Page 62 - City of Watauga FY22 Adopted Budget

Street Maintenance Fund
Multi-Year Financial Plan

Year 1 Year 2 Year 3 Year 4 Year 5
Budget Projected Projected Projected Projected
2021-2022 2022-2023 2023-2024 2024-2025 2025-2026
BEGINNING BALANCE 1,096,619 190,619 - - -
REVENUES
Sales Tax (1)(2) - - - - -
Adjustment per Election results Nov. 2020 - *
Other Income 2,000 - - - -
Total Revenues 2,000 - - - -
EXPENDITURES
Asphalt Overlay (800,000) (190,619) - - -
Street Maintenance (108,000) - - - -
Total Expenditures (908,000) (190,619) - - -

Recommended Reserves per Policy - - - - -
Available for Supplemental (906,000) - - - -
Proposed Supplemental - - - - -

Remaining Supplemental (906,000) - - - -
Additional Available for Capital 1,096,619 - - - -
Total Available for Capital 190,619 - - - -

Proposed Capital -

Remaining Funds Available 190,619 - - - -
ENDING FUND BALANCE 190,619 - - - -

Staffing Variable:
Full-time positions 0.0 0.0 0.0 0.0 0.0
Part-time positions 0.0 0.0 0.0 0.0 0.0
(1) 1/4 cent Sales Tax for Street Maintenance sales tax was reauthorized by voters in May, 2016 for another 4 years
(2) 1/4 cent Sales Tax for Street Maintenance was not reauthorized in 2020, thus adjustment to budget and future years spending.
*Note, differs from budget per adjustment. Adjusted sales tax used for this presentation of 5-year forecast due to information available after budget adoption.

53