Page 183 - City of Fort Worth Budget Book

Debt Service Funds Culture and Tourism Debt Service

FUND SUMMARY

FY2023 FY2024 FY2024 FY2025 Chg from PY Adopted
Final Adopted Adjusted Rec. Amount %

Revenues
Use of Money & Property $ 2,454,642 $ — $ — $ — $ — 0.0 %
Transfer In 3,891,027 6,954,652 6,954,652 6,940,072 (14,580) -0.2 %
Use of Fund Balance — — — — — 0.0 %
Total Revenues 6,345,669 6,954,652 6,954,652 6,940,072 (14,580) -0.2 %

Expenses
Debt Service Accts 3,891,026 6,954,652 6,954,652 6,940,072 (14,580) -0.2 %
Transfer Out & Other — — — — — 0.0 %
Total Expenses 3,891,026 6,954,652 6,954,652 6,940,072 (14,580) -0.2 %
Grand Total $ 2,454,643 $ — $ — $ — $ — 0.00 %

FUND PURPOSE AND GOALS
The Culture & Tourism debt service fund is used to finance upgrades, updates, and construction projects to city-
owned facilities that would add to the tourist attractions in the City of Fort Worth. Examples include the
Convention Center and the Will Rogers Memorial Coliseum.

The following chart provides the principal and interest for each bond issuance that has a payment due in FY2025.

FY2025 Principal Interest Total Debt Service
2015A General Purpose Ref 905,000 70,375 975,375
2020 General Purpose Ref & Imp 1,595,000 565,625 2,160,625
2021B Gen Purpose Ref (Taxable) 655,000 88,372 743,372
2023 Combination Tax 1,250,000 1,810,700 3,060,700
$ 4,405,000 $ 2,535,072 $ 6,940,072

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