Page 70 - GrapevineFY24 Adopted Budget

Services are budgeted at $16 million and represent a $2.5 million increase (19%) from the FY23
budget. Professional services, defined as services that by their nature can be performed by persons
or firms with specialized skills and knowledge who are non-City employees, represents the largest
segment of the category, at $6.6 million for FY24, an increase of $600,000. Utility costs
(electricity/gas/water/telephone) represent the second-largest segment at $3 million, and represent
an increase of $200,000 over the previous year. Actual expenditures in FY23 are estimated to total
$15.1 million, and represent an increase of 10.2% from FY22. Expenditures for services account
for 16% of General Government expenditures.

SERVICES FY-2018 FY-2019 FY-2020 FY-2021 FY-2022 FY-2023
GENERAL FUND Actual Actual Actual Actual Actual Estimate

Expenditures $11,535,895 $12,923,700 $13,341,686 $12,878,971 $13,727,314 $15,131,430
Increase / (Decrease) ($106,321) $1,387,805 $417,986 ($462,715) $848,343 $1,404,116
% Change -0.9% 12.0% 3.2% -3.5% 6.6% 10.2%

Insurance Costs, which include property, casualty and health insurance, are budgeted at $10.6
million, and represent an increase of $82,000 from the previous year’s budget amount. Property
and casualty (P&C) expenditures are budgeted at $1.5 million which is $138,000 more than the
previous budget. Actual P&C expenditures in FY23 are estimated at $1.9 million and represent
an increase of $992,860 from the prior year.

Health insurance costs, which include medical, dental, vision, and life coverage, is budgeted at $9
million and represent an increase of $50,000 from the FY23 budget. Actual costs for FY23 are
estimated at $6.3 million. Risk Management continues to actively monitor trends and patterns in
healthcare in an attempt to improve plan offerings to employees and to lower costs.

Total insurance costs continue to produce year-over-year savings for a third consecutive year as
FY23 costs are estimated to decline 1.7% from the previous year.

INSURANCE FY-2018 FY-2019 FY-2020 FY-2021 FY-2022 FY-2023
GENERAL FUND Actual Actual Actual Actual Actual Estimate

Expenditures $10,491,026 $6,712,060 $9,021,298 $7,898,750 $7,566,440 $7,441,312
Increase / (Decrease) ($2,012,898) ($3,778,966) $2,309,238 ($1,122,548) ($332,310) ($125,128)
% Change -16.1% -36.0% 34.4% -12.4% -4.2% -1.7%

Debt Service is budgeted at $13.8 million and represents an increase of $3,500 from the previous
year. Actual expenditures in FY23 totaled $13.8 million and represented a decrease of $239,000
(1.7%) from the previous year. Debt service costs represent 14% of General Government
expenditures.

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