Page 74 - CityofGrapevineFY25AdoptedBudget

Services are budgeted at $18 million and represent a $2.38 million increase (15%) from the FY24
budget. Estimated expenditures in FY24 are estimated to total $18.1 million, and represent an
increase of 12.8% from FY23. Expenditures for services account for 17% of General Government
expenditures.

SERVICES FY-2019 FY-2020 FY-2021 FY-2022 FY-2023 FY-2024
GENERAL FUND Actual Actual Actual Actual Actual Estimate

Expenditures $12,923,700 $13,341,686 $12,878,971 $13,758,569 $16,089,498 $18,156,321
Increase / (Decrease) $1,387,805 $417,986 ($462,715) $879,598 $2,330,929 $2,066,823
% Change 12.0% 3.2% -3.5% 6.8% 16.9% 12.8%

Insurance Costs, which include property, casualty and health insurance, are budgeted at $10.3
million, and represent a decrease of $276,420 from the previous year’s budget amount.

INSURANCE FY-2019 FY-2020 FY-2021 FY-2022 FY-2023 FY-2024
GENERAL FUND Actual Actual Actual Actual Actual Estimate

Expenditures $6,712,060 $9,021,298 $7,898,750 $8,297,846 $9,142,966 $10,571,582
Increase / (Decrease) ($3,778,966) $2,309,238 ($1,122,548) $399,096 $845,120 $1,428,616
% Change -36.0% 34.4% -12.4% 5.1% 10.2% 15.6%

Debt Service is budgeted at $17 million and represents an increase of $2.56 million from the previous
year. Estimated expenditures in FY24 totaled $13.8 million and represented a increase of $3,512.
Debt service costs represent 15% of General Government expenditures.

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