Page 169 - Watauga FY21 Budget

SPECIAL REVENUE FUNDS
CRIME CONTROL DISTRICT – FUND 18

The Crime Control and Prevention District was established to account for a one-half cent sales tax increase
approved by voters on March 23, 1996, for an initial five years. On May 5, 2001, voters extended the sales tax
collection for ten more years. The purpose of the increase in sales tax is to enhance law enforcement in
Watauga. The additional funding is used to add officers and purchase additional equipment and supplies for
law enforcement purposes. A ten-year extension of the sales tax was passed during the November 2010
election.

This is a Special Revenue Fund and is used to account for specific revenues that are legally restricted to
expenditures for particular purposes. The fund is accounted for on the modified accrual basis of accounting.
Revenues are recorded when available and measurable, and expenditures are recorded when the liability is
incurred.

Sales tax revenue for FY2020-2021 is forecasted to be $1,347,000. Sales Tax revenues are projected to be
approximately 11% lower than the FY2019-2020 original budget due to the financial impact of COVID-19.

Where Does the Money Come From?

Where Does the Money Go?
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