Page 231 - Grapevine FY20 Approved Budget

FY 2019-20 APPROVED OPERATING BUDGET
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
ECONOMIC DEVELOPMENT FUNDS (122 & 124)

2016-17 2017-18 2018-19 2018-19 2019-20
Actual Actual Budget Estimate Approved

BEGINNING FUND BALANCE: 32,283,858 17,500,235 6,098,004 6,098,004 12,080,084

OPERATING REVENUE:
Sales Tax 4,062,180 4,256,509 3,611,250 4,393,875 4,402,073
Interest Income 238,778 182,852 150,000 125,697 125,000
Miscellaneous 2,717,098 16,926,474 0 4,213,432 0
Total Operating Revenue 7,018,056 21,365,834 3,761,250 8,733,005 4,527,073

TRANSFERS IN: 2,475,249 627,905 0 0 0

TOTAL REVENUE AND TRANSFERS 9,493,305 21,993,739 3,761,250 8,733,005 4,527,073

OPERATING EXPENDITURES:
Personnel 458,904 487,265 504,552 490,823 523,466
Supplies 7,104 6,678 6,300 9,234 6,300
Maintenance 0 0 0 6,712 0
Services 1,394,510 1,098,204 1,489,871 550,822 2,231,816
Insurance 0 0 58,083 66,293 58,097
Debt Service 0 17,212,082 0 0 0
Capital Outlay 4,716,788 0 0 0 0
Total Operating Expenditures 6,577,306 18,804,228 2,058,806 1,123,884 2,819,679

TRANSFERS OUT: 17,699,621 14,591,742 1,702,444 1,627,041 1,707,394

TOTAL EXPENDITURES AND TRANSFERS 24,276,928 33,395,970 3,761,250 2,750,925 4,527,073

SURPLUS / (DEFICIT) (14,783,623) (11,402,231) 0 5,982,080 0

ENDING FUND BALANCE: 17,500,235 6,098,004 6,098,004 12,080,084 12,080,084

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