Page 58 - GrapevineFY24 Adopted Budget

Summaries for the three funds that comprise the General Government Funds group are as follows:

LONG-RANGE FINANCIAL FORECAST - GENERAL FUND
2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2027-2028
Actual Estimated Approved Projected Projected Projected

REVENUE AND OTHER FUNDING SOURCES
Taxes 53,074,180 56,735,773 55,011,862 56,937,277 58,930,082 60,992,635
Licenses, Fees & Permits 7,718,170 7,800,920 8,064,255 8,144,898 8,226,347 8,308,610
Fines, Forfeitures & Charges for Services 8,935,103 12,153,704 10,929,821 11,356,084 11,798,971 12,259,131
Transfers In 4,274,246 4,593,374 4,699,573 4,864,058 5,034,300 5,210,501
Interest & Miscellaneous 7,523,952 1,834,088 1,310,943 1,337,162 1,363,905 1,391,183
TOTAL SOURCES OF FUNDS 81,525,651 83,117,859 80,016,454 82,639,479 85,353,605 88,162,060

EXPENDITURES AND OTHER FUNDING USES
Personnel 35,213,698 37,074,446 39,892,689 41,488,397 43,147,932 44,873,850
Supplies, Maintenance & Services 19,947,958 21,181,649 21,987,923 22,647,561 23,326,988 24,026,797
Capital / Street Maintenance & Outlays 606,828 525,807 157,300 100,000 100,000 100,000
Insurance 8,297,847 7,441,312 10,639,883 11,278,276 11,954,973 12,672,271
Miscellaneous Expenses 129,165
Transfers Out 14,176,240 13,959,575 7,338,659 7,485,432 7,635,141 7,787,844
TOTAL USES OF FUNDS 78,371,736 80,182,789 80,016,454 82,999,665 86,165,033 89,460,761

NET CHANGE IN FUND BALANCE 3,153,915 2,935,070 0 (360,187) (811,428) (1,298,702)

BEGINNING FUND BALANCE 11,540,685 14,694,600 16,970,254 16,970,254 16,610,067 15,798,639

ENDING FUND BALANCE 14,694,600 17,629,670 16,970,254 16,610,067 15,798,639 14,499,937

FUND BALANCE REQUIREMENT 12,839,099 13,244,643 14,535,559 14,895,958 15,490,828 16,110,822

PERCENTAGE OF COVERAGE 20% 27% 23% 22% 20% 18%

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