Page 42 - Grapevine FY19 Operating Budget

The Government Finance Officers Association (GFOA) recommends the use of outstanding debt
indicators to accurately capture the unfunded obligation to be repaid from general revenues. The
City’s net direct debt per capita is the amount of governmental debt outstanding for each citizen
of Grapevine. This allows for a valid comparison among cities of different sizes. Direct debt
includes all long-term obligations directly supported by general revenues and taxes. It does not
include interest expenses. Grapevine’s net debt per capita is calculated at $1,768.12 (based on an
estimated population of 52,4902) and represents an increase of $165.15 (10.3%) from the
previous year’s calculation of $1,602.97. A table of previous years’ net direct debt per capita is
shown below.

Population and net direct debt amounts for the periods listed below are as follows:

Year Net Direct Debt Population

2008 $79,538,716 46,900
2009 $77,725,000 47,000
2010 $75,596,365 47,045
2011 $68,589,652 47,101
2012 $62,359,082 47,854
2013 $122,903,477 48,751
2014 $114,209,419 49,424
2015 $97,648,222 49,800
2016 $86,254,210 49,867
2017 $82,809,565 51,660
2018 $92,808,409 52,490

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