Page 283 - FortWorthFY22AdoptedBudget

SECTION 3. DEBT SERVICE FUNDS

Debt service funds are used to account for the accumulation of resources for, and the payment

of, principal and interest on outstanding debt obligations as shown below.

The General Debt Service Fund is a debt service fund utilized to manage revenues from the debt
portion of property tax assessments and other resources and used to pay principal and interest on and

to create a sinking fund for outstanding general indebtedness of the City and for FY2022 shall have
receipts and appropriations as follows:

REVENUES
Property Tax $121,072,221
Use of Money and Property $3,074,790
Transfer from CCPD $2,713,347
Transfer from Tl RZ #14 $1,329,084
$128,189,442

EXPENDITURES
Financial Management Services (Debt Obligation) $128,189,442
$128,189,442

The Culture and Tourism Debt Service Fund (General) is a debt service fund utilized to manage
hotel occupancy tax revenues and other resources allocated to pay principal and interest on and to

create a sinking fund for outstanding debt related to improvements at the Convention Center and Will
Rogers and for FY2022 shall have receipts and appropriations as follows:

REVENUES
Transfer from Culture and Tourism $343,372
Transfer from Culture and Tourism 2% Hotel $1,988,188
Transfer from DFW Revenue Share $2,657,298
$4,988,858

EXPENDITURES
Financial Management Services (Debt Obligation) $4,988,858
$4,988,858

Ordinance No. 25073-09-2021 Page 11 of 34
Page 283 of 581