Page 58 - Grapevine FY23 Adopted Budget (1)
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Fund Balance Summary
The General and Debt Service funds each have a fund balance requirement of 20% of net
operating expenditures, the equivalent of 72 days of operations. The General fund meets the
balance requirement each of the three years, with funds in excess of the 20% requirement
transferred to other funds such as the QOL fund. The Debt Service fund also exceeds the 20%
requirement each of the three years. The Capital / Street Maintenance fund does not currently
have a fund balance requirement, as its sole sources of revenue are operating transfers and
interest earnings.
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