Page 118 - CityofWataugaAdoptedBudgetFY24

BUDGET SUMMARY

➢ Water and Wastewater costs are estimated to increase 9.3% due to a sewer
wholesale cost increase from our provider, the City of Ft. Worth.
➢ The Arts Program and funding for Concerts in the Park continues to be
funded this fiscal year.
➢ Debt service payments increased this year due to the 2023 debt issuance
and required payments budgeted for FY2024.

Capital Outlay

This classification is for the purchase or investment in items that are more than $5,000
each that have a life of more than five years and that will be capitalized or considered a
long-term asset of the City. The budget for these items fluctuates from year to year based
on identified needs and funding availability. Examples include buildings, furniture,
equipment, and vehicles. Infrastructure projects such as streets and water and sewer
projects are included in this category.

The City plans for these high dollar items through the Capital Improvement Plan
Committee and Capital Outlay Plan Committee process. The end results are the creation
and continual updating of multi-year plans that help identify capital needs and possible
funding sources. The capital expenditures can be found in the Capital Projects and
Capital Outlay Sections of this budget document.

Various equipment and vehicle purchases will be funded this year and the majority of
these items are listed in the 5-year Capital Outlay Plan with identified funding sources.
Additionally, one-time capital items that have been requested are included in the General
Fund budget. Some of the items are listed below:

o Public Works Department
▪ Fleet vehicles (3)
▪ HVAC and fire alarm equipment replacements
▪ Community Center foundation repairs
▪ School zone flasher upgrade
▪ Fuel Island operating system update
▪ Elevator modernization for Water Tower
o Fire Department
▪ Breathing Air Compressor replacements
▪ Training Prop
▪ Fitness equipment and mattress replacements
o Police Department
▪ Vehicle replacement
▪ Motorcycle for traffic enforcement
▪ Public safety equipment and rifle replacement program

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