Page 47 - Grapevine FY23 Adopted Budget (1)
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The Government Finance Officers Association (GFOA) recommends the use of outstanding debt
indicators to accurately capture the unfunded obligation to be repaid from general revenues. The
City’s net direct debt per capita is the amount of governmental debt outstanding for each citizen
of Grapevine. This allows for a valid comparison among cities of different sizes. Direct debt
includes all long-term obligations directly supported by general revenues and taxes. It does not
include interest expenses. Grapevine’s net debt per capita is calculated at $2,807.42 (based on an
estimated population of 55,780) and represents an increase of $547.33 (24.2%) from the previous
year’s calculation of $2,260.08. A table of previous years’ net direct debt per capita is shown
below.
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