Page 187 - City of Fort Worth Budget Book

Debt Service Funds Stormwater Debt Service

FUND SUMMARY

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

Revenues
Use of Money & Property $ 4,484,990 $ — $ — $ — $ — 0.0 %
Transfer In 9,640,777 12,406,016 7,921,026 12,281,142 (124,874) -1.0 %
Use of Fund Balance — — 4,203,363 — — 0.0 %
Total Revenues 14,125,767 12,406,016 12,124,389 12,281,142 (124,874) -1.0 %

Expenses
Debt Service Accts 9,502,169 12,124,389 12,124,389 12,121,700 (2,689) 0.0 %
Transfer Out & Other — 281,627 — 159,442 (122,185) -43.4 %
Total Expenses $ 9,502,169 $ 12,406,016 $ 12,124,389 $ 12,281,142 $ (124,874) -1.0 %
Grand Total $ 4,623,598 $ — $ — $ — $ — 0.0 %

FUND PURPOSE AND GOALS
The Stormwater Debt Service Fund is used to fund the repayment of Drainage Utility Revenue Bonds that were
issued to support projects which update, upgrade, or improve the city’s current storm water system. It also
includes long-range development planning of the system.

The following chart provides principal and interest by series for each debt issuance that has a payment due in
FY2025. Handling charges are included separately from principal and interest depicted in the chart, as is a
contribution to fund balance.

FY2025 Principal Interest Total Debt Service
2016 Drainage Rev $ 1,085,000 $ 350,100 $ 1,435,100
2019 Drainage Rev Ref 1,660,000 843,131 2,503,131
2020 Drainage Rev Ref 3,080,000 2,533,288 5,613,288
2023 Drainage Rev Ref 715,000 1,851,981 2,566,981
$ 6,540,000 $ 5,578,500 $ 12,118,500

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