Page 188 - City of Fort Worth Budget Book

Debt Service Funds Water Prior Lien Debt Service

FUND SUMMARY

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

Revenues
Use of Money & Property $ 27,682,910 $ — $ — $ — $ — 0.0 %
Transfer In 100,472,611 114,865,880 164,186,556 120,666,320 5,800,440 5.0 %
Use of Fund Balance — — 25,996,664 — — 0.0 %
Total Revenues 128,155,521 114,865,880 190,183,220 120,666,320 5,800,440 5.0 %

Expenses
Debt Service Accts 98,500,549 106,862,544 190,183,220 108,345,192 1,482,648 1.4 %
Transfer Out & Other — 8,003,336 — 12,321,128 4,317,792 53.9 %
Total Expenses $ 98,500,549 $ 114,865,880 $ 190,183,220 $ 120,666,320 $ 5,800,440 5.0 %
Grand Total $ 29,654,972 $ — $ — $ — $ — 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. Bond issues include water & sewer revenue bonds as well as 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 FY2025.
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.

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