Page 73 - Watauga FY22-23 Budget

COMBINED SUMMARY OF REVENUE AND EXPENDITURES (3 YEAR)
ALL CITY FUNDS

DEBT SERVICE FUNDS INTERNAL SERVICE FUND NON MAJOR GOVT FUNDS ALL CITY FUNDS TOTAL
FY2021 FY2022 FY2023 FY2021 FY2022 FY2023 FY2021 FY2022 FY2021 FY2022 FY2023
ACTUAL ESTIMATE BUDGET ACTUAL ESTIMATE BUDGET ACTUAL ESTIMATE FY2023 BUDGET ACTUAL ESTIMATE BUDGET
Estimated Beginning Resources $727,921 $785,608 $886,100 $1,789,726 $1,793,639 $1,692,399 $4,415,597 $4,585,274 $4,003,774 $42,004,405 $41,813,822 40,714,848

Estimated Revenues
Taxes / Assessments 2,779,341 3,002,630 3,422,000 8,981,185 9,399,430 9,993,720
Sales Tax 2,787,985 2,745,000 2,827,000 6,306,657 7,425,000 7,647,000
Licenses and Permits - - - 776,461 615,000 602,300
Franchise Fees 38,057 34,000 35,000 796,906 822,000 912,500
Intergovt Revenue - - - - - - 503,500 502,600 503,000
Charges for Service 92,890 92,460 87,660 68,677 85,000 105,000 10,978,426 11,446,958 11,760,160
Fines & Forfeitures 53,861 54,250 57,300 622,656 662,750 687,900
Interest on Investments 1,262 1,978 2,000 4,121 5,000 5,000 5,713 6,750 7,750 185,082 126,028 326,850
Grant Revenue 381,576 861,768 4,171,800 445,641 861,768 7,971,800
Miscellaneous 93,444 72,000 77,000 5,707,123 5,944,950 855,500
Operating Transfer In 1,755,827 1,907,077 1,879,200 89,000 110,000 50,000 - - - 2,745,458 4,439,436 3,442,200
Total Current Year
Revenues 4,536,430 4,911,685 5,303,200 186,011 207,460 142,660 3,429,313 3,858,768 7,280,850 38,049,095 42,245,920 44,702,930
- -
Total Available Resources 5,264,351 5,697,293 6,189,300 1,975,737 2,001,099 1,835,059 7,844,910 8,444,042 11,284,624 80,053,499 84,059,742 85,417,778
Estimated Expenditures -
City Manager/City Secretary 30,000 975,054 641,060 788,330
Building ` 819,210 823,040 1,042,300
Human Resources 174,207 221,760 222,600
Development Services 322,334 177,720 223,510
Economic Dev./Strategic Inn. 98,973 69,800 59,050 104,286 69,800 89,050
Finance 37,905 53,300 83,710 868,132 996,825 1,093,480
Library - 10,700 10,000 811,551 924,000 1,087,200
Rec & Comm Svc 229,590 327,640 395,710
Parks - - - 475,907 570,070 629,030
Police 1,800,685 1,628,500 1,854,400 5,660,438 6,236,950 6,527,800
Fire / EMS 2,420,738 3,275,730 3,742,380
Public Works 904,041 1,018,475 1,236,280
Fleet Services 53,186 75,200 85,500 246,492 291,820 409,750
Non-Departmental 2,665 8,000 10,000 1,604,922 1,542,160 1,736,155
Information Technology 464,028 616,200 728,750
Billing & Collection 491,846 535,160 585,760
Water Operations 2,217,721 2,812,415 2,818,615
Wastewater Operations 2,088,525 2,439,135 2,745,114
Grant Expenditures 362,369 861,768 979,800 362,369 861,768 979,800
Operating Transfer Out - - 409,784 806,878 457,700 2,656,458 4,475,378 3,442,200
Sub Total Operating - - - 2,765,567 3,514,146 3,570,160 23,897,849 28,857,106 30,523,814
Capital Projects/Equip 182,098 308,700 515,000 494,069 926,000 3,937,250 8,425,373 10,356,742 25,719,770
Debt Service
Principal Payments 3,315,000 3,670,000 4,125,000 3,397,583 3,737,000 4,192,000
Interest Payments 1,160,792 1,138,985 1,293,782 1,160,792 1,138,985 1,293,782
Fiscal Agent Fees 2,950 2,210 3,000 2,950 2,210 3,000
Sub Total Debt Service 4,478,742 4,811,195 5,421,782 4,561,325 4,878,195 5,488,782
Total Expenditures 4,478,742 4,811,195 5,421,782 182,098 308,700 515,000 3,259,636 4,440,146 7,507,410 36,884,547 44,092,043 61,722,366

Change in Fund Balance 57,688 100,490 (118,582) 3,913 (101,240) (372,340) 169,677 (581,378) (226,560) 1,164,548 (1,846,123) (17,019,436)
Est. Ending Resources $785,609 $886,098 $767,518 $1,793,639 $1,692,399 $1,320,059 $4,585,274 $4,003,896 $3,777,214 43,168,953 39,967,699 23,695,412

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