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HomeMy WebLinkAboutItem 11 - Budget AdoptionMEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: BRUNO RUMBELOW, CITY MANAGER MEETING DATE: SEPTEMBER 2, 2025 SUBJECT. ADOPTION OF FISCAL YEAR 2025-2026 ANNUAL OPERATING BUDGET RECOMMENDATION: City Council to consider an ordinance adopting the Fiscal Year 2025-2026 City of Grapevine Annual Operating Budget. FUNDING SOURCE: BACKGROUND: The FY2025-2026 annual operating budget, as proposed, is presented for your consideration. The budget includes the programs discussed at the City Council Budget Workshop held on August 14 and the Public Hearing held on September 2. The budget contains fund expenditures in the following amounts: 100 General Fund $87,686,948 405 Permanent Capital Maintenance Fund $4,899,450 500 Debt Service Fund $15,785,566 304 Stormwater Drainage Fund $1,963,733 305 Crime Control and Prevention District Fund $25,970,265 307 Lake Parks Special Revenue Fund $3,345,198 308 4-13 / Trinity Metro Fund $14,750,000 310 Economic Development Fund $5,695,126 312 Convention and Visitors Bureau Fund $27,917,699 313 Convention and Leisure Incentives Fund $5,193,291 314 Visitor Shuttle System Fund $695,477 200 Utility Enterprise Fund (Water) $44,394,824 202 Lake Enterprise Fund (Golf) $7,302,851 The budget presented requires a tax rate of $0.237228. The resolution approving the proposed property tax rate was presented at the August 5 City Council meeting. The ordinance to adopt the tax rate will be considered at the September 16, City Council meeting. Staff recommends approval. JLG ORDINANCE NO. 2025-054 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF GRAPEVINE, TEXAS ADOPTING THE BUDGET FOR THE CITY OF GRAPEVINE, TEXAS FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2025 AND ENDING SEPTEMBER 30, 2026; PROVIDING FOR INTRA- AND INTERDEPARTMENTAL FUND TRANSFERS; PROVIDING FOR INVESTMENT OF CERTAIN FUNDS; DECLARING AN EMERGENCY; AND PROVIDING AN EFFECTIVE DATE WHEREAS, a notice of public hearing on the budget for the City of Grapevine, Texas for the Fiscal Year 2025-2026 (FY 2026) was heretofore published in accordance with law; and WHEREAS, a public hearing was duly held and all interested persons were given an opportunity to be heard for or against any item therein; and WHEREAS, all constitutional and statutory prerequisites for the approval of this ordinance have been met, including but not limited to the Open Meetings Act; and WHEREAS, the City Council deems the adoption of this ordinance is in the best interests of the health, safety and welfare of the public. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF GRAPEVINE, TEXAS; Section 1. That all matters stated herein above are found to be true and correct and are incorporated herein by reference as if copied in their entirety. Section 2. That the appropriation amounts for the FY2025-2026 budget for the different funds of the City of Grapevine are hereby fixed as follows: 100 General Fund 405 Permanent Capital Maintenance Fund 500 Debt Service Fund 304 Stormwater Drainage Fund 305 Crime Control & Prevention District Fund 307 Lake Parks Special Revenue Fund 308 4-B / Trinity Metro Fund 310 Economic Development Fund 312 Convention & Visitors Bureau Fund 313 Convention & Leisure Incentives Fund 314 Visitor Shuttle System Fund $ 87,686,948 4,899,450 15,785,566 1,963,733 25,970,265 3,345,198 14,750,000 5,695,126 27,917,699 5,193,291 695,477 200 Utility Enterprise Fund 44,394,824 202 Lake Enterprise Fund 7,302,851 Section 3. That the City Council hereby adopts the revised budget for the fiscal year ending September 30, 2025 and the proposed Annual Operating Budget for the fiscal year ending September 30, 2026 and appropriates the funds contained therein. Section 4. That a copy of the official adopted FY2025-2026 budget document shall be kept on file in the office of the City Secretary and the City of Grapevine website. Section 5. That the City Manager be and is hereby authorized to make intra and inter -departmental fund transfers during the fiscal year as becomes necessary in order to avoid over -expenditure of a particular object code. Section 6. That the City Manager is authorized to approve expenditures up to $15,000. Any expenditure over the $15,000 limit requires the approval of the City Council. Section 7. That the City Manager is authorized to reclassify personnel positions within city service as warranted. Section 8. That the City Manager, and/or Assistant City Manager and/or Chief Financial Officer and/or designated investment officer are authorized to invest any funds not needed for current use, whether operating funds or bond funds in Official City Depositories, in any investment instrument authorized by the City's Investment Policy and Investment Strategy and allowed by the Texas Public Funds Investment Act. Section 9. That the reserve requirement for the Lake Enterprise Fund is suspended for FY2026. Section 10. That the fact that the fiscal year begins on October 1, 2025 requires that this ordinance be effective upon its passage and adopted to preserve the public peace, property, health and safety and shall be in full force and effect from and after its passage and adoption, and an emergency is hereby declared. PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF GRAPEVINE, TEXAS on this the 2nd day of September, 2025. APPROVED: William D. Tate Mayor Ordinance No. 2025-054 2 ATTEST: Tara Brooks City Secretary APPROVED AS TO FORM: Matthew C.G. Boyle City Attorney Ordinance No. 2025-054 G 'T T., X A h General Fund FY2025-2026 Proposed Operating Budget General Fund 100 Summary of Revenues and Expenses ACTUALS ADOPTED ESTIMATED PROPOSED BUDGET BUDGET FY2023 FY2024 FY2025 FY2025I FY2025 $ Proposed vs 25 % Proposed vs 25 Bud Bud Revenues PROPERTYTAXES $14,683,291 $15,228,678 $15,794,705 $15,654,958 $16,347,520 $552,815 4% SALES TAXES $39,559,646 $42,231,556 $42,500,000 $43,500,000 $42,500,000 $0 0 MIXED BEVERAGE TAXES $2,701,727 $2,729,204 $2,838,000 $2,750,000 $2,800,000 ($38,000) (1 % ) FRANCHISE FEES $6,708,129 $6,468,138 $6,626,872 $6,559,310 $6,415,000 ($211,872) (3%) LICENSES & PERMITS $1,681,777 $2,386,226 $2,088,388 $2,270,970 $2,282,644 $194,256 9% INTERGOVERNMENTAL $247,890 $917,295 $105,000 $168,582 $74,000 ($31,000) (30%) CHARGES FOR SERVICES $8,221,810 $9,475,518 $7,873,454 $8,939,318 $8,640,581 $767,127 10 FINES & FORFEITURES $1,310,991 $1,258,202 $1,286,000 $1,296,037 $1,285,200 ($800) 0 INVESTMENT INCOME $663,660 $760,651 $410,984 $558,409 $282,511 ($128,473) (31 % ) MISCELLANEOUS $1,295,648 $5,418,545 $986,800 $1,339,469 $1,286,000 $299,200 30% SALE OF CAPITAL ASSETS $273,090 $80,022 $100,000 $34,173 $0 ($100,000) (100 % ) TRANSFERS IN $5,624,881 $5,738,355 $5,314,623 $5,314,623 $5,773,492 $458,869 9% DISTRIBUTED EXPENSES $2,417,031 $2,403,788 $2,656,806 $0 $0 ($2,656,806) (100%) REVENUES TOTAL $85,389,570 $95,096,179 $88,581,632 $88,385,849 $87,686,948 ($894,684) (1%) Expenses PERSONNEL SERVICES $38,278,177 $41,932,333 $42,746,347 $43,784,883 $44,948,529 $2,202,182 5% SUPPLIES $3,895,640 $3,797,675 $4,580,070 $4,398,333 $4,488,242 ($91,828) (2%) REPAIR & MAINTENANCE $2,549,831 $2,248,095 $1,872,760 $2,094,903 $2,116,587 $243,827 13 MISC SERVICES & CHARGES $15,958,716 $17,086,443 $18,403,241 $16,433,623 $16,825,495 ($1,577,746) (9%) DESIGNATED EXPENSES $9,155,640 $10,559,495 $10,414,463 $10,728,262 $11,391,349 $976,886 9% DEBT SERVICES $328,368 $593,949 $0 $0 $0 $0 - CAPITAL OUTLAY $176,647 $3,841,424 $176,700 $289,406 $174,695 ($2,005) (1 % ) OPERATING TRANSFER OUT TRANSFER TO CCPD FUND $4,519,575 $3,759,649 $2,416,788 $2,416,788 $1,345,336 ($1,071,452) (44%) TRANS OUT TO BH FUND 114 $800,000 $0 $0 $0 $0 $0 - TRANSFER TO QOL FUND $1,000,000 $1,709,010 $1,000,000 $1,000,000 $0 ($1,000,000) (100%) TRANSFER TO CAP EQUIP $5,300,000 $5,365,000 $2,071,813 $2,071,813 $1,497,265 ($574,548) (28%) TRANSFER TOPCMFFUND $1,640,000 $2,670,000 $4,899,450 $4,899,450 $4,899,450 $0 0% TRANSFER TO CAP PROJECTS $0 $435,000 $0 $0 $0 $0 - TRANSFER TO DOC MANAGEMENT $0 $37,305 $0 $0 $0 $0 - OPERATING TRANSFER OUT TOTAL $13,259,575 $13,975,964 $10,388,051 $10,388,051 $7,742,051 ($2,646,000) (25%) EXPENSES TOTAL $83,602,594 $94,035,377 $88,581,632 $88,117,461 $87,686,948 ($894,684) (1 % ) Surplus (Deficit) $1,786,977 $1,060,802 $0 $268,388 $0 - - Ending Fund Balance $15,977,437 $17,038,239 $17,038,239 $17,306,627 $17,306,627 - - The FY2026 projected ending fund balance represents 22% of budgeted operating expenses (79 days of operation) 10 Back to Table of Contents T E. Y A S � r- Parmanant C_anitn1/4;traat Mnintannnra Fi inrl Summary of Revenues and Expenses ACTUALS ADOPTED BUDGET ESTIMATED PROPOSED BUDGET FY2023 FY2024 FY2025 FY2025 FY2026 $ Proposed vs 25 Bud % Proposed vs 25 Bud Revenues INTERGOVERNMENTAL $99,774 $66,516 $0 $0 $0 $0 — INVESTMENT INCOME $155,558 $133,630 $30,000 $153,139 $70,848 $40,848 136% TRANSFERSIN $1,640,000 $2,670,000 $4,899,450 $4,899,450 $4,899,450 $0 0% REVENUES TOTAL $1,895,332 $2,870,146 $4,929,450 $5,052,589 $4,970,298 $40,848 1 Expenses PERSONNEL SERVICES $89,998 $0 $0 — — $0 — REPAIR & MAINTENANCE TRANSPORTATION INFRASTRUCTURE $2,158,004 $1,995,858 $2,232,450 $2,436,998 $2,232,450 $0 0% BUILDING MAINTENANCE $832,592 $412,048 $805,000 $663,000 $805,000 $0 0% RECREATION FACILITIES MAINT $1,139,750 $1,433,185 $1,862,000 $1,862,000 $1,862,000 $0 0 REPAIR & MAINTENANCE TOTAL $4,130,346 $3,841,091 $4,899,450 $4,961,998 $4,899,450 $0 0 CAPITAL OUTLAY $17,369 $0 $0 $0 $0 $0 — i EXPENSES TOTAL $4,237,712 $3,841,091 $4,899,450 $4,961,998 $4,899,450 $0 0 Surplus (Deficit) ($2,342,381) ($970,945) $30,000 $90,591 $70,848 — — Ending Fund Balance $1,987,580 $1,016,635 $1,046,635 $1,107,226 $1,178,074 — — 109 Back to Table of Contents *717) .. rif Debt Service Fund FY2025-26 Proposed Operating Budget Debt Service Fund 500 Summary of Revenues and Expenses ACTUALS ADOPTED BUDGET ESTIMATED PROPOSED BUDGET FY2023 FY2024 FY2025 FY2025 FY2026 $ Proposed vs 25 Bud % Proposed vs 25 Bud i Revenues PROPERTYTAXES $13,096,408 $12,778,196 $13,070,000 $12,955,000 $13,025,590 ($44,410) 0% INVESTMENT INCOME $342,176 $388,246 $150,000 $399,824 $197,915 $47,915 32% MISCELLANEOUS $7,094 $0 $0 $0 $0 $0 - TRANSFERS IN $1,401,444 $1,398,169 $3,971,468 $2,563,885 $2,562,061 ($1,409,407) (35%) REVENUES TOTAL $14,847,122 $14,564,610 $17,191,468 $15,918,709 $15,785,566 ($1,405,902) (8%) Expenses MISC SERVICES & CHARGES $198,833 $169,148 $0 $95,000 $175,000 $175,000 - DEBT SERVICES $14,205,158 $13,844,429 $16,403,544 $14,888,877 $14,959,072 ($1,444,472) (9%) OPERATING TRANSFER OUT $661,919 $659,944 $666,056 $666,056 $651,494 ($14,562) (2%) EXPENSES TOTAL $15,065,910 $14,673,521 $17,069,600 $15,649,933 $15,785,566 ($1,284,034) (8%) Surplus (Deficit) ($218,788) ($108,910) $121,868 $268,776 $0 - - Ending Fund Balance $6,778,613 $6,669,702 $6,791,570 $6,938,478 $6,938,478 - - The FY2026 projected ending fund balance represents 46% of budgeted operating expenses (167 days of operation) Expense Detail ACTUALS ADOPTED BUDGET ESTIMATED PROPOSED BUDGET FY2023 FY2024 FY2025 FY2025 FY2026 $ Proposed vs 25 Bud % Proposed vs 25 Bud Expenses MISCELLANEOUS EXPENDITURES $198,833 $169,148 $0 $95,000 $175,000 $175,000 - BOND PRINCIPAL 2015 CO $0 $0 $0 $95,000 $115,000 $115,000 - 2015 GO REFUNDING $0 $0 $0 $260,000 $270,000 $270,000 - 2015 PPFCO $0 $0 $0 $70,000 $75,000 $75,000 - 2017 GO REFUNDING $0 $0 $0 $145,000 $150,000 $150,000 - 2017 CO $0 $0 $0 $380,000 $405,000 $405,000 - 2018 CO $0 $0 $0 $1,460,000 $1,535,000 $1,535,000 - 2018 4B TAX REFUND $0 $0 $0 $985,000 $1,015,000 $1,015,000 - 2019 GO $0 $0 $0 $1,163,537 $1,515,000 $1,515,000 - 2019 GO REFUNDING $0 $0 $0 $281,463 $0 $0 - 2021 GO REFUNDING $0 $0 $0 $4,045,000 $4,145,000 $4,145,000 - 2021 CO $0 $0 $0 $405,000 $420,000 $420,000 - 2022 CO $0 $0 $0 $780,000 $815,000 $815,000 - 2024 CO $0 $0 $0 $432,250 $498,225 $498,225 - NO PROJECT $10,090,000 $9,900,000 $11,100,000 $0 $0 ($11,100,000) (100%) BOND PRINCIPAL TOTAL $10,090,000 $9,900,000 $11,100,000 $10,502,250 $10,958,225 ($141,775) (1 % ) BONDINTEREST 2015 CO $0 $0 $0 $27,969 $24,531 $24,531 - 111 Back to Table of Contents ADOPTED BUDGET ESTIMATED PROPOSED BUDGE FY2023 FY2024 FY2025 FY2025 FY2026 $ Proposed vs 25 Bud % Proposed vs 25 Bud 2015 GO REFUNDING $0 $0 $0 $12,000 $4,050 $4,050 - 2015 PPFCO $0 $0 $0 $4,400 $1,500 $1,500 - 2017 GO REFUNDING $0 $0 $0 $9,825 $6,150 $6,150 - 2017 CO $0 $0 $0 $221,694 $202,069 $202,069 - 2018 CO $0 $0 $0 $958,300 $883,425 $883,425 - 20184B TAX REFUND $0 $0 $0 $413,453 $381,569 $381,569 - 2019 GO $0 $0 $0 $573,233 $652,700 $652,700 - 2019 GO REFUNDING $0 $0 $0 $138,667 $0 $0 - 2021 GO REFUNDING $0 $0 $0 $507,443 $441,086 $441,086 - 2021 CO $0 $0 $0 $248,550 $232,050 $232,050 - 2022 CO $0 $0 $0 $505,000 $473,100 $473,100 - 2024 CO $0 $0 $0 $765,593 $697,617 $697,617 - NO PROJECT $4,114,266 $3,944,174 $5,303,544 $0 $0 ($5,303,544) (100%) BOND INTEREST TOTAL $4,114,266 $3,944,174 $5,303,544 $4,386,127 $3,999,847 ($1,303,697) (25%) FISCAL AGENT CHARGES $892 $256 $0 $500 $1,000 $1,000 TRANSFER TO UTILITY FUND $661,919 $659,944 $666,056 $666,056 $651,494 ($14,562) (2%) EXPENSES TOTAL $15,065,910 $14,673,521 $17,069,600 $15,649,933 $15,785,566 ($1,284,034) (8%) 112 Back to Table of Contents Stormwater Drainage FY2025-2026 Proposed Operating Budget Fund 304 Summary of Revenue and Expenses ACTUALS ADOPTED BUDGET I ESTIMATED PROPOSED BUDGET FY2023 FY2024 FY2025I FY2025 FY2026 $ Proposed vs 25 Bud % Proposed vs 25 Bud Revenues CHARGES FOR SERVICES $1,520,316 $1,535,961 $1,540,000 $1,500,000 $1,500,000 ($40,000) (3%) INVESTMENT INCOME $55,075 $39,814 $17,000 $36,111 $18,277 $1,277 8% MISCELLANEOUS $0 $1,599,737 $0 $0 $0 $0 - PREMIUM ON BONDS $0 $108,826 $0 $0 $0 $0 - REVENUES TOTAL $1,575,391 $3,284,338 $1,557,000 $1,536,111 $1,518,277 ($38,723) (2%) Expenses PERSONNEL SERVICES $535,820 $624,879 $699,812 $709,165 $729,956 $30,144 4% SUPPLIES $24,159 $19,016 $35,700 $15,700 $24,700 ($11,000) (31%) REPAIR & MAINTENANCE $166,752 $175,236 $125,000 $124,000 $125,000 $0 0 MISC SERVICES & CHARGES $301,417 $409,644 $232,767 $227,911 $234,975 $2,208 1 DESIGNATED EXPENSES $187,348 $223,291 $221,560 $223,517 $205,881 ($15,679) (7%) DEBT SERVICES $0 $8,563 $0 $0 $0 $0 - CAPITAL OUTLAY $239,893 $1,827,970 $535,000 $266,382 $315,000 ($220,000) (41 % ) OPERATING TRANSFER OUT $117,364 $101,680 $332,840 $332,840 $328,221 ($4,619) (1%) EXPENSES TOTAL $1,572,753 $3,39D,280 $2,182,679 $1,899,515 $1,963,733 ($218,946) (10 % ) Surplus (Deficit) $2,638 ($105,943) ($625,679) ($363,404) ($445,456) - - Ending Fund Balance $1,455,737 $1,349,795 $724,116 $986,391 $540,935 - - The FY2026 projected ending fund balance represents 33% of budgeted operating expenses (121 days of operation) 113 Back to Table of Contents Crime Control & Prevention District Fund FY2025-2026 Proposed Operating Budget Fund 305 Summary of Revenue and Expenses ACTUALS ADOPTED ESTIMATED PROPOSED BUDGET BUDGET FY2023 FY2024 FY2025 FY2025 FY2026 Revenues $ Proposed vs 25 % Proposed vs 25 Bud Bud SALES TAXES $19,411,625 $20,738,246 $21,250,000 $21,750,000 $21,250,000 $0 0% INTERGOVERNMENTAL INTERGOVERNMENTAL REVENUES $5,877 $229,226 $0 $133,537 $215,235 $215,235 - JAIL SERVICES $445,969 $445,969 $446,000 $446,000 $122,000 ($324,000) (73%) INTERGOVERNMENTAL TOTAL $451,846 $675,195 $446,000 $579,537 $337,235 ($108,765) (24%) FINES & FORFEITURES COMMERCIAL VEHICLE $61,183 $59,419 ENFORCEMENT $70,000 $0 $0 ($70,000) (100%) CITY CHILD SAFETY FEES $560 $475 $600 $0 $0 ($600) (100%) SCHOOL CROSSING GUARD $2,830 $1,400 $4,500 $1,249 $1,300 ($3,200) (71%) FINES & FORFEITURES TOTAL $64,573 $61,294 $75,100 $1,249 $1,300 ($73,800) (98%) INVESTMENT INCOME $421,875 $521,242 $35,000 $438,260 $274,192 $239,192 683% MISCELLANEOUS $33,318 $92,119 $6,500 $0 $0 ($6,500) (100%) TRANSFERSIN TRANSFER IN GENERAL FUND $4,519,575 $3,759,649 $2,416,788 $2,416,788 $1,345,336 ($1,071,452) (44%) TRANSFERS IN TOTAL $4,519,575 $3,759,649 $2,416,788 $2,416,788 $1,345,336 ($1,071,452) (44%) REVENUES TOTAL $24,902,812 $25,847,745 $24,229,388 $25,185,834 $23,208,063 ($1,021,325) (4%) Expenses PERSONNEL SERVICES $15,359,478 $16,294,913 $16,607,727 $17,294,667 $17,797,357 $1,189,630 7% SUPPLIES $617,530 $858,506 $955,875 $771,473 $904,987 ($50,888) (5%) REPAIR & MAINTENANCE $217,702 $194,895 $484,350 $483,800 $344,350 ($140,000) (29%) MISC SERVICES & CHARGES $1,816,266 $1,960,761 $2,465,044 $2,507,756 $2,729,400 $264,356 11 DESIGNATED EXPENSES $3,173,800 $3,993,528 $3,716,392 $3,716,392 $4,154,171 $437,779 12% DEBT SERVICES $283,612 $86,848 $0 $0 $0 $0 - CAPITAL OUTLAY ($228,474) $158,912 $0 $938 $40,000 $40,000 - EXPENSES TOTAL $21,239,914 $23,548,362 $24,229,388 $24,775,026 $25,970,265 $1,740,877 7% Surplus (Deficit) $3,662,898 $2,299,383 $0 $410,808 ($2,762,202) - - Ending Fund Balance $6,548,286 $8,847,669 $8,847,669 $9,258,480 $6,496,278 The FY2026 projected ending fund balance represents 25% of budgeted operating expenses (91 days of operation) 117 Back to Table of Contents FY2025-2026 Proposed Operating Fund 307 Summary of Revenue and Expenses ACTUALS ADOPTED BUDGET ESTIMATED PROPOSED BUDGET FY2023 FY2024 FY2025 FY2025 FY2026 $ Proposed vs 25 Bud % Proposed vs 25 Bud Revenues CHARGES FOR SERVICES BOAT RAMP FEES $100,984 $74,417 $130,000 $100,000 $125,000 ($5,000) (4%) PAVILION FEES $32,973 $27,958 $70,000 $75,000 $85,000 $15,000 21 CAMPING FEES $2,471,614 $1,638,041 $2,400,000 $2,402,000 $2,405,000 $5,000 0% ENTRANCE FEES $414,714 $198,948 $400,000 $340,000 $400,000 $0 0 RECREATION FEES $191,677 $123,311 $171,800 $200,000 $181,000 $9,200 5% EVENT & PROGRAM FEES $12,642 $5,228 $70,000 $10,000 $15,000 ($55,000) (79 % ) DAY CAMP $110,069 $100,629 $275,000 $275,000 $275,000 $0 0 SALE OF MERCHANDISE $162,285 $77,661 $130,000 $104,366 $130,000 $0 0 CHARGES FOR SERVICES TOTAL $3,496,957 $2,246,192 $3,646,800 $3,506,366 $3,616,000 ($30,800) (1%) INVESTMENT INCOME $59,546 $66,372 $0 $29,692 $12,708 $12,708 - MISCELLANEOUS $9,287 $10,720 $10,000 $13,065 $10,000 $0 0% SALE OF CAPITAL ASSETS $0 $0 $0 $185,000 $40,000 $40,000 - REVENUES TOTAL $3,565,790 $2,323,284 $3,656,800 $3,734,123 $3,678,708 $21,908 1 Expenses PERSONNEL SERVICES $543,648 $651,406 $692,837 $732,988 $758,423 $65,586 9% SUPPLIES $209,406 $140,196 $229,950 $149,142 $206,450 ($23,500) (10%) REPAIR & MAINTENANCE $250,327 $350,282 $338,250 $328,778 $334,500 ($3,750) (1 % ) MISC SERVICES & CHARGES $1,849,988 $1,780,689 $1,632,983 $1,725,363 $1,762,042 $129,059 8 DESIGNATED EXPENSES $97,919 $175,555 $204,444 $205,391 $129,133 ($75,311) (37%) CAPITAL OUTLAY $114,945 $81,190 $252,000 $1,069,057 $104,000 ($148,000) (59%) OPERATING TRANSFER OUT $0 $0 $50,830 $50,830 $50,650 ($180) 0 EXPENSES TOTAL $3,066,234 $3,179,319 $3,401,294 $4,261,549 $3,345,198 ($56,096) (2%) Surplus (Deficit) $499,556 ($856,035) $255,506 ($527,426) $333,510 - - Ending Fund Balance $778,833 ($77,202) $178,304 ($604,628) ($271,118) - - 131 Back to Table of Contents T E. Y .5 S 4B Transit Fund (TexRail) FY2025-2026 Proposed Operating Budget Fund 308 Department Description The 413 Transit Fund provides funding for the development of commuter rail service. Voters approved a 3/8-cent sales tax increase that commenced on April 1, 2007. The fund is also responsible for accumulating funding for the land acquisition, design, construction and operation of a passenger rail station and providing funding for 50% of the operations of the Grapevine Visitor Shuttle system. FY26 Department Goals • Enhance mobility across Tarrant County. • Increase access to Historic Downtown Grapevine and other Grapevine visitor destinations. Revenue and Expense Detail ACTUALS ADOPTED ESTIMATE PROPOSED BUDGET BUDGET FY2023 FY2024 FY2025 FY2025 FY2026 Revenues $ Change From FY25 % Change from FY25 Bud Bud SALES TAXES $13,892,702 $14,900,925 $15,937,500 $15,111,875 $14,750,000 ($1,187,500) (7%) INTEREST ON INVESTMENTS $2,827 $0 $0 $0 $0 $0 — REVENUES TOTAL $13,895,529 $14,900,925 $15,937,500 $15,111,875 $14,750,000 ($1,187,500) (7%) Expenses INTERGOVERNMENTAL EXPENDITURES $13,587,660 $14,499,325 $15,511,684 $14,709,028 $14,390,043 ($1,121,641) (7%) SALES TAX PAID TO BE EXPENSED $0 $0 $0 $0 $0 $0 — TRANSFER TO GVE $0 $2,827 $0 $0 $0 $0 — TRANSFER TO SHUTTLE FUND $328,388 $356,836 $425,816 $402,847 $359,957 ($65,859) (15 %) EXPENSES TOTAL $13,916,048 $14,858,988 $15,937,500 $15,111,875 $14,750,000 ($1,187,500) (7%) Surplus (Deficit) ($20,518) $41,937 $0 $0 $0 — — Ending Fund Balance $2,827 $44,764 $44,764 $44,764 $44,764 — — 146 Back to Table of Contents Economic Development FY2025-2026 Proposed Operating Fund 310 Summary of Revenue and Expenses ACTUALS ADOPTED BUDGET I ESTIMATED PROPOSED BUDGET FY2023 FY2024 FY2025I FY2025 FY2026 $ Proposed vs 25 Bud % Proposed vs 25 Bud Revenues SALES TAXES $5,874,104 $6,202,388 $5,312,500 $6,337,500 $6,500,000 $1,187,500 22% INVESTMENT INCOME $489,913 $649,451 $341,715 $546,852 $382,626 $40,911 12 MISCELLANEOUS $64,854 $0 $0 $8,399,321 $0 $0 — TRANSFERS IN $0 $2,827 $0 $0 $0 $0 — REVENUES TOTAL $6,428,872 $6,854,666 $5,654,215 $15,283,673 $6,882,626 $1,228,411 22% Expenses PERSONNEL SERVICES $396,380 $461,404 $490,259 $494,672 $509,070 $18,811 4 SUPPLIES $1,486 $738 $12,800 $7,000 $9,500 ($3,300) (26%) MISC SERVICES & CHARGES $1,795,821 $4,326,917 $3,274,995 $3,575,307 $3,298,376 $23,381 1 DESIGNATED EXPENSES $82,152 $52,875 $79,270 $79,270 $62,565 ($16,705) (21 % ) CAPITAL OUTLAY $0 $0 $0 $5,552,475 $0 $0 — OPERATING TRANSFER OUT $1,878,745 $1,868,767 $1,796,891 $1,796,891 $1,815,615 $18,724 1 EXPENSES TOTAL $4,154,584 $6,71D,701 $5,654,215 $11,505,615 $5,695,126 $40,911 1 Surplus (Deficit) $2,274,288 $143,966 $0 $3,778,058 $1,187,500 — — Ending Fund Balance $15,663,230 $15,807,195 $15,807,195 $19,585,253 $20,772,753 — — 147 Back to Table of Contents Convention and Visitors Bureau and Visitor Shuttle System Funds FY2025-2026 Proposed Operating Budget Funds 312 and 314 Summary of Revenue and Expenses Revenues HOTEL OCCUPANCY TAXES CHARGES FOR SERVICES INVESTMENT INCOME CONTRIBUTIONS MISCELLANEOUS TRANSFERS IN REVENUES TOTAL Expenses PERSONNEL SERVICES SUPPLIES REPAIR & MAINTENANCE MISC SERVICES & CHARGES DESIGNATED EXPENSES DEBT SERVICES CAPITAL OUTLAY OPERATING TRANSFER OUT EXPENSES TOTAL Surplus (Deficit) Ending Fund Balance ACTUALS ADOPTED BUDGET ESTIMATED PROPOSED BUDGET FY2023 FY2024 FY2025 FY2025 FY2026 $ Proposed vs 25 Bud % Proposed vs 25 Bud $17,864,191 $18,253,076 $16,194,941 $15,194,941 $16,979,702 $784,761 5% $9,828,101 $9,905,975 $10,052,620 $9,713,620 $10,103,325 $50,705 1 $859,616 $1,307,379 $908,000 $1,151,679 $774,792 ($133,208) (15%) $1,000 $1,000 $1,000 $1,000 $1,000 $0 0% $108,884 $91,862 $111,000 $461,000 $411,000 $300,000 270% $328,388 $363,999 $425,816 $402,847 $359,957 ($65,859) (15%) $28,990,179 $29,923,292 $27,693,377 $27,925,087 $28,629,776 $936,399 3 $6,543,022 $7,033,107 $8,174,926 $7,192,803 $8,397,345 $222,419 3% $553,564 $470,378 $683,525 $643,725 $621,630 ($61,895) (9%) $366,169 $334,581 $318,512 $318,512 $387,662 $69,150 22% $11,537,869 $10,819,814 $13,859,871 $13,863,419 $14,497,423 $637,552 5% $1,388,774 $1,770,448 $1,887,679 $1,889,320 $1,834,266 ($53,413) (3%) $152,345 $35,550 $0 $0 $0 $0 - ($71,324) $276,401 $0 $32,652 $300,000 $300,000 - $2,881,391 $2,456,680 $2,586,310 $2,586,310 $2,574,850 ($11,460) 0% $23,351,811 $23,196,959 $27,510,823 $26,526,741 $28,613,176 $1,102,353 4% $5,638,368 $6,726,333 $182,554 $1,398,346 $16,600 - - $25,613,913 $32,340,246 $32,522,800 $33,738,592 $33,755,192 - - 151 Back to Table of Contents Convention and Visitors Bureau Incentives Fund FY2025-2026 Proposed Operating Budget Fund 313 Summary of Revenue and Expenses ACTUALS ADOPTED BUDGET I ESTIMATED PROPOSED BUDGET FY2023 FY2024 FY2025I FY2025 FY2026 $ Proposed vs 25 Bud % Proposed vs 25 Bud Revenues HOTEL OCCUPANCY TAXES $6,100,804 $6,313,964 $5,201,932 $5,201,932 $5,429,594 $227,562 4% INVESTMENT INCOME $252,877 $340,193 $180,000 $314,368 $155,129 ($24,871) (14%) CONTRIBUTIONS $88,436 $60,944 $15,000 $15,000 $15,000 $0 0% REVENUES TOTAL $6,442,117 $6,715,101 $5,396,932 $5,531,300 $5,599,723 $202,791 4% Expenses MISC SERVICES & CHARGES $5,937,846 $5,105,974 $5,009,419 $5,009,419 $5,193,291 $183,872 4 DESIGNATED EXPENSES $4 $1,328 $0 $0 $0 $0 — EXPENSES TOTAL $5,937,850 $5,107,301 $5,009,419 $5,009,419 $5,193,291 $183,872 4% Surplus (Deficit) $504,267 $1,607,800 $387,513 $521,881 $406,432 — — Ending Fund Balance $5,887,951 $7,495,751 $7,883,264 $8,017,632 $8,424,064 176 Back to Table of Contents Water Utility Enterprise Fund FY2025-2026 Proposed Operating Budget Funds 200 and 201 Summary of Revenue and Expenses ACTUALS ADOPTED ESTIMATED BUDGET PROPOSED BUDGET FY2023 FY2024 FY2025 FY2025 Revenues FY2025 $ Proposed vs 25 Bud % Proposed vs 25 Bud LICENSES & PERMITS $152,956 $441,001 $0 $0 $0 $0 — INTERGOVERNMENTAL $0 $200,000 $0 $0 $0 $0 — CHARGES FOR SERVICES $31,205,082 $32,877,602 $38,072,646 $35,577,467 $45,206,412 $7,133,766 19 INVESTMENT INCOME $1,507,069 $1,854,712 $200,525 $2,113,000 $825,729 $625,204 312% MISCELLANEOUS $1,278,424 $936,826 $975,000 $221,139 $20,000 ($955,000) (98%) SALE OF CAPITAL ASSETS $69 ($45,026) $0 $0 $0 $0 — CAPITAL CONTRIBUTIONS $1,111,730 $1,813,966 $0 $0 $0 $0 — TRANSFERS IN $2,845,402 $13,532,643 $566,056 $666,056 $651,494 ($14,562) (2%) REVENUES TOTAL $38,100,731 $51,611,724 $39,914,227 $38,577,662 $46,703,635 $6,789,408 17 Expenses PERSONNEL SERVICES $4,289,479 $4,344,777 $4,733,745 $4,642,222 $4,778,145 $44,400 1% SUPPLIES $2,000,208 $1,451,547 $1,830,282 $1,804,852 $1,796,482 ($33,800) (2%) REPAIR & MAINTENANCE $2,675,199 $2,188,194 $2,401,078 $3,459,005 $2,886,640 $485,562 20 MISC SERVICES & CHARGES $21,086,295 $22,854,277 $23,911,837 $24,820,660 $27,768,108 $3,856,271 16 DESIGNATED EXPENSES $1,058,248 $1,184,222 $1,251,147 $1,253,510 $1,369,355 $118,208 9% DEBT SERVICES $482,687 $445,898 $669,056 $2,101,223 $2,083,877 $1,414,821 211 CAPITAL OUTLAY $0 $0 $675,000 $2,141,650 $283,500 ($391,500) (58%) OPERATING TRANSFER OUT TRANSFER TO GENERAL FUND $2,215,207 $1,983,932 $2,745,155 $2,745,155 $3,205,250 $460,095 17% TRANSFER TO UTILITY FUND $2,183,483 $6,436,438 $0 $0 $0 $0 — TRANSFER TO UTILITY CAP $0 $6,379,870 $0 $0 $0 $0 — TRANSFER TO DEBT SERVICE $0 $0 $1,632,815 $225,232 $223,467 ($1,409,348) (86%) OPERATING TRANSFER OUT TOTAL $4,398,690 $14,800,240 $4,377,970 $2,970,387 $3,428,717 ($949,253) (22%) Description pending EXPENSES TOTAL $35,990,805 $47,269,154 $39,850,115 $43,193,509 $44,394,824 $4,544,709 11 Surplus (Deficit) $2,109,926 $4,342,570 $64,112 ($4,615,847) $2,308,811 — — Ending Fund Balance $19,371,297 $23,713,867 $23,777,979 $19,098,020 $21,406,831 — — The FY2026 projected ending working capital balance represents 52% of budgeted operating expenses (191 days of operation) 179 Back to Table of Contents Lake Enterprise (Golf) Fund FY2025-2026 Proposed Operating Budget Fund 202 Summary of Revenues and Expenses ACTUALS ADOPTED BUDGET ESTIMATED PROPOSED BUDGET FY2023 FY2024I FY2025 FY2025 FY2026 $ Proposed vs 25 Bud % Proposed vs 25 Bud Revenues CHARGES FOR SERVICES CLUB RENTAL REVENUES $29,479 $32,279 $30,000 $39,000 $35,000 $5,000 17 CART RENTALS $877,701 $971,392 $990,000 $1,011,000 $1,050,000 $60,000 6% TOURNAMENTFEES $9,436 $9,612 $10,000 $12,000 $12,000 $2,000 20% DRIVING RANGE REVENUE $273,494 $295,321 $282,000 $349,000 $310,000 $28,000 10 FOOD & BEVERAGE REVENUE $1,216,875 $1,464,660 $1,616,000 $1,700,417 $1,804,994 $188,994 12 MERCHANDISE SALES $455,514 $424,127 $450,000 $475,000 $475,000 $25,000 6% GREEN FEES $2,148,233 $2,269,887 $2,500,000 $2,464,000 $2,600,000 $100,000 4% ANNUAL GREEN FEE MEMBERSHIPS $380,850 $435,500 $480,000 $480,000 $500,000 $20,000 4 LESSON INCOME $47,570 $89,949 $60,000 $97,000 $100,000 $40,000 67% GOLF SUB LEASE $429,118 $452,518 $450,000 $401,393 $450,000 $0 0 CHARGES FOR SERVICES TOTAL $5,868,271 $6,445,244 $6,868,00D $7,028,810 $7,336,994 $468,994 7 INVESTMENT INCOME $16,082 $1,607 $16,000 $4,830 $2,694 ($13,306) (83%) MISCELLANEOUS $29,085 $11,273 $25,000 $9,000 $9,000 ($16,000) (64%) SALE OF CAPITAL ASSETS $0 $0 $230,400 $230,400 $6,400 ($224,000) (97 % ) CAPITAL CONTRIBUTIONS $0 $25,500 $0 $0 $0 $0 - REVENUES TOTAL $5,913,438 $6,483,624 $7,139,400 $7,273,040 $7,355,088 $215,688 3% Expenses PERSONNEL SERVICES $2,804,810 $3,034,792 $2,891,305 $2,884,602 $2,992,190 $100,885 3% SUPPLIES $1,232,867 $1,256,521 $1,253,000 $1,289,910 $1,328,100 $75,100 6% REPAIR & MAINTENANCE $213,985 $221,194 $202,500 $201,000 $191,000 ($11,500) (6%) MISC SERVICES & CHARGES $784,773 $768,165 $743,381 $808,131 $845,253 $101,872 14 DESIGNATED EXPENSES $787,300 $787,199 $826,714 $838,487 $1,025,808 $199,094 24% DEBT SERVICES $74,100 $55,313 $0 $0 $0 $0 - CAPITAL OUTLAY $0 $0 $1,035,000 $1,065,910 $733,000 ($302,000) (29%) OPERATING TRANSFER OUT $161,118 $166,710 $187,500 $185,000 $187,500 $0 0 EXPENSES TOTAL $6,058,952 $6,289,894 $7,139,400 $7,273,040 $7,302,851 $163,451 2 Surplus (Deficit) ($145,514) $193,730 $0 1 $0 $52,237 - - Ending Fund Balance ($406,521) ($212,791) ($212,791) ($212,791) ($160,554) - - 195 Back to Table of Contents