Page 170 - Grapevine FY23 Adopted Budget (1)

FY 2022-23 APPROVED OPERATING BUDGET
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES I
STORMWATER DRAINAGE UTILITY FUND

2019-20 2020-21 2021-22 2021-22 2022-23
Actual Actual Budget Estimate Approved

BEGINNING FUND BALANCE: 1,989,073 1,769,375 1,582,827 1,582,827 1,180,575

OPERATING REVENUE:
Drainage Utility Fees 1,491,696 1,504,793 1,436,500 1,456,477 1,475,000
Interest Income 15,620 1,223 15,000 4,160 15,000

Interest Income - 2000 C.O. 2,852 196 2,000 1,286 2,000

Miscellaneous 38,396 449 - 1,050 -
Total Operating Revenue 1,548,564 1,506,660 1,453,500 1,462,973 1,492,000
TRANSFERS IN: - - -

TOTAL REVENUE AND TRANSFERS 1,548,564 1,506,660 1,453,500 1,462,973 1,492,000
OPERATING EXPENDITURES:

Personnel 527,598 565,161 575,368 538,998 605,357

Supplies 23,974 18,574 29,700 21,310 35,700

Maintenance 173,926 89,536 125,000 212,827 125,000

Services 161,591 213,709 217,580 122,399 217,840
Insurance 192,370 116,862 185,765 180,574 193,799

Capital Outlay 572,062 580,614 210,000 700,109 210,000
Total Operating Expenditures 1,651,521 1,584,456 1,343,413 1,776,217 1,387,696
TRANSFERS OUT:

Transfer to General Fund - Admin Fee 112,000 108,750 107,775 89,008 109,013

Total Transfers Out 112,000 108,750 107,775 89,008 109,013
TOTAL EXPENDITURES AND TRANSFERS 1,763,521 1,693,206 1,451,188 1,865,225 1,496,709

SURPLUS / (DEFICIT) (214,957) (186,546) 2,312 (402,252) (4,709)

ENDING FUND BALANCE: 1,769,375 1,582,827 1,585,139 1,180,575 1,175,866

FUND BALANCE REQUIREMENT: 289,217 277,686 237,995 305,897 245,460
* Fund balance requirement is 16.4% of total budgeted expenditures (60 days of operation).
The FY 2022-23 projected Ending Fund Balance represents 309 days of operation.

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