Page 45 - CITY OF WATAUGA, TEXAS ANNUAL BUDGET PORTRAIT
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Expenditures for water purchases and sewer treatment services also vary based on
customer usage and weather. Total expenses are estimated as $11,037,280. These
expenditures include an increase in our wholesale wastewater costs by the City of Ft.
Worth.
The fund is anticipated to have an ending fund balance of $2,329,561 which is a 21%
reserve level at the end of FY2025-2026. The City’s reserve policy is a 25% balance.
Fleet Interlocal Agreement Fund
In FY2019-2020, the City began to contract with surrounding cities to provide fleet
services. To date, the City has interlocal agreements with nine other cities. FY2025-2026
revenues are estimated to be $235,000 and expenses at $240,040, to include one-
time capital outlay needs. Ending fund resources are projected at $207,512.
Water and Sewer Debt Service Fund
The Utility Fund debt service requirement for FY 2025-2026 is $2,235,948 and will be
funded by a transfer from the Water/Sewer operating fund and fund balance reserves.
The fund balance at the end of the year is estimated at $284. Debt service is paid for
those issuances that fund wastewater improvements identified in the 5-year Capital
Improvement Plan.
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