Page 296 - Watauga FY21 Budget

FIVE YEAR FINANCIAL FORECAST

General Fund

Five Year Plan Revenue Assumptions

Revenue Source Assumptions

Property Taxes Projections are based on 3%-5% increase in assessed values
Penalties & Interest Remain Flat
Sales Tax Based on 5-6% increase in FY2022 (recovery) and 1% -2%
increase with additional revenue for new development
Franchise Fees Remain Flat – slight decrease continuing due to legislative
changes.
Fines & Fees Projected 3% increase due to additional personnel assigned
to traffic control.
Licenses & Permits Projected a 2% increase over next few years due to
redevelopment and increase in fees
Interest Income Projected interest rates averaging .2%
Charges for Services Project increase of 3% average growth
Transfers Based on 5% of revenue from the utility operation, 2% Crime
Control District and 5% Parks Development Corporation.
Miscellaneous Projected average growth of 3%.

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