Page 59 - Grapevine FY23 Adopted Budget (1)

Summaries for the three funds that comprise the General Government Funds group are as follows:

LONG-RANGE FINANCIAL FORECAST - GENERAL FUND
2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026
Actual Estimated Approved Projected Projected Projected

REVENUE AND OTHER FUNDING SOURCES
Taxes 43,905,649 51,420,399 50,187,519 51,944,082 53,762,125 55,643,799
Licenses, Fees & Permits 7,330,755 6,956,339 7,634,746 7,711,093 7,788,204 7,866,086
Fines, Forfeitures & Charges for Services 9,166,604 8,757,769 10,765,581 11,185,439 11,621,671 12,074,916
Transfers In 3,872,309 3,134,611 3,870,724 4,006,199 4,146,416 4,291,541
Interest & Miscellaneous 6,251,861 7,089,700 1,303,694 1,329,768 1,356,363 1,383,491
TOTAL SOURCES OF FUNDS 70,527,178 77,358,818 73,762,264 76,176,582 78,674,780 81,259,833

EXPENDITURES AND OTHER FUNDING USES
Personnel 34,415,045 35,341,452 37,386,031 38,881,472 40,436,731 42,054,200
Supplies, Maintenance & Services 17,358,801 19,663,801 19,509,187 20,094,463 20,697,296 21,318,215
Capital / Street Maintenance & Outlays 85,576 606,327 149,500 100,000 100,000 100,000
Insurance 8,675,693 6,501,069 10,557,971 11,191,449 11,862,936 12,574,712
Transfers Out 9,983,504 5,931,740 6,159,575 6,282,767 6,408,422 6,536,590
TOTAL USES OF FUNDS 70,518,619 68,044,389 73,762,264 76,550,151 79,505,386 82,583,718

NET CHANGE IN FUND BALANCE 8,559 9,314,429 0 (373,569) (830,606) (1,323,885)

BEGINNING FUND BALANCE 11,574,295 11,582,854 20,897,283 20,897,283 20,523,714 19,693,108

ENDING FUND BALANCE 11,582,854 20,897,283 20,897,283 20,523,714 19,693,108 18,369,223

FUND BALANCE REQUIREMENT 12,107,023 12,422,530 13,520,538 13,860,963 14,419,127 15,001,077

PERCENTAGE OF COVERAGE 20% 34% 31% 29% 27% 24%

59