Page 10 - City of Watauga FY22 Adopted Budget

THE PURPOSE OF THIS BUDGET DOCUMENT

in the Budget Overview section. The Capital Project Funds detail current and future
projects. The Debt Service Fund section also provides individual debt service
reimbursement schedules.

More detail can be found in the separately published Annual Comprehensive Financial
Report (ACFR).

4. The Budget as a Communications Device

The budget is designed to be user friendly with summary information in text, tables,
and graphs. A Glossary of Budget Terms is included for your reference. Should you
have any questions about the City budget that this document does not answer,
please feel free to call the Finance Office at 817-514-5822. Copies of this document
are available for review at the City Secretary’s Office, City Hall, and City Library. It
can also be accessed through the Internet at https://www.cowtx.org/841/Budgeting.

Introductory Information

The Table of Contents should aid a user of this document as a guide to the organization of
this book. The Budget Message should be read first as an introduction to the more detailed
budget presentation. It provides an overview of the budget and policy decisions made during
the budget preparation process. The City The Introductory Section provides a detailed
description of the City of Watauga, its mission and goals, requirements during the budget
process, the overall financial structure, and layout of the City, and demographic and
graphical information about the City.

Long Term Strategic Plans

This section details the long-term strategic plans developed by City Council and City
Management. The City Council is committed to setting priorities, values, and policies that
are in the best interests of the citizens of Watauga. The City provides several opportunities
for citizens to express the wants and needs of their community. Every three years, a formal
citizen survey is sent out for citizens to provide input on their priorities and to rate the
performance of the City on services provided. Various town halls and public hearings are
held throughout the year and during the budget process to allow for additional public input.
A citizen’s focus committee was established in 2021 that allows the citizen committee to
bring concerns directly to City Management and Council. Strategic planning is an essential
component of the annual budget and multi-year financial planning processes. Included in
this section is the Five Year Financial Forecast, Personnel Improvement Plan, and Capital
Outlay Plan. These plans allow for City Management to address the financial impact of
personnel and capital needs.

Budget Summary

This summary section discusses the budget preparation process that begins at the first of
every year and formally ends in September, with numerous steps in-between. An
explanation of the financial structure of the City is provided. A summary of all of the funds
provides the estimated revenues and expenditures in both a consolidated format, and a
more detailed listing by fund. 2