Page 134 - City of Watauga FY22 Adopted Budget

BUDGET-OVERVIEW

was near full staffing and there was an increase in code, traffic enforcement, and warrant
collection efforts, thus increasing citations issued over prior year. FY2021-2022 budget
revenues for this category was increased by 9.5% to reflect FY2020-21 actuals due to the
increase in citations. Fines and forfeitures make up approximately 4% of General Fund
revenues for FY2022.

Miscellaneous revenue – This includes interest earned on the investment of General
Fund cash, proceeds from the sale of surplus City property, cell phone tower rent
revenues and other various revenues. Interest earnings are expected to be remain low
in FY2021-2022 due to the Federal Reserve holding interest rates near zero.

Transfers In – Transfers in are comprised of funds transferred from another fund for
general and administrative fees or obligations that the General Fund provides. The
contributing funds include the proprietary funds (Water and Sewer, Storm Drain) and
special revenue funds (Crime Control and Economic Development Fund).

General Fund Expenditures

The operating expenditures (including transfers) for the General Fund total $14,907,475.
This is $1,521,905, or a 12.1% increase over last year’s budgeted expenditures.
Personnel expenditures make up 73% of the General Fund’s budget. As mentioned

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