Page 138 - CityofWataugaAdoptedBudgetFY24

GENERAL FUND BUDGET SUMMARY

HISTORY PROJECTED YEAR BUDGET CHANGE
2021-2022 2022-2023 2022-2023 2023-2024 FY2022-2023 to 2023-2024
Actual Budget Projected Budget $ %

Fund Balance, October 1 $ 6,947,251 $ 7,274,688 $ 8,276,216 $ 8,430,927 $ 1,156,239
Revenues:
Property Taxes 6,446,896 6,571,720 6,652,500 7,194,500 $ 622,780 9.4%
Sales Taxes 4,705,981 4,820,000 4,940,400 5,038,000 $ 218,000 4.5%
Permits and Licenses 741,399 602,300 713,800 762,700 $ 160,400 26.6%
Fines & Forfeitures 638,906 630,600 469,400 559,500 $ (71,100) -11.3%
Charges for Services 1,024,127 1,047,500 1,067,000 1,203,000 $ 155,500 14.8%
Franchise Fees 791,372 877,500 891,500 889,500 $ 12,000 1.4%
Intergovernmental Revenue 502,600 503,000 503,000 503,000 $ - 0.0%
Miscellaneous 436,082 377,500 770,600 739,700 $ 362,200 95.9%
Operating Revenues $ 15,287,363 $ 15,430,120 $ 16,008,200 $ 16,889,900 $ 1,459,780 9.5%
Operating Transfers-In:
Transfers from Other Funds 779,300 818,000 818,000 861,000 $ 43,000 5.3%
Water/Sewer, Storm, EDC, Traffic Safety
Total Operating Revenues and Transfers-in $ 16,066,663 $ 16,248,120 $ 16,826,200 $ 17,750,900 $ 1,502,780 9.2%

Total Available Resources $ 23,013,913 $ 23,522,808 $ 25,102,416 $ 26,181,827 $ 2,659,019 11.3%
Expenditures:
City Manager 149,847 279,280 280,280 314,230 $ 34,950 12.5%
City Secretary 177,721 198,950 190,250 248,250 $ 49,300 24.8%
City Attorney* 55,895 80,000 75,000 70,000 $ (10,000) -12.5%
City Attorney - Prosecutor* 36,000 30,000 25,000 25,000 $ (5,000) -16.7%
Non-Departmental* 646,611 782,375 742,375 879,415 $ 97,040 12.4%
Human Resources 203,559 222,600 215,630 248,030 $ 25,430 11.4%
Development Services 168,679 223,510 225,170 291,860 $ 68,350 30.6%
Finance - Municipal Court Division* 369,707 424,960 414,510 456,110 $ 31,150 7.3%
Finance 538,292 584,810 577,645 603,210 $ 18,400 3.1%
Information Technology 495,879 615,760 608,739 683,240 $ 67,480 11.0%
Library 865,205 1,077,200 1,039,200 1,175,200 $ 98,000 9.1%
Recreation & Community Serv. 287,369 395,710 407,610 700,520 $ 304,810 77.0%
Parks** 579,228 629,030 662,130 947,785 $ 318,755 50.7%
Police Division 4,417,806 4,673,400 4,534,200 5,073,500 $ 400,100 8.6%
Fire / EMS 3,196,643 3,742,380 3,741,320 4,096,490 $ 354,110 9.5%
Public Works - Street Division 429,590 653,380 656,180 719,780 $ 66,400 10.2%
Fleet Maintenance 203,258 324,250 291,950 361,650 $ 37,400 11.5%
Building Maintenance 801,409 1,042,300 999,300 1,069,900 $ 27,600 2.6%
Operating Expenditures 13,622,697 15,979,895 15,686,489 17,964,170 $ 1,984,275 12.4%
*City Attorney and City Attorney budgeted in non-departmental and Court through FY2020-2021 and moved to City Attorney in FY2021-2022
Operating Transfers-Out
To Capital Project Fund Debt&Eng 0 85,000 85,000 85,000 $ - 0.0%
Operating Surplus/(Deficit) $ 2,443,966 $ 183,225 $ 1,139,711 $ (298,270)
Transfers to Other Funds
To Capital Project Fund Projects 1,115,000 400,000 400,000 150,000 $ (250,000) 100.0%
To Equipment Repl. - Fund Year 1 0 0 500,000 0 $ - 0.0%
Total Transfers to Other Funds 1,115,000 400,000 900,000 150,000 $ (250,000)
TOTAL OPERATING & TRANSFERS $ 14,737,697 $ 16,464,895 $ 16,671,489 $ 18,199,170 $ 1,734,275 13.7%

Fund Balance, September 30 $ 8,276,216 $ 7,057,913 $ 8,430,927 $ 7,982,657
STRATEGIC INITIATIVE
CHANGE IN FUND BALANCE $ 1,328,966 $ (216,775) $ 154,711 $ (448,270)
% OF EXPENDITURES 61% 44% 54% 44%

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