Page 198 - Grapevine Budget FY21

Utility costs for FY21 are budgeted at $859,000 and represent a decrease of $21,000 from the
previous year’s budget. Estimated utility expenses in FY20 were $712,617 and represent an
increase of 14% from FY19.

ENTERPRISE FUND FY-2015 FY-2016 FY-2017 FY-2018 FY-2019 FY-2020
UTILITY COSTS

Utility Fund $724,446 $649,927 $585,866 $501,387 $457,650 $513,244
Golf Fund $179,992 $194,486 $237,559 $283,772 $166,240 $199,373
Total $904,438 $844,413 $823,425 $785,159 $623,890 $712,617
Increase / (Decrease) $33,811 ($60,025) ($20,988) ($38,266) ($161,269) $88,727
% Change 4% -7% -2% -5% -21% 14%

Transfers Out are budgeted at $1.92 million and is comprised of the 7.5% administrative fee to the
General fund ($1,817,850 from Utility and $108,000 from Golf). Estimated expenditures in FY20
total $1.8 million and represent a decrease of 73% from the previous year as FY19 included an
operating transfer of $5,084,734 to the Water & Sewer CIP fund and $1 million from the Utility
Enterprise fund to the Economic Development fund.

ENTERPRISE FUND FY-2015 FY-2016 FY-2017 FY-2018 FY-2019 FY-2020
OPERATING TRANSFERS OUT
See Note '(1) See Note '(2)
Utility Fund $1,587,535 $1,672,193 $3,826,308 $8,003,880 $6,843,710 $1,732,747
Golf Fund $75,709 $98,831 $108,147 $107,254 $106,997 $111,463
Total $1,663,244 $1,771,023 $3,934,456 $8,111,134 $6,950,707 $1,844,210

Increase / (Decrease) ($42,862) $107,779 $2,163,432 $4,176,678 ($1,160,427) ($5,106,497)
% Change -2.5% 6.5% 122.2% 106.2% -14.3% -73.5%
(1) FY-2018 Includes a one-time transfer of $5,084,734 to the Water / Wastewater Capital Projects (CIP) Fund and a one-time
(1)
transfer of $1,000,000 to the Convention and Visitors Fund
(2) FY-2019 Includes a one-time transfer of $5 million to the General Facilities Capital Projects (CIP) Fund in support of the
(1) Harvest Hall project.

Debt Service expenditures are budgeted at $1.1 million, a decrease of $441,000 (28%) from the
previous year. Debt service expenditures are comprised of principal and interest payments on
outstanding waterworks and sewer revenue bonds, principal and interest payments on outstanding
golf course certificates of obligation, paying agent fees, bond issuance costs, and arbitrage fees (if
applicable).

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