Page 39 - Grapevine FY22 Adopted Budget v2

Total Fund Balance
All Budgeted Funds, as of September 30

$75,000,000

$60,000,000
$45,000,000

$30,000,000

$15,000,000

$0
2017 2018 2019 2020 2021 2022
$52,966,679 $66,080,625 $58,373,744 $59,455,047 $66,723,169 $68,974,488

Note: The totals for years 2017 through 2020 are actual (audited); the total for 2021 is estimated;
and the total for year 2022 is projected.

Fund Balances

The total citywide balance of all budgeted funds on October 1 is estimated at 66.7 million, an increase
of $7.2 million from the previous year’s total of $59.5 million. The increase is directly attributed to
revenues returning to pre-pandemic levels as sales tax and occupancy tax receipts return to FY19
levels.

The gain in the General fund for FY21 was $4.7 million, in which most of the loss was in sales tax
revenue. The fund balance for the Convention and Visitors Bureau increased by $612,000, as the
return of both Main Street Days and GrapeFest festivals (albeit in a limited format) equated to
revenue increases. The Convention and Leisure Incentives fund incurred a decrease in fund balance
of $808,000 (-16%) as large conferences continue to offer virtual options.

The Crime Control and Prevention District fund incurred an increase of $1.3 million in FY21 due to
the rebound in sales tax revenue. The Lake Parks fund incurred a slight increase fund balance of
$33,000 as the Vineyards Campground and Cabins reopened to the public.

The total citywide ending fund balance projected at FY22 year-end is $68.9 million, an increase of
$2.2 million (3.4%). Decreases in the balances of the Convention & Visitors, Convention Leisure
Incentives, and Capital/Street Maintenance funds.

The Convention Leisure Incentives fund is the only one to project a decline in fund balance for
FY22.

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