Page 189 - Grapevine Budget FY21

FY 2020-21 APPROVED OPERATING BUDGET
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
ECONOMIC DEVELOPMENT FUND (122, 124)

2017-18 2018-19 2019-20 2019-20 2020-21
Actual Actual Budget Estimate Approved
BEGINNING FUND BALANCE: 17,500,237 5,201,059 5,773,970 5,773,970 6,158,225

OPERATING REVENUE:
Sales Tax 4,256,509 4,393,875 4,402,073 3,872,769 3,653,721
Interest Income 179,326 144,127 125,000 104,318 110,000
Miscellaneous 16,930,000 4,232,422 - 1,409,926 -
Total Operating Revenue 21,365,834 8,770,425 4,527,073 5,387,012 3,763,721

TRANSFERS IN: 627,905 - - - -

TOTAL REVENUE AND TRANSFERS 21,993,739 8,770,425 4,527,073 5,387,012 3,763,721

OPERATING EXPENDITURES:
Personnel Services 487,265 512,099 523,466 523,165 533,637
Supplies 6,678 9,233 6,300 26,376 5,600
Maintenance - 6,712 - 16,132 -
Services 1,098,204 707,735 2,231,816 2,672,874 1,481,620
Insurance - 66,293 58,097 56,816 51,141
Debt Service 17,212,082 - - - -
Total Operating Expenditures 18,804,229 1,302,072 2,819,679 3,295,363 2,071,998
TRANSFERS OUT 14,591,741 1,736,070 1,707,394 1,707,394 1,691,723

TOTAL EXPENDITURES AND TRANSFERS 33,395,970 3,038,142 4,527,073 5,002,757 3,763,721
SURPLUS / (DEFICIT) (11,402,231) 5,732,283 - 384,255 -

ENDING FUND BALANCE AVAILABLE: 5,201,059 5,773,970 5,773,970 6,158,225 6,158,225

181