Page 121 - Grapevine FY19 Operating Budget

Revenue and Other Financing Sources

FY19 revenue is budgeted at $64.1 million, an increase of $1.1 million (2%) from the previous
year. Revenue in the Convention & Visitors fund, the largest of the category, is budgeted at $22.3
million and represents an increase of $1.2 million from the previous budget year.

Sales Taxes represent the largest revenue stream at 39% of total revenues. Sales taxes are
budgeted at $25.2 million, split equally between the CCPD and 4B funds. Collections in FY18
were $27.7 million, and represented an increase of 4% from the prior year. In the 4B Transit fund,
3/8-cent of collections are remitted to the Fort Worth Transportation Authority (Trinity Metro) in
support of commuter rail.

SALES TAXES FY-2013 FY-2014 FY-2015 FY-2016 FY-2017 FY-2018
SPECIAL REVENUE FUNDS

4B Transit (3/8 cent) $8,715,679 $9,240,844 $9,573,493 $9,881,507 $9,408,363 $9,815,379
4B Capital (1/8 cent) $3,574,738 $3,771,644 $3,982,577 $4,170,133 $4,062,180 $4,256,509
CCCPD (1/2 cent) $11,958,485 $12,630,599 $13,196,743 $13,517,360 $13,229,439 $13,670,499
Collections $24,248,902 $25,643,087 $26,752,813 $27,569,000 $26,699,982 $27,742,387
Increase / (Decrease) $1,324,544 $1,394,186 $1,109,725 $816,187 ($869,018) $1,042,405
% Change 6% 6% 4% 3% -3% 4%

Occupancy Taxes are obtained through the assessment of a 7% tax levy to the rental rate of hotel
and motel rooms within the City. Funds generated by the occupancy tax are required to be used
in a manner that directly enhances and promotes tourism and the convention and hotel industry.
Occupancy taxes are budgeted at $19.5 million and are the second largest source of revenue at
30%. FY18 collections are estimated at $19.8 million and represent a 6% increase from the
previous year. The City collects occupancy taxes from twenty properties within its jurisdiction
with a combined capacity of 5,411 rooms.

OCCUPANCY FY-2013 FY-2014 FY-2015 FY-2016 FY-2017 FY-2018
TAXES

Collections $12,772,217 $14,025,119 $18,096,508 $18,963,787 $18,800,655 $19,870,081
Increase / (Decrease) $527,166 $1,252,902 $4,071,389 $867,279 ($163,133) $1,069,426
% Change 4% 10% 29% 5% -1% 6%

Charges for Services includes revenue from Grapevine Vintage Railroad operations, facility rental
fees, food, beverage and merchandise sales, stormwater drainage fees, recreation and camping fees,
and the Grapevine Visitor Shuttle. Revenue in this category is budgeted at $11.4 million, up
$550,000 from the previous year. Revenue from festivals is projected at $3.7 million. The
Grapevine Vintage Railroad is projected to generate $1.9 million in revenue. Revenue for the
Grapevine Visitor Shuttle is budgeted at $135,000. Facility rental income is budgeted at $730,000.

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