Page 117 - City of Fort Worth Budget Book

Debt Service Funds Water Prior Lien Debt Service

FUND SUMMARY

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

Revenues
Use of Money & Property $ 4,875,831 $ — $ — $ — $ — 0.0 %
Transfer In 97,233,858 100,472,612 100,472,612 114,865,880 14,393,268 14.3 %
Use of Fund Balance — — — — — 0.0 %
Total Revenues 102,109,689 100,472,612 100,472,612 114,865,880 14,393,268 14.3 %

Expenses
Debt Service Accts 106,272,098 97,718,311 97,718,311 106,862,544 9,144,233 9.4 %
Transfer Out & Other — 2,754,301 2,754,301 8,003,336 5,249,035 190.6 %
Total Expenses $ 106,272,098 $ 100,472,612 $ 100,472,612 $ 114,865,880 $ 14,393,268 14.3 %
Grand Total $ (4,162,409) $ — $ — $ — $ — 0.0 %

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 FY2024.
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.

FY2024 Principal Interest Total Debt Service
2009 W&SS Revenue Bonds $ 815,000 $ — $ 815,000
2014 W&SS Ref and Imp 6,245,000 4,206,175 10,451,175
2015 W&SS Rev 1,880,000 402,765 2,282,765
2015A W&S Ref and Imp 12,030,000 3,148,794 15,178,794
2015B W&SS Rev 875,000 110,802 985,802
2016 W&SS Ref and Imp 4,895,000 1,861,275 6,756,275
2017 W&SS Rev 475,000 183,718 658,718
2017A W&SS Rev Ref Imp 3,610,000 3,408,275 7,018,275
2017B W&SS Rev 4,135,000 591,894 4,726,894
2018 W&SS Rev 985,000 1,751,119 2,736,119
2019 W&SS Rev 1,840,000 3,281,244 5,121,244
2020 W&SS Rev 3,115,000 111,562 3,226,562
2020A W&SS Rev Ref Imp 11,310,000 4,683,775 15,993,775
2021 W&SS Rev Ref Imp 8,045,000 3,842,031 11,887,031
2022 W&SS Rev 2,435,000 6,106,575 8,541,575
2023 W&SS Rev 1,405,000 9,077,540 10,482,540
$ 64,095,000 $ 42,767,544 $ 106,862,544

Page 117