Page 193 - CityofGrapevineFY25AdoptedBudget

FY 2024-25 APPROVED OPERATING BUDGET
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
STORMWATER DRAINAGE UTILITY FUND

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

BEGINNING FUND BALANCE: 1,582,827 1,428,761 1,480,066 1,480,066 1,568,575

OPERATING REVENUE:
Drainage Utility Fees 1,516,846 1,520,316 1,535,532 1,503,229 1,540,000
Interest Income 8,401 44,535 15,000 43,229 15,000
Interest Income - 2000 C.O. 1,748 10,540 2,000 12,497 2,000
Miscellaneous 1,050 - - 1,700,000 -
Total Operating Revenue 1,528,045 1,575,391 1,552,532 3,258,955 1,557,000

TRANSFERS IN: - - - - -
TOTAL REVENUE AND TRANSFERS 1,528,045 1,575,391 1,552,532 3,258,955 1,557,000

OPERATING EXPENDITURES:
Personnel 542,446 535,821 627,296 592,313 699,812
Supplies 21,310 24,159 35,700 18,423 35,700
Maintenance 200,844 166,752 125,000 143,943 125,000
Services 14,389 301,417 220,165 363,462 232,767
Insurance 180,574 187,348 224,346 224,939 221,560
Capital Outlay 607,896 215,558 210,000 1,717,561 535,000
Total Operating Expenditures 1,567,459 1,431,055 1,442,507 3,060,641 1,849,839
TRANSFERS OUT:
Transfer to General Fund - Admin Fee 114,652 117,364 110,025 109,805 110,025
Transfer to Debt Service Fund - - - - 222,815
Total Transfers Out 114,652 117,364 110,025 109,805 332,840

TOTAL EXPENDITURES AND TRANSFERS 1,682,111 1,548,419 1,552,532 3,170,446 2,182,679
SURPLUS / (DEFICIT) (154,066) 51,305 - 88,509 (625,679)

ENDING FUND BALANCE: 1,428,761 1,480,066 1,480,066 1,568,575 942,896
FUND BALANCE REQUIREMENT: 275,866 253,941 254,615 519,953 357,959

* Fund balance requirement is 16.4% of total budgeted expenditures (60 days of operation).
The FY 2024-25 projected Ending Fund Balance represents 185 days of operation.

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