Page 299 - City of Watauga FY22 Adopted Budget

GENERAL CAPITAL PROJECTS FUND
CAPITAL PROJECTS SUMMARY

CURRENT YEAR BUDGET ESTIMATE
2019-20 2020-2021 2020-2021 2021-2022 2021-2022
FUND 07 Actual Budget Projected Budget FORECAST

Beginning Fund Balance* $10,332,319 $8,333,567 $11,546,950 $11,785,558 $3,879,558

Revenues:
Transfer from General Fund 0 100,000 100,000 185,000 185,000
Grants 156,855 0 0 1,512,500 4,626,996
2020 Certificates of Obligation/Tax Notes 3,581,495 0 0 0 0
2021/2022 Proposed Certificates of Obligation 0 0 4,700,000 0 3,526,500
Other financing sources 0 0 0 0 343,000
Interest Income / Misc. 103,559 75,000 35,000 35,000 35,000
Total Revenue: $3,841,909 $175,000 $4,835,000 $1,732,500 $8,716,496

Total Available Resources $14,174,228 $8,508,567 $16,381,950 $13,518,058 $12,596,054
Expenditures:
Public Works:
Bond Issuance 128,893 0 0 0 0
Building Improvements 0 0 0 0 0
CDBG 38th/39th/40th Year 0 0 0 0 0
Green Ribbon 0 50,000 0 50,000 50,000
Contingency 0 10,000 10,000 10,000 10,000
Engineering 7,556 25,000 25,000 25,000 25,000
Pmt to NRH for Rufe Snow 82,853 83,000 83,000 67,000 67,000
Sidewalk Replacement 77,005 100,000 100,000 100,000 100,000
Street Overlays 0 0 0 0 0
Capital Projects 2,330,972 6,753,500 4,378,392 9,386,500 10,734,992

Total Fund Expenditures: $2,627,278 $7,021,500 $4,596,392 $9,638,500 $10,986,992

Ending Fund Balance $11,546,950 $1,487,067 $11,785,558 $3,879,558 $1,609,062

Change 1,214,631 (6,846,500) 238,608 (7,906,000) (2,270,496)

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