Page 196 - FortWorthFY23AdoptedBudget

Debt Service Fund

Water Prior Lien Debt Service

FUND SUMMARY

FY2021 FY2022 FY2022 FY2023 Change from Adopted

Final Adopted Adjusted Adopted Amount %
Use of Money & Property 3,784,013 - - - - 0.00%
Transfer In 167,356,053 97,221,066 187,471,066 100,472,612 3,251,546 3.34%
Use of Fund Balance - - 9,271,059 - - 0.00%
Revenue $ 171,140,066 $ 97,221,066 $ 196,742,125 $ 100,472,612 $ 3,251,546 3.34%

Debt Service Accts 162,562,021 96,536,154 196,742,125 97,718,311 1,182,157 1.22%
Transfer Out & Other - 684,912 - 2,754,301 2,069,389 302.14%
Expenses $ 162,562,021 $ 97,221,066 $ 196,742,125 $ 100,472,612 $ 3,251,546 3.34%

FUND PURPOSE AND GOALS
Water & Sewer Prior Lien Debt Service Fund uses revenue debt to fund projects which update, upgrade, or
improve the city’s current water and sewer system. It also includes long-range development and planning of the
systems.

The city’s Water & Sewer Enterprise System has outstanding debt service obligations for previously issued water-
related debt. Issues include water & sewer revenue bonds and loans from the Texas Water Development Board's
State Revolving Loan Fund. The Water & Sewer Operating Fund collects fees for its services to support ongoing
operations and its outstanding debt service obligations.

The following chart shows principal and interest by series for each bond issuance with a payment due in FY2023.
An additional minimal amount is included in debt service accounts that do not show below. This is due to bond
covenant requirements in addition to budgetary needs.

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