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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.