Page 271 - CityofWataugaAdoptedBudgetFY24

CIP AND CAPITAL PROJECTS FUNDS

UTILITY CONSTRUCTION FUND 45 – CAPITAL PROJECTS
BUDGET SUMMARY

The Utility Construction Fund accounts for the acquisition and construction of major capital
projects and capital outlay for the Utility Fund.

HISTORY CURRENT YEAR BUDGET
2020-2021 2021-2022 2022-2023 2022-2023 2023-2024
FUND 45 Actual Actual Budget Projected Budget
Working Capital, at October 1 $11,993,760 $9,707,417 $7,981,721 $9,757,411 $3,982,133
Revenue:
Interest Income 66,116 81,393 150,000 500,000 500,000
Bond Proceeds/premium 76,050 294,127 0 0
Transfer from Water Sewer Operating 0 0 140,000 140,000 0
Miscellaneous/Grant 64,065 200,865 0 0 0
Total Revenue/Other Sources $206,231 $576,385 $290,000 $640,000 $500,000

Total Available Resources $12,199,991 $10,283,802 $8,271,721 $10,397,411 $4,482,133
Expenditures:

Bond Issuance Costs 31,593 0 0 0
Loss on Refunding 0 0 0 0 0
Building Improvements 0 0 0 0 0
Water & Sewer Mains 27,589 72,498 80,000 80,000 117,000
SSES Repairs 48,813 56,690 60,000 60,000 60,000
Capital Outlay:
Heavy Equipment 0 0 550,000 0 550,000
Motor Vehicles 0 0 0 0 0
Water Tower Improvements 0 0 0 0 0
Infrastructure
CDBG 20,616 158,300 250,000 50,000 250,000
Water & Wastewater Improvements 2,363,963 333,525 6,006,911 6,225,278 3,021,100

Total Expenditures $2,460,981 $621,013 $6,946,911 $6,415,278 $3,998,100
Depreciation $575,454 $567,452 $0 $0 $0
Transfers:
Transfer 0 0 0 0 0
Total Transfers $0 $0 $0 $0 $0

Cash Balance, September 30 $9,707,417 $9,662,790 $1,324,810 $3,982,133 $484,033

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