Page 198 - Grapevine FY22 Adopted Budget v2

FY 2021-22 APPROVED OPERATING BUDGET
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
ECONOMIC DEVELOPMENT FUND (122, 124)

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

BEGINNING FUND BALANCE: 6,098,006 6,671,014 7,055,268 7,055,268 7,845,259

OPERATING REVENUE:

Sales Tax 4,393,875 3,872,769 3,653,721 4,699,128 3,643,448

Interest Income 144,127 104,318 110,000 9,050 110,000

Miscellaneous 4,232,422 1,409,926 - 440,545 -

Total Operating Revenue 8,770,425 5,387,013 3,763,721 5,125,742 3,753,448
TRANSFERS IN: - - - 22,981 -

TOTAL REVENUE AND TRANSFERS 8,770,425 5,387,013 3,763,721 5,148,723 3,753,448
OPERATING EXPENDITURES:

Personnel Services 512,099 523,166 533,637 375,901 416,902

Supplies 9,233 26,376 5,600 1,840 5,600

Maintenance 6,712 16,132 - - -

Services 707,637 2,672,875 1,481,620 1,914,404 1,568,716

Insurance 66,293 56,816 51,141 51,022 81,827

Debt Service - - - - -

Total Operating Expenditures 1,301,974 3,295,365 2,071,998 2,343,167 2,073,045
CAPITAL OUTLAY - - - - -
TRANSFERS OUT:

Transfer to General Fund - Admin Fee 339,626 306,000 291,204 353,046 281,509
Transfer to Economic Development Fund - - -

Transfer to Debt Service Fund 1,396,444 1,401,394 1,400,519 1,400,519 1,398,894

Transfer to Streets Fund - - 262,000 -
Total Transfers Out 1,736,070 1,707,394 1,691,723 2,015,565 1,680,403

TOTAL EXPENDITURES AND TRANSFERS 3,038,044 5,002,759 3,763,721 4,358,732 3,753,448

SURPLUS / (DEFICIT) 5,732,381 384,254 - 789,991 -

ENDING FUND BALANCE AVAILABLE: 6,671,014 7,055,268 7,055,268 7,845,259 7,845,259

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