Page 231 - Watauga FY21 Budget
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PROPRIETARY FUNDS
FLEET INTERLOCAL – FUND 21
The Fleet Interlocal fund was established during Fiscal Year 2019-2020 when Council
approved a resolution to provide vehicle maintenance services for surrounding
government entities.
The Interlocal agreement between the City and entities allows Watauga to provide
vehicle maintenance services for a defined fee. This was established in an effort to
achieve common objectives relating to the services regarding vehicle maintenance and
in the interest of saving taxpayer funding.
Each year the rate schedule set forth in the agreements shall increase per the
Consumer Price Index for All Urban Consumers (CPI-U).
BUDGET SUMMARY
HISTORY PROJECTED YEAR BUDGET %CHANGE
2018-2019 2019-2020 2019-2020 2020-2021 FY2020-2021
Actual Budget Projected Budget vs 2019-2020
Fund Balance, October 1 $0 $0 $0 $2,930
Revenues:
Other Revenue 0 0 20,000 111,300 100.0%
Interest Earnings 0 0 0 0 0.0%
Total Revenues $0 $0 $ 20,000 $ 111,300 100.0%
Total Available Resources $0 $0 $ 20,000 $ 114,230 100.0%
Expenditures:
Personnel 0 0 6,000 12,200 100.0%
Supplies 0 0 8,000 54,700
Maintenance 0 0 3,070 5,000
Expenditures $0 $0 $17,070 71,900 100.0%
TOTAL EXPENDITURES $0 $ - $ 17,070 $ 71,900 100.0%
Fund Balance, September 30 $0 $0 $2,930 $42,330
CHANGE IN FUND BALANCE $0 $0 $2,930 $39,400
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