Page 78 - Grapevine FY20 Approved Budget

FY 2019-20 APPROVED OPERATING BUDGET
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
GENERAL FUND

2016-17 2017-18 2018-19 2018-19 2019-20
Actual Actual Budget Estimate Approved

BEGINNING FUND BALANCE: 12,753,407 11,452,240 12,851,591 12,851,591 15,787,768

OPERATING REVENUE:
Ad Valorem Taxes 9,655,982 11,332,790 11,165,766 11,684,173 13,043,001
Sales Taxes 27,153,906 28,286,627 28,890,000 29,745,068 29,616,580
Mixed Beverage Taxes 1,733,258 1,792,674 1,800,000 2,098,826 2,057,000
Franchise Fees 6,602,482 6,893,151 6,983,718 6,188,392 6,906,950
Licenses & Permits 1,910,170 1,631,113 1,926,304 1,963,740 1,924,422
Charges for Services 11,414,297 12,535,663 9,189,699 8,675,784 9,122,928
Intergovernmental 249,243 321,081 217,690 384,454 697,687
Fines and Forfeitures 1,789,779 1,582,456 1,800,452 1,547,452 1,728,702
Miscellaneous 3,167,512 3,486,795 1,242,400 1,954,721 1,421,000
Total Operating Revenue 63,676,628 67,862,350 63,216,029 64,242,610 66,518,270

TRANSFERS IN:
Admin. Fee - Utility Fund 1,826,307 1,919,146 1,865,000 1,243,444 1,865,000
Admin. Fee - CVB Fund 1,428,542 1,347,770 1,428,000 1,197,576 1,455,526
Admin. Fee - Golf Fund 108,147 107,254 108,000 86,377 108,000
Administrative Fee - SDUS Fund 112,127 109,407 112,000 88,442 112,000
Administrative Fee - Lake Parks Fund 144,381 163,088 689,893 82,918 689,893
Administrative Fee - 4B Fund 306,433 326,478 306,000 230,597 306,000
Transfer In - Housing Authority 1,109,382 109,035 0 0 0
Total Transfers In 5,035,320 4,082,178 4,508,893 2,929,355 4,536,419

TOTAL REVENUE AND TRANSFERS 68,711,948 71,944,529 67,724,922 67,171,965 71,054,689

OPERATING EXPENDITURES:
Personnel 29,975,449 32,096,812 33,534,842 32,053,473 34,466,915
Supplies 3,565,109 3,325,347 3,311,114 3,171,069 3,350,597
Maintenance 989,561 1,086,978 1,251,755 1,134,274 1,452,632
Services 11,642,216 11,535,895 11,598,115 12,548,552 12,271,761
Capital Outlay 148,958 109,711 92,000 264,387 105,000
Insurance 14,126,946 12,125,821 8,860,466 5,987,403 8,891,956
Debt Service 178,694 138,071 0 0 0
Total Operating Expenditures 60,626,933 60,418,635 58,648,292 55,159,158 60,538,861

TRANSFERS OUT:
To Permanent Capital Maintenance 1,595,000 1,322,500 1,510,000 1,510,000 1,554,000
To Permanent Street Maintenance 1,684,000 1,322,500 1,510,000 1,510,000 1,725,000
To Capital Equipment Acquisition Fund 982,000 0 0 830,004
To Community Quality of Life Fund 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000
To Crime Control & Prevention District Fund 200,000 2,235,000 3,056,630 3,056,630 3,406,824
To Grant Fund 0 574,200 0 0 0
Total Transfers Out 7,461,000 8,454,200 9,076,630 9,076,630 10,515,828

TOTAL EXPENDITURES AND TRANSFERS 68,087,933 68,872,835 67,724,922 64,235,788 71,054,689

SURPLUS / (DEFICIT) 624,015 3,071,693 0 2,936,177 0

ENDING FUND BALANCE: 11,452,240 12,851,591 12,851,591 15,787,768 15,787,768

FUND BALANCE REQUIREMENT: 11,959,285 11,918,197 11,568,978 10,880,711 11,941,912
* Fund balance requirement is 20% of total budgeted expenditures (72 days of operation).
The FY 2019-20 projected Ending Fund Balance represents 26% of total budgeted expenditures (95 days of operation).
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