Page 53 - Grapevine FY19 Operating Budget

Operating Transfers Out are budgeted at $9 million and includes transfers of $3 million from the
General fund to the Capital Improvement fund for Community Quality of Life projects, $3 million
from the General fund to the Capital / Street Maintenance fund, and $3 million from the General
fund to the Crime Control & Prevention District fund. Actual transfers in FY18 were $8.4 million.
Per Council policy, revenues in excess of the 20% balance requirement in the General fund are to
be transferred to the Quality of Life CIP fund at fiscal year-end.

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

Capital Maintenance 1,251,000 1,251,000 1,646,000 1,646,000 1,646,000 1,012,000
Street Maintenance 1,558,000 1,558,000 1,633,000 1,633,000 1,633,000 1,633,000
CIP / Quality of Life 5,169,886 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000
Equipment Acquisition 1,596,650 1,676,000 1,202,000 1,906,099 982,000 0
CCPD Fund 1,300,000 1,000,000 700,000 - 200,000 2,235,000
Economic Development - 1,000,000 4,624.00 - - -
CVB Fund 15,041 28,014 33,463.00 - - -
Capital Projects Fund - - - 699,436.00 - -
Grant Fund 1,500 - - - - 574,200.00

Total Transfers Out $10,892,077 $9,513,014 $8,219,087 $8,884,535 $7,461,000 $8,454,200
Increase / (Decrease) $2,579,939 ($1,379,063) ($1,293,927) $665,448 ($1,423,535) $993,200
% Change 31% -13% -14% 8% -16% 13%

Debt Service is budgeted at $15.9 million, and represents an increase of $1.3 million from the
previous year. Actual expenditures in FY18 totaled $15.5 million and represented a decrease of
$902,000 (-5.5%) from the previous year. Debt service costs represent 18% of General
Government expenditures.

DEBT SERVICE FY-2013 FY-2014 FY-2015 FY-2016 FY-2017 FY-2018
Principal & Interest Payments

General Obligation $6,632,771 $10,078,398 $10,773,107 $13,087,895 $11,674,025 $9,668,071
Certificates of Obligation $1,817,602 $1,621,232 $3,367,076 $3,750,785 $4,061,585 $5,081,325
Tax Notes Payable $1,397,565 $1,988,936 $1,497,656 $640,822 $677,275 $760,715
Total $9,847,938 $13,688,566 $15,637,839 $17,479,502 $16,412,885 $15,510,111
Increase / (Decrease) ($605,929) $3,840,628 $1,949,273 $1,841,663 ($1,066,617) ($902,774)
% Change -5.8% 39.0% 14.2% 11.8% -6.1% -5.5%

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