Page 302 - Watauga FY21 Budget

Street Maintenance Fund
Multi-Year Financial Plan

Year 1 Year 2 Year 3 Year 4 Year 5
Budget Projected Projected Projected Projected
2020-2021 2021-2022 2022-2023 2023-2024 2024-2025
BEGINNING BALANCE 1,212,287 540,287 - - -
REVENUES
Sales Tax (1)(2) 708,000 - - - -
Adjustment per Election results Nov. 2020 (480,000) *
Other Income 8,000 - - - -
Total Revenues 236,000 - - - -
EXPENDITURES
Asphalt Overlay (800,000) (420,000) - - -
Street Maintenance (108,000) (120,287) - - -
Total Expenditures (908,000) (540,287) - - -
Recommended Reserves per Policy - - - - -

Available for Supplemental (672,000) - - - -
Proposed Supplemental - - - - -

Remaining Supplemental (672,000) - - - -
Additional Available for Capital 1,212,287 - - - -
Total Available for Capital 540,287 - - - -

Proposed Capital -
Remaining Funds Available 540,287 - - - -

ENDING FUND BALANCE 540,287 - - - -

Staffing Variable:
Full-time positions 0.0 0.0 0.0 0.0 0.0
Part-time positions 0.0 0.0 0.0 0.0 0.0

(1) 1/4 cent Sales Tax for Street Maintenance sales tax was reauthorized by voters in May, 2016 for another 4 years
(2) 1/4 cent Sales Tax for Street Maintenance was not reauthorized in 2020, thus adjustment to budget and future years spending.
*Note, differs from budget per adjustment. Adjusted sales tax used for this presentation of 5-year forecast due to information available after budget adoption.

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