Page 149 - CityofWataugaAdoptedBudgetFY25
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BUDGET SUMMARY
useful life of at least five years. This fund is designed to provide on-going financing
for replacement equipment once it reaches its expected life span. The Equipment
Replacement Fund purchases these items and charges the acquiring fund a
prorated amount based on the cost and useful life of the equipment. These are
reflected as transfers in from other funds and charges for services. This year we
are utilizing this fund for the purchase of rolling stock, equipment, technology, and
facility needs in the amount of $949,800.
The forecasted ending Fund Balance is $1,440,439.
Conclusion
This Budget in Brief is a summary of the major highlights of the 2024-2025 Fiscal Year
Budget document. This budget contains the significant budget changes and new and
expanded requests submitted by departments this fiscal year. The summaries by fund
and departmental detail can be found in the fund sections
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