Page 150 - GrapevineFY24 Adopted Budget

Supplies are budgeted at $1.7 Convention & Visitors $706,450 39.9%
million for FY24, $260,000 more
than the previous year. CVB Incentives $0 0.0%
Expenditures in FY23 are Stormwater Drainage $35,700 2.0%
estimated at $1.45 million and Crime Control & Prevention $758,910 42.9%
represent an increase of $250,000 Economic Development $12,900 0.7%
from the previous year. Supplies Lake Parks $255,000 14.4%
represent 2% of Special Revenue Total $1,768,960 100.0%
Fund expenditures, the same as the
previous budget year.

Services are budgeted at $23 Convention & Visitors $12,185,882 52.6%
million for FY24 and represent an CVB Incentives $4,980,602 21.5%
increase of $2.1 million (10%) Stormwater Drainage $220,165 1.0%
from the previous budget year.
Expenditures in the Convention & Crime Control & Prevention $2,282,540 9.9%
Visitors fund are budgeted at $12.1 Lake Parks $1,619,423 7.0%
million and represent 52% of the Economic Development $1,862,656 8.0%
total. Expenditures for services in Total $23,151,268 100.0%
the CCPD fund are budgeted at
$2.2 million and are primarily comprised of charges for fleet maintenance charges, and technology
charges. Total expenditures for services in FY23 were $19 million. Services represent 31% of
Special Revenue Fund expenditures.

Insurance charges are budgeted at Convention & Visitors $1,764,349 28.2%
$5.3 million and represents a Stormwater Drainage $224,346 3.6%
$658,000 increase from the Crime Control & Prevention $4,029,571 64.5%
previous budget year. This
category includes employee Economic Development $52,793 0.8%
health/life/dental costs as well as Lake Parks $176,487 2.8%
property and casualty costs. Total $6,247,546 100.0%
Beginning in FY19, the allocation also included costs for retiree coverage for each respective
operating fund.

Transfers Out are budgeted at $4.8 Convention & Visitors $2,579,155 53.2%
million and represent a $300,000 Stormwater Drainage $110,025 2.3%
increase from the previous budget Economic Development $1,749,731 36.1%
year. Expenditures in this category 4B Transit $409,163 8.4%
primarily consist of administrative
fee payments to the General fund in Total $4,848,074 100.0%
lieu of taxes. Other transfers include principal and interest payments to the Debt Service fund and
funding for the CVB’s visitor shuttle service. Actual expenditures in FY23 totaled $4.5 million.
Transfers represent 7% of Special Revenue Fund expenditures.

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