Page 269 - CityofWataugaAdoptedBudgetFY24

CIP AND CAPITAL PROJECTS FUNDS

GENERAL CAPITAL PROJECTS FUND

CAPITAL PROJECTS SUMMARY

HISTORY CURRENT YEAR BUDGET
2020-2021 2021-2022 2022-2023 2022-2023 2023-2024
FUND 07 Actual Actual Budget Projected Budget

Beginning Fund Balance* $11,546,950 $11,248,865 $11,482,374 $14,266,067 $8,342,306

Revenues:
Transfer from General Fund 100,000 1,085,000 485,000 485,000 235,000
Grants 0 0 3,800,000 800,000 3,200,000
2021/2022 Certificates of Obligation/Tax Notes 4,811,297 4,562,512 0 0
2023 Proposed Certificates of Obligation 0 0 0 0 8,950,000
Other financing sources 0 0 0 0 0
Interest Income / Misc. 20,287 81,823 100,000 700,000 600,000
Total Revenue: $4,931,584 $5,729,335 $4,385,000 $1,985,000 $12,985,000

Total Available Resources $16,478,534 $16,978,200 $15,867,374 $16,251,067 $21,327,306
Expenditures:
Public Works:
Bond Issuance 111,297 114,078 0 0 0
Building Improvements 0 0 0 0 195,000
Equipment (Misc) 0 0 0 0 10,000
Green Ribbon 0 38,720 50,000 50,000 50,000
Contingency 0 0 10,000 10,000 80,000
Engineering 25,000 25,000 30,000 30,000 30,000
Pmt to NRH for Rufe Snow 82,583 63,068 67,000 67,000 60,500
Sidewalk Replacement 81,449 36,740 150,000 150,000 150,000
Street Overlays 0 0 0 0 800,000
Capital Projects 4,929,341 2,434,528 11,394,449 7,601,761 16,530,450

Total Fund Expenditures: $5,229,669 $2,712,134 $11,701,449 $7,908,761 $17,905,950

Ending Fund Balance $11,248,865 $14,266,067 $4,165,925 $8,342,306 $3,421,356

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