Page 34 - Grapevine FY23 Adopted Budget (1)

Revenue and Other Financing Sources

Total City revenue (all funding
sources) is budgeted at $194.8
million, a decrease of $10.2
million (5%) from the previous
year’s estimates. General
Government revenue is projected
to decrease by $5 million over
the prior year as both sales tax
and mixed beverage tax
collections are projected to
decrease slightly. Ad Valorem
tax collections in the Debt
Service fund increase 1%
($188,544) from the prior year.
Special Revenue fund segments are projecting revenue decreases of $3.2 million (5%) due to
moderating hotel occupancy tax collections. Enterprise fund revenue is projected to decrease $2
million (7%) over last year’s estimates based on projected water and wastewater revenue and rounds
of golf played.

Taxes (Ad Valorem, Sales & Use, Mixed Beverage, and Hotel Occupancy) comprise the largest
revenue stream at $114.7 million (59%) and represent an increase of $12.2 million from the prior
year. Sales & Use taxes, the largest component, are budgeted at $68.9 million, of which $35.5
million is in the General Government sector and $33.4 million is in the Special Revenue sector.

Charges for Services are the second largest revenue stream at $54.7 million (28%) and represent an
increase of $12.2 million from the previous year. General Government charges are projected at $9.7
million. Special Revenue charges are projected at $12.8 million and Enterprise Fund charges are
projected at $32.2 million.

Transfers In are the third largest revenue stream at $13.2 million (7%) and represent an increase of
$1.2 million from the previous year, due to increases in operating transfers to the General fund.

Revenue for each governmental fund type will be discussed in depth in its respective section of this
document.

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