Page 55 - Grapevine FY19 Operating Budget

FY 2018-19 APPROVED OPERATING BUDGET
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
GENERAL FUND

2015-16 2016-17 2017-18 2017-18 2018-19
Actual Actual Budget Estimate Approved

BEGINNING FUND BALANCE: 12,281,699 11,102,163 9,944,572 9,944,572 11,568,980

OPERATING REVENUE:
Ad Valorem Taxes 9,793,333 9,655,982 9,793,333 11,331,315 11,165,766
Sales Taxes 28,314,649 26,980,350 27,300,000 28,153,606 28,890,000
Mixed Beverage Taxes 1,710,043 1,733,258 1,700,000 1,792,674 1,800,000
Franchise Fees 6,661,525 6,602,482 6,760,000 6,589,106 6,983,718
Licenses & Permits 1,769,496 1,910,170 1,800,000 1,631,113 1,926,304
Charges for Services 10,376,446 11,560,418 12,741,780 12,504,446 9,189,699
Intergovernmental 92,507 103,121 97,189 166,276 217,690
Fines and Forfeitures 1,779,275 1,789,779 1,856,815 1,582,456 1,800,452
Miscellaneous 1,670,606 3,352,026 1,018,250 1,458,647 1,242,400
Total Operating Revenue 62,167,879 63,687,586 63,067,367 65,209,638 63,216,029

TRANSFERS IN:
Admin. Fee - Utility Fund 1,650,769 1,826,307 1,865,743 1,609,234 1,865,000
Admin. Fee - CVB Fund 1,465,969 1,428,542 1,094,581 1,139,487 1,428,000
Admin. Fee - Golf Fund 98,831 108,147 103,875 98,878 108,000
Administrative Fee - SDUS Fund 106,775 112,127 108,110 95,418 112,000
Administrative Fee - Lake Parks Fund 72,951 144,381 591,305 185,101 689,893
Administrative Fee - 4B Fund 314,997 306,433 260,063 217,241 306,000
Total Transfers In 3,717,547 3,925,938 4,023,677 3,345,359 4,508,893

TOTAL REVENUE AND TRANSFERS 65,885,427 67,613,524 67,091,044 68,554,997 67,724,922

OPERATING EXPENDITURES:
Personnel 28,618,205 29,975,303 31,464,766 31,401,836 33,534,842
Supplies 2,973,943 3,264,579 3,204,352 3,197,943 3,311,114
Maintenance 942,049 989,561 1,142,566 1,140,281 1,251,755
Services 11,538,851 11,822,483 10,730,447 10,666,954 11,598,115
Capital Outlay 179,347 148,958 92,000 91,816 92,000
Insurance 12,428,033 15,109,232 12,576,663 12,551,510 8,860,466
Total Operating Expenditures 56,680,428 61,310,115 59,210,794 59,050,340 58,648,292

TRANSFERS OUT:
To Permanent Capital Maintenance 1,595,000 1,595,000 1,322,500 1,322,500 1,510,000
To Permanent Street Maintenance 1,684,000 1,684,000 1,322,500 1,322,500 1,510,000
To Capital Equipment Acquisition Fund 1,906,099 982,000 0 0 0
To Community Quality of Life Fund 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000
To Crime Control & Prevention District Fund 0 200,000 2,235,250 2,235,250 3,056,630
To Capital Improvement Projects Fund 2,199,435 0 0 0 0
Total Transfers Out 10,384,534 7,461,000 7,880,250 7,880,250 9,076,630

TOTAL EXPENDITURES AND TRANSFERS 67,064,962 68,771,115 67,091,044 66,930,590 67,724,922

SURPLUS / (DEFICIT) (1,179,536) (1,157,591) 0 1,624,407 0

ENDING FUND BALANCE: 11,102,163 9,944,572 9,944,573 11,568,980 11,568,980

FUND BALANCE REQUIREMENT: 11,180,797 12,094,050 11,679,937 11,648,286 11,568,978
* Fund balance requirement is 20% of total budgeted expenditures (72 days of operation).
The FY 2018-19 projected Ending Fund Balance represents 20% of total budgeted expenditures (72 days of operation).
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