Page 122 - City of Watauga FY22 Adopted Budget
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AVAILABLE RESOURCES AT FISCAL YEAR END
Total estimated resources at the end of FY2021-2022 are expected to be $21,946,034 if
all capital projects are completed. Of this amount, $6,880,317 is required fund balance
per the City’s financial fund balance policies. The drawdown of fund balance planned
for this year totals $17,678,614 and will be used for various capital projects and
equipment replacement needs. More information on these projects can be found in the
Capital Projects Fund tab in this budget document.
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