Page 203 - GrapevineFY24 Adopted Budget

FY 2023-24 APPROVED OPERATING BUDGET
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
ECONOMIC DEVELOPMENT FUND (122, 124)

2020-21 2021-22 2022-23 2022-23 2023-24
Actual Actual Budget Estimate Approved
BEGINNING FUND BALANCE: 12,214,640 12,209,641 13,388,940 13,388,940 14,812,676

OPERATING REVENUE:
Sales Tax 4,699,128 5,638,320 4,175,000 5,785,610 4,687,500

Interest Income 9,055 83,301 10,000 437,946 10,000
Miscellaneous 457,535 56,883 - 64,854 -
Total Operating Revenue 5,165,718 5,778,504 4,185,000 6,288,410 4,697,500
TOTAL REVENUE AND TRANSFERS 5,165,718 5,778,504 4,185,000 6,288,410 4,697,500

OPERATING EXPENDITURES:

Personnel Services 376,432 504,347 529,366 384,878 457,431

Supplies 19,682 228,818 10,400 1,486 12,900

Maintenance 69,245 15,948 - - -

Services 2,615,935 1,916,921 1,848,056 2,566,045 1,862,656

Insurance 73,858 105,156 81,859 75,326 52,793

Total Operating Expenditures 3,155,152 2,771,190 2,469,681 3,027,735 2,385,780

TRANSFERS OUT:

Transfer to General Fund - Admin Fee 353,046 429,121 313,875 435,495 351,562

Transfer to Debt Service Fund 1,400,519 1,398,894 1,401,444 1,401,444 1,398,169

Total Transfers Out 2,015,565 1,828,015 1,715,319 1,836,939 1,749,731

TOTAL EXPENDITURES AND TRANSFERS 5,170,717 4,599,205 4,185,000 4,864,674 4,135,511

SURPLUS / (DEFICIT) (4,999) 1,179,299 - 1,423,736 561,989
ENDING FUND BALANCE AVAILABLE: 12,209,641 13,388,940 13,388,940 14,812,676 15,374,665

203