Page 39 - CITY OF WATAUGA, TEXAS ANNUAL BUDGET PORTRAIT

Transfers In – Transfers in are comprised of funds transferred from another fund for
general and administrative fees or obligations that the General Fund provides. The
contributing funds include the proprietary funds (Water and Sewer, Storm Drain) and
special revenue funds (Crime Control and Economic Development Fund). These are
projected at 5% of General Fund Revenues.

General Fund Expenditures

The operating expenditures (including transfers) for the General Fund totals $19,788,240.
This is a 2.9%, or a $514,480 increase over last year’s budgeted expenditures, including
transfers.

Personnel expenditures make up 73% of the General Fund’s budget. A total of 2.5 full-
time equivalent positions were added to the general fund this year. In the
FY2025-26 budget, medical insurance costs decreased approximately 1.2%, and the
City’s TMRS (retirement funding) decreased by .71%. Also included is a 3% cost
of living for all employees, civil service step increases, and a merit increase for
general government employees. Police and Fire expenditures make up 50% of the
General Fund Budget.

The General Fund expenditures include $50,000 of contingency funds for
unforeseen events or emergency purchases during the year. Street overlays are
proposed to be funded by 2025 debt.

There will be a utilization of fund balance for one-time expenditures and programs in
the amount of $300,700 for this year and the projected ending fund balance for
FY2025-26 is $8,929,590, which equates to 45% of operating expenditures in reserves.

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