HomeMy WebLinkAboutItem 05 - Financial Report 4/18/2019
.(RAP VISE.
Quarterly Financial Report
presented by
Greg Jordan
April 16, 2019
GRAP VINE
General Fund Summary F:.),
5ts�
General Fund Revenue Projection
Year-end Projection 30,000,000
Revenues: 68,031,369 25,000,000
Expenditures 67,714,712
Surplus/(Gap): 316,657 20,000,000
Notable factors: 15,000,000
10,000,000
The General Fund is poised to
deliver a healthy surplus 5,000,000
primarily driven off Sales Tax 0 M M _ M ,
and Mixed Beverage Tax y s 2, �; s % T.
aL�iQ°jc�sT PQe� �7s�'L�c
Pf�'9oL
s e o s
s s
■Projection ■Projected Gap ■Projected Surplus
1
4/18/2019
GI�P VINE
General Fund Sales Tax F: �ti.
35,000,000
30,000,000 458
25,000,000
20,000,000 38
21,06
15,000,000
10,000,000
5,000,000
0
A��B A��9A
-YTD -Remaining
3
General Fund *PNE
Revenue Comparison
80,000,000
70,000,000 69,955,426 68,031,369
60,000,000
50,000,000
40,000,000
30,000,000
20,000,000
10,000,000
0
79
A% 4d9
o�
4
2
4/18/2019
General Fund VPE
Expenditure Comparison
70,000,000 68,147,869 67,714,712
60,000,000
50,000,000
40,000,000
30,000,000
20,000,000
10,000,000
0
19
AQP It
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GRAR VINE
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s
Utility Fund Summary F:.),
5ts�
Utility Fund Revenue Projection
Year-end Projection 18,000,000
Revenues: 24,284,352 16,000,000
*Expenditures 23,753,491 14,000,000
Surplus/(Gap): 530,861 12,000,000
Notable factors: 10,000,000
8,000,000
The Utility Fund is on track with
its budget,which anticipated a 6,000,000
$500k surplus for the current 4,000,000
FY 2,000,000
0
o/
df�� dsfo hP�
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to
■Projection ■Projected Gap Projected Surplus
3
4/18/2019
GRA
EVINE
Utility Revenue Comparison
r e• s •� s`
35,000,000
30,349,964
30,000,000
25,000,000 24,284,352
20,000,000
15,000,000
10,000,000
5,000,000
0
T�79A 79 It
O O °fdi r% a9
cf. of
.CRAP VISE.
Golf Fund Summary r F- , A ,*
a� J
Year-end Projection
1,600,000 Golf Fund Revenue Projection
1,400,000
Revenues: 2,882,357 1,200,000
Expenditures 2,961,019
Surplus/(Gap): (78,662) 1,000,000
800,000
Notable factors: 600,000
400,000
Fairway Drive road closure and 200,000
wet, cold winter reduced 0
demand. So far, spring rains °d�� °P ��� ��,c C" T °fh�
continue to impact play.
Summer months combined with s Pis shA 'sem �f�% °g
belt-tightening should close the
gap.
■Projection ■Projected Gap Projected Surplus
4
4/18/2019
%AA�
Golf Revenue Comparison
4,000,000
3,133,750
3,000,000 2882357
2,000,000
1,000,000
0
79, 9I
4q,9
ef. Af
9
.CRAP VISE.
Lake Parks Fund Summary ,r F , A ,*
�a� J
Lake Parks Revenue Projection
Year-end Projection 2,400,000
Revenues: 2,698,305 2,000,000
Expenditures 2,688,064
Surplus/(Gap): 10,241 1,600,000
1,200,000
Notable factors:
-High lake levels forced some 800,000
park closures early in the FY.
-Campgrounds and aoo,000
Meadowmere closed on Oct o
26 and reopened Dec 14, a° e oN F� �� 0,
2018
AS, ANS
■Projection ■Projected Gap Projected Surplus
io
5
4/18/2019
GR VINE
Lake Parks ,
Revenue Comparison
4,000,000
3,000,000 2,698,305
2,535,212
2,000,000
1,000,000
0
c�78J, J, c�719 c�79,o 79�
O O °fa, -!e 4a9
o�
11
;IAP VISE.
Hotel Occupancy Tax F X A ,�
X J
24,000,000
21,000,000 19,809,760 20,374,256
18,000,000
15,000,000
8,290
12,000,000
9,000,000
6,000,000
3,000,000 7176 5,966
0
■YTD ■Remaining
12
6
4/18/2019
GRA V1N"E
Mixed Beverage
2,000,0005
1,839 788
1,600,000
1,200,000
1,405
800,000
400,000
434, 4 9
0
X,��� A\ X,
T�76 � � � � --'910
J•�
a YTD ■Remaining
13
.CRAP VISE.
Unemployment Rate �T F. , A ,�
Feb 2014 — Feb 2019
9.0
8.0
6.0
5.0
4.0% 3.8
3.0% %
2.0
1.0%
0.0
e6 Edi 949. "ok e6 Edi 949. wok e6 Edi 949. wok e6 Edi 949. wok e6 Edi 949. wok e6
7R JQ J� JF 7S, JS JS JS 7s 76 J6 JS 7) J] J> J] 78 J8 J8 J8 79
—Grapevine —National
14
7
4/18/2019
Gl�A� 1
Monthly Financial Report
Summary
All major funds are projected to end FY19 at
or near adopted budget
Grapevine unemployment estimates below
national average
Local economy remains sound
15
.CRAP VI -
)E-T FY i 4"t
Quarterly Financial Report
presented by
Greg Jordan
April 16, 2019
8