Page 289 - CityofWataugaAdoptedBudgetFY25

CIP AND CAPITAL PROJECTS FUNDS

ECONOMIC DEVELOPMENT CORPORATION
BUDGET SUMMARY
FUND 05 - CAPITAL PROJECTS

The Watauga Economic Development Construction fund accounts for construction projects in
and for the Economic Development Corporation.

HISTORY PROJECTED YEAR BUDGET
2020-2021 2021-2022 2022-2023 2023-2024 2023-2024 2024-2025
Actual Actual Actual Original Budget Projected Budget
Fund Balance, October 1 $38,835 $38,660 $30,346 $21,146 $32,345 $24,345
Revenues:
Interest Earnings 61 247 1,543 100 2,000 2,000
Proceeds from Sale of Assets 0 0 456 0 0 0
Transfer from EDC Sales Tax Fund 0 375,000 0 0 0 100,000
Other Financing Sources 0 0 0 0 0 0
Matching Grants 0 0 0 0 0 0
Total Revenues $61 $375,247 $1,999 $100 $2,000 $102,000

Total Available Resources $38,896 $413,907 $32,345 $21,246 $34,345 $126,345

Expenditures:*
Purchase of Property 0 375,000 0 0 0 0
Foster Village Improvements 0 0 0 0 0 0
Shade Structure - Indian Springs 0 0 0 0 0 0
Park Equipment (Picnic Pads, etc.) 0 0 0 0 0 0
Capp Smith Park Improvements 236 0 0 0 0 90,000
Contingency 0 8,561 0 10,000 10,000 10,000
Total Expenditures $236 $383,561 $0 $10,000 $10,000 $100,000

Other Expenditures
Transfer to PDC Debt Service 0 0 0 0 0 0
Total Other Sources (Uses) 0 0 0 0 0 0

REVENUES OVER (UNDER) EXPENSES ($175) ($8,314) $1,999 ($9,900) ($8,000) $2,000

Fund Balance, September 30 $38,660 $30,346 $32,345 $11,246 $24,345 $26,345

CHANGE IN FUND BALANCE ($175) ($8,314) $1,999 ($9,900) ($8,000) $2,000

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