Page 62 - CityofGrapevineFY25AdoptedBudget

Summaries for the three funds that comprise the General Government Funds group are as follows:

LONG-RANGE FINANCIAL FORECAST - GENERAL FUND
2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028
Actual Estimated Approved Projected Projected Projected

REVENUE AND OTHER FUNDING SOURCES
Taxes 56,944,664 60,607,792 61,132,705 63,630,582 66,090,508 68,642,837
Licenses, Fees & Permits 8,264,173 8,245,539 8,581,127 8,666,938 8,753,608 8,841,144
Fines, Forfeitures & Charges for Services 11,788,496 12,151,506 11,666,093 12,016,076 12,376,558 12,747,855
Transfers In 5,624,881 4,699,573 5,314,623 5,500,635 5,693,157 5,892,418
Interest & Miscellaneous 2,767,351 1,844,214 1,887,084 1,924,826 1,963,322 2,002,589
TOTAL SOURCES OF FUNDS 85,389,565 87,548,624 88,581,632 91,739,057 94,877,153 98,126,842

EXPENDITURES AND OTHER FUNDING USES
Personnel 38,200,150 39,046,225 42,627,847 44,332,961 46,106,279 47,950,530
Supplies, Maintenance & Services 22,498,583 24,393,244 25,025,571 25,776,338 26,549,628 27,346,117
Capital Outlay 501,323 168,791 176,700 100,000 100,000 100,000
Insurance 9,142,966 10,571,582 10,363,463 10,726,184 11,101,601 11,490,157
Transfers Out 13,259,575 10,338,659 10,388,051 10,803,573 11,019,645 11,240,037
TOTAL USES OF FUNDS 83,602,597 84,518,501 88,581,632 91,739,056 94,877,153 98,126,842

NET CHANGE IN FUND BALANCE 1,786,968 3,030,123 0 0 0 0

BEGINNING FUND BALANCE 14,736,774 16,523,742 19,553,865 19,553,865 19,553,865 19,553,865

ENDING FUND BALANCE 16,523,742 19,553,865 19,553,865 19,553,865 19,553,865 19,553,865

FUND BALANCE REQUIREMENT 13,180,839 13,244,643 15,638,716 16,187,097 16,771,502 17,377,361

PERCENTAGE OF COVERAGE 20% 26% 25% 24% 23% 23%

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