Page 76 - CityofGrapevineFY25AdoptedBudget

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

2021-22 2022-23 2023-24 2023-24 2024-25
Actual Actual Budget Estimate Approved
BEGINNING FUND BALANCE: 11,582,854 14,736,774 16,523,742 16,523,742 19,553,865
OPERATING REVENUE:
Ad Valorem Taxes 13,948,203 14,683,291 15,011,862 15,246,800 15,794,705
Sales Taxes 36,748,631 39,559,646 37,500,000 42,594,062 42,500,000
Mixed Beverage Taxes 2,377,346 2,701,727 2,500,000 2,766,930 2,838,000
Franchise Fees 6,369,312 6,708,128 6,100,000 6,392,392 6,626,872
Licenses & Permits 1,348,858 1,556,045 1,964,255 1,853,147 1,954,255
Charges for Services 7,852,670 10,423,525 9,898,621 10,813,421 10,330,093
Intergovernmental 3,649,930 247,890 283,843 138,812 105,000
Fines and Forfeitures 1,082,433 1,364,971 1,031,200 1,338,085 1,336,000
Miscellaneous 3,874,028 2,519,461 1,027,100 1,705,402 1,782,084
Total Operating Revenue 77,251,411 79,764,684 75,316,881 82,849,051 83,267,009
TRANSFERS IN:
Administrative Fee - Utility Fund 2,086,555 2,215,207 2,199,481 2,199,481 2,745,155
Administrative Fee - CVB Fund 1,497,906 2,653,891 1,869,755 1,869,755 1,869,755
Administrative Fee - Golf Fund 146,012 161,118 168,750 168,750 187,500
Administrative Fee - SDUS Fund 114,652 117,364 110,025 110,025 113,775
Administrative Fee - 4B Fund 429,121 477,301 351,562 351,562 398,438
Total Transfers In 4,274,246 5,624,881 4,699,573 4,699,573 5,314,623
TOTAL REVENUE AND TRANSFERS 81,525,655 85,389,565 80,016,454 87,548,624 88,581,632

OPERATING EXPENDITURES:
Personnel 35,213,702 38,200,150 39,892,689 39,046,225 42,627,847
Supplies 4,887,962 3,896,118 3,917,093 3,824,105 4,615,070
Maintenance 1,430,587 2,512,967 1,888,037 2,412,818 1,872,760
Services 13,758,569 16,089,498 16,148,811 18,156,321 18,537,741
Capital Outlay 606,829 501,323 191,282 168,791 176,700
Insurance 8,297,846 9,142,966 10,639,883 10,571,582 10,363,463
Total Operating Expenditures 64,195,495 70,343,022 72,677,795 74,179,842 78,193,581

TRANSFERS OUT:
Transfer To CCPD Fund 4,291,740 4,519,575 3,759,649 3,759,649 2,416,788
Transfer to PCMF Fund 5,124,000 1,640,000 2,670,000 2,670,000 4,899,450
Transfer To Capital Equipment Fund 960,500 5,300,000 - 3,000,000 2,071,813
Transfer to Beverly Horton Fund - 800,000 - - -
Transfer To Quality Of Life Fund 1,500,000 1,000,000 909,010 909,010 1,000,000
Transfer To Capital Projects Fund 2,300,000 - - - -
Total Transfers Out 14,176,240 13,259,575 7,338,659 10,338,659 10,388,051
TOTAL EXPENDITURES AND TRANSFERS 78,371,735 83,602,597 80,016,454 84,518,501 88,581,632

SURPLUS (DEFICIT) 3,153,920 1,786,968 - 3,030,123 -
ENDING FUND BALANCE: 14,736,774 16,523,742 16,523,742 19,553,865 19,553,865
FUND BALANCE REQUIREMENT: 12,448,497 13,180,839 13,659,092 13,946,855 15,638,716
* Fund balance requirement is 20% of total budgeted expenditures (72 days of operation).
The FY 2024-25 projected Ending Fund Balance represents 26% of total budgeted expenditures (96 days of operation).

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