Page 41 - CityofEulessFY26AdoptedBudgetOrdinance2432

Debt Service Operating Funds

This chart presents revenues and operating expenses, and use of reserves for all Debt Service Funds
presented within the City of Euless' Annual Operating Budget.
Proposed FY25 Budget to
Debt Service Actual Budget Estimated Budget FY26 Proposed
Funds FY 24 FY 25 FY 25 FY 26 $ Diff % Diff.
General Obligation Debt
Revenues $ 8, 482, 315 $ 14, 129, 688 $ 14, 162, 919 $ 7, 315, 043 $ ( 6, 814, 645) ( 48%)
Operating Expenses $ 8, 247, 171 $ 7, 592, 752 $ 7, 592, 752 $ 6, 848, 720 $ ( 744, 032) ( 10%)
Use of Reserves $ - $ 27, 611 $ 170, 773 $ 1, 300 $ ( 26, 311) ( 95%)
Capital / One -Time $ - $ 6, 564, 547 $ 6, 564, 547 $ - $ ( 6, 564, 547) ( 100%)
Star Center Debt
Revenues $ 709, 970 $ 780, 377 $ 783, 492 $ - $ ( 780, 377) ( 100°/a)
Operating Expenses $ 709, 240 $ 715, 640 $ 715, 640 $ - $ ( 715, 640) ( 100%)
Use of Reserves $ - $ 267, 251 $ 203, 587 $ - $ ( 267, 251) ( 100°/ a)
Capital / One -Time $ - $ 267, 251 $ 203, 587 $

EDC Debt Service
Revenues $ 402, 804 $ 406, 851 $ 407, 336 $ 403, 872 $ ( 2, 979) ( 1%)
Operating Expenses $ 395, 625 $ 402, 075 $ 402, 075 $ 397, 976 $ ( 4, 099) ( 1%)
Use of Reserves $ - $ - $ - $ - $ 0%

Water & Wastewater Debt
Revenues $ 1, 213, 836 $ 1, 076, 660 $ 1, 076, 660 $ 1, 069, 201 $ ( 7, 459) ( 1%)
Operating Expenses $ 1, 212, 587 $ 1, 076, 660 $ 1, 076, 660 $ 1, 073, 502 $ ( 3, 158) ( 0%)
Use of Reserves $ - $ - $ - $ 4, 301 $ 4, 301 0%

Texas Star Golf Course Debt
Revenues $ 592, 452 $ 1, 714, 351 $ 1, 759, 542 $ - $ ( 1, 714, 351) ( 100%)
Operating Expenses $ 589, 238 $ 591, 572 $ 1, 821, 923 $ - $ ( 591, 572) ( 100%)
Use of Reserves $ - $ 62, 318 $ 62, 381 $ - $ ( 62, 318) ( 100%)
Capital / One -Time $ - $ 1, 185, 097 $ - $ - $ ( 1, 185, 097) ( 100%)

Debt Service funds are used to account for the repayment of General Obligation Bonds, Certificates of Obligation, Taxable
Bonds, Tax Notes, and Revenue Supported Bonds. These Bonds represent direct and special obligations of the City.

The General Obligation Debt Service Fund is used to account for the collection of a continuing ad valorem tax levied by the
City. Expenses are dedicated to the payment of principal and interest on General Obligation Bonds, General Obligation
Refunding Bonds, Tax Notes, and Certificates of Obligation.

The Star Center Debt Fund is used to account for monthly lease payments on the Stars Center. Expenses are dedicated to
annual debt service requirements. Debt paid off in FY2025.

The EDC Debt Service Fund is used to account for pledged revenues, which includes the proceeds of a 1/ 2¢ sales and use tax
levied within the City. Expenses are dedicated to the sole benefit of the Euless Development Corporation obligations.

The Water & Wastewater Debt Service Fund is used to account for a pledge of the surplus net revenues of the City' s
Waterworks and Sewer System. Expenses are dedicated to payment of annual debt service requirements.

The Golf Course Debt Service Fund is used to account for a pledge of the surplus net revenues derived from the operation and
ownership of the Texas Star Golf Course. Expenses are dedicated to payment of annual debt service requirements. Debt paid
off in FY2025.

Ordinance No. 2432, Page 41 of 474
30