Page 171 - GrapevineFY24 Adopted Budget
P. 171
FY 2023-24 APPROVED OPERATING BUDGET
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
STORMWATER DRAINAGE UTILITY FUND
2020-21 2021-22 2022-23 2022-23 2023-24
Actual Actual Budget Estimate Approved
BEGINNING FUND BALANCE: 1,769,375 1,582,827 1,428,761 1,428,761 1,408,455
OPERATING REVENUE:
Drainage Utility Fees 1,504,793 1,516,846 1,479,709 1,461,485 1,535,532
Interest Income 1,223 8,401 15,000 39,695 15,000
Interest Income - 2000 C.O. 196 1,748 2,000 10,540 2,000
Miscellaneous 449 1,050 - - -
Total Operating Revenue 1,506,660 1,528,045 1,496,709 1,511,720 1,552,532
TOTAL REVENUE AND TRANSFERS 1,506,660 1,528,045 1,496,709 1,511,720 1,552,532
OPERATING EXPENDITURES:
Personnel 565,161 542,446 605,357 604,146 627,296
Supplies 18,574 21,310 35,700 33,334 35,700
Maintenance 89,536 200,844 125,000 124,750 125,000
Services 213,709 14,389 217,840 267,183 220,165
Insurance 116,862 180,574 193,799 192,449 224,346
Capital Outlay 580,614 607,896 210,000 210,000 210,000
Total Operating Expenditures 1,584,456 1,567,459 1,387,696 1,431,862 1,442,507
TRANSFERS OUT:
Transfer to General Fund - Admin Fee 108,750 114,652 109,013 100,164 110,025
Total Transfers Out 108,750 114,652 109,013 100,164 110,025
TOTAL EXPENDITURES AND TRANSFERS 1,693,206 1,682,111 1,496,709 1,532,026 1,552,532
SURPLUS / (DEFICIT) (186,546) (154,066) - (20,306) -
ENDING FUND BALANCE: 1,582,827 1,428,761 1,428,761 1,408,455 1,408,455
FUND BALANCE REQUIREMENT: 277,686 275,866 245,460 251,252 254,615
* Fund balance requirement is 16.4% of total budgeted expenditures (60 days of operation).
The FY 2023-24 projected Ending Fund Balance represents 356 days of operation.
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