Page 310 - CityofWataugaAdoptedBudgetFY25

The City is committed to fiscal sustainability by employing long-term financial planning efforts,
maintaining appropriate reserve levels, and employing prudent practices in governance,
management, budget administration and financial reporting. Below is the General Fund Debt
Payment Schedule for all current issuances. As debt drops off, other projects may be funded
through debt issuance that are identified in the City’s 5- year Capital Improvement Plan and
Capital Outlay Plan.

Debt levels and their related annual costs are important long-term obligations that must be
managed within available resources. A disciplined, thoughtful approach to debt management
includes policies that provide guidelines for the City to manage its debt consistent with available
and reasonably anticipated resources. The City’s debt issuance is related to the Capital
Improvement Plan and Capital Outlay Plan, as well as cash reserves, and possible grant
funding for those programs. The City strives to maintain a level funding plan that will minimize
the peaks and valleys in General Fund support levels and allows the funding of projects over
time.

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