Page 250 - Watauga FY21 Budget

Utility Construction Fund 45 - Capital Projects
Budget Summary

HISTORY CURRENT YEAR BUDGET
2017-18 2018-19 2019-20 2019-20 2020-21
FUND 45 Actual Actual Budget Projected Budget

Working Capital, at October 1 $7,846,329 $7,305,421 $14,448,237 $14,669,187 $8,019,589
Revenue:
Interest Income 108,757 154,525 150,000 150,000 75,000
Bond Proceeds 0 8,390,000 0 0 0
Transfer from Water Sewer Operating 140,000 140,000 0 0 0
Miscellaneous 36,559 39,084 0 0 0
Total Revenue/Other Sources $285,317 $8,723,609 $150,000 $150,000 $75,000

Total Available Resources $8,131,646 $16,029,030 $14,598,237 $14,819,187 $8,094,589
Expenditures:

Bond Issuance Costs 0 130,094 0
Loss on Refunding 0 0 0 0 0
Building Improvements 0 0 0 0 0
Water & Sewer Mains 60,465 57,483 80,000 80,000 80,000
SSES Repairs 49,657 49,657 160,000 80,000 60,000
2019 Bond Expenditures:
Heavy Equipment 0 0 390,000 390,000 0
Motor Vehicles 0 0 0 0 0
Water Tower Improvements 15,220 0 0 0 0
CDBG 0 0 205,000 338,598 0
Water & Wastewater Improvements 2019 8,000,000 1,810,000 3,538,410
2012//2017 Water & Wastewater Improvements 349,955 1,343,558 5,781,220 4,101,000 1,607,000
Total Expenditures $475,297 $1,580,793 $14,616,220 $6,799,598 $5,285,410
Depreciation $433,225 $502,171 $0 $0 $0
Transfers:
Transfer 0 0 0 0 0
Total Transfers $0 $0 $0 $0 $0

Cash Balance, September 30 $7,656,349 $14,448,237 ($17,983) $8,019,589 $2,809,179

Revenue over (under) Expense (189,980) 7,142,816 (14,466,220) (6,649,598) (5,210,410)
*Budget rolls over each Fiscal Year until completion

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