Page 18 - Grapevine Budget FY21

Goals and Objectives

The goals and objectives for the upcoming year remain focused on the Council’s vision of
maintaining Grapevine as a safe, livable, vibrant community and a world-class tourist destination.
The goals, as established in January 2007, are as follows:

 Maintain financial stability and strong fiscal management
 Sustain existing programs at high service levels
 Provide a safe, secure community
 Address future transportation needs
 Continue to enhance tourism development
 Invest in “Quality of Life” capital projects

The City has developed strategic objectives in relation to each of the goals listed above. A review
FY 2021 program highlights for each goal is outlined below.

FY 2021 HIGHLIGHTS:

Goal: Maintain financial stability and strong fiscal management

• Reduced the Ad Valorem tax rate from $0.28427 to $0.282601 per $100 valuation. This means
the owner of a home assessed at Grapevine’s average net taxable value of $277,038 will owe
City taxes of $782.91, down from $796.21 the previous year.

• Vehicle and equipment replacements will be financed via a mid-year debt issuance. While this
is a method frequently used to acquire capital assets, it also serves as a stabilizer for the Debt
Service fund by reducing the volatility of the I&S rate.

Goal: Sustain existing programs at high service levels

• While the Next Generation Leadership (NGL) program is suspended for FY21, professional
development efforts continue with funding for webinars and virtual conferences that serve to
expand the knowledge base of our employees.

• Upon the Governor’s order to reopen businesses at 100%, the FY21 budget contains full
funding to sustain existing programs at high service levels.

Goal: Provide a safe, secure community

• The FY21 budget includes an operating transfer of $5.36 million from the General to the Crime
Control & Prevention (CCPD) fund to bridge a projected shortfall in CCPD revenue, which is
funded solely from the ½ cent CCPD sales tax.

• The FY20 budget provides funding for newly built Fire Stations 2 and 3, as well as newly
renovated Stations 1 and 4 to better serve the needs of Grapevine citizens and businesses.

10