Page 288 - CityofWataugaAdoptedBudgetFY25

CIP AND CAPITAL PROJECTS FUNDS

GENERAL CAPITAL PROJECTS FUND

CAPITAL PROJECTS SUMMARY

HISTORY CURRENT YEAR BUDGET
2021-2022 2022-2023 2023-2024 2023-2024 2024-2025
FUND 07 Actual Actual Budget Projected Budget

Beginning Fund Balance* $11,248,865 $14,266,067 $21,122,786 $21,122,786 $19,840,008

Revenues:
Transfer from General Fund 1,085,000 485,000 235,000 235,000 648,000
Grants 0 800,000 3,200,000 0 3,200,000
2021/2022 Certificates of Obligation/Tax Notes 4,562,512 0 0 0
2023 Proposed Certificates of Obligation 0 9,142,698 0 0 0
2024 Proposed Certificates of Obligation 0 0 0 3,600,000 0
Other financing sources 0 0 0 0 0
Interest Income / Misc. 81,823 638,216 600,000 800,000 600,000
Total Revenue: $5,729,335 $11,065,914 $4,035,000 $4,635,000 $4,448,000

Total Available Resources $16,978,200 $25,331,980 $25,157,786 $25,757,786 $24,288,008
Expenditures:
Public Works:
Bond Issuance 114,078 173,444 0 0 0
Building Improvements 0 0 195,000 144,400 95,000
Equipment (Misc) 0 0 10,000 3,100 197,800
Green Ribbon 38,720 4,734 50,000 50,000 50,000
Contingency 0 0 80,000 80,000 25,000
Engineering 25,000 27,418 30,000 30,000 30,000
Pmt to NRH for Rufe Snow 63,068 63,068 60,500 60,500 0
Sidewalk Replacement 36,740 121,902 150,000 150,000 175,000
Street Overlays/Maintenance 0 0 800,000 800,000 950,000
Capital Projects 2,434,528 3,818,629 21,873,731 4,599,778 18,806,044

Total Fund Expenditures: $2,712,134 $4,209,195 $23,249,231 $5,917,778 $20,328,844

Ending Fund Balance $14,266,067 $21,122,786 $1,908,555 $19,840,008 $3,959,164

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