This document presents a finite element analysis of different annular mat foundation systems for elevated water tanks. It analyzes and compares three cases: 1) an annular mat foundation with an annular ring beam, 2) an annular mat foundation without a ring beam, and 3) a circular solid raft foundation. The analysis is conducted using STAAD Pro software to determine factors like base pressure, bending moments, shear forces, and deflections. It finds that incorporating an annular ring beam can reduce bending moments in the mat by up to 30% and reduce the required steel by 10%. Incorporating the ring beam also provides a 12-18% savings in construction costs compared to an annular mat without a beam.