Page 61 - CityofGrapevineFY25AdoptedBudget

Fund Balance Summary

The General and Debt Service funds each have a fund balance requirement of 20% of net
operating expenditures, the equivalent of 72 days of operations. The General fund meets the
balance requirement each of the three years, with funds in excess of the 20% requirement
transferred to other funds such as the QOL fund. The Debt Service fund also exceeds the 20%
requirement each of the three years. The Capital / Street Maintenance fund does not currently
have a fund balance requirement, as its sole sources of revenue are operating transfers and
interest earnings.

GENERAL GOVERNMENT FUND BALANCE SUMMARY

2022-23 2023-24 2024-25 2025-26 2026-27 2027-28
Actual Estimate Approved Projected Projected Projected

GENERAL FUND
Beginning Balance 14,736,774 16,523,742 19,553,865 19,553,865 19,553,865 19,553,865
Net Operating Surplus / (Deficit) 1,786,968 3,030,123 0 0 0 0
Ending Balance 16,523,742 19,553,865 19,553,865 19,553,865 19,553,865 19,553,865
Percentage of Operating Expenditures 20% 26% 25% 24% 23% 23%
Days of Operation 73 96 91 88 85 88

FUND BALANCE REQUIREMENT 13,180,839 13,244,643 15,638,716 16,187,097 16,771,502 17,377,361
Fund balance requirement is 20% of total budgeted expenditures (72 days of operation).

DEBT SERVICE FUND
Beginning Balance 6,997,402 6,778,612 7,537,063 7,658,931 7,658,931 7,658,931
Net Operating Surplus / (Deficit) (218,790) 758,451 121,868 0 0 0
Ending Balance 6,778,612 7,537,063 7,658,931 7,658,931 7,658,931 7,658,932

Percentage of Operating Expenditures 45% 51% 45% 51% 44% 44%
Days of Operation 164 188 164 188 160 188

FUND BALANCE REQUIREMENT
Fund balance requirement is 20% of total budgeted expenditures (72 days of operation).

CAPITAL / STREET MAINTENANCE FUND
Beginning Balance 4,329,960 1,987,580 497,580 527,580 527,580 527,580
Net Operating Surplus / (Deficit) (2,342,380) (1,490,000) 30,000 0 0 0

Ending Balance 1,987,580 497,580 527,580 527,580 527,580 527,580
FUND BALANCE REQUIREMENT --- NONE

53 Back to Table of Contents
Table
of
Contents
Back
Back to Table of Contents
to