Page 334 - Watauga FY22-23 Budget

CITY OF WATAUGA, TEXAS
ORDINANCE NO. 2022- 13

AN ORDINANCE BY THE CITY COUNCIL OF THE CITY
OF WATAUGA, TEXAS ADOPTING THE CAPITAL
OUTLAY PLAN FOR FISCAL YEARS 2023- 2027;
PROVIDING FOR REPEAL; PROVIDING FOR
SEVERABILITY; AND PROVIDING AN EFFECTIVE
DATE.

WHEREAS, the City Council finds the City of Watauga makes major investments, from

time to time, in costly capital assets that improve the quality of service provided by the City; and

WHEREAS, the City Council finds each asset requires a long- term investment that should

only take place after due consideration of the City' s needs, service required to be provided by the

City, and the City' s ability to finance the asset; and

WHEREAS, the City Council finds the City has a number of funding resources at its

disposal, including tax revenue, utility revenues, and financial aid from county, state, and federal

agencies that can be used to replace and purchase capital assets; and

WHEREAS, the City Council finds the City desires to maintain a continuous process of

planning for the replacement and purchase of capital assets; and

WHEREAS, the City Council finds that it, as the governing body, discussed the 2023- 2027

Capital Outlay Plan and the capital items included in Fiscal Year 2022- 2023 during a Workshop

Meeting held on June 20, 2022; and

WHEREAS, the City Council finds the Fiscal Year 2022-2023 Budget has been submitted

to the City Council by the City Manager in accordance with the City Charter including funded

items identified in the Capital Outlay Plan.

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