Page 143 - Grapevine FY19 Operating Budget
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FY 2018-19 APPROVED OPERATING BUDGET
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
STORMWATER DRAINAGE UTILITY FUND
2015-16 2016-17 2017-18 2017-18 2018-19
Actual Actual Budget Estimate Approved
BEGINNING FUND BALANCE: 985,018 1,261,208 1,552,470 1,552,470 1,692,077
OPERATING REVENUE:
Drainage Utility Fees 1,419,671 1,422,563 1,431,462 1,437,345 1,431,500
Interest Income 2,925 9,301 7,500 21,420 9,500
Interest Income - 2000 C.O. 1,587 3,386 2,500 5,899 3,000
Miscellaneous 23,495 (569) 0 (567) 0
Total Operating Revenue 1,447,677 1,434,681 1,441,462 1,464,097 1,444,000
TRANSFERS IN: 0 0 0 0 0
TOTAL REVENUE AND TRANSFERS 1,447,677 1,434,681 1,441,462 1,464,097 1,444,000
OPERATING EXPENDITURES:
Personnel 455,736 492,963 524,394 523,345 549,651
Supplies 16,889 15,648 34,700 34,631 29,700
Maintenance 117,983 89,951 125,000 124,750 125,000
Services 240,979 257,579 350,440 349,739 234,655
Insurance 0 0 0 0 162,006
Capital Outlay 46,227 30,151 197,000 196,606 210,000
Total Operating Expenditures 877,815 886,292 1,231,534 1,229,071 1,311,012
TRANSFERS OUT:
Transfer to General Fund - Admin Fee 106,775 112,127 108,110 95,418 108,300
Transfer to Equipment Acquisition Fund 186,897 145,000 0 0 0
Total Transfers Out 293,672 257,127 108,110 95,418 108,300
TOTAL EXPENDITURES AND TRANSFERS 1,171,487 1,143,420 1,339,644 1,324,489 1,419,312
SURPLUS / (DEFICIT) 276,191 291,262 101,818 139,608 24,688
ENDING FUND BALANCE: 1,261,208 1,552,470 1,654,288 1,692,077 1,716,765
FUND BALANCE REQUIREMENT: 144,298 145,692 202,444 202,039 215,509
* Fund balance requirement is 16.4% of total budgeted expenditures (60 days of operation).
The FY 2018-19 projected Ending Fund Balance represents 478 days of operation.
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