Page 83 - Watauga FY21 Budget

COMBINED SUMMARY OF REVENUES AND EXPENDITURES
ALL CITY FUNDS FOR FISCAL YEAR 2020-2021

W/S Joint Use Library Municipal W/S Sewer
Facility Fund EDC Capital Fleet ILA Donation PEG Fee Court Funds Traffic Safety Grant Funds GO Debt Service Debt Service Combined Total
46 Projects 05 Fund 21 Fund 23 Fund 24 25/26/27/29 Fund 28 10, 12 Fund 03 42/44 All Funds
Estimated Beginning
Resources $1,197,687 $43,347 $2,930 $49,775 $42,746 $214,404 $351,485 $0 $774,272 $12,264 $33,356,316
Estimated Revenues
Taxes / Assessments 2,742,000 8,903,500
Sales Tax 5,680,000
Licenses and Permits 531,000
Franchise Fees 30,000 892,000
Intergovt Revenue 502,600
Charges for Service 111,300 10,939,260
Fines & Forfeitures 42,100 - 558,000
Interest on Investments 30,000 1,000 - 100 500 550 500 - 5,000 - 356,150
Grant Revenue 724,857 724,857
Miscellaneous 6,000 - 841,700
Operating Transfer In 60,000 - - 157,503 1,599,000 2,900,784
Revenues 90,000 1,000 111,300 6,100 30,500 42,650 500 724,857 2,904,503 1,599,000 32,829,851

Total Available Resources 1,287,687 44,347 114,230 55,875 73,246 257,054 351,985 724,857 3,678,775 1,611,264 66,186,167
Estimated Expenditures

City Manager 329,260
City Secretary/Admin 328,529
Building Maintenance 834,740
Human Resources 183,615
Development Services 237,745
Economic Development 111,960
Strategic Initiative Projects 30,000
Finance - 506,810
Municipal Court 43,215 444,945
Library 10,700 893,180
Rec & Comm Svc 322,740
Parks 559,765
Police 349,850 5,938,025
Fire / EMS 2,891,363
Public Works 1,105,465
Fleet 71,900 276,800
Non-Departmental - - - 1,984,085
Information Technology 499,280
Billing & Collection 524,860
Water Operations 2,860,390
Wastewater Operations 2,439,017
Grant Expenditures 724,857 724,857
CARES Grant Allocation (316,307)
Operating Transfer Out 30,000 - - - - 2,900,784
Sub Total Operating 30,000 - 71,900 10,700 43,215 349,850 - - - 26,611,908

Capital Projects/Equip 40,000 - 10,000 - 15,989,181

Debt Service
Principal Payments 2,335,000 975,000 3,393,000
Interest Payments 621,006 619,475 1,240,481
Fiscal Agent Fees 1,200 1,000 2,200
Sub Total Debt Service - - - - - - 2,957,206 1,595,475 4,635,681
Total Expenditures 30,000 40,000 71,900 10,700 10,000 43,215 349,850 724,857 2,957,206 1,595,475 47,236,770
Change in Fund Balance 60,000 (39,000) 39,400 (4,600) 20,500 (565) (349,350) - (52,703) 3,525 (14,406,919)

Est. Ending Resources $1,257,687 $4,347 $42,330 $45,175 $63,246 $213,839 $2,135 $0 $721,569 $ 15,789 $18,949,397
$ Requirement $0 $0 $0 $0 $0 $0 $0 $0 $264,000 $0 $5,972,056
%Policy Requirement 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
OVER/UNDER REQUIRE $1,257,687 $4,347 $42,330 $45,175 $63,246 $213,839 $2,135 $0 $457,569 $ 15,789 $12,977,341
FUND BALANCE CHANGE % 5.0% -90.0% 1344.7% -9.2% 48.0% -0.3% -99.4% 0.0% -6.8% 28.7% -43.2%

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