Page 76 - Grapevine FY20 Approved Budget

Operating Transfers Out are budgeted at $10.5 million and includes transfers of $3 million from
the General fund to the Capital Improvement fund for Community Quality of Life projects, $3.3
million from the General fund to the Capital / Street Maintenance fund, and $3.4 million from the
General fund to the Crime Control & Prevention District fund and $830,004 from the General fund
to the Capital Equipment Acquisition fund. Actual transfers in FY19 were $9 million. Per Council
policy, revenues in excess of the 20% balance requirement in the General fund are to be transferred
to the Quality of Life CIP fund at fiscal year-end.

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

Capital Maintenance 1,251,000 1,646,000 1,646,000 1,646,000 1,322,500 1,510,000
Street Maintenance 1,558,000 1,633,000 1,633,000 1,633,000 1,322,500 1,510,000
CIP / Quality of Life 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000
Equipment Acquisition 1,676,000 1,202,000 1,906,099 982,000 - -
CCPD Fund 1,000,000 700,000 - 200,000 2,235,000 3,056,630
Economic Development 1,000,000 4,624 - - - -
CVB Fund 28,014 33,463 - - - -
Capital Projects Fund - - 699,436 - - -
Grant Fund - - - - 574,200.00

Total Transfers Out $9,513,014 $8,219,087 $8,884,535 $7,461,000 $8,454,200 $9,076,630
Increase / (Decrease) ($1,379,063) ($1,293,927) $665,448 ($1,423,535) $993,200 $622,430
% Change -13% -14% 8% -16% 13% 7%

Debt Service is budgeted at $15.7 million, and represents a decrease of $283,000 (-2%) from the
previous year. Actual expenditures in FY19 totaled $15.8 million and represented an increase of
$232,000 (1.5%) from the previous year. Debt service costs represent 17% of General
Government expenditures.

DEBT SERVICE FY-2014 FY-2015 FY-2016 FY-2017 FY-2018 FY-2019
Principal & Interest Payments

General Obligation $10,078,398 $10,773,107 $13,087,895 $11,674,025 $10,335,020 $9,722,770
Certificates of Obligation $1,621,232 $3,367,076 $3,750,785 $4,061,585 $4,524,603 $3,510,864
Tax Notes Payable $1,988,936 $1,497,656 $640,822 $677,275 $760,718 $2,618,681
Total $13,688,566 $15,637,839 $17,479,502 $16,412,885 $15,620,341 $15,852,315
Increase / (Decrease) $3,840,628 $1,949,273 $1,841,663 ($1,066,617) ($792,544) $231,974
% Change 39.0% 14.2% 11.8% -6.1% -4.8% 1.5%

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