Page 218 - CityofGrapevineFY25AdoptedBudget

FY 2024-25 APPROVED OPERATING BUDGET
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
ECONOMIC DEVELOPMENT FUND (122, 124)

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

BEGINNING FUND BALANCE: 12,209,641 13,388,940 15,663,228 15,663,228 16,149,769

OPERATING REVENUE:
Sales Tax 5,638,320 5,874,104 4,687,500 5,874,104 5,312,500
Interest Income 83,301 489,913 10,000 437,946 341,715
Miscellaneous 56,883 64,854 - 64,854 -
Total Operating Revenue 5,778,504 6,428,871 4,697,500 6,376,904 5,654,215

TOTAL REVENUE AND TRANSFERS 5,778,504 6,428,871 4,697,500 6,376,904 5,654,215
OPERATING EXPENDITURES:
Personnel Services 504,347 396,380 457,431 384,878 490,259
Supplies 228,818 1,505 12,900 1,851 12,800
Maintenance 15,948 - - - -
Services 1,916,921 1,795,820 1,862,656 3,701,076 3,274,995
Insurance 105,156 82,133 52,793 52,827 79,270
Total Operating Expenditures 2,771,190 2,275,838 2,385,780 4,140,632 3,857,324
TRANSFERS OUT:
Transfer to Debt Service Fund 1,398,894 1,401,444 1,398,169 1,398,169 1,398,453
Transfer to General 429,121 477,301 351,562 351,562 398,438
TRANSFERS OUT 1,828,015 1,878,745 1,749,731 1,749,731 1,796,891

TOTAL EXPENDITURES AND TRANSFERS 4,599,205 4,154,583 4,135,511 5,890,363 5,654,215

SURPLUS / (DEFICIT) 1,179,299 2,274,288 561,989 486,541 -
ENDING FUND BALANCE AVAILABLE: 13,388,940 15,663,228 16,225,217 16,149,769 16,149,769

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