Page 110 - City of Fort Worth Budget Book

Debt Service Funds General Debt Service

FUND SUMMARY

FY2022 FY2023 FY2023 FY2024 Chg from PY Adopted
Final Adopted Adjusted Rec. Amount %
Revenues
Property Tax $ 120,853,275 $ 138,508,506 $ 138,508,506 $ 162,378,702 $ 23,870,196 17.2 %
Charge for Service 96,285 — — — — 0.0 %
Use of Money & Property 7,251,839 3,450,000 3,450,000 3,450,000 — 0.0 %
Transfer In 79,118,120 3,980,510 15,815,510 1,748,950 (2,231,560) -56.1 %
Use of Fund Balance — — 228,042 — — 0.0 %
Total Revenues 207,319,519 145,939,016 158,002,058 167,577,652 21,638,636 14.8 %

Expenses
Debt Service Accts 200,592,258 145,939,016 158,002,058 159,777,621 13,838,605 9.5 %
Transfer Out & Other 2,975,650 — — 7,800,031 7,800,031 0.0 %
Total Expenses 203,567,908 145,939,016 158,002,058 167,577,652 21,638,636 14.8 %
Grand Total $ 3,751,611 $ — $ — $ — $ — 0.0 %

FUND PURPOSE AND GOALS
The General Debt Service Fund debt is used to provide funds for the repayment of long-term debt obligations
issued to support the capital delivery of voter supported bond programs and other capital necessities such as
equipment purchases, upgrades, repairs, construction of buildings, streets, and infrastructure to meet the needs
of the city. This includes the debt paid by property tax authority rather than debt paid by an enterprise fund
revenue source.

Tax-supported debt is shown in the following chart. Not included in the chart are handling charges, contribution to
fund balance, and other administrative expenses.

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