Page 212 - GrapevineFY24 Adopted Budget

Utility costs for FY24 are budgeted at $1.07 million and represent an increase of $129,556 (15%)
from the previous year’s budget. Estimated utility expenses in FY23 were $1.05 million and
represent a decline of $278,000 (-21%) from FY22.

ENTERPRISE FUND FY-2018 FY-2019 FY-2020 FY-2021 FY-2022 FY-2023
UTILITY COSTS Actual Actual Actual Actual Actual Estimate

Utility Fund $501,387 $457,650 $513,244 $743,155 $1,028,781 $702,214
Golf Fund $283,772 $166,240 $199,373 $245,490 $299,500 $347,965
Total $785,159 $623,890 $712,617 $988,645 $1,328,281 $1,050,179

Increase / (Decrease) ($38,266) ($161,269) $88,727 $276,028 $339,636 ($278,102)
% Change -5% -21% 14% 39% 34% -21%

Transfers Out are budgeted at $2.3 million ($500,000 increase) and is comprised of the 7.5%
administrative fee to the General fund ($2,199,481 from Utility and $168,750 from Golf). Estimated
expenditures in FY23 total $1.9 million and represent a decrease of 13% from the previous year.

ENTERPRISE FUND FY-2018 FY-2019 FY-2020 FY-2021 FY-2022 FY-2023
TRANSFERS OUT Actual Actual Actual Actual Actual Estimate

Utility Fund $8,003,880 $1,343,444 $1,885,149 $1,817,850 $2,086,555 $1,796,351 '(1)
Golf Fund $107,254 $86,377 $111,463 $134,992 $146,012 $146,817
Total $8,111,134 $1,429,821 $1,996,612 $1,952,842 $2,232,567 $1,943,168
Increase / (Decrease) $4,176,678 ($6,681,313) $566,791 ($43,770) $279,725 ($289,399)
% Change 106.2% -82.4% 39.6% -2.2% 14.3% -13.0%
(1) FY-2018 Includes a one-time transfer of $5,084,734 to the Water / Wastewater Capital Projects (CIP) Fund and a one-time
(1) transfer of $1,000,000 to the Convention and Visitors Fund

Debt Service expenditures are budgeted at $662,556, a decrease of $2,363 (-0.4%) from the previous
year. Debt service expenditures are comprised of principal and interest payments on outstanding
waterworks and sewer revenue bonds, principal and interest payments on outstanding golf course
certificates of obligation, paying agent fees, bond issuance costs, and arbitrage fees (if applicable).

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