Page 158 - Grapevine Budget FY21

FY 2020-21 APPROVED OPERATING BUDGET
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
STORMWATER DRAINAGE UTILITY FUND

2017-18 2018-19 2019-20 2019-20 2020-21
Actual Actual Budget Estimate Approved
BEGINNING FUND BALANCE: 1,552,470 1,860,977 1,989,073 1,989,073 1,950,163
OPERATING REVENUE:
Drainage Utility Fees 1,435,920 1,571,370 1,440,000 1,491,696 1,420,000

Interest Income 21,420 25,969 22,500 15,620 22,500
Interest Income - 2000 C.O. 5,899 8,017 7,500 2,852 7,500
Miscellaneous (567) 1,302 - 38,396 -

Total Operating Revenue 1,462,672 1,606,659 1,470,000 1,548,563 1,450,000

TRANSFERS IN: - - - - -
TOTAL REVENUE AND TRANSFERS 1,462,672 1,606,659 1,470,000 1,548,563 1,450,000
OPERATING EXPENDITURES:
Personnel 533,062 509,937 559,846 517,037 544,184
Supplies 19,676 21,894 29,700 23,974 29,700
Maintenance 115,988 138,868 125,000 171,076 125,000
Services 313,125 198,377 204,525 26,291 206,792
Insurance - 159,824 162,060 187,718 120,166
Capital Outlay 62,911 342,343 210,000 562,365 210,000
Total Operating Expenditures 1,044,762 1,371,243 1,291,131 1,488,461 1,235,842

TRANSFERS OUT:
Transfer to General Fund - Admin Fee 109,407 112,059 112,000 99,012 108,750
Total Transfers Out 109,407 112,059 112,000 99,012 108,750

TOTAL EXPENDITURES AND TRANSFERS 1,154,169 1,483,302 1,403,131 1,587,473 1,344,592
SURPLUS / (DEFICIT) 308,503 123,357 66,869 (38,910) 105,408

ENDING FUND BALANCE: 1,860,977 1,989,073 2,055,942 1,950,163 2,055,571
FUND BALANCE REQUIREMENT: 189,284 243,262 230,113 260,346 220,513
* Fund balance requirement is 16.4% of total budgeted expenditures (60 days of operation).
The FY 2020-21 projected Ending Fund Balance represents 607 days of operation.

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