Water Bond Sinking Fund

Source: PDF p. 1139 ↗ · raw: 1139

Breadcrumb: Fund Summaries > Public Works. > Water Bond Sinking Fund

City of Portland Fiscal Year 2026-27 Proposed Budget Public Works> Water Bond Sinking Fund Water Bond Sinking Fund Fund Summary 2024-25 Actuals 2023-24 Actuals 2025-26 Revised Budget 2026-27 Proposed Expense $244,508,766 $77,051,813 $86,180,409 $98,917,001 Fund Expense $244,446,314 $62,011,475 $86,180,409 $98,917,001 Debt Service $244,446,314 $62,011,475 $86,023,058 $98,915,316 Debt Service $0 $0 $157,351 $1,685 Reserves Unappropriated $62,452 $15,040,338 $0 $0 Ending Fund Balance $62,452 $15,040,338 $0 $0 Revenue $244,508,766 $77,051,813 $86,180,409 $98,917,001 External Revenues $172,029,433 $464,933 $0 $0 Bond & Note $172,013,002 $0 $0 $0 Proceeds Miscellaneous $16,431 $464,933 $0 $0 Internal Revenues $72,479,333 $76,586,881 $86,180,409 $98,917,001 Beginning Fund $15,040,338 $14,928,853 $157,351 $1,685 Balance Fund Transfers - $57,438,995 $61,658,028 $86,023,058 $98,915,316 Revenue Fund Overview The Water Bond Sinking Fund pays for principal and interest on revenue bonds issued to finance water system improvements. The bond reserve accounts are maintained in the Water Bond Sinking Fund; however, there is no reserve requirement stipulated in bond convenance at this time. Managing Agency Portland Water Bureau Significant Changes from Prior Year The primary resource in the FY 2026-27 Proposed Budget is transfer from the Water Fund of $98.9 million to pay for debt service. 1139

Parent: Public Works. · PDF: p. 1139 ↗