Page 152 - City of Watauga FY22 Adopted Budget

GENERAL FUND BUDGET SUMMARY

HISTORY PROJECTED YEAR BUDGET CHANGE FORECAST
2019-20 2020-2021 2020-2021 2021-2022 FY2020-21 TO FY2021-22 2022-23
Actual Budget Projected Budget $ % Budget

Fund Balance, October 1 $ 4,517,756 $ 4,310,753 $ 5,521,603 $ 6,176,396 $ 1,865,643 $ 6,050,871
Revenues:
Property Taxes 6,073,839 6,161,500 6,166,500 6,364,500 $ 203,000 3.5% 6,571,720
Sales Taxes 3,024,650 2,920,000 3,225,000 4,118,000 $ 1,198,000 41.0% 4,218,000
Permits and Licenses 501,024 531,000 714,800 569,000 $ 38,000 7.2% 574,100
Fines & Forfeitures 560,003 515,900 534,150 564,900 $ 49,000 9.5% 636,900
Charges for Services 724,789 740,500 749,500 776,000 $ 35,500 4.8% 777,500
Franchise Fees 851,797 862,000 768,000 797,000 $ (65,000) -7.5% 873,000
Intergovernmental Revenue 503,500 502,600 502,600 502,600 $ - 0.0% 503,000
Miscellaneous 326,371 384,900 284,300 301,650 $ (83,250) -21.6% 349,300

Operating Revenues $ 12,565,973 $ 12,618,400 $ 12,944,850 $ 13,993,650 $ 1,375,250 10.9% $ 14,503,520
Operating Transfers-In:
Transfers from Other Funds 827,792 765,281 765,281 788,300 $ 23,019 3.0% 793,500
Water/Sewer, Storm, EDC, Traffic Safety
Total Operating Revenues and Transfers-in $ 13,393,765 $ 13,383,681 $ 13,710,131 $ 14,781,950 $ 1,398,269 10.4% $ 15,297,020
Total Available Resources $ 17,911,521 $ 17,694,434 $ 19,231,734 $ 20,958,346 $ 3,263,912 18.4% $ 21,347,891
Expenditures:
City Manager* 276,807 318,198 380,040 246,920 $ (71,278) -22.4% 335,800
City Secretary* 143,330 174,779 180,350 175,705 $ 926 0.5% 156,455
City Attorney 0 387,000 337,000 210,000 $ (177,000) -45.7% 215,000
City Attorney - Prosecutor 0 42,000 52,000 40,000 $ (2,000) -4.8% 35,000
Non-Departmental 1,143,479 742,810 765,210 733,615 $ (9,195) -1.2% 843,600
Human Resources 140,457 182,169 176,660 222,980 $ 40,811 22.4% 209,350
Development Services 221,591 237,745 328,145 200,120 $ (37,625) -15.8% 320,856
Finance - Municipal Court Division 436,485 359,730 344,545 399,255 $ 39,525 11.0% 406,950
Finance 410,799 500,247 488,110 552,420 $ 52,173 10.4% 642,510
Information Technology 326,736 402,909 382,950 548,590 $ 145,681 36.2% 564,670
Library 762,199 882,480 841,750 946,500 $ 64,020 7.3% 964,200
Recreation & Community Serv. 572,072 322,740 246,340 431,890 $ 109,150 33.8% 431,340
Parks** 551,012 559,765 555,255 623,170 $ 63,405 11.3% 655,620
Police Division 3,851,242 4,054,124 3,941,380 4,629,780 $ 575,656 14.2% 4,717,400
Fire / EMS 2,090,285 2,521,752 2,365,613 2,890,330 $ 368,578 14.6% 3,006,650
Fire /Safer Grant Positions 82,239 122,850 122,850 248,000 $ 125,150 101.9% 473,108
Public Works - Street Division 444,047 434,632 374,860 534,590 $ 99,958 23.0% 566,300
Fleet Maintenance 179,181 204,900 201,690 224,070 $ 19,170 9.4% 293,250
Building Maintenance 745,456 834,740 870,590 834,540 $ (200) 0.0% 841,390
Operating Expenditures 12,377,418 13,285,570 12,955,338 14,692,475 $ 1,406,905 10.6% 15,679,449
*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 85,000 $ 85,000 70.8% 85,000
Operating Surplus/(Deficit) $ 1,016,347 $ 98,111 $ 754,793 $ 4,475 $ (467,429)
Transfers to Other Funds
To Capital Project Fund Projects 0 100,000 100,000 100,000 $ - 100.0% 100,000
To Equipment Repl. - Current Year 12,500 0 0 30,000 $ 30,000 0.0% 0
Total Transfers to Other Funds 12,500 100,000 100,000 130,000 $ 30,000 100,000
TOTAL OPERATING & TRANSFERS $ 12,389,918 $ 13,385,570 $ 13,055,338 $ 14,907,475 $ 1,521,905 12.1% $ 15,864,449
Fund Balance, September 30 $ 5,521,603 $ 4,308,864 $ 6,176,396 $ 6,050,871 $ 5,483,442
STRATEGIC INITIATIVE
CHANGE IN FUND BALANCE $ 1,003,847 $ (1,889) $ 654,793 $ (125,525) $ (567,429)
% OF EXPENDITURES 45% 32% 48% 41% 35%

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