Page 54 - CityofGrapevineFY25AdoptedBudget

Key Accomplishments

A key objective of the Long-Range Financial Forecast is to meet and/or exceed the long-range
financial goals established by the City Council. The following table provides a summary of how
the FY25 budget meets the objectives.

Goal Result
Yes; Budget meets or exceeds
Sustain existing program service levels
existing levels of service.
Maintain General Fund balance of at least 20% annually Yes; FY25 projected ending
balance is 26%
Yes; FY25 budget includes a
3% market and 3% merit
th
Maintain competitive employee compensation at the 50 increase for general employees;
percentile of the market public safety employees will
receive a 3% market increase
and step increase.
Yes; FY25 budget fully funds
Adequate and stable street / facility maintenance funding
the Permanent Capital
Maintenance Fund (PCMF).
Cash funding of fleet, capital and technology equipment Yes
replacements
Cap net debt service at 25% of the General Fund budget Yes; FY25 ratio is 14%
Use excess reserves to invest in “Quality of Life” capital Yes; Excess reserves will be
projects considered for QOL funding

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