Page 63 - Grapevine FY20 Approved Budget

Summaries for the three funds that comprise the General Government Funds group are as follows:

LONG-RANGE FINANCIAL FORECAST - GENERAL FUND
2017-18 2018-19 2019-20 2020-21 2021-22 2022-23
Actual Estimate Approved Projected Projected Projected

REVENUE AND OTHER FUNDING SOURCES
Taxes 41,412,092 43,528,067 44,716,581 45,834,496 46,980,358 48,154,867
Licenses, Fees & Permits 8,524,264 8,152,133 8,831,372 8,330,000 8,350,000 8,375,000
Fines, Forfeitures & Charges for Services 14,118,119 10,223,236 10,851,630 11,274,844 11,714,562 12,171,430
Transfers In 4,082,178 2,929,355 4,536,419 4,695,194 4,859,525 5,029,609
Interest & Miscellaneous 3,807,876 2,339,174 2,118,687 2,150,000 2,250,000 2,235,000
TOTAL SOURCES OF FUNDS 71,944,529 67,171,965 71,054,689 72,284,533 74,154,446 75,965,906

EXPENDITURES AND OTHER FUNDING USES
Personnel 32,096,812 32,053,473 34,466,915 35,647,407 36,868,331 38,131,071
Supplies, Maintenance & Services 16,086,291 16,853,895 17,074,990 17,587,240 18,114,857 18,658,303
Capital / Street Maintenance & Outlays 109,711 264,387 105,000 100,000 100,000 100,000
Insurance 12,125,821 5,987,403 8,891,956 9,425,473 9,991,002 10,590,462
Transfers Out 8,454,200 9,076,630 10,515,828 9,800,000 9,850,000 9,900,000
TOTAL USES OF FUNDS 68,872,835 64,235,788 71,054,689 72,560,120 74,924,189 77,379,835

NET CHANGE IN FUND BALANCE 3,071,694 2,936,177 0 (275,587) (769,743) (1,413,929)

BEGINNING FUND BALANCE 11,452,240 12,851,591 15,787,768 15,787,768 15,512,181 14,742,438

ENDING FUND BALANCE 12,851,591 15,787,768 15,787,768 15,512,181 14,742,438 13,328,508

FUND BALANCE REQUIREMENT 11,918,196 10,880,711 11,941,912 12,380,078 12,836,552 13,311,091

PERCENTAGE OF COVERAGE 21% 29% 26% 25% 23% 20%

55