Page 71 - Watauga FY22-23 Budget

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

W/S Joint Use Library Municipal W/S Sewer
Facility Fund EDC Capital Fleet ILA Donation PEG Fee Court Funds Traffic Safety Grant Funds 10, GO Debt Service Debt Service Combined Total
All Funds - 46 Projects 05 Fund 21 Fund 23 Fund 24 25/26/27/29 Fund 28 12 Fund 03 42/44 All Funds
Estimated Beginning
Resources $1,261,672 $33,760 $24,352 $51,757 $90,630 $247,929 $33,956 $7,920 $769,918 $113,382 $40,714,970
Estimated Revenues
Taxes / Assessments 3,422,000 9,993,720
Sales Tax 7,647,000
Licenses and Permits 602,300
Franchise Fees 35,000 912,500
Intergovt Revenue 503,000
Charges for Service 105,000 11,760,160
Fines & Forfeitures 57,300 - 687,900
Interest on Investments - 100 - 100 1,000 150 - - 2,000 - 326,850
Grant Revenue 4,171,800 7,971,800
Miscellaneous 6,000 - 855,500
Operating Transfer In 60,000 - - 153,200 1,726,000 3,442,200

Total Current Year

Revenues 60,000 100 105,000 6,100 36,000 57,450 - 4,171,800 3,577,200 1,726,000 44,702,930
Total Available Resources 1,321,672 33,860 129,352 57,857 126,630 305,379 33,956 4,179,720 4,347,118 1,839,382 85,417,900

Estimated Expenditures
City Manager 279,280
City Secretary/Admin 369,050
City Attorney 140,000
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 83,710 508,670
Library 10,000 1,087,200
Rec & Comm Svc 395,710
Parks 629,030
Police - 6,527,800
Fire / EMS 3,742,380
Public Works 1,236,280
Public Works - Fleet 85,500 409,750
Non-Departmental - - - 1,736,155
Information Technology 728,750
Billing & Collection 585,760
Water Operations 2,818,615
Wastewater Operations 2,745,114
Grant Expenditures 979,800 979,800
CARES/CLFRF Grant xfer -
Operating Transfer Out 10,000 - - - - 3,442,200

Sub Total Operating 10,000 - 85,500 10,000 83,710 - 979,800 - - 30,523,814
Capital Projects/Equip 10,000 10,000 - 10,000 3,192,000 25,719,770
Debt Service
Principal Payments 2,845,000 1,280,000 4,192,000

Interest Payments 770,348 523,434 1,293,782

Fiscal Agent Fees 2,000 1,000 3,000

Sub Total Debt Service - - - - - - 3,617,348 1,804,434 5,488,782

Total Expenditures 10,000 10,000 85,500 10,000 10,000 83,710 - 4,171,800 3,617,348 1,804,434 61,722,366
Change in Fund Balance 50,000 (9,900) 19,500 (3,900) 26,000 (26,260) - - (40,148) (78,434) (17,019,436)
Est. Ending Resources $1,311,672 $23,860 $43,852 $47,857 $116,630 $221,669 $33,956 $7,920 $729,770 $ 34,948 $23,695,534
% operating expenditures
$ Requirement $0 $0 $0 $0 $0 $0 $0 $7,920 $264,000 $0 $7,418,999
%Policy Requirement 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
OVER/UNDER REQUIRE $1,311,672 $23,860 $43,852 $47,857 $116,630 $221,669 $33,956 $7,920 $465,770 $ 34,948 $16,276,535
FUND BALANCE CHANGE % 4.0% -29.3% 80.1% -7.5% 28.7% -10.6% 0.0% 0.0% -5.2% -69.2% -41.8%

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