Page 6 - Watauga FY22-23 Budget
P. 6
TABLE OF CONTENTS
TITLE PAGE
DISTINGUISHED BUDGET PRESENTATION AWARD
WATAUGA CITY COUNCIL
TABLE OF CONTENTS
THE PURPOSE OF THIS BUDGET DOCUMENT 1
INTRODUCTORY SECTION 3
Budget Message for FY2022-2023 4
History, Location, and Community Profile 10
Organizational Chart 18
BUDGET OVERVIEW - BUDGET IN BRIEF 19
Financial Fund Structure 20
Basis of Accounting and Budgeting 23
City of Watauga Fund/Department Relationship 24
Budgetary System and Process 24
Financial Policy Guidelines 26
Budget-in-Brief 32
Fiscal Year 2022-2023 Financial and Economic Outlook 33
Policy Issues, Goals, and Objectives for FY2022-2023 33
Budget Highlights - All Funds 34
Personnel, Compensation, and Benefits 36
Capital Projects 39
General Fund 40
Special Revenue Funds 48
Proprietary Funds 51
Available Resources at Fiscal Year End 55
Budget Calendar 56
Analysis of Changes in Fund Balances 59
Revenues and Expenditures Summary - All Funds 60
Combined Summary of Revenues and Expenditures - All Funds 61
Combined Summary of Revenues and Expenditures (3 Year)- All Funds 63
Total Expenditures by Fund 65
Personnel Positions (budgeted) 66
Significant Budget Changes Overview 67
The Cost of City Services 70
MULTI-YEAR PLANNING DOCUMENTS 71
Strategic Plan 2023-2033 72
Five Year Financial Forecast 80
Capital Outlay Plan FY2023-2027 95
Personnel Improvement Plan FY2023-2027 110
GENERAL FUND & STRATEGIC INITIATIVE FUND SECTION 127
DESCRIPTION OF FUND AND SUMMARY OF REVENUES/EXPENDITURES 128
GENERAL FUND BUDGET SUMMARY 130