Page 290 - CityofWataugaAdoptedBudgetFY25

CIP AND CAPITAL PROJECTS FUNDS

UTILITY CONSTRUCTION FUND 45 – CAPITAL PROJECTS
BUDGET SUMMARY

The Utility Construction Fund accounts for the acquisition and construction of major capital
projects and capital outlay for the Utility Fund.

HISTORY CURRENT YEAR BUDGET
2021-2022 2022-2023 2023-2024 2023-2024 2024-2025
FUND 45 Actual Actual Budget Projected Budget

Working Capital, at October 1 $10,475,157 $10,430,530 $9,424,751 $10,100,371 $5,474,921
Revenue:
Interest Income 81,393 501,098 500,000 550,000 500,000
Bond Proceeds/premium 294,127 78,638 0 3,500,000 0
Transfer from Water Sewer Operating 0 140,000 0 0 0
Miscellaneous/Grant 200,865 16,347 0 200,000 150,000
Total Revenue/Other Sources $576,385 $736,083 $500,000 $4,250,000 $650,000

Total Available Resources $11,051,542 $11,166,612 $9,924,751 $14,350,371 $6,124,921

Expenditures:

Bond Issuance Costs 0 0 0
Loss on Refunding 0 0 0 0 0
Building Improvements 0 0 0 0 0
Water & Sewer Mains 72,498 72,921 117,000 83,000 83,800
SSES Repairs 56,690 56,277 60,000 60,000 66,000
Street Repairs 0 0 34,000 34,000 34,000
Capital Outlay:
Heavy Equipment 0 0 550,000 550,000 0
Motor Vehicles 0 0 0 0 0
Water Tower Improvements 0 0 0 0 0
Infrastructure
CDBG 158,300 0 250,000 250,000 250,000
Water & Wastewater Improvements 333,525 937,043 7,890,990 7,898,450 5,537,650

Total Expenditures $621,013 $1,066,241 $8,901,990 $8,875,450 $5,971,450
Depreciation $0 $0 $0 $0 $0
Transfers:
Transfer 0 0 0 0 0
Total Transfers $0 $0 $0 $0 $0

Cash Balance, September 30 $10,430,530 $10,100,371 $1,022,761 $5,474,921 $153,471

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