Page 18 - CityofWataugaAdoptedBudgetFY24

BUDGET MESSAGE FOR FY2023-2024

❖ A Comprehensive Land Use Plan was adopted by City Council to be used as a
tool in the development of the City. As the City approaches full build out, planning
initiatives for re-development and improvement of certain aging corridors in the
City are of primary focus.

❖ The Equipment Replacement Fund put into place a few years ago continues to
be assurance that certain equipment, technology, and vehicle needs will be met in
the future.

❖ The Capital Outlay Plan provides for a 5-year format to identify timing of
replacement and sources of funding for major equipment, vehicles, and technology
City-wide.

❖ 5-year Capital Improvement Plan is a long-range financial planning document
that revolves around several major street projects, water/sewer system
infrastructure projects as well as significant improvements to our storm water
drainage system, and various equipment and vehicles outlined in the Capital
Outlay Program.

❖ The Parks Master Plan identifies various parks improvement projects throughout
the City of Watauga. Many of these projects are incorporated into the 5-year
Capital Improvement Plan with funding sources identified.

❖ A Personnel Improvement Plan identifies needed personnel positions to provide
quality services and programs to our Citizens.

Summary

The FY2023-2024 Budget totals $66,870,591 which includes $27.6 million in capital
projects and equipment. The focus this year is to continue and improve on our program
of services while addressing inflationary impacts and future sustainability.

The budget document truly represents a collective effort by City Council and City Staff to
develop a plan that spends within its means while we together serve, enhance, and
transform our community. We recognize the need to balance service demands to
maintain a sustainable operational and financial position that adheres to our strategic
priorities and protects the City’s fiscal health, while preserving those things that make
Watauga “A Great Place to Live”.

I would like to thank City Council for their strong leadership and willingness to make very
complex and sometimes difficult decisions which will have lasting positive impacts on our
City. I look forward to working with the Council throughout the budget adoption process.

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