Page 22 - Grapevine FY22 Adopted Budget v2

1. General Government Funds - Includes the General, Debt Service, and Capital / Street
Maintenance funds. The General fund is the general operating fund of the City. It is used to
account for all revenues and expenditures except those required to be accounted for in other
funds. Major functions financed by the general fund include Administration, Public Safety,
Library, Public Facilities, Parks and Recreation, and Planning and Development. The Debt
Service fund is used to account for the accumulation of resources for, and the payment of, general
long-term debt principal, interest and related costs.

2. Special Revenue Funds - Special Revenue funds are used to account for the proceeds of specific
revenue sources, other than expendable trusts or major capital projects. The Convention and
Visitors Bureau (CVB) Fund, CVB Incentives Fund, Stormwater Drainage Utility Fund, Crime
Control and Prevention Fund, Lake Parks Fund and 4B Transit & Capital Fund, and the
Economic Development Fund, which account for all revenues and expenditures relating to
hotel/motel occupancy taxes, stormwater drainage utility fees, crime half-cent sales tax for crime
control, campgrounds and boat ramps, and half-cent sales tax for commuter rail, respectively,
are classified as Special Revenue funds.

Proprietary Fund Types

Proprietary fund types operate in a manner similar to private business.

Enterprise Funds - Enterprise funds are used to account for operations that are either financed and
operated in a manner similar to private business enterprises, or where the governing body has decided
that periodic determination of revenues earned, expenses incurred, and/or net income is appropriate
for capital maintenance, public policy, management control, accountability or other purposes. The
City has established two enterprise funds:

 The Utility Enterprise Fund accounts for water, wastewater and solid waste collection
services for residents of the City. All activities necessary to provide such services are
accounted for within the fund, including administration, operations, maintenance, financing
and related debt service, and billing and collection.

 The Lake Enterprise Fund accounts for all activities necessary to operate and maintain the
City-owned golf course.

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