Page 248 - Grapevine FY19 Operating Budget

FY 2018-19 PROPOSED OPERATING BUDGET
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
ECONOMIC DEVELOPMENT FUND (122, 124)

2015-16 2016-17 2017-18 2017-18 2018-19
Actual Actual Budget Estimate Proposed

I BEGINNING FUND BALANCE: 21,529,337 21,968,057 5,249,383 5,168,818 s.216,533 1
OPERA TING REVENUE:
Sales Tax - 1/8 Cent
Sales Tax 4,170,133 4,062,180 3,412,500 3,537,500 3,611,250
Interest Income 98,303 238,778 210,000 209,580 150,000
Miscellaneous 626 (10,704)
Total Operating Revenue 4,269,063 4,290,254 3,622,500 3,747,080 3,761,250

I TOT AL REVENUE AND TRANSFERS 4,269,063 4,290,254 3,622,500 3,747,080 3,761,250
OPERATING EXPENDITURES:
Personnel Services 437,428 458,904 473,576 472.629 504,552
Supplies 20,454 7,104 6,300 6,287 6,300
Services 1,462,028 1,394,510 1,370,412 1,367,671 1,489,871
Insurance 58,083
Total Operating Expenditures 1,919,910 1,860,519 1,850,288 1,846,587 2,058,806
TRANSFERS OUT 1,910,433 19,148,409 1,852,777 1,852,777 1,702,444

TOT AL EXPENDITURES AND TRANSFERS 3,830,343 21,008,928 3,703,065 3,699,364 3,761,250

SURPLUS/ (DEFICIT) 438,720 ( 16,718,674) (80,565 ) 47,716 -
RESERVED FOR DEBT SERVICE 1.595,548 1,595,548 1,595,548 1,402,400 1,402,400

I ENDING FUND BALANCE AVAILABLE: 20,372,509 3,653,835 3,573,270 3,814,133 3,814.133 I

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