Page 39 - Euless ORD 2360 Adopted FY 23-24 Budget

Debt Service Operating Funds

This chart presents revenues and operating expenses, and use of reserves for all Debt Service Funds
presented within the City of Euless' Annual Operating Budget.
Proposed FY23 Budget to
Debt Service Actual Budget Estimated Budget FY24 Proposed
Funds FY 22 FY 23 FY 23 FY 24 Diff Diff.
General Obligation Debt
Revenues 5, 976, 091 7, 153, 579 7, 321, 236 8, 306, 835 1, 153, 256 16%
Operating Expenses 6, 887, 685 7, 087, 875 7, 252, 875 8, 250, 985 1, 163, 110 16%
Use of Reserves 998, 334 165, 000 91, 932 87, 988 77, 012) 47%)
Capital / One - Time 165, 000 165, 000) 100%)

Star Center Debt
Revenues 711, 177 707, 621 706, 470 775, 976 68, 355 10%
Operating Expenses 710, 970 706, 470 706, 470 709, 190 2, 720 0%
Use of Reserves 0%

EDC Debt Service
Revenues 403, 139 399, 131 403, 239 399, 351 220 0%
Operating Expenses 402, 125 398, 976 398, 976 395, 626 3, 350) 1%)
Use of Reserves 0%

Water & Wastewater Debt
Revenues 1, 212, 183 1, 218, 796 1, 218, 796 1, 213, 836 4, 960) 0%)
Operating Expenses 1, 212, 443 1, 218, 796 1, 218, 796 1, 213, 836 4, 960) 0%)
Use of Reserves 260 0%

Texas Star Golf Course Debt
Revenues 591, 815 590, 912 590, 912 589, 459 1, 453) 0%)
Operating Expenses 591, 715 590, 894 590, 894 589, 187 1, 707) 0%)
Use of Reserves 0%

Debt Service funds are used to account for the repayment of General Obligation Bonds, Certificates of Obligation, Taxable
Bonds, Tax Notes, and Revenue Supported Bonds. These Bonds represent direct and special obligations of the City.

The General Obligation Debt Service Fund is used to account for the collection of a continuing ad valorem tax levied by the
City. Expenses are dedicated to the payment of principal and interest on General Obligation Bonds, General Obligation
Refunding Bonds, Tax Notes, and Certificates of Obligation.

The Star Center Debt Fund is used to account for monthly lease payments on the Stars Center. Expenses are dedicated to
annual debt service requirements.

The EDC Debt Service Fund is used to account for pledged revenues, which includes the proceeds of a '/ 20 sales and use tax
levied within the City. Expenses are dedicated to the sole benefit of the Euless Development Corporation obligations.

The Water & Wastewater Debt Service Fund is used to account for a pledge of the surplus net revenues of the City' s
Waterworks and Sewer System. Expenses are dedicated to payment of annual debt service requirements.

The Golf Course Debt Service Fund is used to account for a pledge of the surplus net revenues derived from the operation and
ownership of the Texas Star Golf Course. Expenses are dedicated to payment of annual debt service requirements.

Ordinance No. 2360, Page 39 of 326 31