Page 139 - Watauga FY22-23 Budget

GENERAL FUND BUDGET SUMMARY

HISTORY PROJECTED YEAR BUDGET CHANGE
2019-20 2020-2021 2021-2022 2021-2022 2021-2022 2022-2023 FY2021-22 TO FY2022-23
Actual Actual Budget BA Projected Budget $ %
Fund Balance, October 1 $ 4,276,165 $ 5,280,069 $ 6,176,396 $ 6,947,353 $ 7,274,688 $ 1,098,292
Revenues:
Property Taxes 6,073,839 6,201,844 6,364,500 6,396,800 6,571,720 $ 207,220 3.2%

Sales Taxes 3,024,650 3,518,672 4,118,000 500,000 4,680,000 4,820,000 $ 702,000 17.0%

Permits and Licenses 501,024 776,461 569,000 615,000 602,300 $ 33,300 5.9%
Fines & Forfeitures 560,003 568,795 564,900 608,500 630,600 $ 65,700 11.6%
Charges for Services 724,789 833,166 776,000 175,000 949,600 1,047,500 $ 271,500 35.0%

Franchise Fees 851,797 758,849 797,000 788,000 877,500 $ 80,500 10.1%
Intergovernmental Revenue 503,500 503,500 502,600 502,600 503,000 $ 400 0.1%
Miscellaneous 326,371 282,213 301,650 372,950 377,500 $ 75,850 25.1%

Operating Revenues $ 12,565,973 $ 13,443,500 $ 13,993,650 $ 675,000 $ 14,913,450 $ 15,430,120 $ 1,436,470 10.3%
Operating Transfers-In:
Transfers from Other Funds 827,792 755,781 788,300 788,300 818,000 $ 29,700 3.8%
Water/Sewer, Storm, EDC, Traffic Safety
Total Operating Revenues and Transfers-in $ 13,393,765 $ 14,199,281 $ 14,781,950 $ 675,000 $ 15,701,750 $ 16,248,120 $ 1,466,170 9.9%
Total Available Resources $ 17,669,930 $ 19,479,350 $ 20,958,346 $ 675,000 $ 22,649,103 $ 23,522,808 $ 2,564,462 12.2%
Expenditures:
City Manager 276,807 368,360 246,920 152,880 279,280 $ 32,360 13.1%
City Secretary 143,330 157,771 175,705 10,000 184,380 198,950 $ 23,245 13.2%
City Attorney* 337,086 240,650 215,000 (100,000) 116,000 80,000 $ (135,000) -62.8%
City Attorney - Prosecutor* 52,112 55,321 35,000 30,000 30,000 $ (5,000) -14.3%
Non-Departmental* 806,393 706,255 733,615 0 718,500 782,375 $ 48,760 6.6%

Human Resources 140,457 174,207 222,980 221,760 222,600 $ (380) -0.2%

Development Services 221,591 322,334 200,120 177,720 223,510 $ 23,390 11.7%
Finance - Municipal Court Division* 384,373 346,050 399,255 394,955 424,960 $ 25,705 6.4%

Finance 410,799 484,177 552,420 548,570 584,810 $ 32,390 5.9%

Information Technology 326,736 371,960 548,590 510,010 615,760 $ 67,170 12.2%

Library 762,199 811,551 946,500 913,300 1,077,200 $ 130,700 13.8%
Recreation & Community Serv. 572,072 229,590 431,890 327,640 395,710 $ (36,180) -8.4%
Parks** 551,012 475,907 623,170 570,070 629,030 $ 5,860 0.9%
Police Division 3,851,242 3,859,753 4,629,780 4,608,450 4,673,400 $ 43,620 0.9%

Fire / EMS 2,090,285 2,299,948 2,890,330 137,000 3,027,730 3,209,380 $ 319,050 11.0%

Fire /Safer Grant Positions 82,239 120,790 248,000 248,000 533,000 $ 285,000 114.9%

Public Works - Street Division 444,047 394,857 534,590 469,790 653,380 $ 118,790 22.2%

Fleet Maintenance 179,124 193,306 224,070 216,620 324,250 $ 100,180 44.7%

Building Maintenance 745,456 819,210 834,540 823,040 1,042,300 $ 207,760 24.9%

Operating Expenditures 12,377,361 12,431,998 14,692,475 47,000 14,259,415 15,979,895 $ 1,287,420 8.8%
*City Attorney and City Attorney budgeted in non-departmental and Court through FY2020-2021 and moved to City Attorney in FY2021-2022
Operating Transfers-Out
To Capital Project Fund Debt&Eng 0 85,000 85,000 85,000 $ - 0.0%
Operating Surplus/(Deficit) $ 1,016,404 $ 1,767,283 $ 4,475 $ 628,000 $ 1,442,335 $ 183,225
Transfers to Other Funds
To Capital Project Fund Projects 0 100,000 100,000 900,000 1,000,000 400,000 $ 300,000 100.0%

To Strategic Initiative Fund 0 0 0
To Equipment Repl. - Current Year 12,500 0 30,000 0 30,000 0 $ (30,000) 0.0%
Total Transfers to Other Funds 12,500 100,000 130,000 900,000 1,030,000 400,000 $ 270,000

TOTAL OPERATING & TRANSFERS $ 12,389,861 $ 12,531,998 $ 14,907,475 $ 947,000 $ 15,374,415 $ 16,464,895 $ 1,557,420 12.3%
Fund Balance, September 30 $ 5,280,069 $ 6,947,353 $ 6,050,871 $ (272,000) $ 7,274,688 $ 7,057,913
STRATEGIC INITIATIVE
CHANGE IN FUND BALANCE $ 1,003,904 $ 1,667,283 $ (125,525) $ (272,000) $ 327,335 $ (216,775)
% OF EXPENDITURES 43% 56% 41% 51% 43%

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