Page 239 - Grapevine FY20 Approved Budget

PURCHASE / STORAGE FY-2014 FY-2015 FY-2016 FY-2017 FY-2018 FY-2019
& TREATMENT
Water $7,497,617 $8,010,684 $8,412,477 $8,549,638 $9,559,912 $8,030,760
Wastewater $1,298,730 $1,368,647 $1,282,688 $1,508,182 $1,551,886 $1,373,190
Total $8,796,347 $9,379,331 $9,695,165 $10,057,820 $11,111,798 $9,403,950
Increase / (Decrease) $284,173 $582,984 $315,834 $362,655 $1,053,978 ($1,707,848)
% Change 3% 7% 3% 4% 10% -15%

Utility costs for FY20 are budgeted at $880,000 and represent a decrease of $200,000 from the
previous year’s budget. Estimated utility expenses in FY19 were $604,275 and represent a
decrease of -23% from FY18.

ENTERPRISE FUND FY-2014 FY-2015 FY-2016 FY-2017 FY-2018 FY-2019
UTILITY COSTS

Utility Fund $671,882 $724,446 $649,927 $585,866 $501,387 $440,718
Golf Fund $198,745 $179,992 $194,486 $237,559 $283,772 $163,557
Total $870,627 $904,438 $844,413 $823,425 $785,159 $604,275
Increase / (Decrease) ($231,012) $33,811 ($60,025) ($20,988) ($38,266) ($180,884)
% Change -21% 4% -7% -2% -5% -23%

Transfers Out are budgeted at $1.97 million and is comprised of the 7.5% administrative fee to the
General fund ($1,865,000 from Utility and $108,000 from Golf). Estimated expenditures in FY19
total $1.4 million and represent a decrease of 82% from the previous year as FY18 included an
operating transfer of $5,084,734 to the Water & Sewer CIP fund and $1 million from the Utility
Enterprise fund to the Economic Development fund.

ENTERPRISE FUND FY-2014 FY-2015 FY-2016 FY-2017 FY-2018 FY-2019
OPERATING TRANSFERS OUT

Utility Fund $1,595,766 $1,587,535 $1,672,193 $3,826,308 $8,003,880 $1,343,444 (1)
Golf Fund $110,340 $75,709 $98,831 $108,147 $107,254 $86,377
Total $1,706,106 $1,663,244 $1,771,023 $3,934,456 $8,111,134 $1,429,821

Increase / (Decrease) $235,487 ($42,862) $107,779 $2,163,432 $4,176,678 ($6,681,313)
% Change 16.0% -2.5% 6.5% 122.2% 106.2% -82.4%

(1)
FY-2018 Includes a one-time transfer of $5,084,734 to the Water / Wastewater Capital Projects (CIP) Fund and a one-time
(1) transfer of $1,000,000 to the Convention and Visitors Fund

Debt Service expenditures are budgeted at $1.1 million, a decrease of $433,000 (28%) from the
previous year. Debt service expenditures are comprised of principal and interest payments on
outstanding waterworks and sewer revenue bonds, principal and interest payments on outstanding
golf course certificates of obligation, paying agent fees, bond issuance costs, and arbitrage fees (if
applicable).

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