HomeMy WebLinkAboutAM adopting the proposed FY 2007/2008 budget Town of Westlake
Memo
To: Honorable Mayor and Members of the Board of Aldermen
From: Trent Petty, Town Manager
Subject: Regular Meeting of September 24, 2007
Date: September 19, 2007
ITEM
Consider a Resolution adopting the proposed FY 2007/2008 budget including final amendments
to the FY 2006/2007 budget for the Town of Westlake.
RECOMMENDATIONS
Staff recommends approval.
BACKGROUND
The Town staff has prepared the FY 2007/2008 and continues to expand services provided to
residents, without the need for a property tax. The start of construction for the Westlake
Performing Arts & Science Civic Center as well as the $2.5 M bond issue is incorporated into
this fiscal budget. The budget also anticipates the Dove Road Bridge expansion as well as the
Stagecoach Hills Street reconstruction.
The Utility Fund's proposed budget includes the on-going automation of water meters that will
allow real-time date collection/monitoring of water meters located within specific area of the
Town as well as the TRA/Southlake N1 Sewer Line Improvements which includes the design
and construction of a metering station with SCADA equipment at the proposed "point of entry",
video inspection, excavation to expose line for inspection, and manhole and sewer main repair
work.
The staff has also made a final review of all funds and proposed changes and adjustments per the
attached documents.