Page 75 - CityofGrapevineFY25AdoptedBudget

DEBT SERVICE FY-2019 FY-2020 FY-2021 FY-2022 FY-2023 FY-2024
Principal & Interest Payments Actual Actual Actual Actual Actual Estimate

General Obligation $9,722,770 $11,257,383 $10,665,083 $8,034,132 $8,080,543 $7,099,543
Certificates of Obligation $4,121,339 $2,335,488 $3,830,481 $4,030,062 $4,359,063 $5,346,850
Tax Notes Payable $2,893,797 $2,113,019 $1,498,306 $2,016,469 $1,401,444 $1,398,169
Total $16,737,906 $15,705,890 $15,993,870 $14,080,663 $13,841,050 $13,844,562
Increase / (Decrease) $1,117,565 ($1,032,016) $287,980 ($1,913,207) ($239,613) $3,512
% Change 7.2% -6.2% 1.8% -12.0% -1.7% 0.0%

Operating Transfers Out are budgeted at $10.38 million and consists of transfers from the General
fund to the Crime Control & Prevention District (CCPD), Community Quality of Life (QOL),
Permanent Capital Maintenance (PCMF) and Capital Projects Funds. The annual transfer to the
PCMF Fund is budgeted at $4.89 million, an increase of $2.2 million from the previous year.

Total transfers in FY24 are estimated at $7.3 million and represent a $620,916 decrease from
FY23.

OPERATING FY-2020 FY-2021 FY-2022 FY-2023 FY-2024
TRANSFERS OUT Actual Actual Actual Actual Estimate

Capital Maintenance 1,779,000 - 5,124,000 1,640,000 2,670,000
Street Maintenance 1,500,000 - - - -
CIP / Quality of Life - - 1,500,000 1,000,000 909,010
Equipment Acquisition 830,004 - 960,500 - -
CCPD Fund 3,406,824 5,513,302 4,291,740 4,519,575 3,759,649
Lake Parks - 4,463,346 - - -
Capital Projects Fund - - 2,300,000 800,000 -
Grant Fund - 6,856 - - -

Total Transfers Out $7,515,828 $9,983,504 $14,176,240 7,959,575 7,338,659
Increase / (Decrease) ($4,760,802) $2,467,676 $4,192,736 ($6,216,665) ($620,916)
% Change -39% 33% 42% -44% -8%

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