Page 167 - Grapevine FY22 Adopted Budget v2

FY 2021-22 APPROVED OPERATING BUDGET
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
STORMWATER DRAINAGE UTILITY FUND

2018-19 2019-20 2020-21 2020-21 2021-22
Actual Actual Budget Estimate Approved

BEGINNING FUND BALANCE: 1,860,977 1,989,073 1,769,375 1,769,375 1,586,479

OPERATING REVENUE:

Drainage Utility Fees 1,571,370 1,491,696 1,420,000 1,504,793 1,436,500

Interest Income 25,969 15,620 30,000 1,409 15,000

Interest Income - 2000 C.O. 8,017 2,852 - - 2,000
Miscellaneous 1,302 38,396 - 449 -

Total Operating Revenue 1,606,659 1,548,564 1,450,000 1,506,651 1,453,500
TRANSFERS IN: - - - - -

TOTAL REVENUE AND TRANSFERS 1,606,659 1,548,564 1,450,000 1,506,651 1,453,500
OPERATING EXPENDITURES:

Personnel 509,937 527,598 544,184 561,866 575,368

Supplies 21,894 23,974 29,700 18,574 29,700

Maintenance 138,868 173,926 125,000 89,536 125,000

Services 198,377 161,591 206,792 213,709 217,580

Insurance 159,824 192,370 120,166 116,862 185,765

Capital Outlay 342,343 572,062 210,000 580,614 210,000
Total Operating Expenditures 1,371,243 1,651,521 1,235,842 1,581,161 1,343,413

TRANSFERS OUT:

Transfer to General Fund - Admin Fee 112,059 112,000 108,750 108,386 107,775
Total Transfers Out 112,059 112,000 108,750 108,386 107,775

TOTAL EXPENDITURES AND TRANSFERS 1,483,302 1,763,521 1,344,592 1,689,547 1,451,188
SURPLUS / (DEFICIT) 123,357 (214,957) 105,408 (182,896) 2,312

ENDING FUND BALANCE: 1,989,073 1,769,375 1,874,783 1,586,479 1,588,791

FUND BALANCE REQUIREMENT: 243,262 289,217 220,513 277,086 237,995

* Fund balance requirement is 16.4% of total budgeted expenditures (60 days of operation).
The FY 2021-22 projected Ending Fund Balance represents 432 days of operation.

167