Page 28 - Watauga FY21 Budget

BUDGET MESSAGE FOR FY 2020-2021

We expect sales tax revenues collected for the year to total $708,000. Street
maintenance projects funded for the year total $908,000, leaving an ending fund
balance of $1,020,287.

¾ Crime Control and Prevention District Fund

Sales tax revenues are generated from a ½ cent sales tax and are expected to
be $1,347,000. Total revenues are forecast to be $1,501,000, The FY2020-2021
operating budget is $1,553,650. Ending fund balance is projected to be
$495,920.

¾ Library Donation Fund

Estimated revenues for this fund are expected to be $6,100. Revenues represent
donations made by customers as part of utility bill payment. The budget

expenditure of $10,700 will leave an estimated ending fund balance of
$45,175.

¾ PEG Fee Fund

This fund was created in FY2017-2018 to account for a 1% PEG (public,
educational or governmental) fee received from Cable Providers operating in the
City. Revenue estimates are conservative. Fees are estimated to be $30,000 for
FY2020-2021. Expenditures are budgeted at $10,000 this fiscal year for capital
projects. Expenditures can only be capital items for the local access channel as
described by federal law. Estimated ending fund balance is $63,246.

¾ Municipal Court Revenue Funds

Revenues for the Security Fund, Technology Fund, and Truancy Prevention, and
Jury Fund come from a $3.00, $4.90, $5.00, and $0.10 fee, respectively, on each
citation for which there is a conviction. Forecast revenues are $42,650 for all of
these funds combined.

Expenses are for technology improvements for the Court office, and a portion of
the Juvenile Case Manager salary. The total budget for this year is $43,215,
leaving combined fund balances of $213,839.

¾ Traffic Safety Fund

In June, 2019, legislation passed by the Texas Legislature affected cities that
have automatic photographic enforcement programs. The City’s contract was
terminated June 1, 2019 when the law to ban photo enforcement programs
became effective. This year, the City is using fund balance to fund the traffic
safety program. Expenses are budgeted at $349,850, and the ending fund

balance is expected to be $2,135. The expenses will move to the General

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