Page 38 - Grapevine FY19 Operating Budget
P. 38
In June 2018 the Grapevine City Council and Paycom are announced that Paycom Software, Inc.,
(“Paycom”) an award-winning U.S.-based human capital management technology provider, will be
relocating its Texas operations center to Grapevine, Texas. Oklahoma City-based Paycom will
occupy approximately 14 acres of the City of Grapevine property and will be located across from
Kubota’s North American Headquarters.
Paycom plans to begin with a new, single building and currently expects to expand to several
hundred employees before eventually expanding their physical footprint to accommodate
approximately 1,000 well-paying positions. Paycom felt that Grapevine would be an ideal location
to continue their growth in Texas and consolidate some of their current smaller operations.
The FY19 budget includes funding for additional economic development deals.
Maintain a healthy General Fund balance of at least 20% annually
The FY19 ending fund balance is projected at $11,568,980 and meets the policy requirement of
20% of expenditures.
30
