Page 387 - CityofGrapevineFY26AdoptedBudget

1. General Fund - Accounts for revenues and expenditures relating to the provisions of services to the City such as Police, Fire, Public Works, Parks
& Recreation, Administration, Community Development, Finance, etc.

2. Utility Enterprise Fund - Accounts for all revenues and expenses relating to the operation of the water and wastewater system and related capital
construction.

3. Convention & Visitors Bureau Fund - Accounts for revenues and expenditures relating to the use of hotel occupancy tax receipts. Because of
restricted types of uses allowed for these monies, they are accounted for in a separate fund.

4. Lake Enterprise Fund - Accounts for revenues and expenses relating to Golf Course operations, maintenance and capital improvements for facilities
around Lake Grapevine.

5. General Government Capital Projects Fund - Are those projects that do not meet the criteria for Permanent Street or Capital Maintenance Funding
and are typically funded with bond funds or grants.

6. Capital / Street Maintenance Projects Fund - Include facility repairs or major maintenance and other operating and equipment needs as well as
street overlay programs, curb and gutter repairs and traffic signals, signs and striping maintenance. Projects are designed to maintain a five-year
maintenance schedule and are funded out of an operational transfer from the general fund.

7. Utility and Enterprise Projects Fund - (As with the General Government Capital Projects) are projects for the Utility and Lake Enterprise Funds that do
not meet the criteria for Permanent Street or Capital Maintenance Funding. Funding sources for these projects are typically bond funds or water and
wastewater impact fees.

8. Debt Service Fund - Accounts for all monies involving payment of interest and principal on General Obligation Bonds and Public Property Contractual
Obligations.

9. Stormwater Drainage Utility Fund - This fund provides for the accounting of expenses and revenues related to stormwater drainage administration,
operations and capital improvements.

10. Lake Parks Special Revenue Fund – This fund accounts for all activities necessary to operate and maintain park property on Lake Grapevine
received from the U.S. Army Corps of Engineers.

Fund Balance

GASB

GCISD -

GFOA

General Obligation Bonds (G.O.)

- Uniform minimum standards and guidelines for financial accounting and reporting. They govern the
Generally Accepted Accounting Principles (GAAP)
form and content of the financial statements of an entity. GAAP encompass the conventions, rules and procedures necessary to define accepted
accounting practice at a particular time. They include not only broad guidelines of general application, but also detailed practices and procedures.
GAAP provide a standard by which to measure financial presentations.

GIS –

Goals
condition, service levels provided, etc.)

Governmental Funds

Grant - A contribution by a government or other organization to support a particular function. Typically, these contributions are made to local
governments from state or federal governments.

Home Rule – A limited grant of discretion from a state government to a local municipality, concerning the organization of functions and the raising of
revenue. Without home rule, local municipalities are restricted to functions specified by the state government.

Interest and Sinking Fund

Fund - Fund used to account for the financing of goods or services provided by one department to another department on a cost
Internal Service
reimbursement basis.
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