Page 41 - Grapevine Budget FY21

Revenue and Other Financing Sources

Total City revenue (all
funding sources) is budgeted at
$166 million, a decrease of
$18 million (-9.8%) from the
previous year. General
Government revenue is
projected to decrease by $9
million over the prior year as
both sales tax and mixed
beverage tax collections
continue to be impacted by the
pandemic. Ad Valorem tax
collections in the Debt Service
fund remain virtually
unchanged from the prior year. Special Revenue fund segments are projecting a revenue decrease
of $8 million (-12%) due to significant declines in sales tax and hotel occupancy tax receipts.
Enterprise fund revenue is projected to increase by $176,000 based on projected water and
wastewater revenue and rounds of golf played.

Taxes (Ad Valorem, Sales & Use, Mixed Beverage, and Hotel Occupancy) comprise the largest
revenue stream at $92.5 million and represent a decrease of $15.2 million (-15%) from the prior year.
Sales & Use taxes, the largest component, are budgeted at $51.5 million, of which $26.5 million is
in the General Government sector and $25 million is in the Special Revenue sector.

Charges for Services are the second largest revenue stream at $48 million (25%) and represent an
increase of $1.7 million from the previous year. General Government charges are projected at $9
million. Special Revenue charges are projected at $12.1 million and Enterprise Fund charges are
projected at $26.7 million.

Transfers In are the third largest revenue stream at $12.4 million (7.6%) and represent a decrease of
$1.6 million from the previous year, due to a reduction of operating transfers from the General fund.

Revenue for each governmental fund type will be discussed in depth in its respective section of this
document.

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