Page 40 - CityofGrapevineFY25AdoptedBudget

Fund Balances

The total citywide balance of all budgeted funds on October 1 is estimated at $115,721,028 million,
an increase of $4.2 million from the previous year’s total of $111.4 million. Robust economic activity
resulted in both sales tax and hotel occupancy tax receipts higher than expected. The General and
Convention & Visitors funds saw fund balance increases of $3 million and $4 million
respectively. The Convention & Leisure Incentives fund balance increased by $509,000.

The Crime Control & Prevention and Economic Development funds, bolstered by robust sales tax
receipts, increased their fund balance by $3.4 million. Due to lake flooding and extended closure of
the Vineyards Campground, a slight decrease of $50,000 is expected in the ending fund balance of
the Lake Parks fund. The Utility Enterprise and Golf funds both expect negative changes in ending
working capital balance of $5.4 million and $582,000 respectively.

The projected ending fund balance for all funds as of 09/30/2025 is estimated at $116 million, a
decrease of $11.5 million (9%).

The Lake Parks fund is projecting a surplus of $255,000 and the Golf fund is projecting a balanced
budget. The Capital / Street Maintenance fund ended FY24 with an estimated fund balance of
$569,000.

City of Grapevine, Texas
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