Page 100 - CityofWataugaAdoptedBudgetFY24

COMBINED SUMMARY OF REVENUES AND EXPENDITURES
ALL CITY FUNDS FOR FISCAL YEAR 2023-2024

W/S Joint Use Library Municipal W/S Sewer
Facility Fund EDC Capital Fleet ILA Donation PEG Fee Fund Court Funds Traffic Safety Grant Funds GO Debt Service Debt Service Combined Total
All Funds ‐ 46 Projects 05 Fund 21 Fund 23 24 25/26/27/29 Fund 28 10, 12 Fund 03 42/44 All Funds
Estimated Beginning
Resources $1,305,993 $21,146 $57,971 $66,126 $106,220 $248,174 $34,293 $7,920 $827,043 $49,396 $36,388,330
Estimated Revenues
Taxes / Assessments 4,171,000 11,365,500
Sales Tax 8,011,000
Licenses and Permits 762,700
Franchise Fees 28,000 917,500
Intergovt Revenue 503,000
Charges for Service 110,000 12,185,660
Fines & Forfeitures 47,300 - 606,800
Interest on Investments - 100 - 100 3,000 7,500 - - 40,000 - 1,950,700
Grant Revenue 4,000,000 7,200,000
Miscellaneous 6,000 - 9,866,200
Operating Transfer In 60,000 - - 149,000 1,800,000 3,280,000
Revenues 60,000 100 110,000 6,100 31,000 54,800 ‐ 4,000,000 4,360,000 1,800,000 56,649,060
Total Available Resources 1,365,993 21,246 167,971 72,226 137,220 302,974 34,293 4,007,920 5,187,043 1,849,396 93,037,390
Estimated Expenditures

City Manager 314,230
City Secretary/Admin 433,450
City Attorney 105,000
Public Works Bldg. Maint. 1,069,900
Human Resources 248,030
Public Works - Dev. Svcs. 291,860
Economic Development 77,250
Strategic Initiative Projects ‐
Finance - 603,210
Municipal Court 90,850 546,960
Library 10,000 1,185,200
Rec & Comm Svc 700,520
Parks 947,785
Police - 7,080,300
Fire / EMS 4,096,490
Public Works 1,665,200
Public Works - Fleet 95,500 457,150
Non-Departmental - - - 1,849,391
Information Technology 810,230
Billing & Collection 615,410
Water Operations 2,865,830
Wastewater Operations 3,284,614
Grant Expenditures 700,000 700,000
CARES/CLFRF Grant xfer ‐
Operating Transfer Out 10,000 - - - - 3,280,000
Sub Total Operating 10,000 ‐ 95,500 10,000 90,850 ‐ 700,000 ‐ ‐ 33,228,010
Capital Projects/Equip 10,000 10,000 ‐ 10,000 34,000 3,300,000 27,642,150
Debt Service
Principal Payments 3,040,000 1,320,000 4,420,500
Interest Payments 1,108,768 478,163 1,586,931
Fiscal Agent Fees 2,000 1,000 3,000
Sub Total Debt Service ‐ ‐ ‐ ‐ ‐ ‐ 4,150,768 1,799,163 6,010,431
Total Expenditures 10,000 10,000 95,500 10,000 10,000 90,850 34,000 4,000,000 4,150,768 1,799,163 66,870,591
Change in Fund Balance 50,000 (9,900) 14,500 (3,900) 21,000 (36,050) (34,000) ‐ 209,232 837 (10,221,531)
Est. Ending Resources $1,355,993 $11,246 $72,471 $62,226 $127,220 $212,124 $293 $7,920 $1,036,275 $ 50,233 $26,166,799
% operating expenditures
$ Requirement $0 $0 $0 $0 $0 $0 $0 $7,920 $264,000 $0 $8,103,689
%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 $1,355,993 $11,246 $72,471 $62,226 $127,220 $212,124 $293 $7,920 $772,275 $ 50,233 $18,063,111
FUND BALANCE CHANGE % 3.8% -46.8% 25.0% -5.9% 19.8% -14.5% -99.1% 0.0% 25.3% 1.7% -28.1%

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