Page 153 - CityofWataugaAdoptedBudgetFY25

GENERAL FUND BUDGET SUMMARY

HISTORY PROJECTED YEAR BUDGET CHANGE
2021-2022 2022-2023 2023-2024 2023-2024 2024-2025 FY2023-2024 to 2024-2025
Actual Actual Budget Projected Budget $ %
Fund Balance, October 1 $ 6,947,251 $ 8,276,216 $ 8,430,297 $ 8,925,314 $ 8,729,777 $ 299,480
Revenues:
Property Taxes 6,446,896 6,727,508 7,194,500 7,309,300 7,800,000 605,500 8.3%
Sales Taxes 4,705,981 4,844,990 5,038,000 4,890,300 4,964,980 (73,020) -1.4%
Permits and Licenses 741,399 783,980 762,700 831,450 825,500 62,800 8.2%
Fines & Forfeitures 638,906 470,674 559,500 488,900 590,500 31,000 5.5%
Charges for Services 1,024,127 1,156,157 1,203,000 1,257,300 1,351,500 148,500 12.3%
Franchise Fees 791,372 879,489 889,500 845,500 859,500 (30,000) -3.4%
Intergovernmental Revenue 502,600 514,000 503,000 503,000 562,000 59,000 11.7%
Miscellaneous 436,082 810,966 739,700 869,200 827,200 87,500 11.8%
Operating Revenues $ 15,287,363 $ 16,187,765 $ 16,889,900 $ 16,994,950 $ 17,781,180 $ 891,280 5.3%
Operating Transfers-In:
Transfers from Other Funds 779,300 817,827 861,000 861,000 910,640 49,640 5.8%
Water/Sewer, Storm, EDC, Traffic Safety
Total Operating Revenues and Transfers-in $ 16,066,663 $ 17,005,592 $ 17,750,900 $ 17,855,950 $ 18,691,820 $ 940,920 5.3%
Total Available Resources $ 23,013,913 $ 25,281,808 $ 26,181,197 $ 26,781,264 $ 27,421,597 $ 1,240,400 4.7%
Expenditures:
City Manager 149,847 273,559 314,230 242,140 320,500 6,270 2.0%
City Secretary 177,721 182,698 248,250 235,650 260,000 11,750 4.7%
City Attorney* 55,895 49,314 70,000 65,000 65,000 (5,000) -7.1%
City Attorney - Prosecutor* 36,000 15,525 25,000 25,000 25,000 0 0.0%
Non-Departmental* 646,611 724,739 879,415 917,125 917,350 37,935 4.3%
Human Resources 203,559 207,594 248,030 261,102 339,850 91,820 37.0%
Development Services 168,679 206,394 291,860 286,460 369,040 77,180 26.4%
Finance - Municipal Court Division* 369,707 410,381 456,110 436,370 461,790 5,680 1.2%
Finance 538,292 539,349 603,210 577,010 650,660 47,450 7.9%
Information Technology 495,879 576,931 683,240 650,385 703,850 20,610 3.0%
Library 865,205 1,002,312 1,175,200 1,159,150 1,244,700 69,500 5.9%
Recreation & Community Serv. 287,369 394,219 700,520 737,170 760,740 60,220 8.6%
Parks** 579,228 627,082 947,785 941,385 878,360 (69,425) -7.3%
Police Division 4,417,806 4,640,961 5,073,500 4,828,200 5,278,200 204,700 4.0%
Fire / EMS 3,196,643 3,735,025 4,096,490 4,066,760 4,129,640 33,150 0.8%
Public Works - Street Division 429,590 559,974 719,780 629,930 718,430 (1,350) -0.2%
Fleet Maintenance 203,258 238,205 361,650 288,950 461,250 99,600 27.5%
Building Maintenance 801,409 987,232 1,069,900 1,068,700 1,041,400 (28,500) -2.7%
Operating Expenditures 13,622,697 15,371,495 17,964,170 17,416,487 18,625,760 $ 661,590 3.7%
*City Attorney and City Attorney budgeted in non-departmental and Court through FY2020-2021 and moved to City Attorney in FY2021-2022
Operating Surplus/(Deficit) $ 2,443,966 $ 1,634,097 $ (213,270) $ 439,463 $ 66,060
Transfers to Other Funds
To Capital Project Fund Projects 1,115,000 485,000 235,000 235,000 648,000 413,000 100.0%
To Equipment Repl. - Fund Year 0 500,000 0 400,000 0 0 0.0%
Total Transfers to Other Funds 1,115,000 985,000 235,000 635,000 648,000 $ 413,000
TOTAL OPERATING & TRANSFERS $ 14,737,697 $ 16,356,495 $ 18,199,170 $ 18,051,487 $ 19,273,760 $ 1,074,590 5.9%
Fund Balance, September 30 $ 8,276,216 $ 8,925,314 $ 7,982,027 $ 8,729,777 $ 8,147,837
STRATEGIC INITIATIVE
CHANGE IN FUND BALANCE $ 1,328,966 $ 649,097 (448,270) (195,537) (581,940)
% OF EXPENDITURES 61% 58% 44% 50% 42%

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