Page 52 - CityofGrapevineFY25AdoptedBudget
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Debt Policy
The City’s policy is to use bond proceeds for capital expenditures only. Such revenues are never to
be used to fund normal City operations. The City Council has also set a goal of capping net general
debt service at 25% of the General Fund budget.
Net General Debt Service as Percentage FY21 FY22 FY23 FY24 FY25
of General Fund Expenditures Actual Actual Actual Estimate Approved
General Debt Service 16,359,700 14,878,255 14,502,970 13,994,562 16,403,544
Less: Transfer Funding (2,399,369) (2,057,569) (2,060,869) (2,057,569) (3,971,468)
Net General Debt Service 13,960,331 12,820,686 12,442,101 11,936,993 12,432,076
General Fund Expenditures 70,518,619 78,371,737 80,182,789 80,016,454 88,581,632
Percentage of General Fund Expenditures 20% 16% 16% 15% 14%
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