Page 33 - CITY OF WATAUGA, TEXAS ANNUAL BUDGET PORTRAIT

In total, $37 million is budgeted for general capital projects and equipment. The
projected year-end fund balance is $2 million, assuming all projects are completed.
Unused funds will roll over to the next fiscal year.

Capital equipment identified needs include $1.6 million in vehicles, equipment, facility
and technology needs, to include the ambulance estimated at $525,000. More
information can be found in the Capital Outlay section of this document.

General Fund

General Fund Revenues
The FY2025-2026 General Fund budget totals $19.8 million, a 2.9% increase ($514,480)
over the prior year.

Growth is projected in several areas:

 Property Taxes: The City’s largest General Fund revenue source, comprising 43% of
revenues. Certified property valuations increased 1.3%, bringing total net taxable
values to $2.3 billion. Tarrant Appraisal District (TAD) provides the certified roll that
reflects all taxable property in the City as of January 1, 2025. The City Council sets
the tax rate based on the debt rate required to pay the City’s General bonded
indebtedness and funds needed for maintenance and operations to support the
General Fund.

 Sales Taxes: Contribute 26% of revenues. FY2024-2025 collections are 1% below
budget, but 2% above the prior year. FY2025-2026 projections are conservatively
set 1.5% above current year-end estimates.

 Other Revenue Sources:

• Utility Franchise Fees (4%): Revenues from utility use of public rights-of-way.

• Licenses & Permits (5%): Stable, with expected gains from new developments.

• Charges for Services (7%): Includes EMS, recreation, and developer
reimbursements.

• Fines & Forfeitures (3%): Court fines and related collections.

• Miscellaneous Revenue (4%): Investment income, property sales, and tower
rentals.

• Transfers In (5%): Contributions from enterprise and special revenue funds.

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