Page 34 - GrapevineFY24 Adopted Budget

Expenditures and Other Financing Uses

The FY 2024 adopted budget for all
funds totals $212 million dollars, and
represents an increase of $17.2
million (8.8%) from the prior year
budget. Estimated expenditures for
the current year (FY23) total $168
million and represent a decrease of
$26 million (-13%) from the FY22
total of $194 million. The large
decrease is attributed to a one-time
debt refunding.

Personnel costs are the largest expenditure category, totaling $72 million (34%), and represent an
increase of $5.3 (8%) million from the previous budget year. Estimated expenditures for FY23 total
$59 million and represent a decrease of $2.4 million (4%) from FY22. Effective October 1, a three-
percent pay plan adjustment was incorporated into every salary range of every position within the
City. In addition, every full-time and part-time civilian employee will receive a 3% merit increase
on their anniversary date. Full-time and part-time public safety employees on the step plan will
receive up to a 5% step increase on their anniversary date. Any employee that is at the maximum of
their pay scale will also receive a 3% lump sum payment.

Services are the second largest expenditure category, totaling $58.5 million (28%), which is an
increase of $5.1 million (9.6%) from the previous budget year. General Government services totals
$16.1 million, Special Revenue $23.1 million, and Enterprise funds $19.2 million.

Operating Transfers Out represent seven-percent of all expenses, totaling $15.2 million, and
represents an increase of $1.9 million (14%) from the previous budget year. The increase is primarily
due to an increase of $1 million in the transfer to the PCMF Fund and the inclusion of a $909,010
transfer to the QOL Fund.

Debt Service totals $14.5 million, which is 7% of expenditures. Budgeted expenditures for FY24
remain virtually unchanged ($1,149) from the previous year’s budgeted amount.

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

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