Page 282 - City of Watauga FY22 Adopted Budget
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PROPRIETARY FUNDS
FLEET INTERLOCAL – FUND 21
The Fleet Interlocal fund was established during FY2019-2020 when Council approved
a resolution to provide vehicle maintenance services for surrounding government
entities.
The Interlocal agreement between the City and entities allows Watauga to provide
vehicle maintenance services for a defined fee. This was established in an effort to
achieve common objectives relating to the services regarding vehicle maintenance and
in the interest of saving taxpayer funding.
Each year the rate schedule set forth in the agreements shall increase per the
Consumer Price Index for All Urban Consumers (CPI-U).
BUDGET SUMMARY
HISTORY PROJECTED YEAR BUDGET ESTIMATE
2019-2020 2020-2021 2020-2021 2021-2022 2022-2023
Actual Budget Projected Budget FORECAST
Fund Balance, October 1 $0 ($939) ($939) $12,061 $28,661
Revenues:
Other Revenue 8,204 111,300 47,000 55,000 75,000
Interest Earnings 0 0 0 0 0
Total Revenues $8,204 $111,300 $ 47,000 $ 55,000 $ 75,000
Total Available Resources $8,204 $110,361 $ 46,061 $ 67,061 $ 103,661
Expenditures:
Personnel 1,812 12,200 7,000 10,200 20,000
Supplies 4,261 54,700 22,000 24,700 40,000
Maintenance 3,070 5,000 5,000 3,500 4,000
Expenditures $9,143 $71,900 $34,000 38,400 64,000
TOTAL EXPENDITURES $9,143 $ 71,900 $ 34,000 $ 38,400 $ 64,000
Fund Balance, September 30 ($939) $38,461 $12,061 $28,661 $39,661
CHANGE IN FUND BALANCE ($939) $39,400 $13,000 $16,600 $11,000
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