Page 281 - Watauga FY22-23 Budget

CIP AND CAPITAL PROJECTS FUNDS

ECONOMIC DEVELOPMENT CORPORATION
BUDGET SUMMARY
FUND 05 - CAPITAL PROJECTS

HISTORY PROJECTED YEAR BUDGET
2019-2020 2020-2021 2021-2022 2021-2022 2022-2023
Actual Actual Budget Projected Proposed

Fund Balance, October 1 $244,179 $38,835 $29,835 $38,660 $33,760
Revenues:
Interest Earnings 989 61 500 100 100
Proceeds from Sale of Assets 0 0 0 0 0
Transfer from EDC Sales Tax Fund 0 0 0 375,000 0
Other Financing Sources 0 0 0 0 0
Matching Grants 0 0 0 0 0
Total Revenues $989 $61 $500 $375,100 $100

Total Available Resources $245,167 $38,896 $30,335 $413,760 $33,860

Expenditures:*
Purchase of Property 0 0 0 375,000 0
Foster Village Improvements 0 0 0 0 0
Shade Structure - Indian Springs 0 0 0 0 0
Park Equipment (Picnic Pads, etc.) 0 0 0 0 0
Capp Smith Park Improvements 206,332 236 0 0 0
Capp Smith Improvements EDC 0 0 0 0 0
Contingency 0 0 10,000 5,000 10,000
Total Expenditures 206,332 236 10,000 380,000 10,000

Other Expenditures
Transfer to PDC Debt Service 0 0 0 0 0
Total Other Sources (Uses) 0 0 0 0 0

REVENUES OVER (UNDER) EXPENSES ($205,343) ($175) ($9,500) ($4,900) ($9,900)

Fund Balance, September 30 $38,835 $38,660 $20,335 $33,760 $23,860

CHANGE IN FUND BALANCE ($205,343) ($175) ($9,500) ($4,900) ($9,900)

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