Page 63 - Grapevine FY22 Adopted Budget v2

Summaries for the three funds that comprise the General Government Funds group are as follows:

LONG-RANGE FINANCIAL FORECAST - GENERAL FUND
2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025
Actual Estimated Approved Projected Projected Projected

REVENUE AND OTHER FUNDING SOURCES
Taxes 39,976,463 43,936,969 45,340,347 47,000,000 48,410,000 49,862,300
Licenses, Fees & Permits 7,601,937 7,321,141 7,841,363 8,350,000 8,375,000 8,400,000
Fines, Forfeitures & Charges for Services 8,874,686 9,728,700 10,473,310 10,900,000 11,325,100 11,800,000
Transfers In 7,988,070 3,872,936 3,463,591 3,584,817 3,800,000 3,933,000
Interest & Miscellaneous 2,011,923 4,835,768 1,410,894 2,250,000 2,235,000 2,235,000
TOTAL SOURCES OF FUNDS 66,453,079 69,695,514 68,529,505 72,084,817 74,145,100 76,230,300

EXPENDITURES AND OTHER FUNDING USES
Personnel 34,151,272 34,340,657 34,878,522 35,837,681 36,500,000 37,500,000
Supplies, Maintenance & Services 17,568,144 17,257,449 17,359,652 17,880,442 18,000,000 18,500,000
Capital / Street Maintenance & Outlays 835,033 112,691 115,000 100,000 100,000 100,000
Insurance 9,021,298 7,898,750 9,603,341 9,700,000 9,800,000 10,000,000
Transfers Out 7,515,828 5,370,748 5,931,740 9,850,000 9,900,000 9,900,000
TOTAL USES OF FUNDS 69,091,575 64,980,295 67,888,255 73,368,123 74,300,000 76,000,000

NET CHANGE IN FUND BALANCE (2,638,496) 4,715,219 641,250 (1,283,306) (154,900) 230,300

BEGINNING FUND BALANCE 12,185,859 9,547,363 14,262,582 14,903,832 13,620,526 13,465,626

ENDING FUND BALANCE 9,547,363 14,262,582 14,903,832 13,620,526 13,465,626 13,695,926

FUND BALANCE REQUIREMENT 12,315,149 11,921,909 12,391,303 12,529,602 12,703,562 13,038,904

PERCENTAGE OF COVERAGE 16% 24% 24% 21% 21% 21%

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