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Home My WebLink AboutOrdinance 991 Amending the Budget FY 23 executed LFOrdinance 991 Page 1 of 2 TOWN OF WESTLAKE ORDINANCE NO. 991 AN ORDINANCE OF THE TOWN COUNCIL OF THE TOWN OF WESTLAKE, TEXAS, AMENDING THE BUDGET FOR THE 2023 FISCAL YEAR APPROVED ON ORDINANCE 950; AMENDING THE BUDGET FOR THE 2024 FISCAL YEAR APPROVED ON ORDINANCE 979; PROVIDING FOR A SEVERABILITY CLAUSE; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, as required by Texas Local Government Code 102, the Town Council is required to adopt a municipal budget to cover the proposed expenditures of the municipal government for the succeeding year; and WHEREAS, the Town Council adopted budgets for both the 2023 and 2024 fiscal years; and WHEAS, the Town Council acknowledges that changes to the adopted municipal budgets are necessary to achieve specific directives from the Town Council, maintain the desired level of service to constituents, and reflect unexpected inflows and outflows of Town resources; and WHEREAS, the Town Council finds that the passage of this Ordinance is in the best interest of the citizens of Westlake. NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF WESTLAKE, TEXAS: SECTION 1: That, all matters stated in the Recitals hereinabove are found to be true and correct and are incorporated herein by reference as if copied in their entirety. SECTION 2: That the Town Council hereby amends the budget for the fiscal year beginning October 1, 2022, and ending September 30, 2023, as shown within Exhibit A. SECTION 3: That the Town Council does hereby amends the budget for the fiscal year beginning October 1, 2023, and ending September 30, 2024, as shown within Exhibit B. SECTION 4: If any portion of this Ordinance shall, for any reason, be declared invalid by any court of competent jurisdiction, such invalidity shall not affect the remaining provisions hereof and the Council hereby determines that it would have adopted this Ordinance without the invalid provision. SECTION 5: This Ordinance shall take effect immediately from and after its passage as the law in such case provides. PASSED AND APPROVED ON THIS 5TH DAY OF FEBRUARY, 2024. Ordinance 991 Page 2 of 2 _________________________________ ATTEST: Sean Kilbride, Mayor ____________________________ __________________________________ Amy Piukana, Town Secretary Wade Carroll, Town Manager APPROVED AS TO FORM: ____________________________ L. Stanton Lowry, Town Attorney Budget Amendment Fiscal Year 2023 Fund Adopted Budget Unaudited Actuals Proposed Amendment Amended Budget GENERAL FUND Revenues $10,694,198 $16,457,314 $6,760,045 $17,454,243 Sales Tax $4,638,709 $9,881,333 $5,516,000 $10,154,709 Property Tax $2,004,100 $2,191,823 $185,000 $2,189,100 Franchise & Other Tax $589,135 $940,337 $396,000 $985,135 Permits & Fees $2,431,278 $2,339,108 $0 $2,431,278 Fines & Forfeitures $503,585 $441,920 $0 $503,585 Interest Income $28,800 $657,414 $650,000 $678,800 Miscellaneous Income $431,366 $5,380 $13,045 $444,411 Transfers In $67,225 $0 $0 $67,225 Expenditures $15,736,919 $11,515,526 $698,000 $16,434,919 Council $2,000 $652 $0 $2,000 General Services $1,010,959 $1,100,128 $0 $1,010,959 Town Manager $517,890 $337,267 $0 $517,890 Planning & Development $765,138 $806,507 $70,000 $835,138 Town Secretary $121,170 $99,356 $0 $121,170 Fire $3,105,782 $2,782,811 -$32,000 $3,073,782 Municipal Court $600,389 $386,785 $0 $600,389 Public Works $683,076 $554,999 $0 $683,076 Facilities $316,291 $236,639 $0 $316,291 Finance $319,255 $412,809 $100,000 $419,255 Parks $413,437 $170,930 $0 $413,437 Information Technology $394,240 $313,460 $0 $394,240 Human Resources $137,990 $131,998 $0 $137,990 Communications $88,976 $107,732 $0 $88,976 Police $1,032,869 $1,240,621 $210,000 $1,242,869 Westlake Academy $2,343,891 $1,750,031 $0 $2,343,891 Transfers Out $3,883,566 $1,082,800 $350,000 $4,233,566 Increase/(Decrease) to FB -$5,042,721 $4,941,788 $6,062,045 $1,019,324 Budget Amendment Fiscal Year 2023 Fund Adopted Budget Unaudited Actuals Proposed Amendment Amended Budget 4B SALES TAX FUND Revenues $1,784,481 $3,342,458 $1,550,000 $3,334,481 Expenditures $1,622,790 $2,406,157 $0 $1,622,790 Increase/(Decrease) to FB $161,691 $936,301 $1,550,000 $1,711,691 ECONOMIC DEVELOPMENT FUND Revenues $616,535 $33,544 $0 $616,535 Expenditures $616,535 $0 $0 $616,535 Increase/(Decrease) to FB $0 $33,544 $0 $0 PUBLIC IMPROVEMENT DISTRICT FUND Revenues $0 $0 $0 $0 Expenditures $7,000 $70,165 $63,000 $70,000 Increase/(Decrease) to FB -$7,000 -$70,165 -$63,000 -$70,000 VISITORS ASSOCIATION FUND Revenues $701,275 $508,068 $59,000 $760,275 Expenditures $949,150 $599,531 $0 $949,150 Increase/(Decrease) to FB -$247,875 -$91,463 $59,000 -$188,875 CEMETERY FUND Revenues $14,925 $95,154 $81,000 $95,925 Expenditures $25,201 $9,125 $0 $25,201 Increase/(Decrease) to FB -$10,276 $86,030 $81,000 $70,724 SALES TAX-BACKED DEBT FUND Revenues $1,622,790 $2,374,132 $635,000 $2,257,790 Expenditures $1,622,790 $1,072,007 $0 $1,622,790 Increase/(Decrease) to FB $0 $1,302,125 $635,000 $635,000 Budget Amendment Fiscal Year 2023 Fund Adopted Budget Unaudited Actuals Proposed Amendment Amended Budget PROPERTY TAX-BACKED DEBT FUND Revenues $1,202,967 $1,299,795 $100,000 $1,302,967 Expenditures $1,235,655 $1,847,989 $61,634 $1,297,289 Increase/(Decrease) to FB -$32,688 -$548,194 $38,366 $5,678 MUNICIPAL CAPITAL PROJECTS FUND Revenues $1,015,100 $103,091 $98,000 $1,113,100 Expenditures $1,410,033 $159,043 $0 $1,410,033 Increase/(Decrease) to FB -$394,933 -$55,952 $98,000 -$296,933 WESTLAKE ACADEMY ARTS & SCIENCES FUND Revenues $260,000 $95,927 $85,000 $345,000 Expenditures $55,000 $71,188 $16,000 $71,000 Increase/(Decrease) to FB $205,000 $24,740 $69,000 $274,000 WESTLAKE ACADEMY EXPANSION FUND Revenues $480,000 $4,871,531 $5,214,968 $5,694,968 Expenditures $1,050,000 $5,128,753 $4,350,000 $5,400,000 Increase/(Decrease) to FB -$570,000 -$257,223 $864,968 $294,968 LONE STAR FUND Revenues $25 $474 $0 $25 Expenditures $0 $0 $0 $0 Increase/(Decrease) to FB $25 $474 $0 $25 UTILITY FUND Revenues $6,092,850 $8,045,594 $2,215,000 $8,307,850 Expenditures $6,826,417 $5,635,704 $0 $6,826,417 Increase/(Decrease) to FB -$733,567 $2,409,890 $2,215,000 $1,481,433 Budget Amendment Fiscal Year 2023 Fund Adopted Budget Unaudited Actuals Proposed Amendment Amended Budget UTILITY VEHICLE MAINTENANCE & REPAIR FUND Revenues $25 $3,175 $0 $25 Expenditures $0 $0 $0 $0 Increase/(Decrease) to FB $25 $3,175 $0 $25 UTILITY MAINTENANCE & REPAIR FUND Revenues $801,000 $12,044 $11,000 $812,000 Expenditures $586,000 $317,506 $0 $586,000 Increase/(Decrease) to FB $215,000 -$305,462 $11,000 $226,000 GENERAL MAINTENANCE & REPAIR FUND Revenues $1,183,466 $44,173 $45,000 $1,228,466 Expenditures $1,266,545 $523,259 -$145,000 $1,121,545 Increase/(Decrease) to FB -$83,079 -$479,086 $190,000 $106,921 GENERAL VEHICLE MAINTENANCE & REPAIR FUND Revenues $1,501,000 $64,803 $65,000 $1,566,000 Expenditures $212,000 $132,470 -$80,000 $132,000 Increase/(Decrease) to FB $1,289,000 -$67,667 $145,000 $1,434,000 TOTAL ALL FUNDS Revenues $27,970,637 $37,351,277 $16,919,013 $44,889,650 Expenditures $33,222,035 $29,488,422 $4,963,634 $38,185,669 Increase/(Decrease) to FB -$5,251,398 $7,862,854 $11,955,379 $6,703,981 Budget Amendment Fiscal Year 2024 Fund Adopted Budget Proposed Amendment Amended Budget GENERAL FUND Revenues $16,964,595 $0 $16,964,595 Sales Tax $6,825,000 $0 $6,825,000 Property Tax $2,250,171 $0 $2,250,171 Franchise & Other Tax $589,135 $0 $589,135 Permits & Fees $6,536,604 $0 $6,536,604 Fines & Forfeitures $502,985 $0 $502,985 Interest Income $253,800 $0 $253,800 Miscellaneous Income $6,900 $0 $6,900 Transfers In $0 $0 $0 Expenditures $12,969,411 $32,000 $13,001,411 Council $34,255 $0 $34,255 General Services $1,080,707 $0 $1,080,707 Town Manager $434,803 $0 $434,803 Planning & Development $713,471 $0 $713,471 Town Secretary $112,144 $0 $112,144 Fire $2,963,591 $32,000 $2,995,591 Municipal Court $478,689 $0 $478,689 Public Works $641,342 $0 $641,342 Facilities $211,700 $0 $211,700 Finance $331,093 $0 $331,093 Parks $384,400 $0 $384,400 Information Technology $365,333 $0 $365,333 Human Resources $165,923 $0 $165,923 Communications $107,823 $0 $107,823 Police $1,208,278 $0 $1,208,278 Westlake Academy $3,245,859 $0 $3,245,859 Transfers Out $490,000 $0 $490,000 Increase/(Decrease) to FB $3,995,184 -$32,000 $3,963,184 Budget Amendment Fiscal Year 2024 Fund Adopted Budget Proposed Amendment Amended Budget GENERAL MAINTENANCE & REPAIR FUND Revenues $20,000 $0 $20,000 Expenditures $382,500 $145,000 $527,500 Increase/(Decrease) to FB -$362,500 -$145,000 -$507,500 GENERAL VEHICLE MAINTENANCE & REPAIR FUND Revenues $30,000 $0 $30,000 Expenditures $0 $180,000 $180,000 Increase/(Decrease) to FB $30,000 -$180,000 -$150,000