Page 76 - Grapevine FY22 Adopted Budget v2

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

Capital Maintenance 1,646,000 1,646,000 1,322,500 1,510,000 1,779,000 -
Street Maintenance 1,633,000 1,633,000 1,322,500 1,510,000 1,500,000 -
CIP / Quality of Life 3,000,000 3,000,000 3,000,000 3,000,000 - -
Equipment Acquisition 1,906,099 982,000 - 3,200,000 830,004 -
CCPD Fund - 200,000 2,235,000 3,056,630 3,406,824 5,363,892

Total Transfers Out $8,884,535 $7,461,000 $8,454,200 $12,276,630 $7,515,828 $5,363,892
Increase / (Decrease) $665,448 ($1,423,535) $993,200 $3,822,430 ($4,760,802) ($2,151,936)
% Change 8% -16% 13% 45% -39% -29%

Debt Service is budgeted at $14.7 million, and represents a decrease of $1.2 million (8%) from the
previous year. Actual expenditures in FY21 totaled $15.9 million and represented an increase of
$287,980 (1.8%) from the previous year. Debt service costs represent 18% of General
Government expenditures.

DEBT SERVICE FY-2016 FY-2017 FY-2018 FY-2019 FY-2020 FY-2021
Principal & Interest Payments

General Obligation $13,087,895 $11,674,025 $10,335,020 $9,722,770 $11,257,383 $10,665,083
Certificates of Obligation $3,750,785 $4,061,585 $4,524,603 $4,121,339 $2,335,488 $3,830,481
Tax Notes Payable $640,822 $677,275 $760,718 $2,893,797 $2,113,019 $1,498,306
Total $17,479,502 $16,412,885 $15,620,341 $16,737,906 $15,705,890 $15,993,870
Increase / (Decrease) $1,841,663 ($1,066,617) ($792,544) $1,117,565 ($1,032,016) $287,980
% Change 11.8% -6.1% -4.8% 7.2% -6.2% 1.8%

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