Page 33 - GrapevineFY24 Adopted Budget

Revenue and Other Financing Sources

Total City revenue (all funding
sources) is budgeted at $214.5
million, an increase of $19.4 million
(10%) from the FY23 budgeted
amount, but is $.5.9 million (2.7%)
less than projected receipts for FY23
fiscal year end.

General Government revenue is
budgeted at $98 million, a 13%
increase over FY23, as Sales & Use
Tax receipts are projected to increase
by $9.3 million and Property Tax (Ad Valorem,) collections are projected to increase by $4 million
over the FY23 budgeted amount.

Special Revenue fund segments are projected to increase by $7.6 million (11%) as sales tax receipts
in the Crime Control and Prevention District (CCPD), 4B Transit, and 4B Economic Development
funds represent a combined increase of $4 million. Hotel Occupancy tax collections represent a gain
of $1.8 million (10%) over the previous year’s budgeted amount.

Enterprise fund revenue is projected to increase $4.8 million (14%) over last year’s estimates based
on projected water and wastewater revenue and increased play at the golf course.

Taxes (Ad Valorem, Sales & Use, Mixed Beverage, and Hotel Occupancy) comprise the largest
revenue stream at $125 million (59%) and represent an increase of $10.7 million from the prior year.
Sales & Use taxes, the largest component, are budgeted at $77.5 million, of which $40 million is in
the General Government sector and $37.5 million is in the Special Revenue sector.

Charges for Services are the second largest revenue stream at $61.6 million (29%) and represent an
increase of $6.8 million from the previous year. General Government charges are projected at $9.9
million. Special Revenue charges are projected at $14.8 million and Enterprise Fund charges are
projected at $36.9 million.

Transfers In are the third largest revenue stream at $14.2 million (7%) and represent an increase of
$1 million from the previous year, due to increases in operating transfers to the General fund.

Revenue for each governmental fund type will be discussed in depth in its respective section of this
document.

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