Page 32 - Grapevine FY20 Approved Budget

Vehicle and equipment replacements for the General fund total $830,004. In the prior budget year,
these were financed via the issuance of a short-term equipment note in the Debt Service fund. The
annual operating transfer from the General fund to the Quality of Life Capital Projects fund
remains at $3 million.

Land use assumptions are developed to identify real property relative to deliberation to the
purchase, exchange, lease, sale or value of said property. Land use assumptions are also developed
to aid in the identification and deliberation of commercial and financial information received from
business prospects the City seeks to have locate, stay, or expand in the City; deliberate the offer of
a financial or other incentive; with which businesses the City is conducting economic development
negotiations pursuant to Section 551.087, Texas Government Code. In support of this effort, the
appropriation of Economic Development fund resources in FY20 is $1,8 million, an increase of
$623,000 (52%) from the prior year.

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