Page 73 - GrapevineFY24 Adopted Budget
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FY 2023-24 APPROVED OPERATING BUDGET
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
GENERAL FUND
2020-21 2021-22 2022-23 2022-23 2023-24
Actual Actual Budget Estimate Approved
BEGINNING FUND BALANCE: 11,574,295 11,540,685 14,694,609 14,694,609 16,970,254
OPERATING REVENUE:
Ad Valorem Taxes 13,521,636 13,948,203 14,630,519 14,721,521 15,011,862
Sales Taxes 28,590,889 36,748,631 33,400,000 39,550,968 37,500,000
Mixed Beverage Taxes 1,793,124 2,377,346 2,157,000 2,463,284 2,500,000
Franchise Fees 5,858,497 6,369,322 6,185,869 6,191,542 6,100,000
Licenses & Permits 1,472,258 1,347,472 1,609,746 1,609,378 1,964,255
Charges for Services 8,209,525 7,815,140 9,747,281 10,932,714 9,898,621
Intergovernmental 3,990,496 3,651,930 344,094 285,666 283,843
Fines and Forfeitures 967,554 1,083,819 1,018,300 1,220,990 1,031,200
Miscellaneous 2,208,721 3,909,552 959,600 1,548,422 1,027,100
Total Operating Revenue 66,612,700 77,251,415 70,052,409 78,524,485 75,316,881
TRANSFERS IN:
Admin. Fee - Utility Fund 1,817,850 2,086,555 1,773,038 1,796,351 2,199,481
Admin. Fee - CVB Fund 1,213,537 1,497,906 1,549,798 1,455,122 1,869,755
Admin. Fee - Golf Fund 134,992 146,012 125,000 146,817 168,750
Administrative Fee - SDUS Fund 108,750 114,652 109,013 100,164 110,025
Administrative Fee - 4B Fund 353,046 429,121 313,875 435,495 351,562
Transfers In - Special Revenue Fund 244,134 - - - -
Total Transfers In 3,872,309 4,274,246 3,870,724 3,933,949 4,699,573
TOTAL REVENUE AND TRANSFERS 70,485,009 81,525,661 73,923,133 82,458,434 80,016,454
OPERATING EXPENDITURES:
Personnel 34,415,045 35,213,699 37,386,031 37,074,446 39,892,689
Supplies 2,992,663 4,887,960 3,581,056 3,609,603 3,917,093
Maintenance 1,487,167 1,430,585 2,357,226 2,440,616 1,888,037
Services 12,878,971 13,758,578 13,570,905 15,131,430 16,148,811
Capital Outlay 85,576 606,828 149,500 525,807 191,282
Insurance 8,675,693 8,297,847 10,557,971 7,441,312 10,639,883
Total Operating Expenditures 60,535,115 64,195,497 67,602,689 66,223,214 72,677,795
TRANSFERS OUT:
To Permanent Capital Maintenance - 5,124,000 1,640,000 1,640,000 2,670,000
To Capital Equipment Acquisition Fund - 960,500 - - -
To Community Quality of Life Fund - 1,500,000 - 7,000,000 909,010
To Crime Control & Prevention District Fund 5,513,302 4,291,740 4,519,575 4,519,575 3,759,649
To Lake Parks Fund 4,463,346 - - - -
To Capital Projects Fund - 2,300,000 - 800,000 -
To Grants Fund 6,856 - - -
Total Transfers Out 9,983,504 14,176,240 6,159,575 13,959,575 7,338,659
TOTAL EXPENDITURES AND TRANSFERS 70,518,619 78,371,737 73,762,264 80,182,789 80,016,454
SURPLUS (DEFICIT) (33,610) 3,153,924 160,869 2,275,645 -
ENDING FUND BALANCE: 11,540,685 14,694,609 14,855,478 16,970,254 16,970,254
FUND BALANCE REQUIREMENT: 12,107,023 12,839,099 13,520,538 13,244,643 14,535,559
* Fund balance requirement is 20% of total budgeted expenditures (72 days of operation).
The FY 2023-24 projected Ending Fund Balance represents 22% of total budgeted expenditures (80 days of operation).
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