Page 228 - CityofGrapevineFY25AdoptedBudget

Utility costs for FY25 are budgeted at $1.2 million and represent an increase of $195,100 (18%)
from the previous year’s budget. Estimated utility expenses in FY24 were $1.3 million and represent
a 21% increase from FY23.

ENTERPRISE FUND FY-2019 FY-2020 FY-2021 FY-2022 FY-2023 FY-2024
UTILITY COSTS Actual Actual Actual Actual Actual Estimate

Utility Fund $457,650 $513,244 $743,155 $1,028,781 $722,657 $961,590
Golf Fund $166,240 $199,373 $245,490 $299,500 $350,964 $341,100
Total $623,890 $712,617 $988,645 $1,328,281 $1,073,621 $1,302,690

Increase / (Decrease) ($161,269) $88,727 $276,028 $339,636 ($254,660) $229,069
% Change -21% 14% 39% 34% -19% 21%

Transfers Out are budgeted at $4.5 million ($2.1 million increase) and is comprised of the 7.5%
administrative fee to the General fund ($4,377,970 from Utility and $187,500 from Golf). Estimated
expenditures in FY24 total $2.7 million and represent an increase of 14% from the previous year.

ENTERPRISE FUND FY-2019 FY-2020 FY-2021 FY-2022 FY-2023 FY-2024
TRANSFERS OUT Actual Actual Actual Actual Actual Estimate

Utility Fund $1,343,444 $1,885,149 $1,817,850 $2,086,555 $2,215,207 $2,555,767
Golf Fund $86,377 $111,463 $134,992 $146,012 $161,118 $161,120
Total $1,429,821 $1,996,612 $1,952,842 $2,232,567 $2,376,325 $2,716,887
Increase / (Decrease) ($6,681,313) $566,791 ($43,770) $279,725 $143,758 $340,562
% Change -82.4% 39.6% -2.2% 14.3% 6.4% 14.3%

Debt Service expenditures are budgeted at $669,056, an increase of $6,500 (1%) from the previous
year. Debt service expenditures are comprised of principal and interest payments on outstanding
waterworks and sewer revenue bonds, principal and interest payments on outstanding golf course
certificates of obligation, paying agent fees, bond issuance costs, and arbitrage fees (if applicable).

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