Page 144 - Grapevine FY22 Adopted Budget v2

Revenue and Other Financing Sources

Special Revenue funds are projected to generate $61.3 million in revenue for FY22, an increase of
$2.8 million (5%) from the previous year’s budget. Revenue in the Convention & Visitors fund,
the largest of the category, is budgeted at $19.3 million and represents a decrease of $264,000 from
the previous budget year.

Sales Taxes represent the largest revenue stream at 48% of total revenues. Sales taxes are
budgeted at $29.1 million, split between the CCPD, 4B Transit, and Economic Development funds.
Collections in FY21 were $28.3 million, and represented an increase of 12% from the prior year.
In the 4B Transit fund, 3/8-cent of collections are remitted to Trinity Metro in support of commuter
rail.

SALES TAXES FY-2016 FY-2017 FY-2018 FY-2019 FY-2020 FY-2021
SPECIAL REVENUE FUNDS

4B Transit (3/8 cent) $9,881,507 $9,408,363 $9,815,379 $10,746,439 $8,978,634 $9,584,397
Economic Devl (1/8 cent) $4,170,133 $4,062,180 $4,256,509 $4,393,875 $3,872,769 $4,699,128
CCPD (1/2 cent) $13,517,360 $13,229,439 $13,670,499 $14,563,884 $12,501,687 $14,039,776
Collections $27,569,000 $26,699,982 $27,742,387 $29,704,198 $25,353,090 $28,323,301
Increase / (Decrease) $816,187 ($869,018) $1,042,405 $1,961,811 ($4,351,108) $2,970,211
% Change 3% -3% 4% 7% -15% 12%

Occupancy Taxes are obtained through the assessment of a 7% tax levy to the rental rate of hotel
and motel rooms within the City. Funds generated by the occupancy tax are required to be used
in a manner that directly enhances and promotes tourism and the convention and hotel industry.
Occupancy taxes are budgeted at $14.6 million ($274,000 increase) for FY22 and are the second
largest source of revenue at 24%. FY21 collections are estimated at $12.6 million and represent
an 8% increase from the previous year. The City collects occupancy taxes from twenty-one
properties within its jurisdiction with a combined capacity of 6,022 rooms.

OCCUPANCY FY-2016 FY-2017 FY-2018 FY-2019 FY-2020 FY-2021
TAXES

Collections $18,963,787 $18,800,655 $19,870,081 $20,767,276 $11,721,334 $12,616,119
Increase / (Decrease) $867,279 ($163,133) $1,069,426 $897,195 ($8,148,747) $894,785
% Change 5% -1% 6% 5% -41% 8%

Charges for Services includes revenue from Grapevine Vintage Railroad operations, facility rental
fees, food, beverage and merchandise sales, stormwater drainage fees, recreation and camping fees,
and the Grapevine Visitor Shuttle. Revenue in this category is budgeted at $11.8 million for FY22,
down $218,000 from the previous year. Revenue from festivals is projected at $3.1 million. The
Grapevine Vintage Railroad is projected to generate $2.6 million in revenue. Facility rental
income is budgeted at $873,000, an increase of 15% from the previous year.

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