HomeMy WebLinkAboutItem 08 - Budget MEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: BRUNO RUMBELOW, CITY MANAGER
MEETING DATE: SEPTEMBER 1, 2026
SUBJECT: ADOPTION OF FISCAL YEAR 2026-2027 ANNUAL OPERATING
BUDGET
RECOMMENDATION: City Council to consider an ordinance adopting the Fiscal Year 2026-2027
City of Grapevine Annual Operating Budget.
FUNDING SOURCE:
BACKGROUND: he FY2026-2027 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 5, and the Public Hearing
held on September 1.
The budget contains fund expenditures in the following amounts:
General Fund $93,898,860.
Permanent Capital Maintenance Fund $5,216,900.
Debt Service Fund $15,811,686.
Stormwater Drainage Fund $2,513,760.
Crime Control & Prevention District Fund $28,723,056.
Lake Parks Special Revenue Fund $3,467,010.
4-B /Trinity Metro Fund $15,900,000.
Economic Development Fund $6,542,195.
Convention & Visitors Bureau Fund $30,377,583.
Convention & Leisure Incentives Fund $5,783,229.
Utility Enterprise Fund (Water) $46,614,551.
Lake Enterprise Fund (Golf) $7,554,277.
The budget presented requires a tax rate of $0.226817. The resolution
approving the proposed property tax rate was presented at the August 4,
City Council meeting. The ordinance to adopt the tax rate will be
considered at the September 15, City Council meeting.
Staff recommends approval.
JLG
ORDINANCE NO. 2026-064
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, 2026 AND ENDING
SEPTEMBER 30, 2027; 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 2026-2027 (FY 2027) 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 FY2026-2027 budget for the different
funds of the City of Grapevine are hereby fixed as follows:
General Fund $ 9378987860
Permanent Capital Maintenance Fund 572167900
Debt Service Fund 1578117686
Stormwater Drainage Fund 275137760
Crime Control & Prevention District Fund 2877237056
Lake Parks Special Revenue Fund 374677010
4-B / Trinity Metro Fund 1579007000
Economic Development Fund 675427195
Convention & Visitors Bureau Fund 3073777583
Convention & Leisure Incentives Fund 577837229
Utility Enterprise Fund 4676147551
Lake Enterprise Fund 775547277
Section 3. That the City Council hereby adopts the proposed Annual Operating
Budget for the fiscal year ending September 30, 2027 and appropriates the funds
contained therein.
Section 4. That a copy of the official adopted FY2026-2027 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 FY2027.
Section 10. That the fact that the fiscal year begins on October 1, 2026 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 1st day of September 2026.
APPROVED:
William D. Tate
Mayor
ATTEST:
Tara Brooks
City Secretary
Ordinance No. 2026-064 2
APPROVED AS TO FORM:
Matthew C.G. Boyle
City Attorney
Ordinance No. 2026-064 3