Page 71 - GrapevineFY24 Adopted Budget

DEBT SERVICE FY-2018 FY-2019 FY-2020 FY-2021 FY-2022 FY-2023
Principal & Interest Payments Actual Actual Actual Actual Actual Estimate

General Obligation $10,335,020 $9,722,770 $11,257,383 $10,665,083 $8,034,132 $8,080,543
Certificates of Obligation $4,524,603 $4,121,339 $2,335,488 $3,830,481 $4,030,062 $4,359,063
Tax Notes Payable $760,718 $2,893,797 $2,113,019 $1,498,306 $2,016,469 $1,401,444
Total $15,620,341 $16,737,906 $15,705,890 $15,993,870 $14,080,663 $13,841,050
Increase / (Decrease) ($792,544) $1,117,565 ($1,032,016) $287,980 ($1,913,207) ($239,613)
% Change -4.8% 7.2% -6.2% 1.8% -12.0% -1.7%

Operating Transfers Out are budgeted at $8 million and consists of transfers from the General
fund to the Crime Control & Prevention District (CCPD), Community Quality of Life (QOL),
Permanent Capital Maintenance (PCMF) and Capital Projects Funds. Due to exceptionally strong
post-pandemic sales tax collections, transfers to the QOL fund have been reinstated, with $7
million transferred at the end of FY23 and a budgeted transfer of $909,010 for FY24. The annual
transfer to the PCMF Fund is budgeted at $2.6 million, an increase of $1 million from the previous
year.

Total transfers in FY23 are estimated at $13.9 million and represent a $216,000 decrease from
FY22.

OPERATING FY-2018 FY-2019 FY-2020 FY-2021 FY-2022 FY-2023
TRANSFERS OUT Actual Actual Actual Actual Actual Estimate

Capital Maintenance 1,322,500 1,510,000 1,779,000 - 5,124,000 1,640,000
Street Maintenance 1,322,500 1,510,000 1,500,000 - - -
CIP / Quality of Life 3,000,000 3,000,000 - - 1,500,000 7,000,000
Equipment Acquisition - 3,200,000 830,004 - 960,500 -
CCPD Fund 2,235,000 3,056,630 3,406,824 5,513,302 4,291,740 4,519,575
Lake Parks - - 4,463,346 - -
Economic Development - - - - - -
CVB Fund - - - - - -
Capital Projects Fund - - - - 2,300,000 800,000
Grant Fund 574,200 - - 6,856 - -

Total Transfers Out $8,454,200 $12,276,630 $7,515,828 $9,983,504 $14,176,240 $13,959,575
Increase / (Decrease) $993,200 $3,822,430 ($4,760,802) $2,467,676 $4,192,736 ($216,665)
% Change 13% 45% -39% 33% 42% -2%

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