Page 70 - Watauga FY22-23 Budget

COMBINED SUMMARY OF REVENUES AND EXPENDITURES
ALL CITY FUNDS FOR FISCAL YEAR 2022-2023

Strategic Crime Control Street Internal
E
Initiative W/S Utility DC Sales Tax District Sales Storm Drain Maintenance Capital Projects W/S Constr Service
All Funds - General Fund Fund 13 Fund 40 Fund 04 Tax Fund 18 Utility Fund 15 Fund 14 Fund 07 Fund 45 Fund 22
Estimated Beginning
Resources $7,274,688 $70,722 $2,733,312 $1,713,418 $1,237,902 $3,290,395 $595,910 $11,482,347 $7,981,721 $1,692,399
Estimated Revenues
Taxes / Assessments 6,571,720
Sales Tax 4,820,000 952,000 1,875,000 -

Licenses and Permits 602,300
Franchise Fees 877,500
Intergovt Revenue 503,000 - -
Charges for Service 1,047,500 9,040,000 1,480,000 87,660
Fines & Forfeitures 630,600
Interest on Investments 50,000 - 10,000 2,500 4,000 2,000 - 100,000 150,000 5,000
Grant Revenue 3,800,000
Miscellaneous 327,500 451,000 5,000 66,000 - - -
Operating Transfer In 818,000 - 10,000 - - - 485,000 140,000 50,000
Total Current Year
Revenues 16,248,120 - 9,511,000 959,500 1,945,000 1,482,000 - 4,385,000 290,000 142,660
Total Available Resources 23,522,808 70,722 12,244,312 2,672,918 3,182,902 4,772,395 595,910 15,867,347 8,271,721 1,835,059

Estimated Expenditures
City Manager 279,280 -
City Secretary/Admin 198,950 170,100
City Attorney 110,000 30,000
Public Works Bldg. Maint. 1,042,300 - - -
Human Resources 222,600
Public Works - Dev. Svcs. 223,510
Economic Development - 59,050

Strategic Initiative Projects 30,000
Finance 584,810
Municipal Court 424,960
Library 1,077,200
Rec & Comm Svc 395,710 -
Parks 629,030 - -
Police 4,673,400 1,854,400 - - -
Fire / EMS 3,742,380 - - -
Public Works 653,380 542,900 - 40,000 -
Public Works - Fleet 324,250 - -
Non-Departmental 782,375 745,280 - 198,500 10,000 -
Information Technology 615,760 112,990 - -
Billing & Collection 585,760 -
Water Operations 2,818,615
Wastewater Operations 2,745,114
Grant Expenditures
CARES/CLFRF Grant xfer
Operating Transfer Out 485,000 - 2,416,000 419,700 38,000 73,500 - - - -
Sub Total Operating 16,464,895 30,000 9,593,859 508,750 1,892,400 814,900 10,000 40,000 - -

Capital Projects/Equip 150,250 2,706,160 585,000 11,594,449 6,946,911 515,000

Debt Service
Principal Payments 67,000
Interest Payments
Fiscal Agent Fees
Sub Total Debt Service - - - - - - 67,000 - -
Total Expenditures 16,464,895 30,000 9,593,859 508,750 2,042,650 3,521,060 595,000 11,701,449 6,946,911 515,000

Change in Fund Balance (216,775) (30,000) (82,859) 450,750 (97,650) (2,039,060) (595,000) (7,316,449) (6,656,911) (372,340)
Est. Ending Resources 7,057,913 40,722 $2,650,453 $2,164,168 $1,140,252 $1,251,335 $910 $4,165,898 $1,324,810 $1,320,059
% operating expenditures 43% 28%
$ Requirement $4,116,224 $0 $2,398,465 $98,850 $378,480 $162,980 $0 $0 $0 $0
%Policy Requirement 25.00% 0.00% 25.00% 20.00% 20.00% 20.00% 0.00% 0.00% 0.00% 0.00%
OVER/UNDER REQUIRE $2,941,689 40,722 $251,988 $2,065,318 $761,772 $1,088,355 $910 $4,165,898 $1,324,810 $1,320,059
FUND BALANCE CHANGE % -3.0% -42.4% -3.0% 26.3% -7.9% -62.0% -99.8% -63.7% -83.4% -22.0%

61