HomeMy WebLinkAboutMunicipal Budget Presentation 09-11-17Proposed FY 2017/2018 Budget
$30.1M Revenues and Other Sources
$40.2M Expenditures and Other Uses
$-10.0M Net Decrease to Fund Balance
$27.8M Beginning Fund Balance
$17.7M Ending Fund Balance (All Funds)
09/11/2017 Town of Westlake Municipal Budget Presentation Slide 02
Revenues and Other Sources
Sales Tax……………………$4.9M
UF Revenues……………...$3.7M
Building Permits ……… $2.1M
Transfers In ……………….$4.8M
Academic………………… $8.6M
Expenditures and Other Uses
Payroll………………………..$ 4.2M
Operations…………………$11.9M
Capital and M&R………..$10.8M
Transfer Out……………….$ 4.8M
Academic……………………$ 8.3M
Net Decrease to Fund Balance
of $10M due primarily to Fire
Station construction.
F Y 16 / 17
ESTIMATED BUDGET
CHANGE AMOUNT
F Y 17 / 18
PROPOSED BUDGET
CHANGE AMOUNT
CHANGE TO
FUND BALANCE
Property Tax $ 9,000 $ (500)$ 8,500
Charge for Services 186,950 172,845 359,795
Franchise Fees 13,900 13,330 27,230
Permits and Fees Other 10,050 16,425 26,475
Permits and Fees Building 113,225 13,500 126,725
Permits and Fees Utility 13,500 -13,500
Investment Earnings 21,875 12,775 34,650
Contributions 2,102,285 -2,102,285
Miscellaneous Income 21,135 61,650 82,785
Other Sources (1,989,285)-(1,989,285)
REVENUES & OTHER SOURCES 502,635 290,025 792,660
Payroll and Related 74,460 81,685 156,145
Debt Service (10,778)1,379,958 1,369,180
Repair & Maintenance 1 , 715 1 , 715 3,430
Rent & Utilities 17,320 2,570 19,890
Services (76,560)(175,115)(251,675)
Supplies 2,060 -2,060
M&R Projects (162,990)-(162,990)
Capital Projects (238,250)-(238,250)
EXPENDITURES & OTHER USES (393,023)1,290,813 897,790
TOTAL CHANGE $ 895,658 $(1,000,788)$ (105,130)
09/11/2017 Town of Westlake Municipal Budget Presentation Slide 03
FY 2016-17 ESTIMATED
Net increase to fund balance of $895,658
•Revenues and other sources increased $502,635
o Additional revenues received for water revenue and permits and fees.
•Expenditures and other uses decreased $393,023.
o Reductions primarily in capital projects and maintenance & replacement projects.
FY 2017-18 PROPOSED
Net decrease to fund balance of $1,000,788
•Revenues and other sources increased $290,025
o Additional analysis performed by the Town’s Public Works Director.
•Expenditures and other uses increased $1,290,813
o Addition of Fort Worth Phase II waterline
o Addition of the 2007 Refunding Bond
o Addition of tax note debt service payments.
o Addition of Network Manager
TOTAL CHANGE TO FUND BALANCE FROM COUNCIL WORKSHOP
DECREASE OF $105,130
09/11/2017 Town of Westlake Municipal Budget Presentation Slide 04
IF ONLY MUNICIPAL OPERATING EXPENDITURES
were taken into consideration
(removal of all expenditures related to Capital Projects, Westlake Academy and Transfers)
the FY 17/18 proposed budget would show
AN INCREASE OF 7% = $1,076,875
compared to the FY 16/17 estimated budget
ESTIMATED
FY 16-17
PROPOSED
FY 17/18
Change
Amount
Change
Percent
Payroll & Related $ 3,768,792 $ 4,204,869 $ 436,077 12%
Operating Expenditures 11,321,711 11,962,509 640,798 6%
TOTAL $ 15,090,503 $ 16,167,378 $ 1,076,875 7%
09/11/2017 Town of Westlake Municipal Budget Presentation Slide 05
AMOUNT DESCRIPTION
$ 167K Market band adjustments
90K Addition -one full-time Public Works Project Manager
81K Addition -one full-time IT Network Manager
09/11/2017 Town of Westlake Municipal Budget Presentation Slide 06
PERSPECTIVE T O TA L
AMOUNT
ONE-TIME
AMOUNT
ON-GOING
AMOUNT
Citizens, Students &
Stakeholders $ 302,017 $ 54,580 $ 247,437
Financial Stewardship
(Increased Revenues)1,928,774 1,422,299 506,475
Municipal & Academic
Operations 330,718 83,660 247,058
People, Facilities, and
Technology 7,737,414 7,493,160 244,254
NET CHANGE
TO FUND BALANCE $ (6,441,375)$ (6,209,101)$ (232,274)
09/11/2017 Town of Westlake Municipal Budget Presentation Slide 07
ESTIMATED
FY 16-17
PROPOSED
FY 17-18 FY 18-19 FY 19-20 FY 20-21 FY 21-22
General Fund 9,614,347 8,173,598 6,661,957 5,077,307 4,227,330 3,624,876
Enterprise Funds 694,192 489,979 1,991,827 2,394,048 2,784,168 3,281,017
Internal Service Funds 610,402 397,667 118,267 95,367 (122,033)(202,133)
Special Revenue Funds 1,331,605 1,248,746 1,199,986 1,150,972 1,101,702 1,051,340
Debt Service Funds 6,289 -----
Capital Projects Funds 14,579,340 6,218,699 8,411,449 8,644,981 10,543,352 11,223,966
MUNICIPAL TOTAL 26,836,175 16,528,689 18,383,486 17,362,675 18,534,518 18,979,065
Academic Funds 997,046 1,258,947 1,363,969 1,363,789 1,422,846 1,373,641
TOTAL ENDING
FUND BALANCE $27,833,221 $17,787,636 $19,747,455 $18,726,464 $19,957,364 $20,352,706
09/11/2017 Town of Westlake Municipal Budget Presentation Slide 08
CAPITAL PROJECT TITLE FY 17/18
Proposed
Fire Station Complex $ 9,843,000
Outdoor Learning Center 175,000
Cemetery Improvements 100,000
FM1938/Dove Road Signalization 160,000
FM1938/Solana Road Signalization 10,000
TOTAL CAPITAL PROJECTS $ 10,288,000
09/11/2017 Town of Westlake Municipal Budget Presentation Slide 09
F Y 16 / 17
Adopted
F Y 17 / 18
Proposed
Change
Amount
M&O $ 0.12882 $ 0.11133 $ (0.01749)
I&S $ 0.00813 $ 0.02482 $ 0.01669
$ 0.13695 $ 0.13615 $ (0.00080)
09/11/2017 Town of Westlake Municipal Budget Presentation Slide 10
Q UESTIONS
09/11/2017 Town of Westlake Municipal Budget Presentation Slide 11