Page 69 - Watauga FY21 Budget

BUDGET OVERVIEW

CITY OF WATAUGA FUND/DEPARTMENT RELATIONSHIP

FUNDS
GENERAL SPECIAL REVENUE PROPRIETARY CAPITAL
INTERNAL ECONOMIC
SERVICE GENERAL UTILITY DEV.
CRIME ECONOMIC STREET PEG TRAFFIC LIBRARY GRANT COURT STORM FLEET (EQUIPMENT CAPITAL CONSTR. CAPITAL
DEPARTMENT/FUNCTION GENERAL STRATEGIC CONTROL DEVELOPMENT MAINT FEE SAFETY DONATIONS FUNDS FUNDS UTILITY DRAIN INTERLOCAL REPLACEMENT) PROJECTS FUND PROJECTS
CITY MANAGER X
CITY SECRETARY X
NON-DEPARTMENTAL X X
HUMAN RESOURCES X X
DEVELOPMENT SERVICES X X
ECONOMIC DEVELOPMENT X X X X
FINANCE X X X
FINANCE COURTS X X
INFORMATION TECHOLOGY X X X X X
LIBRARY X X
PARKS/RECREATION X
POLICE DEPARTMENT X X X X
ANIMAL CONTROL (POLICE) X
FIRE/EMS DEPARTMENT X X
PUBLIC WORKS X X X X X X X X
FLEET X X X
FACILITIES X X
UTILITY BILLING/FINANCE X
WATER X X
WASTEWATER X X
DEBT SERVICE X X
LEGEND:
GENERAL FUND
SPECIAL REVENUE FUNDS
PROPRIETARY FUNDS
CAPITAL FUNDS

BUDGETARY SYSTEM AND PROCESS

The City Charter requires the City Manager to submit a proposed budget for the fiscal
year, which begins October 1, to the City Council by August 1 each year, and provides
for Council adoption of the budget by September 15; Article IX Section 9.02 F states
"The budget shall be finally adopted not later than the last regular Council meeting of
the last month of the fiscal year." Prior to August 1, the Finance department prepares a
forecast of expected revenues from property taxes, sales taxes, and other fees and
transfers. The City Manager and City department heads prepare expenditure estimates
for the remainder of the current fiscal year and for the ensuing fiscal year, and these are
compared to estimates of revenue for the same periods. Adjustments are made to the
departmental expenditure estimates as necessary to ensure that the proposed budget is
balanced within total estimated income as required by the City Charter. A balanced
budget can include a planned drawdown of fund balance within guidelines discussed
on the following pages.

As part of the general government budget preparation, there is also a simultaneous
preparation of a budget for both the Crime Control District and the Economic
Development Corporation. Due to their separate legal status, the respective boards
must approve their budget, which is then sent to the City Council for final approval and
appropriation.

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