Tim Holloman Town Manager Budget Meeting II May 7, 2019 Tim Holloman Town Manager This template can be used as a starter file for presenting training materials in a group setting. Sections Right-click on a slide to add sections. Sections can help to organize your slides or facilitate collaboration between multiple authors. Notes Use the Notes section for delivery notes or to provide additional details for the audience. View these notes in Presentation View during your presentation. Keep in mind the font size (important for accessibility, visibility, videotaping, and online production) Coordinated colors Pay particular attention to the graphs, charts, and text boxes. Consider that attendees will print in black and white or grayscale. Run a test print to make sure your colors work when printed in pure black and white and grayscale. Graphics, tables, and graphs Keep it simple: If possible, use consistent, non-distracting styles and colors. Label all graphs and tables.

CHANGES FROM APRIL 17TH BUDGET MEETING DRY SLED HILL EQUIPMENT REMOVED SALARIES FOR THE ADDITIONAL ATTENDANTS REMOVED FOR THE SUMMER SLED HILL ECONOMIC DEVELOPMENT DEPARTMENT CHANGED TO VISITOR CENTER DEPARTMENT VISITOR CENTER COORDINATOR VISITOR CENTER ADMINISTRATIVE ASSISTANT MARKETING REDUCED TO $1,250 DATA PROCESSING $4,252 WAS ADDED TO THE GENERAL FUND DATA PROCESSING $1,600 WAS ADDED TO UTILITIES DATA PROCESSING $1,250 WAS ADDED TO SANITATION DATA PROCESSING $6,000 WAS ADDED TO 911(911 FUNDS)

BUDGET NET CHANGES FROM APRIL 17, 2019 GENERAL FUND $7,469,064 GENERAL FUND MAY 7TH $7,415,536 UTIILTY FUND $4,622,138 UTILILTY FUND MAY 7TH $4,625,138 SANITATION FUND $480,659 SANITATION FUND MAY 7TH $483,059 911 ETS $80,130 911 ETS MAY 7TH $87,930

SALES TAX REVENUE AND EXPENSE RECOMMENDED CHANGE: LOCAL SALES TAX REVENUE $1,515,862 (REVENUE SIDE) ADMINISTRATION LISTED AS A $500,000 TRANSFER TO FUND BALANCE (EXPENSE SIDE) SUGGESTED LOCAL SALES TAX REVENUE ESTIMATE ($1,015,862) DELETE SHOWING THE TRANSFER TO FUND BALANCE OF $500,000. EITHER WAY REVENUES ABOVE PROJECTIONS ARE GOING TO THE GENERAL FUND BALANCE. REDUCES THE ACTUAL GENERAL FUND BUDGET FROM $7,415,536 TO $6,915,536.

2019-20 2018-19 Committed Fund Balance Reserves: 2019-20 2018-19 Uninsured Claims $100,000 $100,000 Public Safety/Public Safety Building $545,000 $1,000,000 Watauga Intake $2,150,000 $2,000,000 Shane Park Project $50,000 $200,000 Public Works Building $400,000 $200,000 Lake Coffey Building and Bathrooms $400,000 $200,000 Hill Stabilization at Buckeye Lake $200,000 $200,000 $3,845,000 $3,296,690 Anticipated addition to Fund Balance $400,000 Total Fund Balance (Unassigned and Unaudited) $8,350,881 $7,950,881

BEGIN LINE ITEM PAGE REVIEW OF REVENUES AND EXPENSES

BUDGET DATES AHEAD MAY 24TH 2ND WORKSHOP AT 2:00 PM JUNE 11, 2019 2ND PUBLIC HEARING 4:00 PM