Page 28 - GrapevineFY24 Adopted Budget

Operating transfers to the Community Quality of Life (QOL) fund are budgeted at $909,010 for
FY24 and represents the projected amount of surplus revenue over expenditures. No transfers were
made to the QOL fund since FDY19 due to the pandemic caused by COVID-19. Sales tax receipts
have exceeded projections in FY23 that a projected $7 million will be transferred to the fund at the
end of that fiscal year.

Vehicle and equipment replacements total $4.07 million and represent a decrease of $1.5 million
from the previous year. General fund replacements of $3.5 million are projected to be funded via a
debt issue proposed for December 2023.

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