Page 237 - Grapevine FY20 Approved Budget

Revenue and Other Financing Sources

Total Enterprise funds revenue for FY20 is budgeted at $27.6 million, an increase of $176,000
(1%) from the previous year’s budget. A vast majority (97%) consists of charges for services,
which represent water and wastewater services in the Utility fund, and golf course services in the
Golf fund.

Water Sales are budgeted at $15.7 million, an increase of $50,000 from last year’s budget. Water
sales in FY19 were $14.4 million and represent a decline of $1.8 million (-11%) from the prior
year as an abnormally wet spring significantly impacted water sales for irrigation purposes.

WATER SALES FY-2014 FY-2015 FY-2016 FY-2017 FY-2018 FY-2019

Collections $13,215,522 $13,119,439 $13,869,776 $14,505,702 $16,267,722 $14,458,527
Gain / (Loss) $1,156,993 ($96,083) $750,337 $635,926 $1,762,020 ($1,809,195)
% Change 10% -1% 6% 5% 12% -11%

Wastewater Charges are budgeted at $8 million, no change from the previous year. Revenue in
this category declined by $335,581 in FY19, which represents a change of -4%. Combined water
and wastewater charges represent 88% of revenue in the Enterprise Funds category.

WASTEWATER FY-2014 FY-2015 FY-2016 FY-2017 FY-2018 FY-2019
SALES

Collections $7,645,169 $7,581,393 $7,909,288 $8,054,884 $8,371,685 $8,036,104
Gain / (Loss) $1,015,288 ($63,776) $327,895 $145,596 $316,801 ($335,581)
% Change 15% -1% 4% 2% 4% -4%

Golf Course Green Fees are budgeted at $1.42 million and represent a decrease of $50,000 from
the previous year. Actual green fee revenue in FY19 totaled $1.42 million and represented a slight
decline of $3,402 from the previous year.

GOLF COURSE FY-2014 FY-2015 FY-2016 FY-2017 FY-2018 FY-2019
GREEN FEES

Collections $1,471,201 $1,009,243 $1,317,741 $1,441,966 $1,430,023 $1,426,621
Gain / (Loss) ($53,823) ($461,958) $308,498 $124,225 ($11,943) ($3,402)
% Change -4% -31% 31% 9% -1% 0%

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