1. Tim Holloman Town Manager
Budget Meeting II May 7, 2019
Tim Holloman
Town Manager
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2. 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)

3. 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

4. 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.

5. 2019-20 2018-19 Committed Fund Balance Reserves:
Uninsured Claims $100, $100,000
Public Safety/Public Safety Building $545,000 $1,000,000
Watauga Intake $2,150,000 $2,000,000
Shane Park Project $50, $200,000
Public Works Building $400, $200,000
Lake Coffey Building and Bathrooms $400, $200,000
Hill Stabilization at Buckeye Lake $200, $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

6. BEGIN LINE ITEM PAGE
REVIEW OF
REVENUES AND EXPENSES

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