Page 184 - City of Fort Worth Budget Book

Debt Service Funds Venue Debt Service

FUND SUMMARY

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

Revenues
Use of Money & Property $ 927,359 $ — $ — $ — $ — 0.0 %
Transfer In 15,023,254 15,036,212 19,255,072 20,002,640 4,966,428 33.0 %
Use of Fund Balance — — — — — 0.0 %
Total Revenues 15,950,613 15,036,212 19,255,072 20,002,640 4,966,428 33.0 %

Expenses
Debt Service Accts 14,929,444 14,924,967 19,060,945 19,858,320 4,933,353 33.1 %
Transfer Out & Other — 111,245 194,127 144,320 33,075 29.7 %
Total Expenses 14,929,444 15,036,212 19,255,072 20,002,640 4,966,428 33.0 %
Grand Total $ 1,021,169 $ — $ — $ — $ — 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
FY2025. Other budgeted amounts beyond debt service obligations are for handling charges and contribution to
fund balance/net position.

FY2025 Principal Interest Total Debt Service
2017A Special Tax Rev 2,520,000 3,809,819 6,329,819
2017B Special Tax Rev 3,550,000 5,043,957 8,593,957
2023A Special Tax Rev 450,000 1,421,513 1,871,513
2023B Special Tax Rev 505,000 2,556,431 3,061,431
$ 7,025,000 $ 12,831,720 $ 19,856,720

184