Page 272 - Watauga FY22-23 Budget

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
2019-2020 2020-2021 2021-2022 2021-2022 2022-2023
Actual Actual Budget Projected Budget

Fund Balance, October 1 $0 ($939) $12,061 $14,552 $43,752
Revenues:
Other Revenue 8,204 68,677 55,000 85,000 105,000
Interest Earnings 0 0 0 0 0

Total Revenues $8,204 $68,677 $55,000 $ 85,000 $ 105,000

Total Available Resources $8,204 $67,738 $67,061 $ 99,552 $ 148,752

Expenditures:
Personnel 1,812 8,982 10,200 10,800 25,000
Supplies 4,261 40,752 24,700 40,000 55,000
Maintenance 3,070 3,452 3,500 5,000 5,500
Expenditures $9,143 $53,186 $38,400 $55,800 85,500

TOTAL EXPENDITURES $9,143 $53,186 $ 38,400 $ 55,800 $ 85,500

Fund Balance, September 30 ($939) $14,552 $28,661 $43,752 $63,252

CHANGE IN FUND BALANCE ($939) $15,491 $16,600 $29,200 $19,500

263