Page 270 - CityofWataugaAdoptedBudgetFY24
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CIP AND CAPITAL PROJECTS FUNDS
ECONOMIC DEVELOPMENT CORPORATION
BUDGET SUMMARY
FUND 05 - CAPITAL PROJECTS
The Watauga Economic Development Construction fund accounts for construction projects in
and for the Economic Development Corporation.
HISTORY PROJECTED YEAR BUDGET
2020-2021 2021-2022 2022-2023 2022-2023 2023-2024
Actual Actual Original Budget Projected Proposed
Fund Balance, October 1 $38,835 $38,660 $33,760 $30,346 $21,146
Revenues:
Interest Earnings 61 247 100 800 100
Proceeds from Sale of Assets 0 0 0 0 0
Transfer from EDC Sales Tax Fund 0 375,000 0 0 0
Other Financing Sources 0 0 0 0 0
Matching Grants 0 0 0 0 0
Total Revenues $61 $375,247 $100 $800 $100
Total Available Resources $38,896 $413,907 $33,860 $31,146 $21,246
Expenditures:*
Purchase of Property 0 375,000 0 0 0
Foster Village Improvements 0 0 0 0 0
Shade Structure - Indian Springs 0 0 0 0 0
Park Equipment (Picnic Pads, etc.) 0 0 0 0 0
Capp Smith Park Improvements 236 0 0 0 0
Capp Smith Improvements EDC 0 0 0 0 0
Contingency 0 8,561 10,000 10,000 10,000
Total Expenditures $236 $383,561 $10,000 $10,000 $10,000
Other Expenditures
Transfer to PDC Debt Service 0 0 0 0 0
Total Other Sources (Uses) 0 0 0 0 0
REVENUES OVER (UNDER) EXPENSES ($175) ($8,314) ($9,900) ($9,200) ($9,900)
Fund Balance, September 30 $38,660 $30,346 $23,860 $21,146 $11,246
CHANGE IN FUND BALANCE ($175) ($8,314) ($9,900) ($9,200) ($9,900)
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