Page 74 - Grapevine FY23 Adopted Budget (1)
P. 74
FY 2022-23 APPROVED OPERATING BUDGET
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
GENERAL FUND
2019-20 2020-21 2021-22 2021-22 2022-23
Actual Actual Budget Estimate Approved
BEGINNING FUND BALANCE: 13,705,470 11,574,295 11,582,854 11,582,854 20,897,283
OPERATING REVENUE:
Ad Valorem Taxes 12,740,172 13,521,636 14,135,767 14,125,716 14,630,519
Sales Taxes 25,758,869 28,590,889 29,147,580 35,092,347 33,400,000
Mixed Beverage Taxes 1,477,422 1,793,124 2,057,000 1,949,048 2,157,000
Franchise Fees 6,216,567 5,858,497 6,216,567 5,823,151 6,025,000
Licenses & Permits 1,385,370 1,472,258 1,624,796 1,351,883 1,609,746
Charges for Services 7,848,563 8,199,050 9,294,760 7,677,525 9,747,281
Intergovernmental 331,383 3,990,496 344,094 3,544,210 344,094
Fines and Forfeitures 1,026,561 967,554 1,178,550 1,080,244 1,018,300
Miscellaneous 1,680,104 2,261,365 1,066,800 3,580,083 959,600
Total Operating Revenue 58,465,011 66,654,869 65,065,914 74,224,207 69,891,540
TRANSFERS IN:
Admin. Fee - Utility Fund 1,866,000 1,817,850 1,694,663 1,476,709 1,773,038
Admin. Fee - CVB Fund 1,455,526 1,213,537 1,255,274 1,096,429 1,549,798
Admin. Fee - Golf Fund 111,463 134,992 124,370 118,452 125,000
Administrative Fee - SDUS Fund 112,000 108,750 107,775 89,008 109,013
Administrative Fee - 4B Fund 306,000 353,046 281,509 354,013 313,875
Transfers In - Special Revenue Fund 27,374 244,134 - - -
Total Transfers In 7,988,070 3,872,309 3,463,591 3,134,611 3,870,724
TOTAL REVENUE AND TRANSFERS 66,453,079 70,527,178 68,529,505 77,358,818 73,762,264
OPERATING EXPENDITURES:
Personnel 34,151,272 34,415,045 34,878,522 35,481,398 37,386,031
Supplies 2,997,950 2,992,663 3,269,131 3,131,389 3,581,056
Maintenance 1,228,508 1,487,167 1,569,428 1,599,781 2,357,226
Services 13,341,686 12,878,971 12,521,093 13,727,314 13,570,905
Capital Outlay 835,033 85,576 115,000 606,327 149,500
Insurance 9,021,298 8,675,693 9,603,341 7,566,440 10,557,971
Total Operating Expenditures 61,575,747 60,535,115 61,956,515 62,112,649 67,602,689
TRANSFERS OUT:
To Permanent Capital Maintenance 3,279,000 - 1,640,000 1,640,000 1,640,000
To Capital Equipment Acquisition Fund 830,004 - - - -
To Crime Control & Prevention District Fund 3,406,824 5,513,302 4,291,740 4,291,740 4,519,575
To Lake Parks Fund - 4,463,346 - - -
Total Transfers Out 7,515,828 9,983,504 5,931,740 5,931,740 6,159,575
TOTAL EXPENDITURES AND TRANSFERS 69,091,575 70,518,619 67,888,255 68,044,389 73,762,264
SURPLUS (DEFICIT) (2,638,497) 8,559 641,250 9,314,429 -
ENDING FUND BALANCE: 11,574,295 11,582,854 12,224,104 20,897,283 20,897,283
FUND BALANCE REQUIREMENT: 12,315,149 12,107,023 12,391,303 12,422,530 13,520,538
* Fund balance requirement is 20% of total budgeted expenditures (72 days of operation).
The FY 2022-23 projected Ending Fund Balance represents 31% of total budgeted expenditures (113 days of operation).
74
