Page 191 - FortWorthFY23AdoptedBudget
P. 191

Debt Service Fund



            Venue Debt Service

            FUND SUMMARY

                                          FY2021        FY2022        FY2022        FY2023     Change from Adopted

                                           Final       Adopted       Adjusted       Adopted      Amount      %
            Use of Money & Property           71,513            -             -             -           -     0.00%
            Transfer In                   12,955,825    15,013,829     15,013,829    15,023,254      9,425   0.06%
            Use of Fund Balance                   -             -             -             -           -     0.00%
            Revenue                     $    13,027,338   $    15,013,829   $    15,013,829   $    15,023,254   $         9,425   0.06%


            Debt Service Accts            14,924,498    14,926,498     14,926,498    14,930,243      3,745   0.03%
            Transfer Out & Other                  -         87,331        87,331        93,011       5,680   6.50%
            Expenses                    $    14,924,498   $    15,013,829   $    15,013,829   $    15,023,254   $         9,425   0.06%


            FUND PURPOSE AND GOALS
            The Venue Debt Service Fund is used to provide funds for Dickies Arena and associated facilities that would add
            to the tourist attractions in the City of Fort Worth, by servicing the city’s portion of debt associated with these
            facilities.

            The following chart provides the principal and interest amounts for each bond issuance that has a payment due
            in FY2023.  Handling charges are included separately from principal and interest depicted in the chart.













































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