Page 300 - City of Watauga FY22 Adopted Budget

Utility Construction Fund 45 - Capital Projects
Budget Summary

HISTORY CURRENT YEAR BUDGET ESTIMATE
2019-20 2020-2021 2020-2021 2021-2022 2022-2023
FUND 45 Actual Budget Projected Budget FORECAST

Working Capital, at October 1 $14,671,187 $8,019,589 $11,921,251 $9,386,928 $2,536,727

Revenue:
Interest Income 216,587 75,000 75,000 35,000 35,000
Bond Proceeds 0 0 0 4,500,000
Transfer from Water Sewer Operating 0 0 0 140,000 140,000
Miscellaneous 213,313 0 0 0 0
Total Revenue/Other Sources $429,900 $75,000 $75,000 $175,000 $4,675,000

Total Available Resources $15,101,087 $8,094,589 $11,996,251 $9,561,928 $7,211,727

Expenditures:
Bond Issuance Costs 0 0 0
Loss on Refunding 0 0 0 0 0
Building Improvements 0 0 0 0 0
Water & Sewer Mains 64,750 80,000 80,000 80,000 80,000
SSES Repairs 45,859 60,000 60,000 60,000 60,000
Capital Outlay:
Heavy Equipment 246,225 0 0 0 500,000
Motor Vehicles 0 0 131,427 0 0
Water Tower Improvements 0 0 0 0 0
Infrastructure
CDBG 237,879 122,120 0 50,000 250,000
Water & Wastewater Improvements 2,585,123 5,145,410 2,337,896 6,835,201 5,359,200

Total Expenditures $3,179,836 $5,407,530 $2,609,323 $7,025,201 $6,249,200
Depreciation $510,876 $0 $0 $0 $0
Transfers:
Transfer 0 0 0 0 0
Total Transfers $0 $0 $0 $0 $0

Cash Balance, September 30 $11,921,251 $2,687,059 $9,386,928 $2,536,727 $962,527

Revenue over (under) Expense (2,749,936) (5,332,530) (2,534,323) (6,850,201) (1,574,200)
*Budget rolls over each Fiscal Year until completion

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