Page 47 - Grapevine FY19 Operating Budget

Ad Valorem tax collections totaled $22.6 million in FY18, an increase of 10.8% from the previous
year. Actual collections exceeded the budgeted estimate by $783,000.

AD VALOREM FY-2013 FY-2014 FY-2015 FY-2016 FY-2017 FY-2018
TAXES

Collections $19,881,840 $20,233,954 $20,399,415 $20,957,809 $20,428,353 $22,634,019
Gain / (Loss) $178,745 $352,114 $165,461 $558,394 ($529,456) $2,205,666
% Change 0.9% 1.8% 0.8% 2.7% -2.5% 10.8%

Sales & Use Taxes are the largest General Government revenue stream, at 36%. This category
contains both sales and mixed beverage taxes. Sales tax receipts are the result of a tax levy on the
sale of goods and services within the City as authorized by the state of Texas. The maximum sales
tax allowed in the City of Grapevine is one cent per dollar on all goods and services deemed
taxable. Alcoholic beverage taxes are the result of mixed beverage and private club registrants
remitting a 14% mixed beverage gross receipts tax to the state. The state then remits 8.3065% of
those taxes to the City. Combined sales and use taxes represent 45% of total general fund
revenues, up from 43% the previous year.

SALES TAX FY-2013 FY-2014 FY-2015 FY-2016 FY-2017 FY-2018

Collections $24,596,040 $26,203,141 $27,306,949 $28,314,649 $26,980,350 $28,153,606
Gain / (Loss) $846,037 $1,607,101 $1,103,808 $1,007,700 ($1,334,299) $1,173,256
% Change 4% 7% 4% 4% -5% 4%

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