Page 279 - CityofGrapevineFY26AdoptedBudget

STATEMENT OF REVENUE AND EXPENSES

ADOPTED ADOPTED
ACTUALS ESTIMATED
BUDGET BUDGET
$ Adopted vs 25 % Adopted vs 25
FY2023 FY2024 FY2025 FY2025 FY2026
Bud Bud

Revenues
HOTEL OCCUPANCY TAXES $17,864,19 1 $18,253,07 6 $16,194,941 $16,194,94 1 $16,979,702 $784,761 5%
CHARGES FOR SERVICES $9,828,101 $9,905,975 $10,052,620 $9,713,620 $10,103,325 $50,705 1%
INVESTMENT INCOME $859,616 $1,307,379 $908,000 $1,151,679 $774,792 ($133,208) (15%)
CONTRIBUTIONS $1,000 $1,000 $1,000 $1,000 $1,000 $0 0%
MISCELLANEOUS $108,884 $91,862 $111,000 $461,000 $411,000 $300,000 270%
TRANSFERS IN $328,388 $363,999 $425,816 $402,847 $359,957 ($65,859) (15%)
$28,990,17 $29,923,29 $27,925,08
REVENUES TOTAL $27,693,377 $28,629,776 $936,399 3%
9 2 7

Expenses
PERSONNEL SERVICES $6,543,022 $7,033,107 $8,174,926 $7,192,803 $8,397,345 $222,419 3%
SUPPLIES $553,564 $470,378 $683,525 $643,725 $621,630 ($61,895) (9%)
REPAIR & MAINTENANCE $366,169 $334,581 $318,512 $318,512 $387,662 $69,150 22%

MISC SERVICES & CHARGES $11,537,86 9 $10,819,81 4 $13,859,871 $13,863,41 9 $14,497,423 $637,552 5%
DESIGNATED EXPENSES $1,388,774 $1,770,448 $1,887,679 $1,889,320 $1,834,266 ($53,413) (3%)
DEBT SERVICES $152,345 $35,550 $0 $0 $0 $0 –
CAPITAL OUTLAY ($71,324) $276,401 $0 $32,652 $300,000 $300,000 –
OPERATING TRANSFER $2,881,391 $2,456,680 $2,586,310 $2,586,310 $2,574,850 ($11,460) 0%
OUT

$23,351,81 $23,196,95 $26,526,74
EXPENSES TOTAL $27,510,823 $28,613,176 $1,102,353 4%
1 9 1
$5,638,368 $6,726,333 $182,554 $1,398,346 $16,600 – –
Surplus (Deficit)

REVENUE DETAIL

ACTUALS ADOPTED ESTIMATED ADOPTED
FY2023 FY2024 FY2025 FY2025 FY2026

Revenues
CVB
HOTEL OCCUPANCY TAXES $12,502,669 $12,626,318 $11,904,468 $11,904,468 $12,523,172
HOTEL OCCUPANCY TAXES OL1 $5,356,764 $5,615,134 $4,290,473 $4,290,473 $4,456,530
HOTEL OCCUPANCY TAXES P&I $4,758 $11,624 $0 $0 $0
CONVENTION CENTER RENTALS $411,849 $451,841 $525,000 $525,000 $535,000
PALACE RENTAL REVENUE $322,046 $250,482 $354,000 $354,000 $360,000
CONCESSIONS PALACE $109,352 $104,843 $145,502 $145,502 $155,000
VIC SOUVENIR SALES $5,101 $54,094 $25,000 $25,000 $25,000
VIC GRAPEVINE MAIN $49,966 $26,247 $25,000 $25,000 $30,000
CONCOURSE FOOD & BEVERAGE SALE $0 $0 $0 $0 $12,000
CONCOURSE RENTALS $0 $0 $0 $0 $70,000
MERCHANDISE RESALE $154,067 $154,376 $165,524 $165,524 $175,000
CATERING PERCENT OF SALES $42,892 $37,158 $43,594 $43,594 $55,000
COTTON BELT $106,671 $130,685 $155,000 $155,000 $160,000
LEASE REVENUE ($1,421) ($938) $0 $0 $0
MUSEUM PROGRAMS $26,287 $32,859 $40,000 $44,000 $45,000
TRAIN $4,027,801 $3,979,093 $3,950,000 $3,950,000 $4,195,750
SISTER CITY $4,629 $28,050 $12,000 $12,000 $12,000
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