Page 280 - Watauga FY22-23 Budget

CIP AND CAPITAL PROJECTS FUNDS

GENERAL CAPITAL PROJECTS FUND

CAPITAL PROJECTS SUMMARY

CURRENT YEAR BUDGET
2019-20 2020-2021 2021-2022 2021-2022 2022-2023
FUND 07 Actual Actual Budget Projected Budget

Beginning Fund Balance* $10,332,319 $11,546,950 $11,785,558 $11,248,865 $11,482,347

Revenues:
Transfer from General Fund 0 100,000 185,000 1,085,000 400,000
Grants 156,855 0 1,512,500 0 3,800,000
2020 Certificates of Obligation/Tax Notes 3,581,495 4,811,297 0 4,550,000 0
2021/2022 Proposed Certificates of Obligation 0 0 0 0 0
Other financing sources 0 0 0 0 0
Interest Income / Misc. 103,559 20,287 35,000 35,000 100,000
Total Revenue: $3,841,909 $4,931,584 $1,732,500 $5,670,000 $4,300,000

Total Available Resources $14,174,228 $16,478,534 $13,518,058 $16,918,865 $15,782,347
Expenditures:
Public Works:
Bond Issuance 128,893 111,297 0 0 0
Building Improvements 0 0 0 0 0
CDBG 38th/39th/40th Year 0 0 0 0 0
Green Ribbon 0 0 50,000 50,000 50,000
Contingency 0 0 10,000 10,000 10,000
Engineering 7,556 25,000 25,000 25,000 30,000
Pmt to NRH for Rufe Snow 82,853 82,583 67,000 67,000 67,000
Sidewalk Replacement 77,005 81,449 100,000 100,000 150,000
Street Overlays 0 0 0 0 0
Capital Projects 2,330,972 4,929,341 9,386,500 5,184,518 11,394,449

Total Fund Expenditures: $2,627,278 $5,229,669 $9,638,500 $5,436,518 $11,701,449

Ending Fund Balance $11,546,950 $11,248,865 $3,879,558 $11,482,347 $4,080,898

Change 1,214,631 (298,085) (7,906,000) 233,482 (7,401,449)

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