Page 239 - Watauga FY21 Budget

CIP AND CAPITAL PROJECTS FUNDS

The funding for capital projects is evaluated and planned with a 5-year outlook. The “To Be
Determined” category makes up approximately 73%, or of the 5-year funding plan. This is for future
projects that include streets, drainage and water and wastewater.
REVENUE SOURCES FOR CIP FUND AMOUNT FY19-20 FY20-21 FY21-22 FY22-23 FY23-24 FY24-25
CDBG/Revenues $2,216,598 $338,598 $0 $50,000 $250,000 $50,000 $1,528,000
2016 CO (6M) GENERAL FUND $2,686,500 $2,686,500 $0 $0 $0
2017 CO (7.5M) W&WW $5,707,767 $4,100,767 $1,607,000
2018 CO GENERAL FUND $5,720,500 $2,538,500 $3,182,000
2019 CO W&WW $7,911,410 $1,133,000 $3,538,410 $3,240,000
2019 CO GENERAL FUND $46,000 $46,000
2020 TAX NOTE GENERAL FUND $100,000 $100,000
2020 CO (TBD) GENERAL FUND $2,691,000 $2,691,000
2022 CO (TBD) GENERAL FUND $4,181,000 $445,000 $3,561,000 $175,000
2022 CO (TBD) W&WW $4,000,000 $4,000,000
STORM DRAIN REVENUES STORM $6,494,148 $2,101,519 $2,238,697 $1,833,933 $120,000 $200,000
EDC SALES TAX REVENUES TYPE B $50,000 $50,000
REVENUES UTILITY & GF $650,000 $150,000 $100,000 $100,000 $100,000 $100,000 $100,000
GRANT/REVENUE GENERAL FUND $315,000 $115,000 $50,000 $50,000 $50,000 $50,000
TO BE DETERMINED(TBD) BUILDING $17,550,000 $550,000 $0 $17,000,000
TO BE DETERMINED(TBD) STREETS $15,538,000 $2,125,000 $6,534,000 $2,964,000 $3,915,000
TO BE DETERMINED(TBD) DRAINAGE $44,141,000 $162,000 $1,556,000 $7,801,000 $34,622,000
TO BE DETERMINED(TBD) W&WW $58,869,000 $58,869,000
MAINTENANCE W&S & STREETS W&S REV/STREET MAINT $1,540,000 W&S Rev/ST $340,000 $240,000 $240,000 $240,000 $240,000 $240,000
STREET MAINTENANCE (SALES TAX) STREET MAINT $4,800,000 $800,000 $800,000 $800,000 $800,000 $800,000 $800,000
CIP 2021-2025 $185,207,923 $14,499,884 $14,997,107 $9,045,933 $17,211,000 $12,180,000 $117,274,000

FY2020-2021 PARKS PROJECTS DISCUSSION

™ Description: Splash pad Project – A
water splash pad began in FY2020-2021
and continues this fiscal year. The
project includes installation and design
for a water feature quality of life project
at Capp Smith Park.

Justification: These enhancements
have been requested by Watauga
citizens in the Parks Master Plan, 2016.

Operating Impact: Certificates of
obligation bond proceeds will pay for
these projects. The debt service for the
splash pad will be paid for by the
Economic Development Corporation and
the General Fund I&S portion of the tax
rate. The debt service payment for
these projects are anticipated at
$120,000 annually. Maintenance and
water cost associated with the splash
pad project will be minimalized due to
the filtration system.

231