Page 181 - CityofGrapevineFY25AdoptedBudget

FY 2024-25 APPROVED OPERATING BUDGET
Special Revenue Fund
CVB – Facilities
115-350-003

Division Description
The Facilities Division within CVB is responsible for increasing revenues at all CVB rental facilities such as the
Convention Center, Palace Arts Center, Concourse, Historic Cottonbelt Railroad District, Grapevine Main Station and
Grapevine Farmers & Artisan Markets. The Division is also responsible for increasing the number of new and repeat
clients directing overflow event referrals to Grapevine hotels and other local meeting venues, updating and expanding
the building maintenance program for all CVB facilities, developing and implementing a facilities marketing program
and expanding and promoting entertainment, performing arts, and movies at Palace Arts Center.

FY24 Division Accomplishments
 Facilities department rebooking events came to 568 an increase of 18%.
 In House Catering increased by 31.5 % from fiscal year (22-23) $281,560.00 to (23-24) $370,923.00.
 Palace staff booked Circles Conference (a marketing driven event) which booked the Palace Arts &
Convention Center in delivering revenues of over $18,000 for a 3 ½ day event.
 Grapevine Main Treaty room events booked by Hotel VIN in (22-23) totaled $50,510.00 /Booking by Hotel
VIN jumped to $98,856.00 (23-24) which is a 97% increase.

FY25 Division Goals and Objectives
 Completion of Concourse remodel is anticipated to be completed by late May 2025 with expected
revenues to generate $91,000 for the reminder of the fiscal year 24-25.
 The newly refurbished Town Square Gazebo will increase revenues as Grapevine citizens and local
businesses will benefit from increased activity in historic downtown Grapevine.
 Increase partnership with Coury Hospitality/ Hotel VIN in booking CVB Grapevine Main Treaty
rooms to continue increasing CVB Grapevine Main revenues.
 Continue the rejuvenation of Convention Center to assist in capturing increased event sales.

2021-22 2022-23 2023-24 2023-24 2024-25
EXPENDITURES BY OBJECT Actual Actual Budget Estimate Approved

Personnel 913,075 909,765 930,700 903,409 1,019,440
Supplies 123,130 175,138 182,100 150,356 198,000
Maintenance 59,240 110,151 84,500 87,125 104,500
Services 625,278 923,617 497,800 807,292 969,600

Total 1,720,723 2,118,671 1,695,100 1,948,182 2,291,540

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