Page 213 - Grapevine FY23 Adopted Budget (1)

Utility costs for FY23 are budgeted at $1 million and represent an increase of $129,556 (15%) from
the previous year’s budget. Estimated utility expenses in FY22 were $1.3 million and represent an
increase of 34% from FY21.

ENTERPRISE FUND FY-2017 FY-2018 FY-2019 FY-2020 FY-2021 FY-2022
UTILITY COSTS

Utility Fund $585,866 $501,387 $457,650 $513,244 $743,155 $1,028,781
Golf Fund $237,559 $283,772 $166,240 $199,373 $245,490 $299,500
Total $823,425 $785,159 $623,890 $712,617 $988,645 $1,328,281

Increase / (Decrease) ($20,988) ($38,266) ($161,269) $88,727 $276,028 $339,636
% Change -2% -5% -21% 14% 39% 34%

Transfers Out are budgeted at $1.8 million and is comprised of the 7.5% administrative fee to the
General fund ($1,773,396 from Utility and $125,000 from Golf). Estimated expenditures in FY22
total $1.5 million and represent a decrease of 18% from the previous year.

ENTERPRISE FUND FY-2017 FY-2018 FY-2019 FY-2020 FY-2021 FY-2022
OPERATING TRANSFERS OUT

Utility Fund $3,826,308 $8,003,880 $1,343,444 $1,885,149 $1,817,850 $1,476,709
Golf Fund $108,147 $107,254 $86,377 $111,463 $134,992 $118,452
Total $3,934,456 $8,111,134 $1,429,821 $1,996,612 $1,952,842 $1,595,161

Increase / (Decrease) $2,163,432 $4,176,678 ($6,681,313) $566,791 ($43,770) ($357,681)
% Change 122.2% 106.2% -82.4% 39.6% -2.2% -18.3%

(1) FY-2018 Includes a one-time transfer of $5,084,734 to the Water / Wastewater Capital Projects (CIP) Fund and a one-time
(1) transfer of $1,000,000 to the Convention and Visitors Fund

Debt Service expenditures are budgeted at $664,919, a decrease of $5,819 (.9%) from the previous
year. Debt service expenditures are comprised of principal and interest payments on outstanding
waterworks and sewer revenue bonds, principal and interest payments on outstanding golf course
certificates of obligation, paying agent fees, bond issuance costs, and arbitrage fees (if applicable).

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