Page 50 - Grapevine FY19 Operating Budget

Intergovernmental revenue consists of funds earned by the City in exchange for services
provided to other local, state, federal and quasi-governmental agencies. Examples of revenue
sources include school resource officers at Grapevine-Colleyville ISD facilities and
reimbursements from adjacent cities for firefighter mutual aid services. Intergovernmental
revenue is budgeted at $217,690 and represents a 3% increase from the previous year.

Interest Income is budgeted at $275,000 and represents an increase of $68,000 from the prior
year’s budget. As interest rates continue to remain flat, the investment pools become more
attractive, especially due to their liquidity. Interest income in FY18 totaled $425,000 and
represented an increase of $282,000 (50%) from FY17.

Miscellaneous revenue includes sales of salvage and fixed assets, insurance reimbursements and
income from tower and ground communications leases. Income from subrogation of insurance
claims is budgeted at $130,000 and remains unchanged from the previous year. Income from
tower/ground communications leases is budgeted at $258,700 and reflects an increase of $18,700
from the previous year. Total miscellaneous revenue is budgeted at $1,141,400 for FY19.

Transfers In represents those revenues that are transferred from one fund to another as a
payment in lieu of Ad Valorem taxation, gross receipts charges, and indirect operating costs.
Administrative fees paid to the General fund from the Utility, Convention & Visitors, Lake
Enterprise, 4B, Lake Parks and Stormwater Drainage funds total $4.5 million, an increase of
$500,000 from the previous year. Transfers to the Debt Service fund for principal and interest
payments on debt issued to finance capital improvements of non-General Government funds total
$2.4 million, virtually unchanged from the previous year. Total General Government transfers in
FY19 equal $9.9 million and represent 12% of revenues.

OPERATING FY-2013 FY-2014 FY-2015 FY-2016 FY-2017 FY-2018
TRANSFERS IN

Utility Enterprise 1,271,724 1,595,766 1,587,535 1,650,769 3,826,307 1,609,234
Convention & Visitors 3,051,564 3,186,852 3,282,348 2,547,613 2,959,608 2,480,015
Golf 198,896 110,340 75,709 98,831 108,147 98,878
Stormwater Drainage 205,656 423,444 423,158 106,775 257,127 95,418
General (Cap. Maint) 2,809,000 2,809,000 3,279,000 3,279,000 3,279,000 2,645,000
Lake Parks 327,651 491,497 405,759 72,951 144,381 185,101
4B Transit 272,548 283,450 - - - -
Economic Development - - 1,893,234 1,910,433 1,899,842 1,809,955
Capital Equipment - - - - - 469,775
CIP / General Facilities - - - - - 309,175
Court Technology 22,722 22,723 - - - -

Collections $8,159,761 $8,923,072 $10,946,744 $9,666,371 $12,474,412 $9,702,551
Gain / (Loss) $79,532 $763,311 $2,023,672 ($1,280,372) $2,808,041 ($2,771,861)
% Change 1.0% 9.4% 22.7% -11.7% 29.0% -22.2%

Total income from General Government transfers in FY18 was $9.7 million and represented a
decrease of $2.7 million (-22%) from the previous year.

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