Page 23 - City of Watauga FY22 Adopted Budget

BUDGET-IN-BRIEF

The budget in brief
contains a general
description of the major
revenue sources for the
City of Watauga’s major
operating funds and the
assumptions used to
project those revenues for
this budget. Recent trend
data is also included for
major revenues described
in the following pages.
Most projected revenues
are based on assumptions
of historical data with
increases and decreases
associated with economic
conditions and rate
changes.

The total budget for FY2021-2022, including transfers between funds and capital
projects is $53,194,549. This represents increase of $5,957,779 when compared to
FY2020-2021, largely due to a decrease in capital project funding from prior year.
Funding for planned capital projects and equipment this fiscal year is $20.7 million in
comparison to $15.9 million last fiscal year. Capital equipment purchases in the amount
of $1.25 million are planned this fiscal year and are outlined in the Capital Outlay Plan
Summary.

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