Page 282 - Watauga FY22-23 Budget

CIP AND CAPITAL PROJECTS FUNDS

Utility Construction Fund 45 - Capital Projects
Budget Summary

HISTORY CURRENT YEAR BUDGET
2019-20 2020-2021 2021-2022 2021-2022 2022-2023
FUND 45 Actual Actual Budget Projected Budget

Working Capital, at October 1 $14,671,187 $11,993,760 $9,386,928 $9,852,245 $7,981,721
Revenue:
Interest Income 216,587 66,116 35,000 35,000 150,000
Bond Proceeds 76,050 0 550,000 0
Transfer from Water Sewer Operating 0 0 140,000 140,000 140,000
Miscellaneous/Grant 213,313 64,065 0 0 0
Total Revenue/Other Sources $429,900 $206,231 $175,000 $725,000 $290,000

Total Available Resources $15,101,087 $12,199,991 $9,561,928 $10,577,245 $8,271,721

Expenditures:
Bond Issuance Costs 0 31,593 0 0 0
Loss on Refunding 0 0 0 0 0
Building Improvements 0 0 0 0 0
Water & Sewer Mains 64,750 27,589 80,000 80,000 80,000
SSES Repairs 45,859 48,813 60,000 60,000 60,000
Capital Outlay:
Heavy Equipment 246,225 0 0 0 550,000
Motor Vehicles 0 0 0 0 0
Water Tower Improvements 0 0 0 0 0
Infrastructure
CDBG 237,879 20,616 101,505 127,444 250,000
Water & Wastewater Improvements 2,585,123 2,363,963 6,835,201 2,328,080 6,006,911

Total Expenditures $3,179,836 $2,460,981 $7,076,706 $2,595,524 $6,946,911
Depreciation $510,876 $575,454 $0 $0 $0
Transfers:
Transfer 0 0 0 0 0
Total Transfers $0 $0 $0 $0 $0

Cash Balance, September 30 $11,921,251 $9,707,417 $2,485,222 $7,981,721 $1,324,810

Revenue over (under) Expense (2,749,936) (2,254,750) (6,901,706) (1,870,524) (6,656,911)
*Budget rolls over each Fiscal Year until completion

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