Page 51 - CITY OF WATAUGA, TEXAS ANNUAL BUDGET PORTRAIT

GENERAL FUND BUDGET SUMMARY

HISTORY PROJECTED YEAR BUDGET CHANGE
2022-2023 2023-2024 2024-2025 2024-2025 2025-2026 FY2024-2025 to 2025-2026
Actual Actual Budget Projected Budget $ %

Fund Balance, October 1 $ 8,276,216 $ 8,925,314 $ 8,729,777 $ 9,398,557 $ 9,230,290 $ 500,513
Revenues:
Property Taxes 6,727,508 7,309,621 7,800,000 7,740,000 8,321,500 521,500 7.1%
Sales Taxes 4,844,990 4,842,205 4,964,980 4,964,980 5,017,715 52,735 1.1%
Permits and Licenses 783,980 999,714 825,500 993,000 948,000 122,500 12.3%
Fines & Forfeitures 470,674 484,616 590,500 575,500 621,425 30,925 6.4%
Charges for Services 1,156,157 1,322,130 1,351,500 1,405,500 1,397,500 46,000 3.5%
Franchise Fees 879,489 825,820 859,500 815,533 845,000 (14,500) -1.8%
Intergovernmental Revenue 514,000 503,000 562,000 561,000 561,000 (1,000) -0.2%
Miscellaneous 810,966 957,328 827,200 786,200 825,150 (2,050) -0.2%
Operating Revenues $ 16,187,765 $ 17,244,433 $ 17,781,180 $ 17,841,713 $ 18,537,290 $ 756,110 4.4%
Operating Transfers-In:
Transfers from Other Funds 817,827 859,510 910,640 954,110 950,250 39,610 4.6%
Water/Sewer, Storm, EDC, Traffic Safety
Total Operating Revenues and Transfers-in $ 17,005,592 $ 18,103,943 $ 18,691,820 $ 18,795,823 $ 19,487,540 $ 795,720 4.4%

Total Available Resources $ 25,281,808 $ 27,029,257 $ 27,421,597 $ 28,194,380 $ 28,717,830 $ 1,296,233 4.8%
Expenditures:
City Manager 273,559 217,451 320,500 311,700 344,500 24,000 11.0%
City Secretary 182,698 225,354 260,000 241,260 277,000 17,000 7.5%
City Attorney* 49,314 39,733 65,000 55,000 55,000 (10,000) -25.2%
City Attorney - Prosecutor* 15,525 17,236 25,000 21,000 20,000 (5,000) -29.0%
Non-Departmental* 724,739 882,188 917,350 917,290 943,550 26,200 3.0%
Human Resources 207,594 243,239 339,850 335,760 432,580 92,730 38.1%
Development Services 206,394 263,248 369,040 366,350 380,960 11,920 4.5%
Finance - Municipal Court Division* 410,381 433,418 461,790 461,410 498,810 37,020 8.5%
Finance 539,349 572,759 650,660 642,410 641,800 (8,860) -1.5%
Information Technology 576,931 627,258 703,850 679,460 785,850 82,000 13.1%
Library 1,002,312 1,116,534 1,244,700 1,240,300 1,333,000 88,300 7.9%
Recreation & Community Serv. 394,219 665,993 760,740 739,660 822,720 61,980 9.3%
Parks** 627,082 898,634 878,360 864,480 883,950 5,590 0.6%
Police Division 4,640,961 4,859,286 5,278,200 5,278,390 5,544,530 266,330 5.5%
Fire / EMS 3,735,025 4,070,004 4,129,640 3,965,190 4,343,320 213,680 5.3%
Public Works - Street Division 559,974 586,243 718,430 694,810 762,740 44,310 7.6%
Fleet Maintenance 238,205 245,348 461,250 460,940 513,170 51,920 21.2%
Building Maintenance 987,232 1,031,772 1,041,400 1,040,680 1,084,760 43,360 4.2%
Operating Expenditures 15,371,495 16,995,700 18,625,760 18,316,090 19,668,240 1,042,480 6.1%
*City Attorney and City Attorney budgeted in non-departmental and Court through FY2020-2021 and moved to City Attorney in FY2021-2022
Operating Surplus/(Deficit) $ 1,634,097 $ 1,108,243 $ 66,060 $ 479,733 $ (180,700)
Transfers to Other Funds
To Capital Project Fund Projects 485,000 235,000 648,000 648,000 (648,000) 100.0%
To Equipment Repl. - Fund Year 500,000 400,000 0 120,000 120,000 0.0%

Total Transfers to Other Funds 985,000 635,000 648,000 648,000 120,000 $ (528,000)
TOTAL OPERATING & TRANSFERS $ 16,356,495 $ 17,630,700 $ 19,273,760 $ 18,964,090 $ 19,788,240 $ 514,480 2.9%
Fund Balance, September 30 $ 8,925,314 $ 9,398,557 $ 8,147,837 $ 9,230,290 $ 8,929,590
STRATEGIC INITIATIVE
CHANGE IN FUND BALANCE $ 649,097 473,243 (581,940) (168,267) (300,700)
% OF EXPENDITURES 58% 55% 42% 49% 45%

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