Page 279 - CityofWataugaAdoptedBudgetFY25

FLEET INTERLOCAL – FUND 21

The Fleet Interlocal fund was established during FY2019-2020
when Council approved a resolution to provide vehicle
maintenance services for surrounding government entities.

The Interlocal agreement between the City and entities allows Watauga to provide
vehicle maintenance services for a defined fee. This was established in an effort to
achieve common objectives relating to the services regarding vehicle maintenance and
in the interest of saving taxpayer funding.

Each year the rate schedule set forth in the agreements shall increase per the
Consumer Price Index for All Urban Consumers (CPI-U).

FLEET INTERLOCAL FUND BUDGET SUMMARY

HISTORY PROJECTED YEAR BUDGET
2021-2022 2022-2023 2023-2024 2023-2024 2024-2025
Actual Actual Budget Projected Budget

Fund Balance, October 1 $14,552 $53,471 $57,971 $110,794 $124,894
Revenues:
Other Revenue 90,503 151,136 110,000 90,000 151,000
Interest Earnings 0 0 0 0 0
Total Revenues $90,503 $151,136 $110,000 $ 90,000 $ 151,000

Total Available Resources $105,055 $204,607 $167,971 $ 200,794 $ 275,894

Expenditures:
Personnel 10,774 16,081 15,000 15,000 15,000
Supplies 35,997 73,974 75,000 55,000 75,000
Maintenance 4,814 3,758 5,500 5,900 6,400
Capital 0 0 0 0 1,500
Expenditures $51,585 $93,813 $95,500 $75,900 97,900

TOTAL EXPENDITURES $51,585 $93,813 $ 95,500 $ 75,900 $ 97,900
Fund Balance, September 30 $53,471 $110,794 $72,471 $124,894 $177,994

CHANGE IN FUND BALANCE $38,918 $57,323 $14,500 $14,100 $53,100

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