Page 64 - Watauga FY22-23 Budget
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AVAILABLE RESOURCES AT FISCAL YEAR END
Total estimated resources at the end of FY2022-2023 are expected to be $23,695,534 if
all capital projects are completed. Of this amount, $7,418,999 is required fund balance
per the City’s financial fund balance policies. The drawdown of fund balance planned
for this year totals $17,019,436 and will be used for various capital projects and
equipment replacement needs. More information on these projects can be found in the
Capital Projects Fund tab in this budget document.
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