Fund Balance Esmates

! # $




General Fund Five Year Financial Forecast
Esmate of General Fund revenues and expenditures for FY 2014"15 to FY 2018"19 based on proposed budget and
previous 5 years actuals and esmates.
Revenues are projected conservavely
Property Taxes and Transfers are shown net of TIF impacts
Impact of future recession is not part of the model
Supplemental increases based on currently proposed expansions of service and key focus areas
In future years, projected expenditures exceed projected revenues

Five Year Forecast Supplemental Increases
Five categories of supplemental increases have been considered in addion to the base expenditure projecons.
Increased infrastructure replacementstructure and infrastructure maintenance was one area that was reduced
to balance budgets during the recession. The proposed budget increases funding for this expense, but addional
funds are projected for future budgets.
Street infrastructure depreciaon expense is $4.2 million per year.
Street replacement and overlay budget is proposed at $2.2 million for FY 14"15.
An increase of $250,000 per year is projected.
Equipment replacementan addional $500,000 per year is esmated for annual replacement budgets to be in
line with actual replacement needs.
New Supplemental increasesan addional $300,000 per year is included for new supplemental requests, which
could include new personnel, contracts or other expansions of city services.
Fire Staon #12the operang costs have been projected to begin in FY 2016"17, which is when the staon is
scheduled for compleon. First year operang costs are projected at $5.3 million.
New Recreaon/Senior Centerstang for a proposed new recreaon center or senior center have been
esmated in addion to the capital cost for land, design, construcon and equipment. This service has also been
scheduled to begin in FY 2016"17, but the facility is not currently a part of the ve year CIP schedule. Esmated
"#$#
"#$%
"#&%
"#'(
")*+
")#*
")#$
"))(
"#,)
"#$#
"#$#
"#&#
"#&,
"#'(
")**
")*%
")*'
")#+
"#$#
"#,'
"#,$
"#&%
"#'(
")*%
")#$
")),
")+%
"#%*
"#,*
"#&*
")**
"))*
")%*
)*#* )*## )*#) )*#+ )*#% )*#( )*#, )*#$ )*#& )*#'
#$%%$&'(
)*(+ ,-.+'/$012+ )*(+ 3+4+'1+ 5%%
-")# ./
! # %


!

#

&




Debt Service
The city issues debt for a wide variety of capital projects. Each type of debt is secured by specic dedicated funding
sources. Debt is issued under the following policy guidelines:
Debt will be incurred for capital improvements only, and will not be used for operang expenditures
A mul"year plan for capital improvements is developed and updated annually
A debt capacity model is updated semi"annually to assure that there are sucient future revenues to pay proposed
debt issues and that the citys municipal bond rangs are maintained

Debt Raos
The following debt raos have been calculated comparing total debt expenses to the total proposed budgets for FY
2014"15
Debt Service as a percent of the total proposed budget: 12%
General Debt as a percentage of the General Fund budget: 12%

Five Year CIP
The ve year CIP proposes issuing debt to fund capital projects for General CIP and Water and Sewer CIP. The project-
ed debt issues are summarized in the table below.














Net Debt Outstanding
Below is a table summarizing all of the citys current debt obligaons and the projected new debt issues and debt re-
rements over the next ve years.
0121345 64713 8 91:13
;1<7 ;1<7
67 89:;":< =8>?9<9?999 =:8?999?999
67 89:<":@ =88?AB<?999 =88?89B?999
67 89:@":B =:@?999?999 =:@?>9<?999
67 89:B":C =:<?@<9?999 =88?9C9?999
67 89:C":A =:B?8A9?999 =:@?<99?999
=>745 "'%?',(?*** "&'?*')?***
@AB1 C143 DEF
F3>G>H1I ;1<7 EHHJ42K1
Current FY 18-19
Funding Net PrincipaI New PrincipaI Net PrincipaI
Debt Type Sources Outstanding Debt Retired Outstanding
General Debt Property Taxes 214,100,000 94,965,000 70,700,000 238,365,000
Water & Sewer Revenue Debt Water & Sewer Revenue 192,663,399 89,092,000 75,827,101 205,928,298
MDU Revenue Debt MDU Revenue 4,355,000 - 980,000 3,375,000
Convention Center Debt 2% HOT Revenue 130,555,000 - 5,820,000 124,735,000
5% HOT Revenue
General &S Fund
Entertainment Venue Debt 2% Brimer HOT 62,640,000 - 1,550,000 61,090,000
Sanitation (Heritage) Debt General O&M Revenues 28,790,000 - 5,050,000 23,740,000
PD #1 (Bridges of Las Colinas) TF & Special Assessment 8,750,000 - 510,000 8,240,000
PD #2 (Campion Hollows) TF & Special Assessment 3,210,000 - 485,000 2,725,000
PD #3 (Parkside) TF & Special Assessment 20,725,000 - 1,175,000 19,550,000
TotaI: 665,788,399 $ 184,057,000 $ 162,097,101 $ 687,748,298 $
Five Year Forecast
! # '




General Debt Service
General debt service accounts for both General Obligaon bonds and cercates of obligaon issued by the city for
general municipal purposes.
Debt capacity is projected at $94.965 million over the next ve years
The debt is structured to maintain or reduce the amount of the property tax rate allocated to debt for each year.
In FY 2019"20, the increase in debt service resulng from the restructuring of debt for the Convenon Center will
be refunded. The projected increase in debt service will be spread out over the remaining life of the bonds to re-
duce annual debt service to an amount comparable with prior year payments.
The amount of General principal outstanding at the end of FY 2013"14 is $214.1 million
$-
$5
$10
$15
$20
$25
$30
$35
$40
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035
0121345 L<5AM47A>2 N>2I1I E2I1<71I21HH 7> .47J3A7O :A7P F3>Q1K71I N>2I 9451H
)*#(R)*#'
PrincipaI Interest Projected Debt DeveIopment Convention Center
MiIIions
! # (




Enterprise Fund Revenue Debt
Water and Sewer Fund Revenue Debt
FY 2014"15 Debt service of $22.8 million
Includes $893,900 payment for Corps of Engineers payment of Lake Chapman
Addional debt of $89 million projected for the Five year CIP
The amount of Water & Sewer Revenue principal outstanding at the end of FY 2013"14 is $192.66 million




















Municipal Drainage Ulity Debt
Current debt is less than $350,000 per year
No plans to issue addional debt in the next ve years
The amount of MDU Revenue principal outstanding at the end of FY 2013"14 is $4.35 million




$-
$5
$10
$15
$20
$25
$30
$35
$40
Millions
S1B12J1 N>2I1I E2I1<71I21HH 7> .47J3A7O <O C143
PrincipaI Interest Projected New Debt
$-
$200
$400
$600
$800
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034
MDU Revenue Bonded Indebtedness to Maturity
PrincipaI Interest
Thousands
! # )




Heritage Crossing Debt Service
The 2012 Revenue Bonds issued to nance the selement of the MacDougal indebtedness were issued as Solid Waste
Services Debt. However:
Debt service on the bonds is paid from General Fund operaons and maintenance revenues
While Sanitaon revenues are pledged as a revenue source, revenues of the Solid Waste Services fund are
not used to pay principal or interest on this debt
Since these bonds were issued for economic development purposes, the Interest and Sinking poron of the
property tax rate can not be used to pay this debt.
From FY 2012"13 to FY 2014"15, the debt service has been roughly $1.5 million and has been funded from
the Economic Development Fund
Beginning in FY 2015"16, the annual debt payment will rise to $2.5 million
The obligaon owed by the city to Billingsly for the Olympus capital improvements will be paid o the prior
year, allowing the city to shi debt payments from the Olympus agreement to the Heritage Crossing debt
with only a small dierence in the total debt service
The amount of Solid Waste Services Revenue principal outstanding at the end of FY 2013"14 is $28.79 mil-
lion
$-
$2
$4
$6
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033
969 S1B12J1 N>2I1I E2I1<71I21HH 7> .47J3A7O
PrincipaI Interest
MiIIions
! # *




TIF District Debt
The city has issued debt to facilitate the development of three neighborhoods by providing nancing for infrastructure
improvement necessary to develop those properes. TIF #3 Bridges of Las Colinas and TIF #4 Campion Hollows were
established in 2013. TIF #5 Parkside Estates was established in 2014. The debt service for these developments will be
repaid from a combinaon of tax increment payments and assessments on the properes within the district. The rst
two years of debt service were nanced from bond proceeds to allow for improvements to be built and incremental
values to increase to begin funding the debt service.

These bond issues are backed by General revenues, but are designed to be self"supporng debt with no allocaon or
transfer from the General Fund for their debt service obligaons.

The amount of Public Improvement District principal outstanding at the end of FY 2013"14 is as follows:

PID #1 Bridges of Las Colinas $8.75 million
PID #2 Campion Hollows $3.21 million
PID #3 Parkside Estates $20.725 million
! # +




HOT Debt Service
Convenon Center Hotel Debt

Includes inial land purchase
and construcon of the conven-
on center
Debt service paid from three
sources
2% HOT revenues
$628,000 of the 5% reve-
nues.
General I&S
The average General I&S subsidy
over the next ve years is pro-
jected to be $1.58 million
The amount of Hotel Occupancy
Tax Revenue principal outstand-
ing at the end of FY 2013"14 is
$130.56 million









Entertainment Venue Debt

Funded exclusively by 2%
Brimer HOT revenues
No general funds pledged.
The amount of Brimer 2% Hotel
Occupancy Tax Revenue princi-
pal outstanding at the end of
FY 2013"14 is $62.64 million











$-
$2
$4
$6
$8
$10
$12
$14
$16
$18
$20
2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2035 2037 2039
T>715 LKKJG42KO =4U N>2I1I E2I1<71I21HH 7> .47J3A7O
PrincipaI Interest
MiIIions
$0
$2
$4
$6
$8
$10
2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2035 2037 2039 2041 2043
N3AV13 TL= =4U N>2I1I E2I1<71I21HH 7> .47J3A7O
PrincipaI Interest
MiIIions
! # ,