HomeMy WebLinkAboutPresentation Municipal Budget Workshop 08-15-18SECTION I
Introduction
08/15/2018 Town of Westlake Municipal Budget Workshop SLIDE 2
1.Financial plan
2.Business plan/service level setting
3.VVM implementation tool
4.Reflects the council’s financial policies
5.Provides council/governmental direction
6.Sets our Value Proposition
08/15/2018 Town of Westlake Municipal Budget Workshop
A BUDGET HAS A MULTI-FACETED PURPOSE:
SLIDE 3
Excellent Municipal Services
•Responsive and Accessible
•Conservative Financials
•Measured Staff Growth
•High Ratings on Satisfaction Survey
•Distinctive Community
Excellent Academic Services
•Top notch educators
•Highly ranked school
•Exceptional IB results
All at an
exceptional
value!
08/15/2018 Town of Westlake Municipal Budget Workshop SLIDE 4
1.Better position for our financial forecasts
–Fund Balance declining (as shown at retreat)
–Volatility remains in Sales & Use revenue
–Adherence to Financial policies of Town Council
–Future positioning of bond issuance for CIP
2.Service delivery demands
–Expansion of residential/academic/commercial
3.Continue to meet Westlake’s expected level of service
4.Proposed legislative changes to Ad Valorem rate cap
FROM THE GOVERNANCE PERSPECTIVE:
08/15/2018 Town of Westlake Municipal Budget Workshop SLIDE 5
1.Maintain the expected level of quality for community
2.Manage development design and implementation
3.Responsive service delivery
4.Support academic successes of the Academy
5.Invest in infrastructure and public safety
FROM THE RESIDENTIAL PERSPECTIVE:
08/15/2018 Town of Westlake Municipal Budget Workshop SLIDE 6
1.Visionary
2.Distinctive community
3.Open spaces
4.Corporate campuses
NOT JUST EXCELLENT SERVICES…
Great financial value
for benefits received!
08/15/2018 Town of Westlake Municipal Budget Workshop SLIDE 7
SECTION II
Property Tax
Overview
08/15/2018 Town of Westlake Municipal Budget Workshop SLIDE 8
An increase of $0.01985
The FY2018-19
Proposed rate is
08/15/2018 Town of Westlake Municipal Budget Workshop
Current Tax Rate is $0.13615
$0.15600
SLIDE 9
FY 17/18
Adopted
FY 18/19
Proposed
Change
Amount
Operations
(M&O rate)$ 0.11133 $ 0.13201 $ 0.00268
Debt
(I&S rate)0.02482 0.02399 $(0.00083)
$ 0.13615 $ 0.15600 $ 0.01985
08/15/2018 Town of Westlake Municipal Budget Workshop SLIDE 10
08/15/2018 Town of Westlake Municipal Budget Workshop
$0.16010
$0.15684 $0.15684 $0.15634 $0.15634 $0.15634
$0.13695 $0.13615
$0.15600
2011
actual
2012
actual
2013
actual
2014
actual
2015
actual
2016
actual
2017
actual
2018
actual
2019
proposed
Property Tax Rate per $100 Assessed Valuation
$1.124B $1.207B $1.275B$796M $937M $856M $889M $920M $943M Assessed
Value
Effective Rates from 2011 to 2018
SLIDE 11
08/15/2018 Town of Westlake Municipal Budget Workshop
$1.257
$1.442 $1.367 $1.353 $1.433 $1.479
$1.578 $1.585
$1.865
FY 10/11 FY 11/12 FY 12/13 FY 13/14 FY 14/15 FY 15/16 FY 16/17 FY 17/18
estimated
FY 18/19
proposed
Based on Effective Rates from 2011 to 2018
Shown in millions
SLIDE 12
0.15600
0.18556 0.19665 0.20028 0.20441
FY18/19
Proposed
FY 19-20
projected
FY 20-21
projected
FY 21-22
projected
FY 22-23
projected
$210K
08/15/2018 Town of Westlake Municipal Budget Workshop
Property Tax Rate per $100 Assessed Valuation
$279K $100K $233K $257K
Under Rollback Cap Max 2.5%
SLIDE 13
Source: www.tad.org
08/15/2018 Town of Westlake Municipal Budget Workshop
0.46200 0.45140 0.42750
0.37510
0.29030 0.28930
0.15600
Southlake Trophy Club Keller Roanoke Haslet Grapevine Westlake
SLIDE 14
Town of
Westlake
5%
I.S.D.
65%County
12%
Other
18%
08/15/2018 Town of Westlake Municipal Budget Workshop SLIDE 15
08/15/2018 Town of Westlake Municipal Budget Workshop
Variance
Is $959
$1.25M home in
Highland Park
including
homestead
Exemption
Rate .22000
Tax bill is
$2,200
$311K home in
Keller, Texas
including
homestead
Exemption
Rate .46200
Tax bill is
$1,225
$1.4M home in
Westlake
including
homestead
Exemption
Rate .15600
Tax bill is
$2,184
Variance
I s $ 16
SLIDE 16
Starbucks is $6 x 365 days = $2,190
08/15/2018 Town of Westlake Municipal Budget Workshop
$1.4M Home
Equals Average
Property Tax Bill
of $2,184
That’s $5.98
a day!
SLIDE 17
08/15/2018 Town of Westlake Municipal Budget Workshop SLIDE 17
Rates Tax Levy
Proposed FY18/19 rate .15600 $2184
FY 17/18 Adopted Rate .13615 $1906
Increase Amount .01985 $278
or $.76 cents a day
That equates to $23 a month
SECTION III
Sales and Use Tax
Overview
08/15/2018 Town of Westlake Municipal Budget Workshop SLIDE 18
$2.27 $2.37
$2.74 $2.78
$3.58 $3.70 $3.86 $4.04 $4.16 $4.40 $4.40
$0.40
$0.60
$1.34
$0.44
$0.44 $0.17
$0.22
$0.25 $0.27
$0.38
$0.00
$0.89 $0.07
$0.15
$0.13
$0.03 $0.34 $0.18
$0.03
$0.02
$0.00
$0.10
$0.75
$0.38
$0.30
$0.33
$0.52 $0.67 $0.33 $0.19
$0.15 $1.20
$0
$1
$2
$3
$4
$5
$6
FY 08-09 FY 09-10 FY 10-11 FY 11-12 FY 12-13 FY 13-14 FY 14-15 FY 15/16 FY 16/17 FY 17/18
estimated
FY 18/19
proposed
Shown in millions
10 Year Comparison –Amount Received by Type
08/15/2018 Town of Westlake Municipal Budget Workshop SLIDE 19
Fiscal
Year
Base
Sales
Tax
Economic
Development
Agreements
Audit
Payments
One-time
Payments Total %
Change
1 FY 2006 $2,399,515 $401,044 $46,773 $774,081 $3,621,413 N/A
2 FY 2007 $2,602,027 $28,515 $299,799 $-$2,930,342 -3%
3 FY 2008 $2,588,342 $910,820 $91,412 $-$3,590,574 5%
4 FY 2009 $2,272,942 $402,966 $887,159 $101,342 $3,664,409 13%
5 FY 2010 $2,373,187 $597,904 $72,531 $746,910 $3,790,533 -1%
6 FY 2011 $2,741,594 $1,342,632 $147,423 $377,976 $4,609,625 28%
7 FY 2012 $2,783,965 $439,682 $134,142 $299,484 $3,657,274 -14%
8 FY 2013 $3,577,881 $439,302 $28,245 $329,968 $4,375,397 7%
9 FY 2014 $3,698,922 $166,846 $340,182 $519,894 $4,725,844 10%
10 FY 2015 $3,856,553 $220,424 $181,421 $667,000 $4,925,398 3%
11 FY 2016 $4,042,782 $247,951 $(8,210)$327,000 $4,609,523 -9%
12 FY 2017 $4,164,813 $268,794 $32,137 $185,000 $4,650,744 4%
13 FY 2018 Estimated $4,403,501 $378,231 $15,268 $153,000 $4,950,000 6%
14 FY 2019 Proposed $4,400,000 $0 $0 $1,200,000 $5,600,000 13%
Total Received by Year
08/15/2018 Town of Westlake Municipal Budget Workshop SLIDE 20
08/15/2018 Town of Westlake Municipal Budget Workshop
Westlake and Sample Cities
Westlake
22 Sample Cities
SLIDE 21
9%7%
-4%
2%
6%4%
9%
8%
10%
6%
2%
-3%
5%
13%
-1%
28%
-14%
7%
10%
3%
-9%
4%7%
13%
-20%
-15%
-10%
-5%
0%
5%
10%
15%
20%
25%
30%
FY
2007
FY
2008
FY
2009
FY
2010
FY
2011
FY
2012
FY
2013
FY
2014
FY
2015
FY
2016
FY
2017
FY
2018
FY
2019
SECTION IV
General Fund
Overview
08/15/2018 Town of Westlake Municipal Budget Workshop SLIDE 22
Proposed Budget FY 18/19 (compared to FY17/18 Estimated)
08/15/2018 Town of Westlake Municipal Budget Workshop
$12.121M Revenues and Other Sources
31% increase of $2.854M
$12.127M Expenditures and Other Uses
16% increase of $1.675M
$-5.9K Net Change to Fund Balance
$9.058M Ending Fund Balance
Revenues
$389k Sales Tax
$258K Property Tax
$2.2M Permits
Expenses
$287K Payroll
$168K Operations
$1.2M Transfers Out
341 Operating Days
Based on
Current Conditions
with .15600
Property Tax Rate
SLIDE 23
08/15/2018 Town of Westlake Municipal Budget Workshop
ESTIMATED PROPOSED Under Rollback Cap Max 2.5%
FY 17-18 FY 18-19 FY 19-20 FY 20-21 FY 21-22 FY 22-23
Revenues and Other Sources $ 9,267,008 $ 12,121,229 $ 9,747,644 $ 10,071,293 $ 10,492,910 $ 10,798,238
Expenditures and Other Uses (10,451,246)(12,127,181)(11,025,910)(11,002,409)(10,987,597)(11,155,506)
NET CHANGE TO FUND BALANCE (1,184,238)(5,952)(1,278,266)(931,116)(494,687)(357,268)
Beginning Fund Balance 10,242,277 9,058,039 9,052,088 7,773,822 6,842,706 6,348,019
Ending Fund Balance 9,058,039 9,052,088 7,773,822 6,842,706 6,348,019 5,990,751
Restricted/Committed/Assigned 304,505 304,505 304,505 304,505 304,505 304,505
Unassigned Ending Balance $ 8,753,534 $ 8,747,583 $ 7,469,317 $ 6,538,201 $ 6,043,514 $ 5,686,246
Operating Expenditures 9,087,535 9,374,766 9,765,082 9,850,581 9,983,206 10,151,115
Operating Cost per Day 24,897 25,684 26,754 26,988 27,351 27,811
Operating Days 352 341 279 242 221 204
Current Conditions with .15600 Property Tax Rate
SLIDE 24
08/15/2018 Town of Westlake Municipal Budget Workshop
Sales &
Use Tax
32%
Development
Permits & Fees
38%
Property
Tax
13%
Franchise Fees
Court Fines
& All Other
17%
SLIDE 25
08/15/2018 Town of Westlake Municipal Budget Workshop
10%
Rent,
WA,
Etc 7%
P&D
16%
TM, TS,
Facilities,
Finance, IT,
HR, Comm
19%
Fire/EMS
Services
9%
Court,
Public
Works,
Parks/Rec
8%
Police
Services
31%
Transfers Out to
Conduit Funds
Debt, GMR, VMR, CIP
SLIDE 26
352 341
279 242 221 204
FY 17/18
Estimated
FY 18/19
Proposed
FY 19/20
projected
FY 20/21
projected
FY 21/22
projected
FY 22/23
projected
08/15/2018 Town of Westlake Municipal Budget Workshop
Current Conditions with .15600 Property Tax Rate
SLIDE 27
08/15/2018 Town of Westlake Municipal Budget Workshop
ACCT DESCRIPTION SLA AMOUNT ONE TIME ON-GOING
SALES TAX REVENUE 1,050,000 1,050,000 -
PROPERTY TAX REVENUES 279,848 -279,848
BUILDING PERMIT REVENUES 2,127,673 2,127,673 -
TOTAL REVENUES 3,457,521 3,177,673 279,848
Office Rent GF portion 227,945 -227,945
Water Service -Fire Station 5,050 -5,050
Electric Service -Fire Station 5,570 -5,570
Gas Service -Fire Station 5,288 -5,288
Contracted Services Fire Dept 35,000 35,000 -
Janitorial Service -Fire Station 5,000 -5,000
Landscape -Fire Station 13,000 -13,000
Court Software 25,000 25,000 -
Salt and Sand Spreader 5,000 5,000 -
ALL OTHER CHANGES 326,853 65,000 261,853
ACCT DESCRIPTION
SLA
AMOUNT
ONE
TIME ON-GOING
Market Adjustment 191,314 -191,314
Maintain Current (insurance)31,225 -31,225
Facilities Clerk to Full Time 26,296 -26,296
Court Judge (acct for full wages in 2019)18,743 -18,743
Mgmt Intern (acct for full wages in 2019)9,024 -9,024
PW Project Mgr OC Pay & Phone Allowance 4,511 -4,511
PW Technician OC Pay & Phone Allowance 4,346 -4,346
Building Official Car Allowance 1,444 -1,444
Public Works Director Car Allowance 1,221 -1,221
Assistant Town Manager Car Allowance 1,216 -1,216
Town Secretary Phone Allowance 1,155 -1,155
Facilities/Parks Director Car Allowance 611 -611
Performance Pay 50,000 50,000 -
Accountant Replacement/Training 11,439 11,439 -
Payroll Transfers IN from UF & VA (66,249) -(66,249)
Replace FT Marshal with two PT (66,356)(66,356)
TOTAL PAYROLL & RELATED 219,940 61,439 158,501
Net One Time $3,051,234
Net On-Going ($140,506)
Net Total $2,910,728
SLIDE 28
SECTION IVa
General Fund
Operating Day
Analysis
08/15/2018 Town of Westlake Municipal Budget Workshop SLIDE 29
Plano Farmers Branch
McKinney Southlake
Frisco Colleyville
Richardson University Park
Lewisville Bellaire
Flower Mound Addison
Euless Trophy Club
Grapevine Highland Park
Bedford Fairview
Keller Roanoke
Hurst Westlake Hills
08/15/2018 Town of Westlake Municipal Budget Workshop SLIDE 30
175, 8,235
40, 286,047
y = -400.88x + 97336
R² = 0.0538
-
50,000
100,000
150,000
200,000
250,000
300,000
350,000
0 20 40 60 80 100 120 140 160 180 200Population
Actual Days
08/15/2018 Town of Westlake Municipal Budget Workshop
Includes all 22 Sample Cities
Westlake
not included
In this graph
Plano
Westlake
Hills
SLIDE 31
73, 69,966
175, 8,235
y = -214.41x + 49496
R² = 0.1853
-
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
0 20 40 60 80 100 120 140 160 180 200Population
Operating Days
08/15/2018 Town of Westlake Municipal Budget Workshop
Population of 80K or less
Westlake
not included
In this graph
Westlake
Hills
SLIDE 32
Flower Mound
59, 32,211
93, 28,361
119, 26,152
70, 24,905
64, 16,855
128, 15,363
145, 12,166
62, 8,916 175, 8,235
60, 7,804
168, 3,309
y = -95.041x + 26634
R² = 0.1936
-
5,000
10,000
15,000
20,000
25,000
30,000
35,000
0 20 40 60 80 100 120 140 160 180 200Population
Operating Days
08/15/2018 Town of Westlake Municipal Budget Workshop
Comparable Peer Cities
Westlake
Hills
SLIDE 33
Model
Predicted
Operating
Days
Comparable 269
Medium 226
Large 240
Town Staff
recommends
245
Operating
Days
08/15/2018 Town of Westlake Municipal Budget Workshop SLIDE 34
08/15/2018 Town of Westlake Municipal Budget Workshop
SECTION V
All Funds Overview
Of the Budget
SLIDE 35
Estimated FY17/18 Budget vs Proposed FY18/19 Budget
$30.8M Revenues and Other Sources
$28.5M Expenditures and Other Uses
$2.2M Net Change to Fund Balance
$22.3 Ending Fund Balance (All Funds)
08/15/2018 Town of Westlake Municipal Budget Workshop
Based on Current Conditions with .15600 Property Tax Rate
Revenues
$650k Sales Tax
$279K Property Tax
$2.2M Permits
$(507K) Contributions
$5.9M Other Sources
Expenses
$287K Payroll
$849K Debt
$(2.7M) Capital
SLIDE 36
08/15/2018 Town of Westlake Municipal Budget Workshop
Beginning
Fund
Balance
Revenues
& Other
Sources
Expenditures
& Other Uses
Ending
Fund
Balance
Net
Change
to Fund
Balance
Change
Percent
Percent
of Total
General Fund 9,058,039 12,121,229 12,127,181 9,052,088 (5,952)0%41%
Enterprise Funds 867,621 6,839,466 5,189,095 2,517,992 1,650,371 190%11%
Internal Service M&R 1,432,859 1,501,530 1,019,450 1,914,939 482,080 34%9%
Special Revenue Funds 1,146,794 2,835,395 2,866,181 1,116,007 (30,786)-3%5%
Debt Service Funds 0 2,693,600 2,693,600 0 -0%0%
Captial Projects Funds 7,538,051 4,471,493 4,676,681 7,332,863 (205,188)-3%33%
Municipal Total 20,043,364 30,462,713 28,572,188 21,933,890 1,890,526 9%100%
Current Conditions with .15600 Property Tax Rate
SLIDE 37
08/15/2018 Town of Westlake Municipal Budget Workshop
Current Conditions with .15600 Property Tax Rate
ESTIMATED PROPOSED 1 2 3 4
FY 17-18 FY 18-19 FY 19-20 FY 20-21 FY 21-22 FY 22-23
General Fund 9,058,039 9,052,088 7,773,822 6,842,706 6,348,019 5,990,751
Enterprise Funds 867,621 2,517,992 3,190,532 3,992,736 4,825,980 5,692,670
Internal Service M&R 1,432,859 1,914,939 2,848,978 3,376,765 3,929,430 3,542,095
Special Revenue Funds 1,146,794 1,116,007 1,490,939 2,552,763 3,837,999 5,155,176
Debt Service Funds 0 0 0 0 0 0
Capital Projects Funds 7,538,051 7,332,863 5,855,349 6,165,665 6,431,166 6,696,667
Municipal Total 20,043,364 21,933,890 21,159,621 22,930,634 25,372,595 27,077,360
SLIDE 38
I F O NLY M UNICIPAL O PERATING E XPENDITURES
were taken into consideration
(removal of all expenditures related to Capital Projects and Transfers Out)
the FY 18/19 proposed budget would show
A N I NCREASE OF 8% = $1,306,734
compared to the FY 17/18 estimated budget
Estimated
Budget
FY 17/18
Proposed
Budget
FY 18/19
Change
Amount
Change
Percent
Total Payroll & Related $ 4,208,369 $ 4,495,731 $ 287,362 7%
Operating Expenditures 11,930,283 12,949,655 $ 1,019,372 9%
TOTAL $ 16,138,652 $ 17,445,386 $ 1,306,734 8%
08/15/2018 Town of Westlake Municipal Budget Workshop SLIDE 39
SECTION VI
Service Level
Adjustments
08/15/2018 Town of Westlake Municipal Budget Workshop SLIDE 40
08/15/2018 Town of Westlake Municipal Budget Workshop
Refer to Section 2 Page 11 “All Funds Overview” for More Detail
TOTAL ONE-TIME ON-GOING
Sales & Use Tax $1,050,000 $1,050,000 $0
Property Tax $279,848 $0 $279,848
Building Permits & Fees $2,127,673 $2,127,673 $0
Permit Fees Utility $99,326 $0 $99,326
Other Sources $5,987,134 $5,987,134 $0
TOTAL $9,543,981 $9,164,807
96%
$379,174
4%
Base Budget vs Proposed FY17/18 Budget
SLIDE 41
08/15/2018 Town of Westlake Municipal Budget Workshop
Refer to Section 2 Page 11 “All Funds Overview” for More Detail
TOTAL ONE-TIME ON-GOING
Payroll And Related $219,940 $61,439 $158,501
Operating Expenditures $1,588,183 $1,103,780 $484,403
Capital Projects $2,949,526 $2,891,051 $58,475
TOTAL $4,757,649 $4,056,270
85%
$701,379
15%
Base Budget vs Proposed FY17/18 Budget
SLIDE 42
08/15/2018 Town of Westlake Municipal Budget Workshop
TOTAL
SLA
ONE
TIME
ON
GOING
Payroll Transfer Out to GF 30,115 -30,115
ED -Schwab Sales Tax 200,000 200,000
Office Rent VA portion 48,845 -48,845
Marketing & Promotions 32,500 32,500
SPECIAL REVENUE FUNDS 311,460 232,500 78,960
TOTAL
SLA
ONE
TIME
ON
GOING Fund
PW-Ground Storage Tank 80,000 80,000 -410.16
PW-Pump Station Equipment 80,000 80,000 -510.16
Town -Irrigation R&M 5,000 -5,000 600.26
WA -15 Ton Split HVAC System 7,500 -7,500 600.17
Town -HVAC System R&M 5,000 -5,000 600.26
IT-Servers & Network Storage 25,000 25,000 -600.20
IT-Network Equipment 115,000 115,000 -600.20
IT-Server Replacements 15,000 15,000 -600.20
WA -Parking Lot R&M 25,000 25,000 -600.17
WA -Playground Equipment 5,000 5,000 -600.17
IT-Phone System/Peripheal
Devices 60,000 60,000 -600.20
WA -Plumbing R&M 6,225 -6,225 600.17
WA -Carpet Flooring 10,000 10,000 .600.17
WA -Lights R&M 7,250 -7,250 600.17
WA -Refurbish Classrooms 9,000 9,000 -600.17
WA -Interior Building R&M 9,500 -9,500 600.17
Town -Light R&M 10,000 -10,000 600.26
Town -Two Man Lift 25,000 25,000 -600.17
WA -Interior Building 8,000 -8,000 600.17
FD-Ambulance M&R 260,000 260,000 -605.14
INTERNAL SERVICE FUNDS 767,475 709,000 58,475
SLIDE 43
SECTION VIII
Capital Projects
Overview
08/15/2018 Town of Westlake Municipal Budget Workshop SLIDE 44
08/15/2018 Town of Westlake Municipal Budget Workshop
$4.8M Revenues and Other Sources
292% increase of $3.6M
$4.6M Expenditures and Other Uses
41% decrease of $3.3M
$194K Net Change to Fund Balance
$7.7M Ending Fund Balance
Proposed Budget FY 17/18 (compared to FY16/17 Estimated)
INLCUDES
•Fund 405 Fire Station
•Fund 412 Academy Expansion
•Fund 410 Capital Projects
Revenues
$441K Transfers In
$3.3M Bonds
Expenses
$3.2M Capital Projects
SLIDE 45
08/15/2018 Town of Westlake Municipal Budget Workshop
Project Description
Totals FY 17-18 FY 18-19 FY 19-20 PROJECT
thru Estimated Proposed Projected GRAND
FY 16/17 Budget Budget Budget TOTAL
FM1938 Town Improvements 3,035,361 50,000 220,000 -3,305,361
Roanoke Road Reconstruction & Drainage South 2,900 --480,180 483,080
Sam School Road Reconstruction & Drainage --281,960 -281,960
FM 1938 & Dove Road Traffic Signal (Cash)277,730 160,000 --464,119 FM 1938 & Dove Road Traffic Signal (Contribution)26,389 ---
FM 1938 and Solana Traffic Signalization 294,703 10,000 --304,703
Flashing Crosswalk -Dove/Pearson & Dove/Ottinger --80,000 -80,000
Solana Pavement Repairs --90,000 -90,000
Wyck Hill Pavement Resurface --54,450 -54,450
FM1938 Pavement Repairs --80,000 -80,000
Fire Station Complex 2,737,121 7,339,673 2,399,630 -12,476,424
WA Outdoor Learning Space 129,808 175,000 -123,595 428,403
WA Pond Repairs --82,000 -82,000
Trail Connection at Hwy 114 & Solana Blvd.--30,000 -30,000
Wayfinding Signage --229,500 -229,500
Cemetery Improvements -100,000 50,000 -150,000
Trail -Academy to Cemetery ---300,949 1,284,903 Ottinger Road Recon/Drainage ---983,954
Trail -Dove/Pearson/Aspen --290,016 -694,141 Pearson Lane Recon/Drainage --404,125 -
NEW PROJECT Fiber Connectivity Project --300,000 -300,000
Total $ 6,504,012 $ 7,834,673 $ 4,591,681 $ 1,888,678 $ 20,819,044
SLIDE 46
08/15/2018 Town of Westlake Municipal Budget Workshop
SLA AMOUNT ONE TIME ON-GOING
BOND PROCEEDS 3,387,134 3,387,134 -
Sam School Road R&D (281,960)(281,960)-
Pearson Lane R&D (404,125)(404,125)-
Flashing Crosswalk Lights (80,000)(80,000)-
Solana Pavement Repair (90,000)(90,000)-
Wyck Hill Pavement Resurface (54,450)(54,450)-
FM1938 Pavement Repairs (80,000)(80,000)-
WA -Pond Repairs (82,000)(82,000)-
FM1938 Town Improvements (170,000)(170,000)
Trail Connection at 114/Solana (30,000)(30,000)-
Trail -Dove/Pearson/Aspen (290,016)(290,016)-
Wayfinding Signage (229,500)(229,500)-
IT-Fiber Connectivity (300,000)(300,000)-
Consultant Fees (85,000)(85,000)-
CAPITAL PROJECTS 1,210,083 1,210,083 -
SLIDE 47
Project Description
Totals FY 17-18 FY 18-19 FY 19-20 FY 20-21 FY 21-22 FY 22-23 PROJECT
Thru Estimated Proposed Projected Projected Projected Projected GRAND
FY 16-17 Budget Budget Budget Budget Budget Budget TOTAL
SH114 and Schwab Way Traffic Signal Upgrade ---257,500 ---257,500
Hwy 170 and 377 Traffic Signal Upgrade ---265,000 ---265,000
Dove Road & Randol Mill Traffic Circle ----674,238 892,427 -1,566,665
Hwy 170 and Roanoke Traffic Signal Upgrade ---15,000 257,500 --272,500
GW Farms TeleCom Ductbank (PUSH OUT TO 2020)---806,400 ---806,400
SH 114/170 Enhancements 239,433 ----830,592 -1,070,025
Sub-Total -Road/Street Improvements 239,433 --1,343,900 931,738 1,723,019 -4,238,090
Hwy 377 Landscape Improvements (Phase I and II)---411,100 436,000 --847,100
Trail -Fidelity Campus to WL Parkway at Hwy 114 ---330,338 ---330,338
Westlake Academy Pedestrian Underpass -----741,600 -741,600
Cemetery Improvements ----73,609 77,904 -151,513
15-30 Acre Community Park ----8,623,423 183,706 -8,807,129
Sub-Total -Trail/Park/Cemetery Improvements ---741,438 9,133,032 1,003,210 -10,877,680
TOTAL UNFUNDED (UNDER DISCUSSION)$239,433 $-$-$2,085,338 $10,064,770 $2,726,229 $-$15,115,770
08/15/2018 Town of Westlake Municipal Budget Workshop SLIDE 48
SECTION VII
Utility Fund
Overview
08/15/2018 Town of Westlake Municipal Budget Workshop SLIDE 49
08/15/2018 Town of Westlake Municipal Budget Workshop SLIDE 50
Estimated FY 17/18
Utility Fund Revenues are estimated over
perform by approximately 13%.
Proposed FY 18/19
Utility Fund Revenues are projected to
under perform by approximately 7%.
08/15/2018 Town of Westlake Municipal Budget Workshop
TOTAL SLA ONE TIME ON GOING
BOND PROCEEDS TWDB 2,600,000 2,600,000 -
DUCT BANK LEASE REVENUES 9,426 -9,426
DUCT BANK PERMIT FEE REVENUES 89,900 -89,900
DS Fort Worth Water (811,280)(811,280)-
DS Texas Water Dev Board (36,056)-(36,056)
Payroll Transfer Out to GF (37,168)-(37,168)
Office Rent UF portion (48,845)-(48,845)
UTILITY FUND 1,765,977 1,788,720 (22,743)
SLIDE 54
Estimated FY 17/18 Fund Balance 664,038
Projected FY 18/19 Fund Balance $2,305,174
One-time and On-going
•Current rate study was updated during
FY18/19 budget preparation. Will conduct
rate study in FY2019 concurrent with budget
preparation
08/15/2018 Town of Westlake Municipal Budget Workshop SLIDE 53
•Staff recommends maintaining existing rates
for the remainder of CY 2018 and CY 2019.
08/15/2018 Town of Westlake Municipal Budget Workshop
COUNCIL
DIRECTION
SLIDE 55