HomeMy WebLinkAboutMunicipal Budget presentation
1.Transparency Efforts and Fiscal Stewardship
2.Comprehensive Planning Document
3.Strategic Planning (Balanced Scorecard system)
4.Westlake Academy
5.Town’s CIP
6.Granada Construction
7.Direction Finders Survey Results
Section 1 page 14
08/12/2015 Town Council Budget Workshop 2
08/12/2015 Town Council Budget Workshop 3
1.As a Policy Document
•budget policies, goals and objectives
2.As a Financial Plan
•financial structure, stewardship and setting service levels
3.As an Operations Guide
•direction through the use of goals and objectives
4.As a Communications Device
•for readers with a non-financial background
5.Vision, Values & Mission
•aligns resources and strategic plan to V V M
08/12/2015 Town Council Budget Workshop 4
Vision Statement
An oasis of natural beauty that
maintains our open spaces in
balance with distinctive
developments, trails, and quality
of life amenities amidst an ever
expanding urban landscape.
Mission Statement
Westlake is a unique community blending preservation of our natural environment
and viewscapes, while serving our residents and businesses with superior municipal
and academic services that are accessible, efficient, cost-effective, and transparent.
Strategic Themes
Natural Oasis
Exemplary Service & Governance
High Quality Planning, Design & Development
Exemplary Education – Westlake Academy
08/12/2015 Town Council Budget Workshop 5
V V M
Forging
Westlake
Challenges
Identified
Section 1 page 2-3-4
Comp Plan
08/12/2015 Town Council Budget Workshop 6
Themes
Perspectives
Outcomes
Section 1 page 8-9
08/12/2015 Town Council Budget Workshop 7
S L A Comp Plan
Challenges
Section 1 page 15
BUDGET THEMES
FY 2011 - 2012 “Investing in Our Future”
FY 2012 – 2013 “Driving Service Excellence”
FY 2013 – 2014 “Moving Forward Together”
FY 2014 – 2015 “Community Growth”
On the Horizon
FY 2015 – 2016 “Forging Westlake”
Writing the Next Chapter
08/12/2015 Town Council Budget Workshop 8
08/12/2015 Town Council Budget Workshop 9
LOCAL CHALLENGES
1.DFW Metro Area Growth
2.Water Demand
3.Transportation, Mobility & Traffic Congestion
Section 1 page 2
08/12/2015 Town Council Budget Workshop 10
REGIONAL CHALLENGES - MUNICIPAL
1.Westlake’s Permanent Population Growth
2.Traffic Demands Due to Growth (Westlake & Surrounding)
3.Daytime Population
4.Housing Start Increases
5.Impact of Westlake Academy on Residential Growth
6.Balanced Growth to Impact Cost of Municipal Services
7.Management of Development
8.Implementation of the Comprehensive Plan
9.Continued Emphasis on Long-Range Financial Planning
Section 1 page 2-3-4
08/12/2015 Town Council Budget Workshop 11
REGIONAL CHALLENGES - ACADEMIC
1.Impact of Westlake Academy on Residential Growth
2.Westlake Academy Overall Enrollment
3.Opening of New Academy Buildings
4.Public Education Funding Shortfall
5.Continued emphasis on long-range financial planning:
Section 1 page 2-3-4
08/12/2015 Town Council Budget Workshop 12
08/12/2015 Town Council Budget Workshop 13
Section 1 page 15
08/12/2015 Town Council Budget Workshop 14
Budget is Balanced (state law)
Revenues Exceed Expenditures
Compiled Using the Town Council Financial Policies
No Changes to the Town Council Financial Policies
at this time
Section 1 page 5
$36.2M Revenues and Other Sources
•All Funds, Includes Academy
$31.5M Expenditures and Other Uses
•All Funds, Includes Academy
$ 4.7M Increase to Fund Balance 29.7%
•Includes $5.6M of residual bond funds
08/12/2015 Town Council Budget Workshop 15
Removing Westlake Academy from the Comparison
Results in $23.6M expenditures
•(for ALL expenditures, other uses and transfers out)
8.83% increase of $2.1M
08/12/2015 Town Council Budget Workshop 16
FY 14/15
Estimated
Expenditures
FY 15/16
Proposed
Expenditures
Change
Amount $
Change
Percent %
$ 21,514,925 $ 23,598,199 $ 2,083,274 8.83%
I F O NLY M UNICIPAL O PERATING E XPENSES
were taken into consideration
(removal of all expenses related to Capital Projects, Westlake Academy and Transfers)
the FY 15/16 proposed budget would show
A N I NCREASE OF 5.58% ($722,181 )
compared to the FY 14/15 estimated budget
08/12/2015 Town Council Budget Workshop 17
FY 14/15
Estimate
FY15/16
Proposed
Change
Amount
Change
Percent
Payroll $ 3,658,128 $ 4,115,956 $ 457,828 12.52%
Expenditures 9,288,522 9,552,875 264,353 2.85%
TOTAL $ 12,946,650 $ 13,668,831 $ 722,181 5.58%
Section 1 page 5
•Enterprise $1.050M Fort Worth Water Payment & $600K transfer to CP Fund
08/12/2015 Town Council Budget Workshop 18
Fund Balance increase percentage 31.4%
Fund Balance increase amount $ 4,577,696
General Operating Fund $ 133,919
Internal Service Funds 238,303
Capital Projects Funds 5,461,804
Special Revenue Funds 431,274
Funds that Increased Fund Balance $ 6,265,300
*Enterprise Funds $ (1,665,128)
Debt Service Fund (22,476)
Funds that Decreased Fund Balance $ (1,687,604)
Section 1 page 5
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TOTAL
AMOUNT
ONE-TIME
REVENUES
ON-GOING
REVENUES
REVENUES $ 9,084,349 $ 8,721,183 $ 346,133
percentage 96% 4%
Section 1 page 6-7
$8.4M Bond Revenues for Fire Station Complex
$134K Increases in Building Permit, Citation, and Franchise Fee Revenues
$500K Increased Revenue for Entrada Construction & Inspection Fees
08/12/2015 Town Council Budget Workshop 21
Section 1 page 6-7
SLA TYPE TOTAL
AMOUNT
ONE-TIME
COSTS
ON-GOING
COSTS
Maintenance & Replacement 9.1% $ 9,280 $ 9,280 $ -
Repair & Maintenance 6.7% 6,885 4,000 2,885
Rent & Utilities 40.3% 41,234 0 41,234
Service & Supplies 43.9% 44,873 60,000 (15,127)
TOTAL $ 102,272 $ 73,280 $ 28,992
percentage 72% 28%
$10,202 Part Time Clerk for Town Secretary
$71,132 Full Time Firefighter Paramedic
$10,972 Part Time Clerk for Facilities/Parks
08/12/2015 Town Council Budget Workshop 22
Section 3
BASE
PAYROLL
TRANSFER
IN
GENERAL FUND
PAYROLL IMPACT
Maintain current staff $ 240,556 $ (194,152) $ 46,404
Market adjustment 269,033 (78,808) 190,224
New employees 92,306 (5,486) 86,821
$ 601,895 $ (278,446) $ 323,449
08/12/2015 Town Council Budget Workshop 23
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PERSPECTIVE TOTAL
AMOUNT
ONE-TIME
COSTS
ON-GOING
COSTS
Citizens, Students
& Stakeholders $ 168,751 $ 81,000 $ 87,751
Financial Stewardship
(Increased Revenues) 9,084,349) 8,721,183) 363,166)
Municipal and
Academic Operations 149,116 241,531 (92,415)
People, Facilities
and Technology 5,215,831 4,577,280 635,551
GRAND TOTAL $ 3,553,651 $ 3,821,372 $ 267,721
Section 1 page 8-9
Objectives: Preserve Desirability & Quality of Life; Increase Customer Satisfaction
Highlights:
$35K Irrigation of new landscaping including FM 1938
$20K Maintenance of new landscaping, including FM 1938 and Dove Rd.
from FM 1938 to Randol Mill Rd.
$60K Solana Pavement Repair
$30K Police Services
$17K Community Promotional Videos & Municipal Website Refresh & Redesign
Meeting Challenges:
Transportation, Mobility and Traffic Congestion
Population Growth
Pursuit of Infrastructure and Services Reinvestment
Service Level Adjustments
Citizens, Students, & Stakeholders
08/12/2015 Town Council Budget Workshop 26
Objectives: Increase Financial Capacity & Reserves; Increase Revenue Streams
Highlights:
$ 8.4M Bond Revenues for Fire Station Complex
$ 134K Increases in Building Permit, Citation, and Franchise Fee Revenues
$ 40K Increased Development Agreement Revenue (Granada
$ 500K Increased Revenue for Entrada Construction & Inspection Fees
$(385K) Decreased One Time Bond Proceeds Related to PID Creation
Meeting Challenges:
Population Growth
Management of Development
Continued Emphasis on Long-Range Financial Planning
Service Level Adjustments
Financial Stewardship
08/12/2015 Town Council Budget Workshop 27
Objectives: Maximize Efficiencies & Effectiveness; Encourage Westlake’s Unique Sense of Place; Increase Transparency, Accessibility & Communications
Highlights:
$ 85K Update Ordinances to Support the Comprehensive Plan
$(149)K Decreased Planning and Permitting Contingency Cost
$ 45K Sewer Cleanout in Remote Areas
$ 33K Updating Engineering Standards
Meeting Challenges:
Implementation of the Comprehensive Plan
Pursuit of Infrastructure and Services Reinvestment
Management of Development
Service Level Adjustments
Municipal & Academic Operations
08/12/2015 Town Council Budget Workshop 28
Objectives: Attract, Recruit, Retain, & Develop the Highest Quality Workforce, Improve
Technology, Facilities & Equipment, Optimize Planning & Development Capabilities
Highlights:
$1.8M Municipal Building
$2.8M Fire Station Complex
$ 92K New Employees
$269K Staff Market Adjustments
$240K Maintain Current Staff
$ 70K WA Classroom Upgrades
$ 50K E. Dove Rd. to Vaquero Reconstruction & Drainage
Meeting Challenges:
Implementation of the Comprehensive Plan
Pursuit of Infrastructure and Services Reinvestment
Increase in WA Overall Enrollment and Opening of new School Buildings
Service Level Adjustments
People, Facilities, and Technology
08/12/2015 Town Council Budget Workshop 29
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08/12/2015 Town Council Budget Workshop 31
Proposed
FY 15-16 FY 16-17 FY 17-18 FY 18-19 FY 19-20 FY 20-21
General Fund $ 6,677,674 $ 6,814,892 $ 5,878,366 $ 5,209,350 $ 5,442,967 $ 4,583,951
Enterprise Funds 2,447,182 2,649,827 2,162,992 2,668,738 3,164,245 3,782,245
Internal Service Funds 749,280 837,966 1,105,606 1,200,248 1,593,894 1,969,209
Capital Project Funds 7,319,859 2,121,547 2,455,065 4,302,589 3,468,594 3,970,429
Special Revenue Funds 1,953,133 1,739,277 1,551,821 1,348,600 1,134,702 1,282,671
Debt Service Funds - - - - - -
Academic Funds 1,243,262 1,274,905 1,345,741 1,351,404 1,291,300 1,229,995
TOTAL ENDING
FUND BALANCE $20,390,391 $15,438,414 $14,499,591 $16,080,929 $16,095,702 $16,818,500
Section 10
$8.3M Revenues and Other Sources
•2.6% increase from FY14/15
$8.1M Expenditures and Other Uses
•2.1% decrease from FY14/15
$133K Net Change to Fund Balance
•154% increase from FY14/15
$6.7M Ending Fund Balance
•2.0% increase from FY14/15
08/12/2015 Town Council Budget Workshop 32
Section 3
$ 3.6M Revenues and Other Sources
•3.0% increase from FY14/15
$ 5.3M Expenditures and Other Uses
•9.0% increase from FY14/15
$(1.7)M Net Change to Fund Balance
•24% decrease from FY14/15
$ 2.5M Ending Fund Balance
•40% decrease from FY14/15
08/12/2015 Town Council Budget Workshop 33
Section 4
$656K Revenues and Other Sources
•40% decrease from FY14/15
$418K Expenditures and Other Uses
•86% decrease from FY14/15
$238K Net Change to Fund Balance
•137% increase from FY14/15
$749K Ending Fund Balance
•47% increase from FY14/15
08/12/2015 Town Council Budget Workshop 34
Section 5
$3.5M Revenues and Other Sources
•11% increase from FY14/15
$3.0M Expenditures and Other Uses
•11% increase from FY14/15
$431K Net Change to Fund Balance
•8% decrease from FY14/15
$2.0M Ending Fund Balance
•28% increase from FY14/15
•$1.2M PID $800K Visitor
08/12/2015 Town Council Budget Workshop 35
Section 7
$ 2.0M Revenues and Other Sources
•2% decrease from FY14/15
$ 2.0M Expenditures and Other Uses
•.01% decrease from FY14/15
$ (22)K Net Change to Fund Balance
•205% decrease from FY14/15
$ -0- Ending Fund Balance
•.01% decrease from FY14/15
08/12/2015 Town Council Budget Workshop 36
Section 8
$8.0M Revenues and Other Sources
•3% increase from FY14/15
$7.9M Expenditures and Other Uses
•4% increase from FY14/15
$ 89K Net Change to Fund Balance
•30% decrease from FY14/15
$1.2M Ending Fund Balance
•8% increase from FY14/15
08/12/2015 Town Council Budget Workshop 37
Section 9
08/12/2015 Town Council Budget Workshop 38
08/12/2015 Town Council Budget Workshop 39
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
$3.0
$3.5
$4.0
$4.5
$5.0
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Mi
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Base Sales Tax Economic Development Agreements
Audit Payments Presumed One-Time Payments
08/12/2015 Town Council Budget Workshop 40
08/12/2015 Town Council Budget Workshop 41
FY 10/11 FY 11/12 FY 12/13 FY 13/14 FY 14/15 FY 15/16
Actual Actual Actual Actual Estimated Proposed
Total
Appraised
Value
$1,040,676,349 $1,106,203,390 $1,224,659,971 $1,243,070,187 $1,272,169,255 $1,301,226,486
amount change $65,527,041 $118,456,581 $18,410,216 $29,099,068 $29,057,231
percent change 6.30% 10.71% 1.50% 2.34% 2.28%
Net
Taxable
Value
$850,963,378 $917,972,309 $862,968,337 $867,800,338 $901,648,714 $940,684,347
amount change 67,008,931 -55,003,972 4,832,001 33,848,376 39,035,633
percent change 7.87% -5.99% 0.56% 3.90% 4.33%
Total
Tax
Revenue
$1,257,246 $1,442,069 $1,366,542 $1,353,355 $1,426,249 $1,470,666
amount change 184,823 -75,527 -13,187 72,894 44,417
percent change 14.70% -5.24% -0.96% 5.39% 3.11%
Section 1 page 10
08/12/2015 Town Council Budget Workshop 42
FY 10/11
ACTUAL
FY 11/12
ACTUAL
FY 12/13
ACTUAL
FY 13/14
ACTUAL
FY 14/15
ESTIMATED
FY 15/16
PROPOSED
Net
Taxable
Value
$850,963,378 $917,972,309 $862,968,337 $867,800,338 $901,648,714 $940,684,347
amount change 67,008,931 -55,003,972 4,832,001 33,848,376 39,035,633
percent change 7.87% -5.99% 0.56% 3.90% 4.33%
Residential $451,789,354 $463,311,801 $471,409,028 $494,062,920 $530,229,036 $573,040,585
Commercial $354,361,708 $398,732,749 $294,559,502 $288,880,663 $288,318,142 $313,254,102
Personal Property $72,900,417 $86,462,635 $115,049,496 $115,051,251 $110,305,420 $88,007,021
08/12/2015 Town Council Budget Workshop 43
$1.00
$1.05
$1.10
$1.15
$1.20
$1.25
$1.30
$1.35
FY 10/11 FY 11/12 FY 12/13 FY 13/14 FY 14/15 FY 15/16
$1.04
$1.11
$1.22 $1.24
$1.27
$1.30
Bi
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i
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n
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Total Appraised Value
Section 1 page 10
Tax Rate is proposed to remain the same as FY14/15
08/12/2015 Town Council Budget Workshop 44
FY 14/15
Adopted
Tax Rate
FY 15/16
Proposed
Tax Rate
Change
Amount
M&O $ 0.13710 $ 0.13947 $ 0.00237
I&S $ 0.01924 $ 0.01687 $ (0.00237)
$ 0.15634 $ 0.15634 $ 0.00000
08/12/2015 Town Council Budget Workshop 46
Fiscal Year M&O I&S Actual
Rate Total
Effective
Tax Rate
FY 10 -11 0.15620 0.00390 0.16010
FY 11 -12 0.13835 0.01849 0.15684 0.17944
FY 12-13 0.14197 0.01487 0.15684 0.19326
FY 13-14 0.13888 0.01796 0.15684 0.16070
FY 14 -15 0.13710 0.01924 0.15634 0.15634
FY 15-16
Proposed 0.13947 0.01687 0.15634 0.15677
Section 1 page 10
08/12/2015 Town Council Budget Workshop 47
0.00
0.05
0.10
0.15
0.20
0.25
0.30
0.35
0.40
0.45
0.50
0.49000
0.46200 0.43719
0.37512
0.33244
0.29279
0.15634
2014 Ad Valorem Tax Comparison per $100
Trophy Club
Southlake
Keller
Roanoke
Grapevine
Haslet
Westlake
$10.2M Revenues and Other Sources
•409% increase from FY14/15
$ 4.7M Expenditures and Other Uses
•151% decrease from FY14/15
$ 5.5M Net Change to Fund Balance
•4441% decrease from FY14/15
$ 7.3M Ending Fund Balance
•294% increase from FY14/15
08/12/2015 Town Council Budget Workshop 48
Section 6
08/12/2015 Town Council Budget Workshop 49
FY 15/16
Proposed
Fire Station Complex (bonds) $ 2,815,000
Municipal Building (Cash) 1,800,000
Dove Rd Recon/Drain (Vaquero/TB) 100,000
Total Governmental Capital Projects 4,715,000
TRA Assumption of N-1 Sewer Line 96,435
Meter Reading & Equipment 77,000
Total Utility Fund Projects 173,435
TOTAL FUNDED CAPITAL PROJECTS $ 4,888,435
Section 10 page 111
08/12/2015 Town Council Budget Workshop 50
$0
$5
$10
$15
$20
FY 14/15 FY 15/16 FY 16/17 FY 17/18 FY 18/19 FY 18/19
$1.659
$4.888 $6.643
$1.341
$6.057
$3.023 $1.506
$15.323
Funded Unfunded
Section 10 page 110