Page 223 - CityofWataugaAdoptedBudgetFY24

SPECIAL REVENUE FUNDS

SAFER GRANT REIMBURSEMENT – FUND 12

The Safer Grant Reimbursement Fund was established in FY2019-2020 to account for
proceeds from the Safer Grant awarded to the City for a percentage of the fire
personnel. The percentage of personnel reimbursement of six firefighters is at 75% of
the first two years and 35% for the third year. This percentage will decline each fiscal
year until all grant proceeds have been expended. FY2022-23 was the final year for the
grant proceeds and the six firefighters have been reallocated to General Fund for
FY2023-24.

BUDGET SUMMARY

HISTORY HISTORY HISTORY PROJECTED YEAR BUDGET %CHANGE
2019-2020 2020-2021 2021-2022 2022-2023 2022-2023 2023-2024 FY2023-2024
Actual Actual Actual Budget Projected Budget vs 2022-2023

Fund Balance, October 1 $5,729 ($11,287) $7,920 $7,920 $7,920 $7,920
Revenues:
Grant Proceeds 229,701 381,576 220,854 63,600 27,150 0 -100.0%
Interest Earnings 0 0 0 0 0 0 0.0%
Grant Revenues $229,701 $381,576 $220,854 $ 63,600 $ 27,150 $ - -100.0%

Total Available Resources $235,430 $370,289 $228,774 $ 71,520 $ 35,070 $ 7,920 -88.9%

Expenditures:
Personnel 246,717 362,369 220,854 63,600 27,150 0 -100.0%
Grant Expenditures 246,717 362,369 220,854 63,600 27,150 0 -100.0%

TOTAL EXPENDITURES $246,717 $362,369 $220,854 $ 63,600 $ 27,150 $ - -100.0%
Fund Balance, September 30 ($11,287) $7,920 $7,921 $7,920 $7,920 $7,920

CHANGE IN FUND BALANCE ($17,016) $19,206 $0 $0 $0 $0

Note: Grant proceeds 75% of salary expenditures through February, 2022, and 35% through February, 2023
See 01-085 for remainder of fund 12 total expenditures

215