Page 182 - CITY OF WATAUGA, TEXAS ANNUAL BUDGET PORTRAIT

CIP AND CAPITAL PROJECTS FUNDS

Utility Construction Fund 45 - Capital Projects
Budget Summary

HISTORY CURRENT YEAR BUDGET
2022-2023 2023-2024 2024-2025 2024-2025 2025-2026
FUND 45 Actual Actual Budget Projected Budget

Working Capital, at October 1 $10,430,530 $11,630,275 $12,246,561 $12,246,561 $11,109,254
Revenue:
Interest Income 501,098 195,011 500,000 425,000 425,000
Bond Proceeds/premium 78,638 78,638 0 1,500,000 0
Transfer from Water Sewer Operating 140,000 1,320,000 0 0 0
Transfer from WS CO I&S FUND 1,285,000
Miscellaneous/Grant 16,347 169,327 150,000 150,000 150,000
Total Revenue/Other Sources $2,021,083 $1,762,976 $650,000 $2,075,000 $575,000

Total Available Resources $12,451,612 $13,393,251 $12,896,561 $14,321,561 $11,684,254

Expenditures:

Bond Issuance Costs 0 58,570 0 0 0
Pension Plan/OPEB Adjustment 131,575 95,970 0 0 0
Loss on Disposition 3,864
Loss on Refunding 0 0 0 0 0
Building Improvements 0 0 0 0 0
Water & Sewer Mains 72,921 51,117 83,800 40,000 83,500
SSES Repairs 56,277 47,517 66,000 40,000 65,000
Street Repairs 0 22,750 34,000 14,000 34,000
Capital Outlay:
Heavy Equipment 0 305 0 0 0
Motor Vehicles 0 0 0 0 0
Water Tower Improvements 0 0 0 0 0
Infrastructure
CDBG 0 0 250,000 250,000 250,000
Water & Wastewater Improvements 0 290,000 7,710,966 2,868,307 8,063,640

Total Expenditures $264,637 $566,230 $8,144,766 $3,212,307 $8,496,140
Depreciation $556,700 $580,461 $0 $0 $0
Transfers:
Transfer 0 0 0 0 0
Total Transfers $0 $0 $0 $0 $0

Cash Balance, September 30 $11,630,275 $12,246,561 $4,751,795 $11,109,254 $3,188,114

Revenue over (under) Expense 1,756,446 1,196,746 (7,494,766) (1,137,307) (7,921,140)
*Budget rolls over each Fiscal Year until completion

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