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HomeMy WebLinkAboutItem 05 - Financial Update viE�T F: S ' f S December Financial Report presented by Greg Jordan January 15, 2019 General Fund Summar T E - X VINE y 'A 9 `7;Q FIT General Fund Revenue Projection Year-end Projection 30,000,000 Revenues: 6777207772 25,000,000 Expenditures 6775947462 Surplus/(Gap): 1267130 20,000,000 Notable factors: 15,000,000 10,000,000 Sales Tax tracking with budget 5,000,000 Property Tax anticipated to 0 come in at budget (Jan, February collections) �,�'�°s OA o fid+ 0 Projection ■ Projected Gap Projected Surplus VINE General Fund Sales Tax } +1 � : 35,000,000 30,000,000 "8,9831180-- 25,000,000 20,000,000 24 062 15,000,000 23,967,232 10,000,000 5,000,000 4,319,05 4,908,1 18 0 1 mak, mak, mak, mak, mak, s 6) �A i YTD ©Remaining �✓ General Fund T E - V Revenue Comparison A- 1 161 .7 80,000,000 70,000,000 69,955426 67,720,772 60,000,000 50,000,000 40,000,000 30,000,000 20,000,000 10,000,000 0 ,70 76 19 coo �� General Fund VINE rr Expenditure Comparison 80,000,000 70 000 000 68,147,869 67,594,462 60,000,000 50,000,000 40,000,000 30,000,000 20,000,000 10,000,000 0 76 79 �7�� ,9 � 7 9 A O % X09 coo �� 'A 9 Utilit Fund Summar T E - X y y , Year-end Projection 20,000,000 Utility Fund Revenue Projection Revenues: 22,393,215 18,000,000 *Expenditures 22,382,098 16,000,000 Surplus/(Gap): 1117116 1470007000 12,000,000 Notable factors: 1070007000 8,000,000 Wetter than normal season has 670007000 reduced demand 470007000 2,000,000 0 0 O Projection Projected Gap Projected Surplus VINE UtilityRevenue Comparison - z "A , 30,000,000 27,855,897 25,000,000 22,393,215 20,000,000 15,000,000 10,000,000 - 5,000,000 0 'A 9 T E - X Golf Fund Summary .- . ;Q FIT Year-end Projection 1 ,600,000 Golf Fund Revenue Projection 1 ,400,000 Revenues: 2,651 ,237 1 ,200,000 Expenditures 2,660,215 1 ,000,000 VINE Surplus/(Gap): (44,978) 800,000 600,000 400,000 Notable factors: 200,000 0 Fairway Drive road closure and 0 G, 4/' '�� �s/ o '16 0<1 6wet cold weather has reduced `' ��� fall demand 19019 00 �g Projection Projected Gap Projected Surplus VINE Golf Revenue Com X A S arson } +� p � . 4,000,000 - 3,133,750 3,000,000 2,615,237 2,000,000 1 ,000,000 0 VINE Lake Parks Fund Summar y - ,,, F.ANA L Year-end Projection 2,400,000 Lake Parks Revenue Projection Revenues: 2„211 ,422 2,000,000 Expenditures 272107205 Surplus/(Gap): 17218 1 ,600,000 1 ,200,000 Notable factors: - High lake levels forced some 800,000 park closures 400,000 - Campgrounds and Meadowmere closed on Oct 0 26720180 �L; C,, �•��,. �' 0 - Campgrounds partially reopened on Dec 14, 2108 x- ° s COs COs - All cabins now open, RV 1 /3 open Projection Projected Gap Projected Surplus Lake Parks Revenue Comparison 4,000,000 3,000,000 2,535,212 2,211 ,422 2,000,000 1 ,000,000 913,884 361 ,458 0 76 70 7(9 770 �a -AO O O O ��i O� has 11 i , r E V A s Hotel O Tax 21 ,000,000 18,000,000 15,000,000 — 12,000,000 16,55 ,114.50 16,825,526 9,000,000 6,000,000 3,000,000 2,984,234 3,059,765 0 175r 176, .70 176) 1719 i YTD ©Remaining Mixed Beverage � 2,000,000 1 ,792,674 1 ,800,000 1 ,600,000 1 ,200,000 1 ,358 1 , 0 00 800,000 400,000 434,302 0 st S 6' 6) 0 r� i YTD ©Remaining Unemployment Rate i „ , Dec 2013 — Nov 2018 9.0% 8.0% 7.0% 6.0% 5.0% 4.0% Nov-18 3.5% 3.0% Nov-18 2.8% 2.0% 1.0% 0.0% 00 6 00 7� 7Q 7Q '7Q 7Q 7�, 7S• '76. 76, 76, 76+ '76, 76, ,7 '7� 7� 76, 76, 76, Grapevine National 14 VINE V 'A 9 Monthly Financial Report Summary . All major funds are projected to end FY1 9 in general alignment with the adopted budget . Grapevine unemployment estimates below national average . Local economy remains sound viE�T F: S ' f S December Financial Report presented by Greg Jordan January 15, 2019