Page 178 - Grapevine FY20 Approved Budget

Revenue and Other Financing Sources

Special Revenue funds are projected to generate $66.5 in revenue for FY20, an increase of $2.3
million (4%) from the previous year’s budget. Revenue in the Convention & Visitors fund, the
largest of the category, is budgeted at $23 million and represents an increase of $747,000 from the
previous budget year.

Sales Taxes represent the largest revenue stream at 46% of total revenues. Sales taxes are
budgeted at $30.3 million, split between the CCPD, 4B Transit, and Economic Development funds.
Collections in FY19 were $29.7 million, and represented an increase of 7% from the prior year. In
the 4B Transit fund, 3/8-cent of collections are remitted to Trinity Metro in support of commuter
rail.

SALES TAXES FY-2014 FY-2015 FY-2016 FY-2017 FY-2018 FY-2019
SPECIAL REVENUE FUNDS

4B Transit (3/8 cent) $9,240,844 $9,573,493 $9,881,507 $9,408,363 $9,815,379 $10,746,439
Economic Devl (3/8 cent) $3,771,644 $3,982,577 $4,170,133 $4,062,180 $4,256,509 $4,393,875
CCPD (1/2 cent) $12,630,599 $13,196,743 $13,517,360 $13,229,439 $13,670,499 $14,563,884
Collections $25,643,087 $26,752,813 $27,569,000 $26,699,982 $27,742,387 $29,704,198
Increase / (Decrease) $1,394,186 $1,109,725 $816,187 ($869,018) $1,042,405 $1,961,811
% Change 6% 4% 3% -3% 4% 7%

Occupancy Taxes are obtained through the assessment of a 7% tax levy to the rental rate of hotel
and motel rooms within the City. Funds generated by the occupancy tax are required to be used
in a manner that directly enhances and promotes tourism and the convention and hotel industry.
Occupancy taxes are budgeted at $19.7 million ($180,000 increase) for FY20 and are the second
largest source of revenue at 30%. FY19 collections are estimated at $19.4 million and represent
a 2% decline from the previous year. The City collects occupancy taxes from twenty properties
within its jurisdiction with a combined capacity of 5,411 rooms.

OCCUPANCY FY-2014 FY-2015 FY-2016 FY-2017 FY-2018 FY-2019
TAXES

Collections $14,025,119 $18,096,508 $18,963,787 $18,800,655 $19,870,081 $19,433,484
Increase / (Decrease) $1,252,902 $4,071,389 $867,279 ($163,133) $1,069,426 ($436,597)
% Change 10% 29% 5% -1% 6% -2%

Charges for Services includes revenue from Grapevine Vintage Railroad operations, facility rental
fees, food, beverage and merchandise sales, stormwater drainage fees, recreation and camping fees,
and the Grapevine Visitor Shuttle. Revenue in this category is budgeted at $11.6 million for FY20,
up $221,000 from the previous year. Revenue from festivals is projected at $3.5 million. The
Grapevine Vintage Railroad is projected to generate $2.1 million in revenue. Revenue for the
Grapevine Visitor Shuttle is budgeted at $90,000. Facility rental income is budgeted at $730,000,
an increase of 12% from the previous year.

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