Page 95 - Watauga FY21 Budget

GENERAL FUND BUDGET SUMMARY

HISTORY PROJECTED YEAR BUDGET CHANGE
2018-19 2019-20 2019-20 2020-21 FY2019-20 BUD VS FY2020-21 BUDGET
Actual Budget Amended Budget $ %
Fund Balance, October 1 $ 4,327,313 $ 4,310,753 $ 4,154,004 $ 4,646,181 $ 335,428
Revenues:
Property Taxes 5,637,317 6,173,000 6,179,500 6,161,500 $ (11,500) -0.2%
Sales Taxes 3,043,736 3,107,000 2,847,000 2,920,000 $ (187,000) -6.0%
Permits and Licenses 467,737 529,000 495,500 531,000 $ 2,000 0.4%
Fines & Forfeitures 476,292 617,900 514,000 515,900 $ (102,000) -16.5%
Charges for Services 741,686 877,000 708,200 740,500 $ (136,500) -15.6%
Franchise Fees 966,445 932,000 885,000 862,000 $ (70,000) -7.5%
Intergovernmental Revenue 479,086 502,600 502,600 502,600 $ - 0.0%
Miscellaneous 443,557 458,200 375,100 384,900 $ (73,300) -16.0%
Operating Revenues $ 12,255,857 $ 13,196,700 $ 12,506,900 $ 12,618,400 $ (578,300) -4.4%

Operating Transfers-In:
Transfers from Other Funds 544,486 727,792 827,792 765,281 $ 37,489 5.2%
Water/Sewer, Storm, EDC, Traffic Safety
Grants
Safer Grant - Fire Fund 12 0 0 0 0
CRF Grant - See Fund 10 0 0 0 0
Total Operating Revenues, Grants and Transfers-in $ 12,800,343 $ 13,924,492 $ 13,334,692 $ 13,383,681 $ (540,811) -3.9%
Total Available Resources $ 17,127,656 $ 18,235,245 $ 17,488,696 $ 18,029,862 $ (205,383) -1.1%
Expenditures:
City Manager* 0 321,360 311,427 329,260 $ 7,900 2.5%
City Secretary* 286,424 128,225 146,173 174,779 $ 46,554 36.3%
Non-Departmental 1,274,057 1,137,666 1,249,100 1,155,775 $ 18,109 1.6%
Human Resources 158,852 165,175 154,961 183,615 $ 18,440 11.2%
Development Services 164,885 205,555 235,781 237,745 $ 32,190 15.7%
Economic Development* 79,383 0 0 0 $ -
Finance - Municipal Court Division 417,287 436,750 436,623 401,730 $ (35,020) -8.0%
Finance 451,096 470,440 427,008 506,810 $ 36,370 7.7%
Information Technology 377,466 378,560 361,590 404,200 $ 25,640 6.8%
Library 980,083 998,400 873,695 882,480 $ (115,920) -11.6%
Recreation & Community Serv. 698,479 722,050 592,918 322,740 $ (399,310) -55.3%
Parks** 0 618,500 588,672 559,765 $ (58,735) -9.5%
Police Division 3,894,882 4,022,700 3,961,749 4,064,525 $ 41,825 1.0%
Fire / EMS 2,535,773 2,692,725 2,684,333 2,768,513 $ 75,788 2.8%
Fire /Safer Grant Positions 95,437 83,637 122,850 $ 27,413 28.7%
Public Works - Street Division 510,060 606,650 503,848 447,450 $ (159,200) -26.2%
Fleet Maintenance 199,235 198,450 195,814 204,900 $ 6,450 3.3%
Building Maintenance 780,421 823,000 805,794 834,740 $ 11,740 1.4%
Operating Expenditures 12,808,382 14,021,643 13,613,122 13,601,877 $ (419,766) -3.0%
*City Manager & City Secretary segregated 2019-20 and **Parks Department moved from PDC (Now EDC).
Operating Transfers-Out
To Capital Project Fund Debt&Eng 0 0 0 $ - 0.0%
Operating Surplus/(Deficit) $ (8,039) $ (97,151) $ (278,430) $ (218,196)
Transfers to Other Funds
Grant Funding CARES Act - one time relief (783,108) (316,307)
To Capital Project Fund Projects 0 0 100,000 $ 100,000 100.0%
To Equipment Repl. - Current Year 47,500 12,500 12,500 0 $ (12,500) -100.0%
Total Transfers to Other Funds 165,270 12,500 (770,608) (216,307) $ 87,500
TOTAL OPERATING & TRANSFERS $ 12,973,652 $ 14,034,143 $ 12,842,514 $ 13,385,570 $ (648,573) -5.0%
Fund Balance, September 30 $ 4,154,004 $ 4,201,102 $ 4,646,181 $ 4,644,292
STRATEGIC INITIATIVE
CHANGE IN FUND BALANCE $ (173,309) $ (109,651) $ 492,178 $ (1,889)
% OF EXPENDITURES 32% 30% 34% 35%
25% Policy Reserve Requirement 3,375,469.25
Amount over 25% Policy $1,268,823

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