Page 207 - Grapevine FY22 Adopted Budget v2

Utility costs for FY22 are budgeted at $880,220 and represent an increase of $48,000 (6%) from
the previous year’s budget. Estimated utility expenses in FY21 were $988,645 and represent an
increase of 39% from FY20.

ENTERPRISE FUND FY-2016 FY-2017 FY-2018 FY-2019 FY-2020 FY-2021
UTILITY COSTS

Utility Fund $649,927 $585,866 $501,387 $457,650 $513,244 $743,155
Golf Fund $194,486 $237,559 $283,772 $166,240 $199,373 $245,490
Total $844,413 $823,425 $785,159 $623,890 $712,617 $988,645

Increase / (Decrease) ($60,025) ($20,988) ($38,266) ($161,269) $88,727 $276,028
% Change -7% -2% -5% -21% 14% 39%

Transfers Out are budgeted at $1.8 million and is comprised of the 7.5% administrative fee to the
General fund ($1,694,663 from Utility and $124,370 from Golf). Estimated expenditures in FY21
total $1.8 million and represent a decrease of 5.3% from the previous year.

ENTERPRISE FUND FY-2016 FY-2017 FY-2018 FY-2019 FY-2020 FY-2021
OPERATING TRANSFERS OUT

Utility Fund $1,672,193 $3,826,308 $8,003,880 $1,343,444 $1,885,149 $1,755,683
Golf Fund $98,831 $108,147 $107,254 $86,377 $111,463 $134,992
Total $1,771,023 $3,934,456 $8,111,134 $1,429,821 $1,996,612 $1,890,675

Increase / (Decrease) $107,779 $2,163,432 $4,176,678 ($6,681,313) $566,791 ($105,937)
% Change 6.5% 122.2% 106.2% -82.4% 39.6% -5.3%

(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

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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