Page 113 - City of Fort Worth Budget Book

Debt Service Funds Venue Debt Service

FUND SUMMARY

FY2022 FY2023 FY2023 FY2024 Chg from PY Adopted
Final Adopted Adjusted Rec. Amount %

Revenues
Use of Money & Property $ 94,910 $ — $ — $ — $ — 0.0 %
Transfer In 15,013,829 15,023,254 15,023,254 15,036,212 12,958 0.1 %
Use of Fund Balance — — — — — 0.0 %
Total Revenues 15,237,613 15,023,254 15,023,254 15,036,212 12,958 0.1 %

Expenses
Debt Service Accts 14,924,898 14,930,243 14,930,243 14,924,967 (5,276) 0.0 %
Transfer Out & Other — 93,011 93,011 111,245 18,234 19.6 %
Total Expenses 14,924,898 15,023,254 15,023,254 15,036,212 12,958 0.1 %
Grand Total $ 312,715 $ — $ — $ — $ — 0.0 %

FUND PURPOSE AND GOALS

The Venue Debt Service Fund is used to provide funds for Dickies Arena and associated facilities serving as
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
FY2024. Other budgeted amounts beyond debt service obligations are for handling charges and contribution to
fund balance/net position.

FY2024 Principal Interest Total Debt Service
2017A Special Tax Rev 2,400,000 3,928,506 6,328,506
2017B Special Tax Rev 3,445,000 5,149,861 8,594,861
$ 5,845,000 $ 9,078,367 $ 14,923,367

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