Page 116 - CityofWataugaAdoptedBudgetFY25

COMBINED SUMMARY OF REVENUES AND EXPENDITURES

ANALYSIS OF CHANGES IN FUND BALANCES

The following table briefly describes the impacts of the projected changes in fund balances for
the year, a total decrease of $25,865,504. The largest decreases are due to planned capital
project spending in the General Capital Project Fund, Water/Sewer Utility Project Fund, and
Storm Drain Utility Fund.

Beginning Ending
Fund Fund
Fund Balance Balance Difference Comments

General Fund $8,729,777 $8,147,837 ($581,940) Drawdown is primarily for one-time equipment
and transfer to Capital Projects fund. Projected
ending fund balance exceeds financial policy
minimum target of 25%.

W/S Utility Fund $3,154,207 $2,669,617 ($484,590) Drawdown largely due to the increase in
wastewater operations. Ending fund balance is
at financial policy minimum target.
Economic Development $2,833,101 $3,181,361 $348,260 Increase due to shift of focus to Economic
Corp. Sales Tax (formerly Development. Fund balance to be used for
Parks Development) future projects. Ending fund balance exceeds
financial policy minimum target.
Crime Control District $1,508,694 $930,194 ($578,500) Decrease due to vehicle and equipment one-
time purchases (capital outlay). Ending fund
balance complies with financial policy.
Storm Drain Utility Fund $4,737,000 $1,702,160 ($3,034,840) Drawdown is due to Capital Projects paid from
storm drain fees that were identified in 5-year
CIP. Ending fund balance exceeds financial
policy minimum target.
General Capital Projects $19,840,008 $3,959,164 ($15,880,844) Continuation of major capital projects, which
Fund include major street projects, parks projects,
and trails throughout the City.
W/S Construction Fund $5,474,921 $153,471 ($5,321,450) Water/sewer projects are planned this fiscal
year to continue as identified in 5-year CIP.
Internal Service $1,802,579 $1,440,439 ($362,140) Decrease in fund balance due to purchases
(Equipment Repl. Fund) using legacy funds this fiscal year for
equipment.
Fleet ILA $124,894 $177,994 $53,100 No minimum target fund balance policy.
Services to surrounding cities are anticipated to
increase this fiscal year, resulting in additional
revenues.
PEG Fee Fund $134,434 $151,934 $17,500 No minimum target fund balance. Fees received
in compliance with SB1087, resulting in
additional revenues.

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