Page 22 - Grapevine FY20 Approved Budget

1. General Government Funds - Includes the General, Debt Service, and Capital / Street
Maintenance funds. The General fund is the general operating fund of the City. It is used to
account for all revenues and expenditures except those required to be accounted for in other
funds. Major functions financed by the general fund include Administration, Public Safety and
Public Health, Library, Public Facilities, Parks and Recreation, and Planning and Development.
The Debt Service fund is used to account for the accumulation of resources for, and the
payment of, general long-term debt principal, interest and related costs.

2. Special Revenue Funds - Special Revenue funds are used to account for the proceeds of
specific revenue sources, other than expendable trusts or major capital projects. The
Convention and Visitors Bureau Fund, CVB Incentives Fund, Stormwater Drainage Utility
Fund, Crime Control and Prevention Fund, Lake Parks Fund and 4B Transit & Capital Fund ,
and the Economic Development Fund, which account for all revenues and expenditures
relating to hotel/motel occupancy taxes, stormwater drainage utility fees, crime half-cent sales
tax for crime control, campgrounds and boat ramps, and half-cent sales tax for commuter rail,
respectively, are classified as Special Revenue funds.

Proprietary Fund Types

Proprietary fund types operate in a manner similar to private business. Beginning this fiscal year,
the City will utilize only the enterprise fund type.

Enterprise Funds - Enterprise funds are used to account for operations that are either financed and
operated in a manner similar to private business enterprises, or where the governing body has
decided that periodic determination of revenues earned, expenses incurred, and/or net income is
appropriate for capital maintenance, public policy, management control, accountability or other
purposes. The City has established two enterprise funds:

 The Utility Enterprise Fund accounts for water, wastewater and solid waste collection
services for residents of the City. All activities necessary to provide such services are
accounted for within the fund, including administration, operations, maintenance, financing
and related debt service, and billing and collection.

 The Lake Enterprise Fund accounts for all activities necessary to operate and maintain the
City-owned golf course.

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