Page 209 - GrapevineFY24 Adopted Budget
P. 209
Revenue and Other Financing Sources
Total revenue for Enterprise funds is budgeted at $39 million for FY24, which is $4.8 million (14%)
more than the previous year’s budget. A vast majority (95%) consists of charges for services, which
represent water and wastewater services in the Utility fund, and golf course services in the Golf fund.
Water Sales are budgeted at $18.5 million, $1.5 million (9%) higher than last year’s budget. Water
sales in FY23 are estimated at $18.4 million and represent an increase of $27,862 (0.15%) from the
prior year.
WATER SALES FY-2018 FY-2019 FY-2020 FY-2021 FY-2022 FY-2023
Actual Actual Actual Actual Actual Estimate
Collections $16,577,391 $14,607,630 $15,752,529 $16,062,329 $18,384,730 $18,412,592
Gain / (Loss) $1,866,612 ($1,969,761) ($824,862) $309,800 $2,322,401 $27,862
% Change 13% -12% -5% 2% 14% 0.15%
Wastewater Charges are budgeted at $9.1 million, $200,000 (2%) higher than the previous budget.
Revenue in this category declined by $463,237 in FY23 (-5%).
Combined water and wastewater charges represent 85% of revenue in the Enterprise Funds category.
WASTEWATER FY-2018 FY-2019 FY-2020 FY-2021 FY-2022 FY-2023
SALES Actual Actual Actual Actual Actual Estimate
Collections $8,371,685 $8,033,819 $7,735,969 $8,391,822 $8,974,247 $8,511,010
Gain / (Loss) $316,801 ($337,866) ($635,716) $655,853 $582,425 ($463,237)
% Change 4% -4% -8% 8% 7% -5%
Golf Course Green Fees are budgeted at $2.25 million and represent an increase of $440,000 (24%)
from the previous year, as golfers are returning to courses in record numbers post-COVID. Actual
green fee revenue in FY23 totaled $2.1 million and represented an increase of $219,072 (11%) from
the previous year.
GOLF COURSE FY-2018 FY-2019 FY-2020 FY-2021 FY-2022 FY-2023
GREEN FEES Actual Actual Actual Actual Actual Estimate
Collections $1,430,023 $1,426,621 $1,486,516 $1,796,000 $1,946,821 $2,165,893
Gain / (Loss) ($11,943) ($3,402) $56,493 $309,484 $150,821 $219,072
% Change -1% 0% 4% 21% 8% 11%
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