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ADOPTED | BUDGET

Certificates of Obligation, 2006 – In 2006, $1.095 million in Certificates of Obligation were issued for
a new attraction as determined by the Water Park Master Plan and for additional shade structures
throughout the water park. There is no debt service remaining on this issuance.

DRAINAGE UTILITY FUND DEBT

Drainage Utility Fund debt service consists of several series of General Obligation bond and
Certificate of Obligation debt issues for drainage improvements throughout the City. A portion of the
annual debt service is funded with drainage utility fees based on the percentage of proceeds of the
issue used to fund drainage projects. The outstanding principal and total issue amounts are included
in the General Debt section previously shown. The annual debt service amount is transferred from
the Drainage Utility Fund to the General Debt Service Fund.

BUILDING SERVICES & EQUIPMENT SERVICES FUND DEBT

The Building Services & Equipment Services Fund debt consists of several series of certificate of
obligation debt issues to fund major building projects, and major capital equipment purchases, in
accordance with the Major Equipment Replacement and Facility Maintenance Long Range Plans
and 2005 General Obligation Refunding bonds. Total issue and remaining principal amounts are
included in the General Debt section previously shown. Operating transfers are made from these
funds to the General Debt Service Fund annually to service debt.

388 NRH | TEXAS