Page 229 - CityofGrapevineFY25AdoptedBudget

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

2021-22 2022-23 2023-24 2023-24 2024-25
Actual Actual Budget Estimate Approved
BEGINNING UNRESTRICTED FUND BALANC 22,556,592 30,073,532 28,675,099 28,675,099 23,193,210

OPERATING REVENUE:
Water Sales 18,384,738 19,390,444 18,550,000 19,200,000 24,912,000
Wastewater Sales 8,974,247 8,850,148 9,100,000 8,900,000 10,468,146
Tap & Inspection Fees 2,528,582 2,711,854 2,529,000 2,724,761 2,532,000
Reconnects & Transfers 279,410 252,435 160,000 248,003 160,000
Interest Income 184,309 1,504,842 200,000 386,081 200,525
Miscellaneous Income 2,202,527 2,543,377 975,500 936,718 975,500
Total Operating Revenue 32,553,813 35,253,100 31,514,500 32,395,563 39,248,171
TRANSFERS IN/CONTRIBUTIONS: 7,753,380 661,919 659,556 553,272 666,056
TOTAL REVENUE AND TRANSFERS 40,307,193 35,915,019 32,174,056 32,948,835 39,914,227

OPERATING EXPENDITURES:
Personnel 3,748,090 4,577,962 4,557,647 4,758,935 4,733,745
Supplies 1,394,805 2,000,206 1,694,766 1,899,460 1,830,282
Maintenance 5,777,200 4,955,200 2,554,040 2,766,200 2,401,078
Services 17,800,451 20,992,802 18,541,560 23,530,754 23,911,837
Debt Service 627,652 624,204 662,556 662,556 669,056
Insurance 931,679 1,051,573 1,191,648 982,270 1,251,147
Capital Outlay 423,821 896,298 16,000 1,274,782 675,000
Total Expenditures 30,703,698 35,098,245 29,218,217 35,874,957 35,472,145

TRANSFERS OUT: 2,086,555 2,215,207 2,199,481 2,555,767 4,377,970
TOTAL EXPENDITURES AND TRANSFERS 32,790,253 37,313,452 31,417,698 38,430,724 39,850,115

SURPLUS / (DEFICIT) 7,516,940 (1,398,433) 756,358 (5,481,889) 64,112
ENDING UNRESTRICTED WORKING CAPITA 30,073,532 28,675,099 29,431,457 23,193,210 23,257,322

WORKING CAPITAL REQUIREMENT: 4,912,592 5,615,719 4,674,915 5,739,993 5,675,543
* Working capital requirement is 16% of total net budgeted expenditures or 60 days of operation.
The FY 2024-25 projected Ending Working Capital Balance represents 239 days of operation.

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