Page 175 - CITY OF WATAUGA, TEXAS ANNUAL BUDGET PORTRAIT

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
2022-2023 2023-2024 2024-2025 2024-2025 2025-2026
Actual Actual Budget Projected Budget

Fund Balance, October 1 $53,471 $110,794 $124,894 $139,452 $212,552
Revenues:
Other Revenue 151,136 99,391 151,000 220,000 235,000
Interest Earnings 0 0 0 0 0
Total Revenues $151,136 $99,391 $151,000 $220,000 $235,000

Total Available Resources $204,607 $210,185 $275,894 $359,452 $447,552

Expenditures:
Personnel 16,081 16,498 15,000 24,000 94,290
Supplies 73,974 50,749 75,000 115,000 125,000
Maintenance 3,758 3,486 6,400 6,400 8,500
Capital 0 0 1,500 1,500 12,250
Expenditures $93,813 $70,733 $97,900 $146,900 $240,040

TOTAL EXPENDITURES $93,813 $70,733 $97,900 $146,900 $240,040

Fund Balance, September 30 $110,794 $139,452 $177,994 $212,552 $207,512

CHANGE IN FUND BALANCE $57,323 $28,658 $53,100 $73,100 ($5,040)

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