HomeMy WebLinkAboutOrdinance 1005 Adopted and Approved FY 24 25 BudgetAnnual Operating Budget
2024-2025
TOWN OF WESTLAKE
FISCAL YEAR 2024 – 2025
ANNUAL BUDGET
This budget will raise LESS revenue from property taxes than last year’s budget by an amount
of $71,760, which is a 1.73 percent DECREASE from last year’s budget. The property tax
revenue to be raised from new property added to the tax roll this year is $117,324.
The members of the governing body voted on the budget as follows:
FOR: Tammy Reeves, Anna White, Mike Asselta (remote), Todd Gautier
AGAINST: None
PRESENT and not voting: None
ABSENT: None
PROPERTY TAX RATE COMPARISON
2024-2025 2023-2024
Property Tax Rate $0.16788 $0.16788
No New Revenue Tax Rate $0.188515 $0.156032
No New Revenue Maintenance & Operations Tax Rate $0.102907 $0.097755
Voter Approval Tax Rate $0.210692 $0.187860
Debt Rate $0.050000 $0.076710
The total debt obligation for the Town of Westlake secured by property taxes: $46,018,000.
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TABLE OF CONTENTS
OPERATING BUDGET FY 2025
I INTRODUCTION & OVERVIEW
Transmittal Letter ............................................................................................................................. 4
Town of Westlake Overview .......................................................................................................... 14
City Council & Boards ..................................................................................................................... 19
Organizational Chart ...................................................................................................................... 20
Mission Vision Values .................................................................................................................... 21
II FINANCIAL STRUCTURE
Budget Overview ............................................................................................................................ 22
Budget Calendar ............................................................................................................................. 28
Personnel ........................................................................................................................................ 29
Types of Revenues & Expenditures ................................................................................................ 32
III FINANCIAL SUMMARIES
All Funds Overview & Highlights ................................................................................................... 34
General Fund ................................................................................................................................. 36
4B Economic Development Fund 200 ........................................................................................... 38
Economic Development Fund 210 ................................................................................................ 40
Local Public Improvement District (PID) Fund 215 ........................................................................ 42
Visitors Association Fund 220 ........................................................................................................ 44
Cemetery Fund 255 ....................................................................................................................... 46
Debt Service Fund 300 ................................................................................................................... 48
Debt Service Fund 301 ................................................................................................................... 50
Capital Project Fund 410 ............................................................................................................... 52
Westlake Academy Arts & Sciences Center Fund 411 .................................................................. 54
Westlake Academy Expansion Fund 412 ....................................................................................... 56
Lone Star Public Fund 418 ............................................................................................................. 58
Utility Fund 500 ............................................................................................................................. 60
Utility Debt Service Fund 501 ........................................................................................................ 62
Utility Vehicle Maintenance & Replacement Fund 505 ................................................................ 64
Utility Maintenance & Replacement Fund 510 ............................................................................. 66
General Maintenance & Replacement Fund 600 .......................................................................... 68
General Vehicle Maintenance & Replacement Fund 605 ............................................................. 70
All Funds Summary ......................................................................................................................... 72
IV CAPITAL IMPROVEMENT PLAN
Overview ........................................................................................................................................ 74
V APPENDIX
Ordinance No. 1005 Adopting Budget .......................................................................................... 75
Property Tax Overview ................................................................................................................... 77
Ordinance No. 1006 Adopting Tax Rate ........................................................................................ 81
Tax Rate Calculation Worksheet .................................................................................................... 84
Glossary of Terms .......................................................................................................................... 94
Acronyms ..................................................................................................................................... 101
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October 1, 2024
Honorable Mayor and Town Council:
In accordance with the Texas Local Government Code, I am pleased to submit the adopted for the Town of
Westlake Fiscal Year 2025. The fiscal year begins October 1, 2024, and ends September 30, 2025.
This budget was carefully prepared through the collective efforts of all departments to balance the identified
needs of the Town with a sustainable and sound financial plan. The budget is focused on achieving the following
goals:
Meeting resident expectations;
Continuing high quality services and responsive customer service;
Retaining and attracting employees who support the community’s vision;
Implementing sound financial policies focused on long-term sustainability; and
Offering transparency into the financial plans and status of the Town.
BUDGET STRATEGIES
The budget is influenced by the following systems: Council direction, Fiscal & Budgetary policies,
recommendations from the Town Manager, input from citizens, Government Finance Officers Association
guidelines, and general budgeting principles.
TOWN COUNCIL POLICIES & PRIORITIES
The Town Council has elected to develop a strategic plan for the Town, including the Academy, which will include
a financial sustainability plan, influence future capital spending, and provide guidance on future development,
programs, and services. This work will occur mainly during the FY2025 budget year and is expected to heavily
influence the FY2026 budget.
FISCAL & BUDGETARY POLICIES
The Town’s fiscal and budgetary policies address the Town’s operating budgets, revenue management,
expenditure control, fund balance/retained earnings, debt management, grants, economic development, audits,
internal controls, and asset management. These policies are included in our annual budget document for
residents to review and staff to use as a guiding set of principles each year.
BUDGET PRINCIPLES
The Town’s budget principles for sound fiscal management include:
Plan, manage, and fund debt service and related service delivery programs;
Maintain fund balance in accordance with the policy and future obligations;
Oversee facilities and infrastructure;
Provide exceptional and responsive public services; and
Provide competitive employee compensation.
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PROPERTY TAX
The municipal property tax rate (or ad valorem rate) will maintain the current adopted rate of $0.16788 per
$100 of assessed valuation. This rate is lower (by $0.020635) than the no-new-revenue rate (formerly the
“effective tax rate”), which is the total tax rate needed to generate the same amount of property tax revenue
for the Town from the same properties between the 2024 tax year and the 2025 tax year.
This budget adheres to direction the Council gave to stabilize our ad valorem rate, monitor expenditures, and
pause major capital expenditures while the program is evaluated. These directives help ensure we plan for the
Town’s financial stability and are better prepared to meet the service delivery expectations of our community.
Our approach to both revenue estimating and expenditure requests continue to proceed in a fiscally
conservative manner without raising the rate for our property owners and still allow Westlake the ability to
exceed expectations of our residents.
The ad valorem tax is allocated between Maintenance and Operations (M&O) in the General Fund and Interest
and Sinking (I&S) debt service for the Town. The allocation for M&O is $0.11788 and the projected revenue
totals $2.8M. The allocation for I&S debt service is $0.05000 and the projected revenue totals $1.2M. Please
see the tax rate change below:
Tax Rate Change FY24
Adopted
FY25
Proposed
Variance
M&O $0.09117 $0.11788 $0.02671
I&S $0.07671 $0.05000 ($0.02671)
Total $0.16788 $0.16788 $ 0.00
Westlake has experienced rising values due to the market conditions over the past few years. For tax year 2024,
the valuations continued to rise, but not at the rate previously experienced.
$0.00
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
FY21 FY22 FY23 FY24 FY25
Appraised Value v. Taxable Value
shown in billions
Appraised Value Taxable Value
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The appraised value of all real property in Westlake is $3.3B, which is an increase of $140M or 4.5%. The
certified taxable value is $2.46B, which is an increase of $206M or 9%. The average taxable value of a homestead
is $2.37M, which is an increase of $181K or 8%, resulting in a $304 increase in property taxes for the average
homeowner.
The difference between the appraised value and the taxable value are the Town’s homestead and other
exemptions. The Town offers the following exemptions and property tax rate reduction programs to our
residents:
Homestead Exemption
Additional 65+ or Disabled Exemption
Additional Tax Ceiling, or Tax Freeze, for 65+ or Disabled
Property Tax Reduction from $0.05 Additional Sales & Use Tax
ANNUAL BUDGET
In FY25, revenues are budgeted at $33.2M for all funds. This includes a decrease of approximately $4M in one-
time revenue from planned development activities budgeted in FY24 and is almost entirely offset by higher sales
tax and interest revenues. Expenditures are budgeted at $29.7M for all funds. This is almost a 14% decrease of
$3.6M from prior year adopted. This increase includes $1.3M for a replacement fire engine, compensation
adjustments for Town and Academy staff, and necessary investment in the Town’s water and sewer infrastructure.
The proposed budget includes the planned use of fund balance in the Visitors Association Fund, which is expected
to remedy itself within the next year due to expected increased hotel occupancy tax revenue.
FUND Revenues
& Other Sources
Expenditures & Other
Uses
Net Change to Fund
Balance
General Fund $16,548,710 $15,000,777 $1,547,933
Enterprise Funds 6,352,500 5,696,565 655,565
Internal Service M&R 1,943,000 1,891,500 51,500
Special Revenue Funds 3,785,500 2,787,759 997,741
Debt Service Funds 4,250,597 4,250,597 0
Capital Projects Funds 300,000 0 300,000
TOTAL $33,180,307 $29,627,568 $4,618,214
Of the $29.6M across all funds, $5.8M is programmed for Westlake Academy costs, including debt payments,
general maintenance and repairs, and shared services. This budget also includes $1.7M in direct cash transfer to
the Academy to cover standard operating expenses.
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The FY25 proposed budget adds 5.25 full-time equivalent positions: 3 firefighters, 2 public works employees, and
a split-funded building technician to be share with the Academy. Additionally, market adjustments were made to
bring employees into a competitive range and all staff is budgeted for an average 2% increase to compensation.
No changes to benefits are planned, however insurance costs are budgeted to increase 12%.
ALL FUNDS Adopted Proposed Change Change
FY24 FY25 Amount Percent
Payroll & Related $6,744,024 $7,390,701 $646,677 10%
Operating Expenditures 19,334,337 22,236,867 2,902,530 15%
TOTAL $26,078,361 $29,627,568 $3,549,207 14%
FINANCIAL INFORMATION AND FUND SUMMARIES
GENERAL FUND
The General Fund is the Town’s principle operating fund. It is supported by sales and use taxes, property (ad
valorem) taxes, and other revenues. These revenues may be used for a variety of purposes as determined by
the Town Council. The General Fund budget accounts for core Town services such as fire and emergency
services, planning and development, public works, finance, and administrative oversight.
REVENUES
Budgeted at $16,548,710. This is a decrease (2.5%) of $415,885 from prior year.
The largest revenue source in the General Fund is general sales and use tax revenues which are budgeted to be
$9.9M and represents 60% of the General Fund’s total revenues and sources. This revenue source has continued
to rise year over year at a rate higher than expected but is expected to adjust to a smaller, steadier rate in the
coming year, based on the latter half of the last fiscal year.
The second largest revenue source in the General Fund budget is property, or ad valorem, tax revenues. The
Maintenance and Operations (M&O) portion of the rate is budgeted to be $2.8M, comprising 17% of the General
Fund total revenues and sources. This reflects a 26% increase, or $580K, when compared to prior year revised,
due to the adjustment between the portions of the tax rate.
The third largest revenue source is from building permits and fees charged for development activities which are
projected to be $1.67M, comprising 10% of the General Fund’s total revenues and sources. This reflects a 75%
decrease of $4.7M when compared to prior year. This decrease is the result of one-time development fees that
occurred during the previous fiscal year.
Lastly, the final revenue category reflected in the chart below is for All Other Revenue at 13%. This category
contains fines, franchise fees, and interest earnings.
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EXPENDITURES
Budgeted to be $15M in all expenditures and other uses. This reflects a 16% increase of $2.0M from the prior year
revised, with the majority of this increase for a fire engine replacement.
The largest expenditure in the proposed General Fund budget is allocated to payroll and related benefits. This
amount is budgeted to be $6.3M and comprises 42% of General Fund total expenditures and other uses. This
includes a 2% increase in payroll for municipal employees and market adjustments.
The second largest expenditure is operations and maintenance. This amount is budgeted at $5.0M, comprising
34% of General Fund total expenditures and other uses. This reflects a 6% increase of $280K when compared to
prior year revised. The operations and maintenance costs consist of the dollars necessary to provide our public
services.
The third type of expenditure is transfers out. This amount is budgeted at $3.6M. This is a $1.3M increase of prior year
and consists of a transfer out to the General Maintenance and Replacement Fund, Vehicle Maintenance and
Replacement Fund, and the direct subsidy to Westlake Academy to fill their operational budget gap.
FUND BALANCE
The ending Fund Balance for the General Fund is projected to be $23.7M. The Town’s daily operating cost is calculated
at $41,098, based on the adopted expenditures total for FY25. The Town’s adopted fund balance policy requires 180
days of reserves, or $7.4M, leaving $16.3M unassigned and available.
Sales Tax
60%Property Tax
17%
Permits & Fees
10%
Other Revenue
13%
GENERAL FUND REVENUES
Personnel
42%
Operations
34%
Transfers Out
24%
GENERAL FUND EXPENDITURES
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E ENTERPRISE FUNDS
Enterprise Funds are separate from other funds and accounts of the Town. Enterprise fund revenue is used to
support all operations of the enterprise activities. The Town’s Enterprise Funds include the Utility Fund and the
Cemetery Fund.
REVENUES
Budgeted to be $6.4M, which is statistically flat from the prior year budget. Cemetery sale revenues are projected
to increase $30K for this upcoming fiscal year due to a change in fees and hiring of a managing company. Utility
rates are held flat for the upcoming year.
EXPENSES
Budgeted to be $5.7M, which is a 7% decrease, or $457K, from prior year budget. Most of this decrease is attributed
to the turnover within Public Works and the need to build retained earnings back after the adjustments to account
for the debt issued for Hillwood infrastructure.
RETAINED EARNINGS
The combined ending working capital for Enterprise Funds is projected to be -$412K; this deficit ending balance is
the result of accounting adjustments required by the Town’s auditor and not an indication of insolvency or cash flow
issues.
The Cemetery Fund is projected to have an ending retained earnings balance of $348K
The Utility Fund is projected to have an ending retained earnings balance of -$759K
INTERNAL SERVICE FUNDS
Internal Service Funds are comprised of the following: General Maintenance and Replacement Fund, General
Vehicle Maintenance and Replacement Fund, Utility Maintenance and Replacement Fund, and the Utility Vehicle
Maintenance and Replacement Fund. These funds allow the Town to plan for major replacement and repair as the
Town’s assets age.
REVENUES
Budgeted to be $1.9M, which is an increase of $1.1M from prior year. This is mainly due to an increase in transfers
in that will fund vehicles in FY25.
EXPENDITURES
Budgeted to be $1.9M, which is a 75% increase, or $813K from the prior year. These expenditures consist of the
following:
Replacement Fire Engine ($1,300,000)
Replace Self-Contained Breathing Apparatus ($40,000)
Streets and Signage Maintenance ($50,000)
Information Technology Infrastructure Replacements at Town ($175,500) and Academy ($160,500) Facilities
Computer Replacement for Town Staff ($45,500)
Vac Trailer ($120,000)
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FUND BALANCE
The combined ending fund balance is projected to be $4.4:
General Maintenance and Replacement Fund is projected to be $1.7M
General Vehicle Maintenance and Replacement Fund is projected to be $2.1M
Utility Vehicle Maintenance and Replacement Fund is projected to be $171K
Utility Maintenance and Replacement Fund is projected to be $360K
SPECIAL REVENUE FUNDS
Special Revenue Funds are comprised of the following: The Visitor Association Fund, the 4B Economic
Development Fund, Economic Development Fund, Local Public Improvement District, and the Lone Star Public
Fund.
REVENUES
Budgeted to be $3.6M, which is a 32% increase of $889K from prior year. This increase is a result of a projected
increase in sales and hotel occupancy taxes based on recent actual collection trends.
EXPENDITURES
Budgeted to be $2.7M, which is a 32% increase of $675K from prior year. Expenditures are increased mainly due to
scheduled debt payments, an economic development agreement, and rebalancing of allocations of personnel.
FUND BALANCE
The combined ending fund balance is projected to be $3.6M.
4B Economic Development Fund is projected to be $2.9M
Economic Development Fund is projected to be $0
Local Public Improvement District is projected to be $340K
Visitors Association Fund is projected to be $304K
Lone Star Public Fund is projected to be $15K
DEBT SERVICE FUNDS
Debt Service Funds are comprised of the following: Sales Tax-Backed Debt Service Fund, Ad Valorem-Backed Debt Service
Fund, and Utility-Backed Debt Service Fund. Prior to acquiring long-term debt, alternative financing sources are
explored before debt is issued, including the possibility for cash funding. Debt service is used to acquire major assets
with a useful life that equals or exceeds the debt issuance. Revenues are limited to transfers from the 4B Economic
Development Fund for sales tax-backed debt, transfers from the Utility Fund for utility-backed debt, and the interest
and sinking portion of the property tax rate for ad valorem-backed debt.
REVENUES
Budgeted to be $4.3M, which is a $734K increase from prior year solely due to the creation of the Utility Debt
Fund.
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EXPENDITURES
Budgeted to be $4.3M, which is an increase of $807K from prior year due higher payments for sales tax-paid
debt, as scheduled in the original issuances.
FUND BALANCE
The combined ending fund balance is projected to be $72K for all funds.
WESTLAKE ACADEMY
The Westlake Academy Fund encompasses all teaching and extra-/co-curricular operating expenditures as well as
State public school funding, local funds, and private donations used to support and enhance the daily operations
of Westlake Academy. Westlake Academy operates under a shared services model whereby the municipal
operations team provides human resources, communications, financial, facilities, information technology, and
administrative support services to the school. Capital maintenance and replacement of infrastructure and
equipment for the school is expensed to the municipal budget.
Due to the hiring of a new Head of School and Board members elected to serve in May, the Academy adopted a
budget of $11.5M in June. As part of the Town’s budget approval, that amount was increased to $11.8M for staff
additions and service level adjustments. These changes are noted separately from the adopted budget
information provided below.
REVENUES
Revenues are budgeted at $11.5M, which is an increase of $374K from prior year.
Enrollment is projected at 880 students
The proposed allotment is flat at $5.4M
Municipal contributions have been increased to $1.5M; this was increased $1.7M during the Town’s budget
process to subsidize the additional Academy requests
Westlake Academy Foundation support remains flat at $1.25M
EXPENDITURES
Expenditures are budgeted at $11.5M, which is an increase of $374K from prior year. This increase in expenditures
is due mainly to Board-approved service level adjustments, including staff additions.
The adopted budget included only the required step increases for contracted employees. In July, the Board of
Trustees approved a raise of 2% of the mid-range for contracted employees and a flat 2% increase for all other
staff (approximately $180K).
FTEs totaled 119.51, an increase of 1.75 from FY24; this was increased to 120.01, an increase of 2.25.
Maintenance & Operations were held generally flat due to the work by Academy leadership to begin budgeting
at the line item level. This was increased slightly in July ($21K).
FUND BALANCE
The FY25 budget projects an ending fund balance of $511,603, which represents coverage for 16 operating days.
The FY24 amended budget used $613K of unassigned fund balance.
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CAPITAL PROJECT FUNDS
The Town has three capital project funds including the Capital Project Fund, Westlake Academy Arts & Sciences
Center Fund, and Westlake Academy Expansion Fund. These funds consist of major equipment, land, and
infrastructure projects financed with General Fund operating transfers, intergovernmental revenue, bond
proceeds, and Special Revenue Fund transfers. Project completion or procurement may extend across two or
more fiscal years and reflects multiple expenditure categories such as engineering, design, and construction.
Completed capital projects often have a continuing fiscal impact on the Town’s operating funds due to routine
maintenance, repair, and daily operating costs.
Due to significant turnover by both staff and elected officials, no projects were budgeted for FY25. The Town
contracted with a company to develop a strategic plan, including a fiscal model, that will be used to develop a five
year capital improvement plan to be adopted for FY26. Any projects identified after the beginning of FY25 will be
included in a budget amendment.
REVENUES
Total revenue across all capital improvement project funds is budgeted to be $300K, a 35% decrease of $160K
from prior year due to the lack of required transfers from other funds. All revenue budgeted is projected interest
earnings.
EXPENDITURES
Total expenditures are budgeted to be $0, a decrease of $280K from prior year.
FUND BALANCE
The combined ending fund balance is projected to be $11.4M.
Capital Project Fund is projected to be $4.3M
Academy Arts and Sciences Center Fund is projected to be $3.1M
Westlake Academy Expansion Fund is projected to be $4.0M
DEBT SERVICE
Westlake does issue debt to fund capital projects. No additional issuances are planned for FY25. During FY24,
the Town paid off one of its obligations. As of October 1, 2024, the Town will have $46M outstanding across 10
issuances.
ISSUE Funding Source Amount Issued Amount Outstanding at
10/1/24
FY25 Principal &
Interest Requirements
2013 CO Sales Tax & Utility Fees $9,319,820 $7,100,00 $501,093
2013 GORB Sales Tax 2,200,000 640,000 168,830
2014 GORB Property Tax 8,500,000 1,500,000 68,780
2016 CO Sales Tax 9,180,000 7,660,000 509,525
2017 GORB Sales Tax 5,795,000 5,555,000 815,100
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2018 CO Utility Fund 2,100,000 1,640,000 141,164
2021 CO Property Tax 3,215,000 2,845,000 204,600
2021 GORB Property Tax 4,430,000 1,815,000 390,550
2022 GORB Utility Fees 14,920,000 14,165,000 865,300
2023 TTN Property Tax 3,552,000 3,098,000 573,764
TOTAL $63,211,820 $46,018,000 $4,238,706
CLOSING
In summary, the Town is making necessary changes to its financial position in order to provide residents and
businesses with the superior municipal and educational services demanded while ensuring its sustainability and
responsible use of public funds. During FY25, Town and Academy staff will undertake the following objectives:
Finalize a strategic plan with Town Council/Board of Trustees, including a fiscal model;
Review departmental budget expenditures and prioritize purchases;
Develop a five year capital improvement plan;
Improve transparency and financial reporting;
And continue to look for meaningful ways to reduce spending without reducing services.
In adherence to our fiscal policies, the budget will continue to be monitored monthly and regular updates will be
provided to the Town Council. The budget is intended to be adaptable to allow Council and staff to respond to
other service delivery needs that may arise within our community. We are very fortunate to work alongside a
team of professionals in our academic and municipal areas and to serve with a Town Council who is committed to
successful governance policies.
Respectfully submitted,
Wade Carroll
Town Manager
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TOWN OF WESTLAKE
The Town of Westlake is an oasis of natural beauty that maintains open spaces in balance with distinctive
development, trails, and quality of life amenities amidst an ever-expanding urban landscape. Westlake strives to
maintain strong aesthetic standards and preserve the natural beauty of the town. Hospitality finds its home in
Westlake as a family friendly community, welcoming, fully involved and invested in its rich heritage, vibrant
present and exciting, and sustainable future.
LOCATION
The Town of Westlake is conveniently located between DFW Airport and Alliance Airport, on the south side of
State Highway 114, providing quick, easy access to all areas of the Dallas-Ft. Worth Metroplex.
The unique location of
Westlake is ideal for many of
its major corporate campuses
and residential communities.
A common ideal shared by
our corporate and individual
residents is their support of
the existing character and
charm of the community as
well as a commitment to
excellence in new
development.
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It was late in the 1940’s after World War II, at about the
same time that Dealey built his home, that Circle T Ranch
had its beginnings with J. Glenn Turner. He used the
place to raise and train Tennessee Walking horses, and
as a retreat and showplace. Circle T Ranch was expanded
throughout the 1950’s to approximately 2,300 acres.
In 1955, there were rumors of an attempt to annex Circle
T Ranch; as a defensive move, J Glenn Turner organized
the neighboring ranches and homeowners in the
surrounding community into forming their own city.
On the 27th day of December in1956, citizens attended
a meeting to declare the Town of Westlake into existence
thru incorporation and to swear in the first Board of
Aldermen. The area included what is known today as
Westlake, plus the area north, to the northern shore of
Denton Creek. This northern land was annexed from
Westlake and formed the town of Trophy Club in the
1970’s. The Town of Westlake has changed much since
its original incorporation in 1956. During the early years,
our mayor and board members met to discuss town
business in the comfort of each other’s living rooms – an
interesting contrast to how our town operates today.
1930s
In the late 1930s, Ted Dealey, turned his attention to a
lush and untouched piece of the Cross Timbers region. It
was there he built a stunning country place designed by
prominent architect, Charles Dahlbeck. This place was
known as the 220 Ranch. The Dealey Home, which has
been relocated to a new location off Dove Road, is now
known as Paigebrooke Farm.
HISTORY
1874
The Town of Westlake was settled by Charles and
Matilda Medlin when they arrived in the area with
about 20 other families in 1847. They initially settled
along Denton Creek but moved south to higher ground
after weathering ferocious floods from the creek. Until
1997, the three-story Medlin barn was a local historic
landmark. When it had to be removed, after what was
believed to be 130 years of use, for safety concerns.
Legends include those of Sam Bass and Bonnie and
Clyde hiding in the barn.
Dove Road was the cardinal road between Grapevine
and Roanoke. The road took its name from the Dove
Community which was located between the two towns.
Dove Road originated in the 1870’s and got its name
from the Lonesome Dove Baptist Church located in the
1940s – 1950s
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In the mid-1980s, IBM built Solana, the multi-use office
complex. IBM maintained a large presence for over 10
years. At that time, several of the office buildings
became available for use by other corporations.
Eventually, IBM sold its partnership interest.
1960s
In 1989, Nelson Bunker Hunt declared bankruptcy and
the Circle T Ranch was purchased by Ross Perot Jr. in
1993. In 1997, to the dismay of residents, there was an
attempt to dissolve the Town of Westlake. Many court
battles, including appeals to the Texas Supreme Court,
were waged as emotions rose. Ultimately Town
leadership prevailed. In 1999, the Town hired the first
professional manager to oversee operations.
In 2003, the Town of Westlake established Westlake
Academy. Westlake Academy is the only municipally-
owned open enrollment charter school in the State of
Texas. The Academy is its own financial reporting entity
and the largest operating department of the Town.
1980s
In 1969, the Circle T Ranch was purchased by oil
millionaire Nelson Bunker Hunt. The ranch became
known for its glamorous parties attended by celebrities
from all over the world.
1990s
2000s
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POPULATION
According to the U.S. Census Bureau, the Town of Westlake had 201 residents in 2000. From 2000 to 2010
Westlake experienced a growth in population of 393% (992 residents). Since then, the population has been
increasing at a steady rate due to new developments in the area at an approximate 0.70% annual rate.
MEDIAN AGE
41.2 Years
GENDER
Male – 53%Female – 47%
OTHER STATISTICS 1
Median Household Income
Westlake: $244,000+
Texas: $53,482
United States: $64,994
Average Home Value
Westlake: $2,578,547
Texas: $131,400
United States: $175,700
1 Sources: Census.gov - 2020 Decennial Census; 2020 American Community Survey 5-Year Estimates
992 1063 1109 1150 1184 1120
1230 1310 1383
1610
1709
0
200
400
600
800
1000
1200
1400
1600
1800
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Population of Westlake
2010 -2020
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ECONOMY
The DFW Metro area is home to more Fortune 500 companies than any other area in the United States. The Town
of Westlake is a Gold Level Scenic City and home to many small independent businesses and several corporate
campuses.
LOCAL GOVERNMENT
The Town of Westlake was incorporated in 1956 as a Type A general-law municipality under the rules of the state
of Texas. The Town operates under the Council-Manager form of government.
Town Council is comprised of a mayor and five (5) council members. It is responsible for passing ordinances,
adopting the budget, appointing committees, and hiring the Town Manager and Head of School. Mayor and Town
Council members serve two (2) year terms. All elected officials are elected for a two-year staggered term each
May.
The Town Manager is responsible for carrying out the policies and ordinances of the Council and overseeing the
day-to-day operations of the Town. The Town provides the necessary municipal and academic services for its
residents. Major services provided under the
general government and enterprise functions
are fire and emergency medical services,
contracted police services, water and sewer
utility services, park and open space areas,
financial accounting, communications and
community affairs, street improvements,
education, and other related administrative
services.
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ELECTED COUNCIL MEMBERS – FY2025
Kim Greaves, Mayor Tammy Reeves, Mayor Pro Tem
Dr. Anna White, Councilmember Michael Yackira, Councilmember
Mike Asselta, Councilmember Todd Gautier, Councilmember
BOARDS & COMMISSIONS
Planning & Zoning Commission
Westlake Academy Foundation
4B Economic Development Board
Westlake Public Arts Society
Westlake Historical Preservation Society
Texas Student Housing Authority
19
CITZENS OF WESTLAKE
MAYOR & TOWN COUNCIL
TOWN MANAGER
ASST. TOWN
MANAGER
CHIEF
BUILDING
OFFICIAL
GIS
MANAGER
EXECUTIVE
ASSISTANT
FIRE CHIEF
DEUPTY FIRE
CHIEF
FIRE
OPERATIONS
BUSINESS
SVCS. MGR.
COURT
ADMINISTRATOR
COURT
CLERKS
PW
DIRECTOR
DEPUTY DIRECTOR
CREW
LEADER
PW
TECHNICIAN
EQUIP.
OPERATOR
ROW
INSPECTOR
FINANCE
DIRECTOR
FINANCE
MGR.-TOW
ACCOUNTANT
FINANCE
MGR.-WA
ACCOUNTANT
UTILITY/FAC.
COORD.
IT DIRECTOR
SYSTEM
ADMINISTRATOR
NETWORK
ADMINISTRATOR
DATABASE
ADMINISTRATOR
HR
DIRECTOR
GENERALIST
COMMUNICATIONS
DIRECTOR
MANAGER SPECIALIST
TOWN SECRETARY ADMINISTRATIVE
ASSISTANT
HEAD OF
SCHOOL
ACADEMY
PERSONNEL
BOARDS &
COMMISSIONS
MUNICIPAL
JUDGE
20
MISSION
Westlake is a unique community blending preservation of our
natural environment and viewscapes, while serving our residents and businesses with
superior municipal and academic services that are accessible, efficient,
cost-effective, and transparent.
VISION
An oasis of natural beauty that maintains our open spaces in balance with distinctive
developments, trails, and quality of life amenities amidst an
ever-expanding urban landscape.
VALUES
Transparent / Integrity-D riven Government
Fiscal Responsibility
Family Friendly & Welcoming
Educational Leaders
Sense of Community
Innovation
Strong Aesthetic Standards
Informed & Engaged Citizens
Preservation of Our Natural Beauty
Planned / Responsible Development
During FY2025, the Town Council/Board of Trustees and staff will be working on
developing a strategic plan, including updates to our mission, vision, and values.
21
BUDGET OVERVIEW
The budget is an essential element of the financial planning, control, and evaluation process of municipal
government. The operating budget is the Town’s documented annual financial operating plan. The budget
includes all operating departments, debt service funds, capital projects funds, and the internal service funds of
the Town. The budget is a resource tool for Town Council, staff, and the citizens of Westlake.
BASIS OF ACCOUNTING & BUDGETING
The Town records and reports all financial transactions using standard set by the Governmental Accounting
Standards Board (GASB) and General Accepted Accounting Principles (GAAP).
The Town utilizes the modified accrual basis of accounting and budgeting for governmental funds (General Fund,
Special Revenue Funds, Debt Service Funds, Capital Project Funds and Academic Funds). Revenues are accounted and
budgeted when they are measurable and available. Expenditures are accounted and budgeted when the liability is
incurred.
For proprietary funds (Enterprise and Internal Service Funds), the Town uses a full accrual basis of accounting and
budgeting. Revenues or expenses are recorded when a transaction occurred.
The Town’s financials are fully reconciled to the accounting system at the beginning of the fiscal year when the budget
is proposed and at the end of the fiscal year in the Comprehensive Annual Financial Report. GAAP adjustments are
made to reflect balance sheet requirements and their effect on the budget. These include changes in designations and
recognition of accrued liabilities.
BUDGET PROCESS
The Town’s fiscal year begins on October 1st and ends on September 30th. The budget is prepared by the Town
Manager in collaboration with department directors.
PREPARATION
The budget preparation process begins early in the calendar year with the establishment of overall town goals,
objectives, and analysis of current year operations compared to expenditures. Budget policies and procedures
are reviewed at the same time to reduce errors and omissions.
The finance department forecasts current year revenues. To maintain a stable level of services, the Town uses a
conservative, objective, and analytical approach when preparing revenue estimates. The process includes analysis
of probable economic changes and their impacts on revenues, historical collection rates, and trends in revenues.
This approach reduces the likelihood of actual revenues falling short of budget estimates during the year and
should avoid mid-year service reductions.
As per State Law, current operating revenues, including Property Tax Reduction Sales Tax (which can be used for
operations), will be sufficient to support current operating expenditures. Annually recurring revenue will not be less
than annually recurring operating budget expenditures (operating budget minus capital outlay). Debt or bond
financing will not be used to finance current expenditures.
22
DEVELOPMENT
Department heads submit proposed baseline expenditures for current service levels and any additional one-time
or on-going request they may have for their department. A round-table meeting is subsequently held with the
Town Manager, finance staff and each department head for review.
After all funding levels are established and agreed upon; the proposed budget is presented by the Town Manager
to the Town Council during the annual budget retreat. Town Council reviews the budget information, determines
their priorities for the upcoming fiscal year, and evaluates the Town’s long-term plans.
ADOPTION
Upon the determination and presentation of the final proposed budget as established by the Council, a public
hearing date and time will be set and publicized. Council will consider a resolution which, if adopted, the budget
becomes the Town’s Approved Annual Budget. Council adopts the budget in September prior to beginning the
fiscal year on October 1st. The approved budget will be placed on the Town’s website.
AMENDMENTS
The finance department monitors all financial operations while department directors are responsible for
monitoring their respective department budgets. Modifications within the operating categories can be made with
the approval of the Town Manager. Any change to reserve categories or fund totals requires a budget amendment
from Town Council.
The budget team (finance and
department head) determine whether to
proceed with a budget amendment. If so,
they will present the request to the Town
Manager for review. If approved, the
Town Manager will draft an ordinance to
formally amend the current budget.
The ordinance is presented to the Town
Council for consideration. If the
amendment is approved, the necessary
budget changes are made. When
possible, budget amendments are
approved by Town Council prior to the
expenditure of funds in excess of the
previously authorized budgeted amounts
within each fund. Unbudgeted
expenditures approved by Town Council
are included in future budget
amendments, as an administrative action.
1.
•Budget amendment is requested and forwarded
to the finance department
2.
•Finance Director reviews the budget request
•If approved, the request is forwarded to the
Town Manager
3.
•Town Manager reviews the request
•If approved, the request is presented to Town
Council
4.•Town Council reviews the request
5.
•If approved by Town Council, the finance
department enters the budget amendment
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FUND STRUCTURE
The Town’s accounting system is organized and operated on a fund basis. A fund is a group of functions combined
into a separate accounting entity having its own assets, liabilities, equity, revenues, and expenditures/expenses.
The Town of Westlake has 17 budgeted funds with specific purposes which are defined by federal, state, or local
laws.
GOVERNMENTAL FUNDS
Governmental fund types finance the most governmental functions of the Town. The acquisition, use, and
balances of the Town’s expendable financial resources and the related liabilities (except those accounted for in
the Proprietary and Fiduciary Fund types) are accounted for through Governmental Fund types. This fund type
uses a modified accrual basis of accounting and budgeting. The Town of Westlake has the following Governmental
Funds:
The General Fund is the Town’s principle operating fund, and is supported by sales and use taxes, ad valorem
property taxes, and other revenues. These revenues may be used for a variety of purposes, as determined by
the Town Council. The General Fund budget accounts for core Town services such as fire and emergency
services, planning and development, public works, finance, and administrative oversight.
Special Revenue Funds accounts for the proceeds of specific revenue sources, other than expendable trusts
or major capital projects. These funds consist of the following: The 4B Economic Development Fund, Economic
Development Fund, Public Improvement District, Visitor Association Fund, Lone Star Public Fund.
ALL FUND TYPES
Governmental
Funds (11)
General Fund
1 Fund
Special Revenue Funds
5 Funds
Debt Service Fund
3 Funds
Capital Project Funds
3 Funds
No Permanent Funds
Proprietrary
Funds (6)
Internal Service Funds
4 Funds
Enterprise Funds
2 Funds
Fiduciary
Funds (0)
No Pension Trust Funds
No Investment Trust Funds
No Private Purpose Trust Funds
No Agency Funds
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Debt Service Funds account for the payment of general long-term debt, principal and interest. This fund
provides a clearer accounting of ongoing debt obligations compared to operating budgets. The Debt Service
Fund is used to make scheduled payments for all bond issuances. General Government Debt Service Funds
are comprised of the Revenue Supported Debt Service Fund and Property Tax Supported Debt Service Fund.
In FY2025, the Town added the Utility Support Debt Service Fund to better account for debt associated with
the enterprise fund.
Capital Projects Funds account for financial resources to be used for the acquisition or construction of major
capital facilities (other than those financed by proprietary fund types). These funds consist of the Capital
Project Fund, Westlake Arts & Sciences Center Fund, and the Westlake Academy Expansion Fund.
Westlake Academy includes all operations and maintenance related to the school as well as State public
school funding, Federal and state grants, and private donations used to support the daily school operations
of the Academy. It is adopted separately from the Town and is only considered a major fund for annual
financial reporting.
PROPRIETARY FUND TYPES
Proprietary fund types account and budget for ongoing activities based on a cost of service. These funds use an
accrual basis of accounting. The Town of Westlake has the following proprietary funds:
Enterprise Funds are separate from other funds and accounts of the Town. Revenues generated by the
enterprise activity are deposited into the enterprise fund. The enterprise fund is used to support all
operations of the enterprise activity. The Town’s Enterprise Funds are the Utility Fund and the Cemetery
Fund.
Internal Service Funds account for services and or commodities furnished by a designated program to
other programs within the Town. The Town’s internal service funds are comprised of the following: Utility
Maintenance and Replacement Fund; General Maintenance and Replacement Fund; Utility Vehicle
Maintenance and Replacement Fund; and General Vehicle Maintenance and Replacement Fund.
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FUND BALANCE
Fund balance is used to describe the net position of governmental funds calculated in accordance with generally
accepted accounting principles (GAAP). Fund balance is defined as the excess of an entity’s assets over its liabilities
in a fund. In other words, it is the balance that remains once the fund’s expenditures have been deducted from its
revenues.
There are four primary reasons to maintain an adequate fund balance:
Cash Flow – It is essential for the Council to have enough cash on hand for payroll and other obligations to
be made timely. In addition, most state and federal grants require the payment prior to the grant
reimbursement request.
Unforeseen Events – Reserves often act as a contingency to meet unbudgeted and unexpected needs,
thus allowing time to make permanent changes to the budget and preventing fiscal problems from
needlessly worsening.
Financial Security – A fund reserve demonstrates a sign of financial strength and security to banking and
financial institutions allowing the Town of Westlake to borrow funds and sell bonds when additional
facilities need to be built or renovated at more favorable rates, thus saving the taxpayers money.
Interest Earning – Having a fund
In the Town of Westlake, the amount of fund balance for each fund is dictated by different parameters. Please
note that each fund summary ends with a line named “ending fund balance.”
FUND Beginning
Fund Balance
Revenues
& Other
Sources
Expenditures
& Other Uses
Net Change to
Fund Balance
Ending Fund
Balance
Percent
of Total
General Fund
$23,716,226
$16,548,710
$15,000,777
$1,547,933
$23,716,226
54%
Enterprise Funds
(1,414,908)
6,352,500
5,696,935 655,565
(759,343)
-2%
Internal Service Funds
4,298,817
1,943,000
1,891,500 51,500)
4,350,317
10%
Special Revenue
Funds
2,597,609
3,740,200
2,747,659
992,541
3,590,150
8%
Debt Service Funds
72,105
4,250,597
4,250,597 0
72,105
0%
Capital Projects Funds
11,100,583 300,000 0 300,000
11,400,583
26%
Municipal Total
$39,733,287
$33,180,304
$29,627,568
$4,618,214
$44,351,501
100%
Fund Balance will only be used with Council approval and can be only be used for the following:
Emergencies, as defined by the Council-approved financial policy.
Non-recurring expenditures such as technology, furniture, fixtures and equipment, or major capital
purchases that cannot be accommodated through current year savings.
Should such use reduce the balance below the appropriate level set as the objective for that fund,
recommendations will be made on how to restore it.
Council shall approve all commitments by formal action. The action to commit funds must occur prior to fiscal
year-end, to report such commitments in the balance sheet of the respective period, even though the amount
may be determined subsequent to fiscal year-end. A commitment can only be modified or removed by the same
formal action.
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OPERATING DAYS
The Town strives to maintain the General Fund undesignated fund balance at, or in excess of, 180 days of
operation. The change in the number of operating days in proposed budget FY24 is well over the minimum number
of operating days as determined by Town Council.
27
TOWN BUDGET CALENDAR
MARCH
Orientation & Overview of the Budget Process
Finance Establishes Base Budget
Operating Baseline Budget Available for Editing
Service Level Adjustment Forms Available
APRIL
Provide Calendar to Council
Detail Review by Finance Department
Town Manager and Finance Begin Review
with Departments
MAY/JUNE
Town Manager Selects SLAs to Refer for
Council Consideration
Academy Budget is Adopted
Academy Subsidy Incorporated into Town Draft
Budget
JULY
Meet with Finance Committee to Refine
Proposed Budget
Draft Proposed Budget
Receive Certified Values
Calculate Property Tax Rate
AUGUST
Publish Property Tax Notice
Notice for Public Hearings
Present Proposed Budget to Council
SEPTEMBER
Publish Notice of Public Hearing on Budget
Public Hearing on Budget
Adoption of Operating Budget and Tax Rate
OCTOBER
New Fiscal Year Begins
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Dept Position
FY 22-23
Audited
Actual
FY 23-24
Adopted
Positions
FY 23-24
Revised
Positions
FY 24-25
Adopted
Positions
Change Notes
10 GENERAL ADMINISTRATIVE
Administrative Assistant 1.00 1.00 1.00 1.00 -
1.00 1.00 1.00 1.00 -
11 TOWN MANAGER'S OFFICE
Town Manager 1.00 1.00 1.00 1.00 -
Deputy Town Manager 1.00 - - 0.50 0.50 Reclassified
Assistant Town Manager 1.00 - - - -
Administrative Assistant - - - - -
Purchasing Manager 1.00 1.00 - - (1.00) Eliminated
4.00 2.00 1.00 1.50 (0.50)
12 PLANNING & DEVELOPMENT
Planning & Development Director 1.00 1.00 1.00 0.50 (0.50) Reclassified
Chief Building Official 1.00 1.00 1.00 1.00 -
Development Coordinator 1.00 1.00 1.00 1.00 -
Planning Assistant 1.00 1.00 1.00 1.00 -
4.00 4.00 4.00 3.50 (0.50)
13 TOWN SECRETARY'S OFFICE
Town Secretary 1.00 1.00 1.00 1.00 -
1.00 1.00 1.00 1.00 -
14 FIRE/EMS DEPARTMENT
Fire Chief 1.00 1.00 1.00 1.00 -
Fire Marshal/Deputy Chief 1.00 1.00 1.00 1.00 -
Business Services Manager 1.00 1.00 1.00 1.00
Captain/Paramedic 2.00 2.00 2.00 2.00 -
Lt. Firefighter/Paramedic 1.00 1.00 1.00 1.00 -
Firefighter/Paramedics 12.00 12.00 12.00 15.00 3.00 Added
WA Firefighter/Paramedic 1.00 1.00 1.00 1.00 -
19.00 19.00 19.00 22.00 3.00
15 MUNICIPAL COURT OFFICE
Court Administrator 1.00 1.00 1.00 1.00 -
Lead Clerk 1.00 1.00 1.00 1.00 -
Clerk/Juv. CM 1.00 1.00 1.00 1.00 -
Marshall/SRO 1.00 0.25 - - (0.25) Contracted
Court Judge 0.50 0.50 0.50 0.50 -
4.50 3.75 3.50 3.50 (0.25)
PERSONNEL STAFFING BY DEPARTMENT & POSITION
rior Year Audited Actuals; Current Year; Next Year Proposed; Forecaste
29
Dept Position
FY 22-23
Audited
Actual
FY 23-24
Adopted
Positions
FY 23-24
Revised
Positions
FY 24-25
Adopted
Positions
Change Notes
PERSONNEL STAFFING BY DEPARTMENT & POSITION
rior Year Audited Actuals; Current Year; Next Year Proposed; Forecaste
16 PUBLIC WORKS OFFICE
Public Works Director - - 1.00 1.00 1.00 Reorganization
Deputy Director - 1.00 1.00 1.00 - Reorganization
Superintendent 1.00 - - - -
Crew Leader - 1.00 1.00 1.00 - Reorganization
Utility Technician #1 1.00 1.00 - - (1.00) Reorganization
Utility & Maint. Technician 1.00 1.00 1.00 1.00 -
Utility/Facilities Coordinator 1.00 1.00 1.00 1.00 -
Equipment Operator - - - 1.00 1.00 Added
ROW Technician - - - 1.00 1.00 Added
4.00 5.00 5.00 7.00 2.00
17 FACILITIES MAINTENANCE
Facilities & Event Manager 0.50 - - - - Eliminated
Building Technician - - - 0.25 0.25 Added
0.50 - - 0.25 0.25
18 FINANCE OFFICE
Finance Director 1.00 1.00 1.00 1.00 -
Municipal Finance Manager 1.00 1.00 1.00 1.00 -
Academic Finance Manager 1.00 1.00 1.00 1.00 -
Accountant 3.00 2.00 2.00 2.00 -
6.00 5.00 5.00 5.00 -
19 PARKS & RECREATION OFFICE
Facilities & Event Manager 0.50 - - - - Eliminated
0.50 - - - -
20 INFORMATION TECHNOLOGY
Information Technology Director 1.00 1.00 1.00 1.00 -
Network Administrator 1.00 1.00 1.00 1.00 -
Systems Administrator 1.00 1.00 1.00 1.00 -
Database Administrator 1.00 1.00 1.00 1.00 -
4.00 4.00 4.00 4.00 -
21 HUMAN RESOURCES OFFICE
Human Resources Director 1.00 1.00 1.00 1.00 -
HR Generalist 1.00 1.00 1.00 1.00 -
2.00 2.00 2.00 2.00 -
22 COMMUNICATIONS OFFICE
Communications Director 1.00 1.00 1.00 1.00 -
Manager 1.00 1.00 1.00 1.00 -
Specialist 1.00 1.00 1.00 1.00 -
3.00 3.00 3.00 3.00 -
TOTAL POSITIONS 53.50 49.75 48.50 53.75 4.00
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PERSONNEL OVERVIEW
Personnel is budgeted to be $747M and comprises 25% of all funds total expenditures. This includes a 2% pay
increase for municipal employees. Due to needs in Public Works and Public Safety, 5.25 positions were added
to this budget. The Purchasing Manager position was eliminated during FY24. These changes result in a 2%
increase of $646,677 when compared to prior year.
Personnel staffing levels for the Town are presented in full-time equivalents (FTE) positions. For example, a
position staffed for 40 hours per week for 52 weeks per year (2,080 hours) equals one full-time equivalent
position. For firefighter/paramedic positions, an FTE is based on 2,912 hours per year, or an average of 56 hours
per week is used. An FTE position of .50 refers to a position that is funded for 1,040 hours per year (2,080 x .50).
The personnel count includes vacant positions.
STAFFING LEVEL CHANGES
In FY25, the Fire/EMS Department is adding three (3) firefighter/paramedics to ensure adequate staffing of
apparatus, as determined by best practices. After a review of the Public Works Department during FY24, two
(2) vital positions were added to help with necessary maintenance of infrastructure, aid in deploying new
equipment, performing mandated safety tasks to support the utility system. Additionally, a building technician
was added to be shared with the Academy.
Department Name
FY 22-23
Actuals
FY 23-24
Adopted
FY 23-24
Revised
FY 24-25
Adopted
Change
Amount
Change
Percent
Administrative 1.00 1.00 1.00 1.00 - 0%
Town Manager 4.00 2.00 1.00 1.50 -0.50 -25%
Planning & Development 4.00 4.00 4.00 3.50 -0.50 -13%
Town Secretary 1.00 1.00 1.00 1.00 - 0%
Fire/EMS 19.00 19.00 19.00 19.00 - 0%
Municipal Court 4.50 3.75 3.50 3.50 -0.25 -7%
Public Works 4.00 5.00 5.00 7.00 2.00 40%
Facilities Maintenance 0.50 0.00 0.00 0.25 0.25 -
Finance 6.00 5.00 5.00 5.00 - 0%
Human Resources 2.00 2.00 2.00 2.00 - 0%
Park & Recreation 0.50 0.00 0.00 0.00 - 0%
Information Technology 4.00 4.00 4.00 4.00 - 0%
Communications 3.00 3.00 3.00 3.00 - 0%
Total Employees 53.50 49.75 48.50 53.75 4.00 8%
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TYPES OF REVENUE
General Sales & Use Tax is the largest revenue source in the General Fund. General sales & use taxes are collected
on the sale of goods and services within the Town as authorized by the State of Texas. The maximum sales tax
allowed in the State of Texas is 8.25% per dollar on all taxable goods and services. Of the 8.25%, 6.25% per dollar
is maintained by the State of Texas and a maximum of 2% is provided to municipalities. General sales tax funds
are collected by the Texas Comptroller of Public Accounts and remitted to the Town monthly.
Of the 2% of general sales tax received by the Town, 1.50% is appropriated to the General Fund with 0.50% being
used for the Property Tax Reduction Program. The Town also receives an additional 0.50% sales tax that is
recorded in the 4B Economic Development Corporation Fund.
Property Tax (Ad Valorem) is currently the third largest revenue source in the General Fund. The ad valorem tax
rate is per $100 of assessed valuation. The adopted ad valorem tax rate of $0.16788 is allocated between the
General Fund for Maintenance and Operations (M&O) and Debt Service Interest and Sinking (I&S) for the
municipality.
Beverage Tax is based on the 14% gross receipt tax on mixed beverages. Of the 14%, 10.7% is remitted to the Town
and the remaining 3.3% is retained by the State of Texas.
Franchise Fees are collected from utilities and telecommunications companies that use the Town’s right-of-way.
Companies have until October 1st of every year to provide municipalities notice of which fee they were planning
to pay. A flat rate is charged to both telephone operators (adjusted annually) and Tri-County Electric based on the
number of access lines and services rendered, respectively.
Permits & Fees – Other includes fees charged by the Town for gas wells, EMS revenues, review and renewal fees,
developments fees, and contractor registration fees.
Permit & Fees – Building is currently the second largest revenue source. This revenue consists of permits and fees
charged for development activities.
Fines & Forfeitures are based on the citations and warrants issued from the Municipal Court. The Keller Police
Department continues to provide police and animal control services for the Town.
Investment Income is based on interest payments, dividends, and capital gains collected.
Miscellaneous Income includes fees charged by the Town for facility rentals, sales of surplus/scrap items,
insurance refunds, and equity return.
Transfers In includes all transfers between funds. These recognize dollars received from other funds in order to
fund specific expenditures.
32
TYPES OF EXPENDITURES
Payroll and Related Expenditures is the largest expenditure in the General Fund. The Town utilizes a shared service
model, which conserves resources and avoids duplication of efforts across municipal and academic functions.
Operations and Maintenance Expenditures is the second largest expenditure in the General Fund. These
expenditures represent the dollars needed to operate and maintain basic Town services.
Capital Maintenance & Replacement includes funding for maintenance and repair costs for Town infrastructure.
Transfers Out includes all transfers between funds. These recognize dollars going to other funds to better account
for specific expenditures. This also includes the direct subsidy to Westlake Academy.
33
ALL FUNDS OVERVIEW
All funds are the total resources budgeted by the Town of Westlake. This includes major revenues and
expenditures, as well as other financing sources and uses.
HIGHLIGHTS
REVENUES
Budgeted at $33,180,307. This is a 7% increase of $2,980,099 from prior year adopted budget.
MUNICIPAL
General Sales Tax – Projected to increase by $3.8M from prior year.
Property Tax (Ad Valorem) – Based on the approved flat property tax rate of $0.16788. Of the property
tax rate, $0.11788 per $100 assessed valuation is allocated for maintenance and operation activities and
$0.05000 per $100 assessed valuation is allocated for interest and sinking debt service.
Charge for Services – Projected to decrease by $81K from prior year.
Hotel Tax – Projected to increase by $54K from prior year.
Beverage Tax – Projected to remain flat from prior year.
Franchise Fees – Projected to decrease $37K from prior year.
Permits & Fees Building – Projected to decrease $4.7M from prior year.
Permits & Fees Other – Projected to increase $147K from prior year.
Fines & Forfeitures – Projected to decrease $66K from prior year.
Interest Income – Projected to increase $844K from prior year.
Contributions – Projected to remain flat at $0 from prior year.
Miscellaneous Income – Projected to increase $2K from prior year.
Transfer In – Projected to increase $2.5M from prior year.
ACADEMIC
Total revenues are projected to increase $374K from prior year.
The subsidy from the Town was adopted with an increase $34K from prior year.
Municipal
74%
Academic
26%
Revenues
34
OPERATING EXPENDITURES
Budgeted at $29,627,568. This is a 14% increase of $3,549,207 from prior year adopted.
Payroll & Related – Increased $647K from prior year.
Operations & Maintenance – Increased $332K from prior year.
MUNICIPAL
Capital Project Funds – Decreased $280K from prior year.
Maintenance & Replacement Funds – Increased $813K from prior year.
Transfers Out – Increased $2.6M from prior year .
ACADEMIC
Expenditures – Increased $374K from prior year.
Shared Services – Increased $569K from prior year.
FUND BALANCE
The combined ending fund balance for all funds is projected to be $44.4M. This is a 12% increase from prior year.
Municipal
72%
Academic
28%
Expenditures
35
Council General Services Town Manager's
Office
Planning and
Development
Town Secretary's
Office
Fire/EMS
Department Municipal Court Public
Works
Facilities
Maintenance
Finance
Department
General Sales Tax - 9,900,000 - - - - - - - -
Property Tax - 2,830,000 - - - - - - - -
Hotel Occupancy Tax - - - - - - - - - -
Beverage Tax - 42,000 - - - - - - - -
Franchise Fees - 510,600 - - - - - - - -
Permits & Fees Other - 2,800 - 99,600 - 100,000 - - - -
Permits & Fees Building - - - 1,535,225 - 73,200 - - - -
Charge for Services - - - - - - - - - -
Fines and Forfeitures - - - - - - 437,185 - - -
Investment Earnings - 1,000,000 - - - - 8,000 - - -
Contributions - - - - - - - - - -
Misc Income - 10,000 - - - 100 - - - -
Total Revenues - 14,295,400 - 1,634,825 - 173,300 445,185 - - -
Transfers In - - - - - - - - - -
Total Other Sources - - - - - - - - - -
- 14,295,400 - 1,634,825 - 173,300 445,185 - - -
Total Payroll & Related - 56,888 307,042 481,786 71,631 3,062,364 277,153 214,700 20,000 292,864
Total Operations 36,450 1,130,611 56,587 184,491 35,330 492,780 143,181 495,424 58,250 77,237
Facilities Expenditures - - - - - 72,500 - - - -
Transfers Out - 1,736,000 - - - - - - - -
36,450 2,923,499 363,629 666,277 106,961 3,627,644 420,334 710,124 78,250 370,101
Total Payroll & Related - - 36,306 - 71,631 85,881 - - - 307,414
Total Operations 5,000 210,304 - - - - - - - 18,557
Transfers Out - 1,896,984 - - - - - - - -
5,000 2,107,288 36,306 - 71,631 85,881 - - - 325,971
41,450 5,030,787 399,935 666,277 178,592 3,713,525 420,334 710,124 78,250 696,072
(41,450) 9,264,613 (399,935) 968,548 (178,592) (3,540,225) 24,851 (710,124) (78,250) (696,072)
ENDING FUND BALANCE
BEGINNING FUND BALANCE
REVENUES OVER (UNDER) EXPENDITURES
TOTAL REVENUES AND OTHER SOURCES
FY2025 EXPENDITURES AND OTHER USES
TOTAL EXPENDITURES AND OTHER USES
FY2025 WA SHARED SERVICES
TOTAL WESTLAKE ACADEMY EXPENDITURES
TOTAL FUND EXPENDITURES
Department
GENERAL FUND
REVENUES AND OTHER SOURCES
36
General Sales Tax
Property Tax
Hotel Occupancy Tax
Beverage Tax
Franchise Fees
Permits & Fees Other
Permits & Fees Building
Charge for Services
Fines and Forfeitures
Investment Earnings
Contributions
Misc Income
Total Revenues
Transfers In
Total Other Sources
Total Payroll & Related
Total Operations
Facilities Expenditures
Transfers Out
Total Payroll & Related
Total Operations
Transfers Out
ENDING FUND BALANCE
BEGINNING FUND BALANCE
REVENUES OVER (UNDER) EXPENDITURES
TOTAL REVENUES AND OTHER SOURCES
FY2025 EXPENDITURES AND OTHER USES
TOTAL EXPENDITURES AND OTHER USES
FY2025 WA SHARED SERVICES
TOTAL WESTLAKE ACADEMY EXPENDITURES
TOTAL FUND EXPENDITURES
Department
GENERAL FUND
REVENUES AND OTHER SOURCES
Parks and
Recreation
Information
Technology
Human
Resources
Commun-
ications Police Services FY2025 PROPOSED FY2024 ADOPTED CHANGE FY2023 ACTUAL FY2022 ACTUAL
22,168,293 17,510,609 10,442,095 8,917,236
- - - - - 9,900,000 6,825,000 3,075,000 9,881,333 8,601,867
- - - - - 2,830,000 2,250,171 579,829 2,191,823 1,759,586
- - - - - - - - - -
- - - - - 42,000 42,000 - 53,042 48,089
- - - - - 510,600 547,135 (36,535) 888,245 738,460
- - - - - 202,400 183,600 18,800 208,120 235,271
- - - - - 1,608,425 6,353,004 (4,744,579) 2,104,588 3,680,037
- - - - - - - - - -
- - - - - 437,185 502,985 (65,800) 442,161 525,219
- - - - - 1,008,000 253,800 754,200 886,282 93,484
- - - - - - - - - -
- - - - - 10,100 6,900 3,200 1,032,080 19,093
- - - - - 16,548,710 16,964,595 (415,885) 17,687,674 15,701,106
- - - - - - - - - 157,758
- - - - - - - - - 157,758
- - - - - 16,548,710 16,964,595 (415,885) 17,687,674 15,858,864
- 305,347 136,696 39,080 - 5,265,551 4,783,227 482,324 4,636,244 5,589,091
368,400 179,432 47,739 40,036 1,261,969 4,607,917 4,404,325 203,592 4,117,514 4,506,243
- - - - - 72,500 46,000 26,500 79,316 84,271
- - - - - 1,736,000 490,000 1,246,000 - 4,154,400
368,400 484,779 184,435 79,116 1,261,969 11,681,968 9,723,552 1,958,416 8,833,074 14,334,005
- 246,533 136,696 134,328 - 1,018,789 1,099,946 (81,157) 1,178,937 -
- 157,775 - 11,400 - 403,036 353,450 49,586 201,915 -
- - - - - 1,896,984 1,792,463 104,521 405,234 -
- 404,308 136,696 145,728 - 3,318,809 3,245,859 72,950 1,786,086 -
368,400 889,087 321,131 224,844 1,261,969 15,000,777 12,969,411 2,031,366 10,619,160 14,334,005
(368,400) (889,087) (321,131) (224,844) (1,261,969) 1,547,933 4,657,684 (3,109,751) 7,068,514 1,524,859
23,716,226 22,168,293 (1,547,933) 17,510,609 10,442,095
37
Council General Services Town Manager's
Office
Planning and
Development
Town Secretary's
Office
Fire/EMS
Department Municipal Court Public
Works
Facilities
Maintenance
Finance
Department Department
General Sales Tax - 3,000,000 - - - - - - - -
Property Tax - - - - - - - - - -
Hotel Occupancy Tax - - - - - - - - - -
Beverage Tax - - - - - - - - - -
Franchise Fees - - - - - - - - - -
Permits & Fees Other - - - - - - - - - -
Permits & Fees Building - - - - - - - - - -
Charge for Services - - - - - - - - - -
Fines and Forfeitures - - - - - - - - - -
Investment Earnings - - - - - - - - - -
Contributions - - - - - - - - - -
Misc Income - - - - - - - - - -
Total Revenues - 3,000,000 - - - - - - - -
Transfers In - - - - - - - - - -
Total Other Sources - - - - - - - - - -
- 3,000,000 - - - - - - - -
Total Payroll & Related - - - - - - - - - -
Total Operations - - - - - - - - - -
Facilities Expenditures - - - - - - - - - -
Transfers Out - 1,943,428 - - - - - - - -
- 1,943,428 - - - - - - - -
Total Payroll & Related - - - - - - - - - -
Total Operations - - - - - - - - - -
Transfers Out - - - - - - - - - -
- - - - - - - - - -
- 1,943,428 - - - - - - - -
- 1,056,572 - - - - - - - -
BEGINNING FUND BALANCE
FY2025 WA SHARED SERVICES
TOTAL WESTLAKE ACADEMY EXPENDITURES
TOTAL FUND EXPENDITURES
REVENUES OVER (UNDER) EXPENDITURES
ENDING FUND BALANCE
4B FUND
REVENUES AND OTHER SOURCES
TOTAL REVENUES AND OTHER SOURCES
FY2025 EXPENDITURES AND OTHER USES
TOTAL EXPENDITURES AND OTHER USES
38
Department
General Sales Tax
Property Tax
Hotel Occupancy Tax
Beverage Tax
Franchise Fees
Permits & Fees Other
Permits & Fees Building
Charge for Services
Fines and Forfeitures
Investment Earnings
Contributions
Misc Income
Total Revenues
Transfers In
Total Other Sources
Total Payroll & Related
Total Operations
Facilities Expenditures
Transfers Out
Total Payroll & Related
Total Operations
Transfers Out
BEGINNING FUND BALANCE
FY2025 WA SHARED SERVICES
TOTAL WESTLAKE ACADEMY EXPENDITURES
TOTAL FUND EXPENDITURES
REVENUES OVER (UNDER) EXPENDITURES
ENDING FUND BALANCE
4B FUND
REVENUES AND OTHER SOURCES
TOTAL REVENUES AND OTHER SOURCES
FY2025 EXPENDITURES AND OTHER USES
TOTAL EXPENDITURES AND OTHER USES
Parks and
Recreation
Information
Technology
Human
Resources
Commun-
ications Police Services FY2025 PROPOSED FY2024 ADOPTED CHANGE FY2023 ACTUAL FY2022 ACTUAL
1,874,352 1,222,488 (18,244) (1,240,732)
- - - - - 3,000,000 2,275,000 725,000 3,293,778 2,867,289
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - 69,673 -
- - - - - - - - - -
- - - - - - - - - -
- - - - - 3,000,000 2,275,000 725,000 3,363,451 2,867,289
- - - - - - - - - -
- - - - - - - - - -
- - - - - 3,000,000 2,275,000 725,000 3,363,451 2,867,289
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - 1,943,428 1,623,136 320,292 2,122,719 1,644,801
- - - - - 1,943,428 1,623,136 320,292 2,122,719 1,644,801
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - 1,943,428 1,623,136 320,292 2,122,719 1,644,801
- - - - - 1,056,572 651,864 404,708 1,240,732 1,222,488
2,930,924 1,874,352 (1,056,572) 1,222,488 (18,244)
39
Council General Services Town Manager's
Office
Planning and
Development
Town Secretary's
Office
Fire/EMS
Department Municipal Court Public
Works
Facilities
Maintenance
Finance
Department Department
General Sales Tax - - - - - - - - - -
Property Tax - - - - - - - - - -
Hotel Occupancy Tax - 10,000 - - - - - - - -
Beverage Tax - - - - - - - - - -
Franchise Fees - - - - - - - - - -
Permits & Fees Other - 100,000 - - - - - - - -
Permits & Fees Building - - - - - - - - - -
Charge for Services - - - - - - - - - -
Fines and Forfeitures - - - - - - - - - -
Investment Earnings - - - - - - - - - -
Contributions - - - - - - - - - -
Misc Income - - - - - - - - - -
Total Revenues - 110,000 - - - - - - - -
Transfers In - 125,000 - - - - - - - -
Total Other Sources - 125,000 - - - - - - - -
- 235,000 - - - - - - - -
Total Payroll & Related - - - - - - - - - -
Total Operations - 135,000 - - - - - - - -
Facilities Expenditures - - - - - - - - - -
Transfers Out - - - - - - - - - -
- 135,000 - - - - - - - -
Total Payroll & Related - - - - - - - - - -
Total Operations - - - - - - - - - -
Transfers Out - 100,000 - - - - - - - -
- 100,000 - - - - - - - -
- 235,000 - - - - - - - -
- - - - - - - - - -
BEGINNING FUND BALANCE
REVENUES OVER (UNDER) EXPENDITURES
ENDING FUND BALANCE
TOTAL REVENUES AND OTHER SOURCES
FY2025 EXPENDITURES AND OTHER USES
TOTAL EXPENDITURES AND OTHER USES
FY2025 WA SHARED SERVICES
TOTAL WESTLAKE ACADEMY EXPENDITURES
TOTAL FUND EXPENDITURES
ECONOMIC DEVELOPMENT FUND
REVENUES AND OTHER SOURCES
40
Department
General Sales Tax
Property Tax
Hotel Occupancy Tax
Beverage Tax
Franchise Fees
Permits & Fees Other
Permits & Fees Building
Charge for Services
Fines and Forfeitures
Investment Earnings
Contributions
Misc Income
Total Revenues
Transfers In
Total Other Sources
Total Payroll & Related
Total Operations
Facilities Expenditures
Transfers Out
Total Payroll & Related
Total Operations
Transfers Out
BEGINNING FUND BALANCE
REVENUES OVER (UNDER) EXPENDITURES
ENDING FUND BALANCE
TOTAL REVENUES AND OTHER SOURCES
FY2025 EXPENDITURES AND OTHER USES
TOTAL EXPENDITURES AND OTHER USES
FY2025 WA SHARED SERVICES
TOTAL WESTLAKE ACADEMY EXPENDITURES
TOTAL FUND EXPENDITURES
ECONOMIC DEVELOPMENT FUND
REVENUES AND OTHER SOURCES
Parks and
Recreation
Information
Technology
Human
Resources
Commun-
ications Police Services FY2025 PROPOSED FY2024 ADOPTED CHANGE FY2023 ACTUAL FY2022 ACTUAL
- - (41,679) (41,610)
- - - - - - - - - -
- - - - - - - - - -
- - - - - 10,000 10,000 - 26,679 29,114
- - - - - - - - - -
- - - - - - - - - -
- - - - - 100,000 - 100,000 15,000 -
- - - - - - - - - 1,690,000
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - 110,000 10,000 100,000 41,679 1,719,114
- - - - - 125,000 - 125,000 - -
- - - - - 125,000 - 125,000 - -
- - - - - 235,000 10,000 225,000 41,679 1,719,114
- - - - - - - - - -
- - - - - 135,000 10,000 125,000 - 29,183
- - - - - - - - - -
- - - - - - - - - 1,690,000
- - - - - 135,000 10,000 125,000 - 1,719,183
- - - - - - - - - -
- - - - - - - - - -
- - - - - 100,000 - 100,000 - -
- - - - - 100,000 - 100,000 - -
- - - - - 235,000 10,000 225,000 - 1,719,183
- - - - - - - - 41,679 (69)
- - - - (41,679)
41
Council General Services Town Manager's
Office
Planning and
Development
Town Secretary's
Office
Fire/EMS
Department Municipal Court Public
Works
Facilities
Maintenance
Finance
Department Department
General Sales Tax - - - - - - - - - -
Property Tax - - - - - - - - - -
Hotel Occupancy Tax - - - - - - - - - -
Beverage Tax - - - - - - - - - -
Franchise Fees - - - - - - - - - -
Permits & Fees Other - - - - - - - - - -
Permits & Fees Building - - - - - - - - - -
Charge for Services - - - - - - - - - -
Fines and Forfeitures - - - - - - - - - -
Investment Earnings - - - - - - - - - -
Contributions - - - - - - - - - -
Misc Income - - - - - - - - - -
Total Revenues - - - - - - - - - -
Transfers In - - - - - - - - - -
Total Other Sources - - - - - - - - - -
- - - - - - - - - -
Total Payroll & Related - - - - - - - - - -
Total Operations - - - - - - - - - -
Facilities Expenditures - - - - - - - - - -
Transfers Out - - - - - - - - - -
- - - - - - - - - -
Total Payroll & Related - - - - - - - - - -
Total Operations - - - - - - - - - -
Transfers Out - - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
BEGINNING FUND BALANCE
FY2025 WA SHARED SERVICES
TOTAL WESTLAKE ACADEMY EXPENDITURES
TOTAL FUND EXPENDITURES
REVENUES OVER (UNDER) EXPENDITURES
ENDING FUND BALANCE
PID FUND
REVENUES AND OTHER SOURCES
TOTAL REVENUES AND OTHER SOURCES
FY2025 EXPENDITURES AND OTHER USES
TOTAL EXPENDITURES AND OTHER USES
42
Department
General Sales Tax
Property Tax
Hotel Occupancy Tax
Beverage Tax
Franchise Fees
Permits & Fees Other
Permits & Fees Building
Charge for Services
Fines and Forfeitures
Investment Earnings
Contributions
Misc Income
Total Revenues
Transfers In
Total Other Sources
Total Payroll & Related
Total Operations
Facilities Expenditures
Transfers Out
Total Payroll & Related
Total Operations
Transfers Out
BEGINNING FUND BALANCE
FY2025 WA SHARED SERVICES
TOTAL WESTLAKE ACADEMY EXPENDITURES
TOTAL FUND EXPENDITURES
REVENUES OVER (UNDER) EXPENDITURES
ENDING FUND BALANCE
PID FUND
REVENUES AND OTHER SOURCES
TOTAL REVENUES AND OTHER SOURCES
FY2025 EXPENDITURES AND OTHER USES
TOTAL EXPENDITURES AND OTHER USES
Parks and
Recreation
Information
Technology
Human
Resources
Commun-
ications Police Services FY2025 PROPOSED FY2024 ADOPTED CHANGE FY2023 ACTUAL FY2022 ACTUAL
339,658 346,658 416,823 465,462
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - 7,000 (7,000) 70,165 48,639
- - - - - - - - - -
- - - - - - - - - -
- - - - - - 7,000 (7,000) 70,165 48,639
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - 7,000 (7,000) 70,165 48,639
- - - - - - (7,000) 7,000 (70,165) (48,639)
339,658 339,658 - 346,658 416,823
43
Council General Services Town Manager's
Office
Planning and
Development
Town Secretary's
Office
Fire/EMS
Department Municipal Court Public
Works
Facilities
Maintenance
Finance
Department Department
General Sales Tax - - - - - - - - -
Property Tax - - - - - - - - - -
Hotel Occupancy Tax - 500,000 - - - - - - - -
Beverage Tax - - - - - - - - - -
Franchise Fees - - - - - - - - - -
Permits & Fees Other - - - - - - - - - -
Permits & Fees Building - - - - - - - - - -
Charge for Services - - - - - - - - - -
Fines and Forfeitures - - - - - - - - - -
Investment Earnings - 5,000 - - - - - - - -
Contributions - - - - - - - - - -
Misc Income - - - - - - - - - -
Total Revenues - 505,000 - - - - - - - -
Transfers In - - - - - - - - - -
Total Other Sources - - - - - - - - - -
- 505,000 - - - - - - - -
Total Payroll & Related - - 72,612 - - - - - - 54,777
Total Operations - 117,822 - - - - - - - -
Facilities Expenditures - - - - - - - - - -
Transfers Out - - - - - - - - - -
- 117,822 72,612 - - - - - - 54,777
Total Payroll & Related - - - - - - - - - -
Total Operations - - - - - - - - - -
Transfers Out - - - - - - - - - -
- - - - - - - - - -
- 117,822 72,612 - - - - - - 54,777
- 387,178 (72,612) - - - - - - (54,777)
BEGINNING FUND BALANCE
REVENUES OVER (UNDER) EXPENDITURES
ENDING FUND BALANCE
TOTAL REVENUES AND OTHER SOURCES
FY2025 EXPENDITURES AND OTHER USES
TOTAL EXPENDITURES AND OTHER USES
FY2025 WA SHARED SERVICES
TOTAL WESTLAKE ACADEMY EXPENDITURES
TOTAL FUND EXPENDITURES
VISITORS ASSOCIATION FUND
REVENUES AND OTHER SOURCES
44
Department
General Sales Tax
Property Tax
Hotel Occupancy Tax
Beverage Tax
Franchise Fees
Permits & Fees Other
Permits & Fees Building
Charge for Services
Fines and Forfeitures
Investment Earnings
Contributions
Misc Income
Total Revenues
Transfers In
Total Other Sources
Total Payroll & Related
Total Operations
Facilities Expenditures
Transfers Out
Total Payroll & Related
Total Operations
Transfers Out
BEGINNING FUND BALANCE
REVENUES OVER (UNDER) EXPENDITURES
ENDING FUND BALANCE
TOTAL REVENUES AND OTHER SOURCES
FY2025 EXPENDITURES AND OTHER USES
TOTAL EXPENDITURES AND OTHER USES
FY2025 WA SHARED SERVICES
TOTAL WESTLAKE ACADEMY EXPENDITURES
TOTAL FUND EXPENDITURES
VISITORS ASSOCIATION FUND
REVENUES AND OTHER SOURCES
Parks and
Recreation
Information
Technology
Human
Resources
Commun-
ications Police Services FY2025 PROPOSED FY2024 ADOPTED CHANGE FY2023 ACTUAL FY2022 ACTUAL
368,562 345,372 430,479 183,189
- - - - - - - - - -
- - - - - - - - - -
- - - - - 500,000 446,000 54,000 503,153 457,230
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - 5,000 5,000 - 12,166 2,166
- - - - - - - - - -
- - - - - - 5,100 (5,100) 3,598 9,933
- - - - - 505,000 456,100 48,900 518,917 469,329
- - - - - - - - - 500,000
- - - - - - - - - 500,000
- - - - - 505,000 456,100 48,900 518,917 969,329
- - - 188,520 - 315,909 210,376 105,533 393,769 435,319
- - - 135,500 - 253,322 222,534 30,788 210,255 286,720
- - - - - - - - - -
- - - - - - - - - -
- - - 324,020 - 569,231 432,910 136,321 604,024 722,039
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - 324,020 - 569,231 432,910 136,321 604,024 722,039
- - - (324,020) - (64,231) 23,190 (87,421) (85,107) 247,290
304,331 368,562 64,231 345,372 430,479
45
Council General Services Town Manager's
Office
Planning and
Development
Town Secretary's
Office
Fire/EMS
Department Municipal Court Public
Works
Facilities
Maintenance
Finance
Department Department
General Sales Tax - - - - - - - - -
Property Tax - - - - - - - - - -
Hotel Occupancy Tax - - - - - - - - - -
Beverage Tax - - - - - - - - - -
Franchise Fees - - - - - - - - - -
Permits & Fees Other - - - - - - - - - -
Permits & Fees Building - - - - - - - - - -
Charge for Services - 42,800 - - - - - - - -
Fines and Forfeitures - - - - - - - - - -
Investment Earnings - 2,500 - - - - - - - -
Contributions - - - - - - - - - -
Misc Income - - - - - - - - - -
Total Revenues - 45,300 - - - - - - - -
Transfers In - - - - - - - - - -
Total Other Sources - - - - - - - - - -
- 45,300 - - - - - - - -
Total Payroll & Related - - - - - - - - - -
Total Operations - 40,100 - - - - - - - -
Facilities Expenditures - - - - - - - - - -
Transfers Out - - - - - - - - - -
- 40,100 - - - - - - - -
Total Payroll & Related - - - - - - - - - -
Total Operations - - - - - - - - - -
Transfers Out - - - - - - - - - -
- - - - - - - - - -
- 40,100 - - - - - - - -
- 5,200 - - - - - - - -
BEGINNING FUND BALANCE
FY2025 WA SHARED SERVICES
TOTAL WESTLAKE ACADEMY EXPENDITURES
TOTAL FUND EXPENDITURES
REVENUES OVER (UNDER) EXPENDITURES
ENDING FUND BALANCE
CEMETERY FUND
REVENUES AND OTHER SOURCES
TOTAL REVENUES AND OTHER SOURCES
FY2025 EXPENDITURES AND OTHER USES
TOTAL EXPENDITURES AND OTHER USES
46
Department
General Sales Tax
Property Tax
Hotel Occupancy Tax
Beverage Tax
Franchise Fees
Permits & Fees Other
Permits & Fees Building
Charge for Services
Fines and Forfeitures
Investment Earnings
Contributions
Misc Income
Total Revenues
Transfers In
Total Other Sources
Total Payroll & Related
Total Operations
Facilities Expenditures
Transfers Out
Total Payroll & Related
Total Operations
Transfers Out
BEGINNING FUND BALANCE
FY2025 WA SHARED SERVICES
TOTAL WESTLAKE ACADEMY EXPENDITURES
TOTAL FUND EXPENDITURES
REVENUES OVER (UNDER) EXPENDITURES
ENDING FUND BALANCE
CEMETERY FUND
REVENUES AND OTHER SOURCES
TOTAL REVENUES AND OTHER SOURCES
FY2025 EXPENDITURES AND OTHER USES
TOTAL EXPENDITURES AND OTHER USES
Parks and
Recreation
Information
Technology
Human
Resources
Commun-
ications Police Services FY2025 PROPOSED FY2024 ADOPTED CHANGE FY2023 ACTUAL FY2022 ACTUAL
342,369 349,044 258,296 234,650
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - 42,800 14,150 28,650 88,220 31,900
- - - - - - - - - -
- - - - - 2,500 500 2,000 12,501 1,633
- - - - - - - - - -
- - - - - - 275 (275) - -
- - - - - 45,300 14,925 30,375 100,721 33,533
- - - - - - - - - -
- - - - - - - - - -
- - - - - 45,300 14,925 30,375 100,721 33,533
- - - - - - - - - -
- - - - - 40,100 21,600 18,500 9,973 9,887
- - - - - - - - - -
- - - - - - - - - -
- - - - - 40,100 21,600 18,500 9,973 9,887
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - 40,100 21,600 18,500 9,973 9,887
- - - - - 5,200 (6,675) 11,875 90,748 23,646
347,569 342,369 (5,200) 349,044 258,296
47
Council General Services Town Manager's
Office
Planning and
Development
Town Secretary's
Office
Fire/EMS
Department Municipal Court Public
Works
Facilities
Maintenance
Finance
Department Department
General Sales Tax - - - - - - - - - -
Property Tax - - - - - - - - - -
Hotel Occupancy Tax - - - - - - - - - -
Beverage Tax - - - - - - - - - -
Franchise Fees - - - - - - - - - -
Permits & Fees Other - - - - - - - - - -
Permits & Fees Building - - - - - - - - - -
Charge for Services - - - - - - - - - -
Fines and Forfeitures - - - - - - - - - -
Investment Earnings - - - - - - - - - -
Contributions - - - - - - - - - -
Misc Income - - - - - - - - - -
Total Revenues - - - - - - - - - -
Transfers In - 1,943,428 - - - - - - - -
Total Other Sources - 1,943,428 - - - - - - - -
- 1,943,428 - - - - - - - -
Total Payroll & Related - - - - - - - - - -
Total Operations - - - - - 510,525 - - - -
Facilities Expenditures - - - - - - - - - -
Transfers Out - - - - - - - - - -
- - - - - 510,525 - - - -
Total Payroll & Related - - - - - - - - - -
Total Operations - 1,432,903 - - - - - - - -
Transfers Out - - - - - - - - - -
- 1,432,903 - - - - - - - -
- 1,432,903 - - - 510,525 - - - -
- 510,525 - - - (510,525) - - - - REVENUES OVER (UNDER) EXPENDITURES
ENDING FUND BALANCE
TOTAL REVENUES AND OTHER SOURCES
FY2025 EXPENDITURES AND OTHER USES
TOTAL EXPENDITURES AND OTHER USES
FY2025 WA SHARED SERVICES
TOTAL WESTLAKE ACADEMY EXPENDITURES
TOTAL FUND EXPENDITURES
REVENUE-BACKED DEBT SERVICE FUND
REVENUES AND OTHER SOURCES
BEGINNING FUND BALANCE
48
Department
General Sales Tax
Property Tax
Hotel Occupancy Tax
Beverage Tax
Franchise Fees
Permits & Fees Other
Permits & Fees Building
Charge for Services
Fines and Forfeitures
Investment Earnings
Contributions
Misc Income
Total Revenues
Transfers In
Total Other Sources
Total Payroll & Related
Total Operations
Facilities Expenditures
Transfers Out
Total Payroll & Related
Total Operations
Transfers Out
REVENUES OVER (UNDER) EXPENDITURES
ENDING FUND BALANCE
TOTAL REVENUES AND OTHER SOURCES
FY2025 EXPENDITURES AND OTHER USES
TOTAL EXPENDITURES AND OTHER USES
FY2025 WA SHARED SERVICES
TOTAL WESTLAKE ACADEMY EXPENDITURES
TOTAL FUND EXPENDITURES
REVENUE-BACKED DEBT SERVICE FUND
REVENUES AND OTHER SOURCES
BEGINNING FUND BALANCE
Parks and
Recreation
Information
Technology
Human
Resources
Commun-
ications Police Services FY2025 PROPOSED FY2024 ADOPTED CHANGE FY2023 ACTUAL FY2022 ACTUAL
- - (499,721) (499,721)
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - 1,943,428 1,623,136 320,292 2,122,719 1,625,540
- - - - - 1,943,428 1,623,136 320,292 2,122,719 1,625,540
- - - - - 1,943,428 1,623,136 320,292 2,122,719 1,625,540
- - - - - - - - - -
- - - - - 510,525 742,825 (232,300) 777,442 1,625,540
- - - - - - - - - -
- - - - - - - - - -
- - - - - 510,525 742,825 (232,300) 777,442 1,625,540
- - - - - - - - - -
- - - - - 1,432,903 880,311 552,592 845,556 -
- - - - - - - - - -
- - - - - 1,432,903 880,311 552,592 845,556 -
- - - - - 1,943,428 1,623,136 320,292 1,622,998 1,625,540
- - - - - - - - 499,721 -
- - - - (499,721)
49
Council General Services Town Manager's
Office
Planning and
Development
Town Secretary's
Office
Fire/EMS
Department Municipal Court Public
Works
Facilities
Maintenance
Finance
Department Department
General Sales Tax - - - - - - - - - -
Property Tax - 1,241,694 - - - - - - - -
Hotel Occupancy Tax - - - - - - - - - -
Beverage Tax - - - - - - - - - -
Franchise Fees - - - - - - - - - -
Permits & Fees Other - - - - - - - - - -
Permits & Fees Building - - - - - - - - - -
Charge for Services - - - - - - - - - -
Fines and Forfeitures - - - - - - - - - -
Investment Earnings - - - - - - - - - -
Contributions - - - - - - - - - -
Misc Income - - - - - - - - - -
Total Revenues - 1,241,694 - - - - - - - -
Transfers In - - - - - - - - - -
Total Other Sources - - - - - - - - - -
- 1,241,694 - - - - - - - -
Total Payroll & Related - - - - - - - - - -
Total Operations - 499,263 - - - - - - - -
Facilities Expenditures - - - - - - - - - -
Transfers Out - - - - - - - - - -
- 499,263 - - - - - - - -
Total Payroll & Related - - - - - - - - - -
Total Operations - 742,431 - - - - - - - -
Transfers Out - - - - - - - - - -
- 742,431 - - - - - - - -
- 1,241,694 - - - - - - - -
- - - - - - - - - -
FY2025 WA SHARED SERVICES
TOTAL WESTLAKE ACADEMY EXPENDITURES
TOTAL FUND EXPENDITURES
REVENUES OVER (UNDER) EXPENDITURES
ENDING FUND BALANCE
AD VALOREM-BACKED DEBT SERVICE FUND
REVENUES AND OTHER SOURCES
TOTAL REVENUES AND OTHER SOURCES
FY2025 EXPENDITURES AND OTHER USES
TOTAL EXPENDITURES AND OTHER USES
BEGINNING FUND BALANCE
50
Department
General Sales Tax
Property Tax
Hotel Occupancy Tax
Beverage Tax
Franchise Fees
Permits & Fees Other
Permits & Fees Building
Charge for Services
Fines and Forfeitures
Investment Earnings
Contributions
Misc Income
Total Revenues
Transfers In
Total Other Sources
Total Payroll & Related
Total Operations
Facilities Expenditures
Transfers Out
Total Payroll & Related
Total Operations
Transfers Out
FY2025 WA SHARED SERVICES
TOTAL WESTLAKE ACADEMY EXPENDITURES
TOTAL FUND EXPENDITURES
REVENUES OVER (UNDER) EXPENDITURES
ENDING FUND BALANCE
AD VALOREM-BACKED DEBT SERVICE FUND
REVENUES AND OTHER SOURCES
TOTAL REVENUES AND OTHER SOURCES
FY2025 EXPENDITURES AND OTHER USES
TOTAL EXPENDITURES AND OTHER USES
BEGINNING FUND BALANCE
Parks and
Recreation
Information
Technology
Human
Resources
Commun-
ications Police Services FY2025 PROPOSED FY2024 ADOPTED CHANGE FY2023 ACTUAL FY2022 ACTUAL
72,105 (1,000) (20,149) 84,845
- - - - - - - - - -
- - - - - 1,241,694 1,893,283 (651,589) 1,316,147 1,112,874
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - 1,241,694 1,893,283 (651,589) 1,316,147 1,112,874
- - - - - - - - - 19,261
- - - - - - - - - 19,261
- - - - - 1,241,694 1,893,283 (651,589) 1,316,147 1,132,135
- - - - - - - - - -
- - - - - 499,263 933,313 (434,050) 925,444 1,237,129
- - - - - - - - - -
- - - - - - - - - -
- - - - - 499,263 933,313 (434,050) 925,444 1,237,129
- - - - - - - - - -
- - - - - 742,431 886,865 (144,434) 371,554 -
- - - - - - - - - -
- - - - - 742,431 886,865 (144,434) 371,554 -
- - - - - 1,241,694 1,820,178 (578,484) 1,296,998 1,237,129
- - - - - - 73,105 (73,105) 19,149 (104,994)
72,105 72,105 - (1,000) (20,149)
51
Council General Services Town Manager's
Office
Planning and
Development
Town Secretary's
Office
Fire/EMS
Department Municipal Court Public
Works
Facilities
Maintenance
Finance
Department Department
General Sales Tax - - - - - - - - - -
Property Tax - - - - - - - - - -
Hotel Occupancy Tax - - - - - - - - - -
Beverage Tax - - - - - - - - - -
Franchise Fees - - - - - - - - - -
Permits & Fees Other - - - - - - - - - -
Permits & Fees Building - - - - - - - - - -
Charge for Services - - - - - - - - - -
Fines and Forfeitures - - - - - - - - - -
Investment Earnings - 75,000 - - - - - - - -
Contributions - - - - - - - - - -
Misc Income - - - - - - - - - -
Total Revenues - 75,000 - - - - - - - -
Transfers In - - - - - - - - - -
Total Other Sources - - - - - - - - - -
- 75,000 - - - - - - - -
Total Payroll & Related - - - - - - - - - -
Total Operations - - - - - - - - - -
Facilities Expenditures - - - - - - - - - -
Transfers Out - - - - - - - - - -
- - - - - - - - - -
Total Payroll & Related - - - - - - - - - -
Total Operations - - - - - - - - - -
Transfers Out - - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- 75,000 - - - - - - - - REVENUES OVER (UNDER) EXPENDITURES
ENDING FUND BALANCE
TOTAL REVENUES AND OTHER SOURCES
FY2025 EXPENDITURES AND OTHER USES
TOTAL EXPENDITURES AND OTHER USES
FY2025 WA SHARED SERVICES
TOTAL WESTLAKE ACADEMY EXPENDITURES
TOTAL FUND EXPENDITURES
CAPITAL PROJECTS FUND
REVENUES AND OTHER SOURCES
BEGINNING FUND BALANCE
52
Department
General Sales Tax
Property Tax
Hotel Occupancy Tax
Beverage Tax
Franchise Fees
Permits & Fees Other
Permits & Fees Building
Charge for Services
Fines and Forfeitures
Investment Earnings
Contributions
Misc Income
Total Revenues
Transfers In
Total Other Sources
Total Payroll & Related
Total Operations
Facilities Expenditures
Transfers Out
Total Payroll & Related
Total Operations
Transfers Out
REVENUES OVER (UNDER) EXPENDITURES
ENDING FUND BALANCE
TOTAL REVENUES AND OTHER SOURCES
FY2025 EXPENDITURES AND OTHER USES
TOTAL EXPENDITURES AND OTHER USES
FY2025 WA SHARED SERVICES
TOTAL WESTLAKE ACADEMY EXPENDITURES
TOTAL FUND EXPENDITURES
CAPITAL PROJECTS FUND
REVENUES AND OTHER SOURCES
BEGINNING FUND BALANCE
Parks and
Recreation
Information
Technology
Human
Resources
Commun-
ications Police Services FY2025 PROPOSED FY2024 ADOPTED CHANGE FY2023 ACTUAL FY2022 ACTUAL
4,209,866 4,134,866 4,170,785 3,911,271
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - 75,000 75,000 - 123,124 28,290
- - - - - - - - - -
- - - - - - - - - -
- - - - - 75,000 75,000 - 123,124 28,290
- - - - - - 280,000 (280,000) - 1,100,000
- - - - - - 280,000 (280,000) - 1,100,000
- - - - - 75,000 355,000 (280,000) 123,124 1,128,290
- - - - - - - - - -
- - - - - - 280,000 (280,000) 159,043 827,886
- - - - - - - - - -
- - - - - - - - - 40,890
- - - - - - 280,000 (280,000) 159,043 868,776
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - 280,000 (280,000) 159,043 868,776
- - - - - 75,000 75,000 - (35,919) 259,514
4,284,866 4,209,866 (75,000) 4,134,866 4,170,785
53
Council General Services Town Manager's
Office
Planning and
Development
Town Secretary's
Office
Fire/EMS
Department Municipal Court Public
Works
Facilities
Maintenance
Finance
Department Department
General Sales Tax - - - - - - - - - -
Property Tax - - - - - - - - - -
Hotel Occupancy Tax - - - - - - - - - -
Beverage Tax - - - - - - - - - -
Franchise Fees - - - - - - - - - -
Permits & Fees Other - - - - - - - - - -
Permits & Fees Building - - - - - - - - - -
Charge for Services - - - - - - - - - -
Fines and Forfeitures - - - - - - - - - -
Investment Earnings - 50,000 - - - - - - - -
Contributions - - - - - - - - - -
Misc Income - - - - - - - - - -
Total Revenues - 50,000 - - - - - - - -
Transfers In - - - - - - - - - -
Total Other Sources - - - - - - - - - -
- 50,000 - - - - - - - -
Total Payroll & Related - - - - - - - - - -
Total Operations - - - - - - - - - -
Facilities Expenditures - - - - - - - - - -
Transfers Out - - - - - - - - - -
- - - - - - - - - -
Total Payroll & Related - - - - - - - - - -
Total Operations - - - - - - - - - -
Transfers Out - - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- 50,000 - - - - - - - -
FY2025 WA SHARED SERVICES
TOTAL WESTLAKE ACADEMY EXPENDITURES
TOTAL FUND EXPENDITURES
REVENUES OVER (UNDER) EXPENDITURES
ENDING FUND BALANCE
ARTS & SCIENCES CAPITAL PROJECT FUND
REVENUES AND OTHER SOURCES
TOTAL REVENUES AND OTHER SOURCES
FY2025 EXPENDITURES AND OTHER USES
TOTAL EXPENDITURES AND OTHER USES
BEGINNING FUND BALANCE
54
Department
General Sales Tax
Property Tax
Hotel Occupancy Tax
Beverage Tax
Franchise Fees
Permits & Fees Other
Permits & Fees Building
Charge for Services
Fines and Forfeitures
Investment Earnings
Contributions
Misc Income
Total Revenues
Transfers In
Total Other Sources
Total Payroll & Related
Total Operations
Facilities Expenditures
Transfers Out
Total Payroll & Related
Total Operations
Transfers Out
FY2025 WA SHARED SERVICES
TOTAL WESTLAKE ACADEMY EXPENDITURES
TOTAL FUND EXPENDITURES
REVENUES OVER (UNDER) EXPENDITURES
ENDING FUND BALANCE
ARTS & SCIENCES CAPITAL PROJECT FUND
REVENUES AND OTHER SOURCES
TOTAL REVENUES AND OTHER SOURCES
FY2025 EXPENDITURES AND OTHER USES
TOTAL EXPENDITURES AND OTHER USES
BEGINNING FUND BALANCE
Parks and
Recreation
Information
Technology
Human
Resources
Commun-
ications Police Services FY2025 PROPOSED FY2024 ADOPTED CHANGE FY2023 ACTUAL FY2022 ACTUAL
3,083,372 3,033,372 2,979,814 2,247,502
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - 50,000 50,000 - 124,746 18,957
- - - - - - - - - 750,000
- - - - - - - - - -
- - - - - 50,000 50,000 - 124,746 768,957
- - - - - - - - - -
- - - - - - - - - -
- - - - - 50,000 50,000 - 124,746 768,957
- - - - - - - - - -
- - - - - - - - - 36,645
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - 36,645
- - - - - - - - - -
- - - - - - - - 71,188 -
- - - - - - - - -
- - - - - - - - 71,188 -
- - - - - - - - 71,188 36,645
- - - - - 50,000 50,000 - 53,558 732,312
3,133,372 3,083,372 (50,000) 3,033,372 2,979,814
55
Council General Services Town Manager's
Office
Planning and
Development
Town Secretary's
Office
Fire/EMS
Department Municipal Court Public
Works
Facilities
Maintenance
Finance
Department Department
General Sales Tax - - - - - - - - - -
Property Tax - - - - - - - - - -
Hotel Occupancy Tax - - - - - - - - - -
Beverage Tax - - - - - - - - - -
Franchise Fees - - - - - - - - - -
Permits & Fees Other - - - - - - - - - -
Permits & Fees Building - - - - - - - - - -
Charge for Services - - - - - - - - - -
Fines and Forfeitures - - - - - - - - - -
Investment Earnings - 75,000 - - - - - - - -
Contributions - - - - - - - - - -
Misc Income - - - - - - - - - -
Total Revenues - 75,000 - - - - - - - -
Transfers In - 100,000 - - - - - - - -
Total Other Sources - 100,000 - - - - - - - -
- 175,000 - - - - - - - -
Total Payroll & Related - - - - - - - - - -
Total Operations - - - - - - - - - -
Facilities Expenditures - - - - - - - - - -
Transfers Out - - - - - - - - - -
- - - - - - - - - -
Total Payroll & Related - - - - - - - - - -
Total Operations - - - - - - - - - -
Transfers Out - - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- 175,000 - - - - - - - - REVENUES OVER (UNDER) EXPENDITURES
ENDING FUND BALANCE
TOTAL REVENUES AND OTHER SOURCES
FY2025 EXPENDITURES AND OTHER USES
TOTAL EXPENDITURES AND OTHER USES
FY2025 WA SHARED SERVICES
TOTAL WESTLAKE ACADEMY EXPENDITURES
TOTAL FUND EXPENDITURES
ACADEMY CAPITAL PROJECTS FUND
REVENUES AND OTHER SOURCES
BEGINNING FUND BALANCE
56
Department
General Sales Tax
Property Tax
Hotel Occupancy Tax
Beverage Tax
Franchise Fees
Permits & Fees Other
Permits & Fees Building
Charge for Services
Fines and Forfeitures
Investment Earnings
Contributions
Misc Income
Total Revenues
Transfers In
Total Other Sources
Total Payroll & Related
Total Operations
Facilities Expenditures
Transfers Out
Total Payroll & Related
Total Operations
Transfers Out
REVENUES OVER (UNDER) EXPENDITURES
ENDING FUND BALANCE
TOTAL REVENUES AND OTHER SOURCES
FY2025 EXPENDITURES AND OTHER USES
TOTAL EXPENDITURES AND OTHER USES
FY2025 WA SHARED SERVICES
TOTAL WESTLAKE ACADEMY EXPENDITURES
TOTAL FUND EXPENDITURES
ACADEMY CAPITAL PROJECTS FUND
REVENUES AND OTHER SOURCES
BEGINNING FUND BALANCE
Parks and
Recreation
Information
Technology
Human
Resources
Commun-
ications Police Services FY2025 PROPOSED FY2024 ADOPTED CHANGE FY2023 ACTUAL FY2022 ACTUAL
3,807,345 3,752,345 3,974,930 2,275,087
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - 75,000 55,000 20,000 191,200 13,608
- - - - - - - - 4,714,968 24,900
- - - - - - - - - -
- - - - - 75,000 55,000 20,000 4,906,168 38,508
- - - - - 100,000 - 100,000 - 1,690,000
- - - - - 100,000 - 100,000 - 1,690,000
- - - - - 175,000 55,000 120,000 4,906,168 1,728,508
- - - - - - - - - -
- - - - - - - - - 28,665
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - 28,665
- - - - - - - - - -
- - - - - - - - 5,128,753 -
- - - - - - - - -
- - - - - - - - 5,128,753 -
- - - - - - - - 5,128,753 28,665
- - - - - 175,000 55,000 120,000 (222,585) 1,699,843
3,982,345 3,807,345 (175,000) 3,752,345 3,974,930
57
Council General Services Town Manager's
Office
Planning and
Development
Town Secretary's
Office
Fire/EMS
Department Municipal Court Public
Works
Facilities
Maintenance
Finance
Department Department
General Sales Tax - - - - - - - - - -
Property Tax - - - - - - - - - -
Hotel Occupancy Tax - - - - - - - - - -
Beverage Tax - - - - - - - - - -
Franchise Fees - - - - - - - - - -
Permits & Fees Other - - - - - - - - - -
Permits & Fees Building - - - - - - - - - -
Charge for Services - - - - - - - - - -
Fines and Forfeitures - - - - - - - - - -
Investment Earnings - 200 - - - - - - - -
Contributions - - - - - - - - - -
Misc Income - - - - - - - - - -
Total Revenues - 200 - - - - - - - -
Transfers In - - - - - - - - - -
Total Other Sources - - - - - - - - - -
- 200 - - - - - - - -
Total Payroll & Related - - - - - - - - - -
Total Operations - - - - - - - - - -
Facilities Expenditures - - - - - - - - - -
Transfers Out - - - - - - - - - -
- - - - - - - - - -
Total Payroll & Related - - - - - - - - - -
Total Operations - - - - - - - - - -
Transfers Out - - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- 200 - - - - - - - -
FY2025 WA SHARED SERVICES
TOTAL WESTLAKE ACADEMY EXPENDITURES
TOTAL FUND EXPENDITURES
REVENUES OVER (UNDER) EXPENDITURES
ENDING FUND BALANCE
LONE STAR FUND
REVENUES AND OTHER SOURCES
TOTAL REVENUES AND OTHER SOURCES
FY2025 EXPENDITURES AND OTHER USES
TOTAL EXPENDITURES AND OTHER USES
BEGINNING FUND BALANCE
58
Department
General Sales Tax
Property Tax
Hotel Occupancy Tax
Beverage Tax
Franchise Fees
Permits & Fees Other
Permits & Fees Building
Charge for Services
Fines and Forfeitures
Investment Earnings
Contributions
Misc Income
Total Revenues
Transfers In
Total Other Sources
Total Payroll & Related
Total Operations
Facilities Expenditures
Transfers Out
Total Payroll & Related
Total Operations
Transfers Out
FY2025 WA SHARED SERVICES
TOTAL WESTLAKE ACADEMY EXPENDITURES
TOTAL FUND EXPENDITURES
REVENUES OVER (UNDER) EXPENDITURES
ENDING FUND BALANCE
LONE STAR FUND
REVENUES AND OTHER SOURCES
TOTAL REVENUES AND OTHER SOURCES
FY2025 EXPENDITURES AND OTHER USES
TOTAL EXPENDITURES AND OTHER USES
BEGINNING FUND BALANCE
Parks and
Recreation
Information
Technology
Human
Resources
Commun-
ications Police Services FY2025 PROPOSED FY2024 ADOPTED CHANGE FY2023 ACTUAL FY2022 ACTUAL
15,037 14,837 14,219 14,126
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - 200 200 - 618 93
- - - - - - - - - -
- - - - - - - - - -
- - - - - 200 200 - 618 93
- - - - - - - - - -
- - - - - - - - - -
- - - - - 200 200 - 618 93
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - 200 200 - 618 93
15,237 15,037 (200) 14,837 14,219
59
Council General Services Town Manager's
Office
Planning and
Development
Town Secretary's
Office
Fire/EMS
Department Municipal Court Public
Works
Facilities
Maintenance
Finance
Department Department
General Sales Tax - - - - - - - - - -
Property Tax - - - - - - - - - -
Hotel Occupancy Tax - - - - - - - - - -
Beverage Tax - - - - - - - - - -
Franchise Fees - - - - - - - - - -
Permits & Fees Other - - - - - - - 240,000 - -
Permits & Fees Building - - - - - - - - - -
Charge for Services - - - - - - - 5,842,000 - -
Fines and Forfeitures - - - - - - - - - -
Investment Earnings - - - - - - - 250,000 - -
Contributions - - - - - - - - - -
Misc Income - 15,500 - - - - - 5,000 - -
Total Revenues - 15,500 - - - - - 6,337,000 - -
Transfers In - - - - - - - - - -
Total Other Sources - - - - - - - - - -
- 15,500 - - - - - 6,337,000 - -
Total Payroll & Related - 18,963 72,612 - - - - 644,100 - 54,777
Total Operations - 131,976 - - - - - 3,589,032 - -
Facilities Expenditures - - - - - - - - - -
Transfers Out - 1,185,475 - - - - - - - -
- 1,336,414 72,612 - - - - 4,233,132 - 54,777
Total Payroll & Related - - - - - - - - - -
Total Operations - - - - - - - - - -
Transfers Out - - - - - - - - - -
- - - - - - - - - -
- 1,336,414 72,612 - - - - 4,233,132 - 54,777
- (1,320,914) (72,612) - - - - 2,103,868 - (54,777) REVENUES OVER (UNDER) EXPENDITURES
ENDING FUND BALANCE
TOTAL REVENUES AND OTHER SOURCES
FY2025 EXPENDITURES AND OTHER USES
TOTAL EXPENDITURES AND OTHER USES
FY2025 WA SHARED SERVICES
TOTAL WESTLAKE ACADEMY EXPENDITURES
TOTAL FUND EXPENDITURES
UTILITY FUND
REVENUES AND OTHER SOURCES
BEGINNING FUND BALANCE
60
Department
General Sales Tax
Property Tax
Hotel Occupancy Tax
Beverage Tax
Franchise Fees
Permits & Fees Other
Permits & Fees Building
Charge for Services
Fines and Forfeitures
Investment Earnings
Contributions
Misc Income
Total Revenues
Transfers In
Total Other Sources
Total Payroll & Related
Total Operations
Facilities Expenditures
Transfers Out
Total Payroll & Related
Total Operations
Transfers Out
REVENUES OVER (UNDER) EXPENDITURES
ENDING FUND BALANCE
TOTAL REVENUES AND OTHER SOURCES
FY2025 EXPENDITURES AND OTHER USES
TOTAL EXPENDITURES AND OTHER USES
FY2025 WA SHARED SERVICES
TOTAL WESTLAKE ACADEMY EXPENDITURES
TOTAL FUND EXPENDITURES
UTILITY FUND
REVENUES AND OTHER SOURCES
BEGINNING FUND BALANCE
Parks and
Recreation
Information
Technology
Human
Resources
Commun-
ications Police Services FY2025 PROPOSED FY2024 ADOPTED CHANGE FY2023 ACTUAL FY2022 ACTUAL
(1,414,908) (1,597,695) (3,448,102) (5,845,523)
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - 240,000 211,790 28,210 415,709 429,364
- - - - - - - - - -
- - - - - 5,842,000 5,951,987 (109,987) 6,641,281 6,757,234
- - - - - - - - - -
- - - - - 250,000 175,000 75,000 399,619 55,751
- - - - - - - - - 776,483
- - - - - 20,500 16,500 4,000 24,653 21,385
- - - - - 6,352,500 6,355,277 (2,777) 7,481,262 8,040,217
- - - - - - - - - -
- - - - - - - - - -
- - - - - 6,352,500 6,355,277 (2,777) 7,481,262 8,040,217
- - - - - 790,452 650,475 139,977 354,566 494,177
- - - - - 3,721,008 5,136,015 (1,415,007) 5,276,289 4,575,861
- - - - - - - - - -
- - - - - 1,185,475 386,000 799,475 - 572,758
- - - - - 5,696,935 6,172,490 (475,555) 5,630,855 5,642,796
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - 5,696,935 6,172,490 (475,555) 5,630,855 5,642,796
- - - - - 655,565 182,787 472,778 1,850,407 2,397,421
(759,343) (1,414,908) (655,565) (1,597,695) (3,448,102)
61
Council General Services Town Manager's
Office
Planning and
Development
Town Secretary's
Office
Fire/EMS
Department Municipal Court Public
Works
Facilities
Maintenance
Finance
Department Department
General Sales Tax - - - - - - - - - -
Property Tax - - - - - - - - - -
Hotel Occupancy Tax - - - - - - - - - -
Beverage Tax - - - - - - - - - -
Franchise Fees - - - - - - - - - -
Permits & Fees Other - - - - - - - - - -
Permits & Fees Building - - - - - - - - - -
Charge for Services - - - - - - - - - -
Fines and Forfeitures - - - - - - - - - -
Investment Earnings - - - - - - - - - -
Contributions - - - - - - - - - -
Misc Income - - - - - - - - - -
Total Revenues - - - - - - - - - -
Transfers In - 1,065,475 - - - - - - - -
Total Other Sources - 1,065,475 - - - - - - - -
- 1,065,475 - - - - - - - -
Total Payroll & Related - - - - - - - - - -
Total Operations - 1,065,475 - - - - - - - -
Facilities Expenditures - - - - - - - - - -
Transfers Out - - - - - - - - - -
- 1,065,475 - - - - - - - -
Total Payroll & Related - - - - - - - - - -
Total Operations - - - - - - - - - -
Transfers Out - - - - - - - - - -
- - - - - - - - - -
- 1,065,475 - - - - - - - -
- - - - - - - - - -
FY2025 WA SHARED SERVICES
TOTAL WESTLAKE ACADEMY EXPENDITURES
TOTAL FUND EXPENDITURES
REVENUES OVER (UNDER) EXPENDITURES
ENDING FUND BALANCE
UTILITY DEBT SERVICE FUND
REVENUES AND OTHER SOURCES
TOTAL REVENUES AND OTHER SOURCES
FY2025 EXPENDITURES AND OTHER USES
TOTAL EXPENDITURES AND OTHER USES
BEGINNING FUND BALANCE
62
Department
General Sales Tax
Property Tax
Hotel Occupancy Tax
Beverage Tax
Franchise Fees
Permits & Fees Other
Permits & Fees Building
Charge for Services
Fines and Forfeitures
Investment Earnings
Contributions
Misc Income
Total Revenues
Transfers In
Total Other Sources
Total Payroll & Related
Total Operations
Facilities Expenditures
Transfers Out
Total Payroll & Related
Total Operations
Transfers Out
FY2025 WA SHARED SERVICES
TOTAL WESTLAKE ACADEMY EXPENDITURES
TOTAL FUND EXPENDITURES
REVENUES OVER (UNDER) EXPENDITURES
ENDING FUND BALANCE
UTILITY DEBT SERVICE FUND
REVENUES AND OTHER SOURCES
TOTAL REVENUES AND OTHER SOURCES
FY2025 EXPENDITURES AND OTHER USES
TOTAL EXPENDITURES AND OTHER USES
BEGINNING FUND BALANCE
Parks and
Recreation
Information
Technology
Human
Resources
Commun-
ications Police Services FY2025 PROPOSED FY2024 ADOPTED CHANGE FY2023 ACTUAL FY2022 ACTUAL
- - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - 1,065,475 - 1,065,475 - -
- - - - - 1,065,475 - 1,065,475 - -
- - - - - 1,065,475 - 1,065,475 - -
- - - - - - - - - -
- - - - - 1,065,475 - 1,065,475 - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - 1,065,475 - 1,065,475 - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - 1,065,475 - 1,065,475 - -
- - - - - - - - - -
- - - - -
63
Council General Services Town Manager's
Office
Planning and
Development
Town Secretary's
Office
Fire/EMS
Department Municipal Court Public
Works
Facilities
Maintenance
Finance
Department Department
General Sales Tax - - - - - - - - - -
Property Tax - - - - - - - - - -
Hotel Occupancy Tax - - - - - - - - - -
Beverage Tax - - - - - - - - - -
Franchise Fees - - - - - - - - - -
Permits & Fees Other - - - - - - - - - -
Permits & Fees Building - - - - - - - - - -
Charge for Services - - - - - - - - - -
Fines and Forfeitures - - - - - - - - - -
Investment Earnings - 1,500 - - - - - - - -
Contributions - - - - - - - - - -
Misc Income - - - - - - - - - -
Total Revenues - 1,500 - - - - - - - -
Transfers In - 120,000 - - - - - - - -
Total Other Sources - 120,000 - - - - - - - -
- 121,500 - - - - - - - -
Total Payroll & Related - - - - - - - - - -
Total Operations - - - - - - - 120,000 - -
Facilities Expenditures - - - - - - - - - -
Transfers Out - - - - - - - - - -
- - - - - - - 120,000 - -
Total Payroll & Related - - - - - - - - - -
Total Operations - - - - - - - - - -
Transfers Out - - - - - - - - - -
- - - - - - - - - -
- - - - - - - 120,000 - -
- 121,500 - - - - - (120,000) - - REVENUES OVER (UNDER) EXPENDITURES
ENDING FUND BALANCE
TOTAL REVENUES AND OTHER SOURCES
FY2025 EXPENDITURES AND OTHER USES
TOTAL EXPENDITURES AND OTHER USES
FY2025 WA SHARED SERVICES
TOTAL WESTLAKE ACADEMY EXPENDITURES
TOTAL FUND EXPENDITURES
UTILITY VEHICLE MAINT. & REPAIR FUND
REVENUES AND OTHER SOURCES
BEGINNING FUND BALANCE
64
Department
General Sales Tax
Property Tax
Hotel Occupancy Tax
Beverage Tax
Franchise Fees
Permits & Fees Other
Permits & Fees Building
Charge for Services
Fines and Forfeitures
Investment Earnings
Contributions
Misc Income
Total Revenues
Transfers In
Total Other Sources
Total Payroll & Related
Total Operations
Facilities Expenditures
Transfers Out
Total Payroll & Related
Total Operations
Transfers Out
REVENUES OVER (UNDER) EXPENDITURES
ENDING FUND BALANCE
TOTAL REVENUES AND OTHER SOURCES
FY2025 EXPENDITURES AND OTHER USES
TOTAL EXPENDITURES AND OTHER USES
FY2025 WA SHARED SERVICES
TOTAL WESTLAKE ACADEMY EXPENDITURES
TOTAL FUND EXPENDITURES
UTILITY VEHICLE MAINT. & REPAIR FUND
REVENUES AND OTHER SOURCES
BEGINNING FUND BALANCE
Parks and
Recreation
Information
Technology
Human
Resources
Commun-
ications Police Services FY2025 PROPOSED FY2024 ADOPTED CHANGE FY2023 ACTUAL FY2022 ACTUAL
169,756 168,256 164,115 91,542
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - 1,500 1,500 - 4,141 589
- - - - - - - - - -
- - - - - - - - - 6,984
- - - - - 1,500 1,500 - 4,141 7,573
- - - - - 120,000 - 120,000 - 65,000
- - - - - 120,000 - 120,000 - 65,000
- - - - - 121,500 1,500 120,000 4,141 72,573
- - - - - - - - - -
- - - - - 120,000 - 120,000 - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - 120,000 - 120,000 - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - 120,000 - 120,000 - -
- - - - - 1,500 1,500 - 4,141 72,573
171,256 169,756 (1,500) 168,256 164,115
65
Council General Services Town Manager's
Office
Planning and
Development
Town Secretary's
Office
Fire/EMS
Department Municipal Court Public
Works
Facilities
Maintenance
Finance
Department Department
General Sales Tax - - - - - - - - - -
Property Tax - - - - - - - - - -
Hotel Occupancy Tax - - - - - - - - - -
Beverage Tax - - - - - - - - - -
Franchise Fees - - - - - - - - - -
Permits & Fees Other - - - - - - - - - -
Permits & Fees Building - - - - - - - - - -
Charge for Services - - - - - - - - - -
Fines and Forfeitures - - - - - - - - - -
Investment Earnings - - - - - - - - - -
Contributions - - - - - - - - - -
Misc Income - - - - - - - - - -
Total Revenues - - - - - - - - - -
Transfers In - - - - - - - - - -
Total Other Sources - - - - - - - - - -
- - - - - - - - - -
Total Payroll & Related - - - - - - - - - -
Total Operations - - - - - - - - - -
Facilities Expenditures - - - - - - - - - -
Transfers Out - - - - - - - - - -
- - - - - - - - - -
Total Payroll & Related - - - - - - - - - -
Total Operations - - - - - - - - - -
Transfers Out - - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
FY2025 WA SHARED SERVICES
TOTAL WESTLAKE ACADEMY EXPENDITURES
TOTAL FUND EXPENDITURES
REVENUES OVER (UNDER) EXPENDITURES
ENDING FUND BALANCE
UTILITY MAINTENANCE & REPAIR FUND
REVENUES AND OTHER SOURCES
TOTAL REVENUES AND OTHER SOURCES
FY2025 EXPENDITURES AND OTHER USES
TOTAL EXPENDITURES AND OTHER USES
BEGINNING FUND BALANCE
66
Department
General Sales Tax
Property Tax
Hotel Occupancy Tax
Beverage Tax
Franchise Fees
Permits & Fees Other
Permits & Fees Building
Charge for Services
Fines and Forfeitures
Investment Earnings
Contributions
Misc Income
Total Revenues
Transfers In
Total Other Sources
Total Payroll & Related
Total Operations
Facilities Expenditures
Transfers Out
Total Payroll & Related
Total Operations
Transfers Out
FY2025 WA SHARED SERVICES
TOTAL WESTLAKE ACADEMY EXPENDITURES
TOTAL FUND EXPENDITURES
REVENUES OVER (UNDER) EXPENDITURES
ENDING FUND BALANCE
UTILITY MAINTENANCE & REPAIR FUND
REVENUES AND OTHER SOURCES
TOTAL REVENUES AND OTHER SOURCES
FY2025 EXPENDITURES AND OTHER USES
TOTAL EXPENDITURES AND OTHER USES
BEGINNING FUND BALANCE
Parks and
Recreation
Information
Technology
Human
Resources
Commun-
ications Police Services FY2025 PROPOSED FY2024 ADOPTED CHANGE FY2023 ACTUAL FY2022 ACTUAL
360,629 663,129 966,270 650,565
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - 7,500 (7,500) 14,365 3,494
- - - - - - - - - -
- - - - - - - - - -
- - - - - - 7,500 (7,500) 14,365 3,494
- - - - - - 386,000 (386,000) - 350,000
- - - - - - 386,000 (386,000) - 350,000
- - - - - - 393,500 (393,500) 14,365 353,494
- - - - - - - - - -
- - - - - - 696,000 (696,000) 317,506 37,789
- - - - - - - - - -
- - - - - - - - - -
- - - - - - 696,000 (696,000) 317,506 37,789
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - -
- - - - - - - - - -
- - - - - - 696,000 (696,000) 317,506 37,789
- - - - - - (302,500) 302,500 (303,141) 315,705
360,629 360,629 - 663,129 966,270
67
Council General Services Town Manager's
Office
Planning and
Development
Town Secretary's
Office
Fire/EMS
Department Municipal Court Public
Works
Facilities
Maintenance
Finance
Department Department
General Sales Tax - - - - - - - - - -
Property Tax - - - - - - - - - -
Hotel Occupancy Tax - - - - - - - - - -
Beverage Tax - - - - - - - - - -
Franchise Fees - - - - - - - - - -
Permits & Fees Other - - - - - - - - - -
Permits & Fees Building - - - - - - - - - -
Charge for Services - - - - - - - - - -
Fines and Forfeitures - - - - - - - - - -
Investment Earnings - 20,000 - - - - - - - -
Contributions - - - - - - - - - -
Misc Income - - - - - - - - - -
Total Revenues - 20,000 - - - - - - - -
Transfers In - 471,500 - - - - - - - -
Total Other Sources - 471,500 - - - - - - - -
- 491,500 - - - - - - - -
Total Payroll & Related - - - - - - - - - -
Total Operations - - - - - 40,000 - 50,000 5,000 -
Facilities Expenditures - - - - - - - - - -
Transfers Out - - - - - - - - - -
- - - - - 40,000 - 50,000 5,000 -
Total Payroll & Related - - - - - - - - - -
Total Operations - - - - - - - - - -
Transfers Out - - - - - - - - - -
- - - - - - - - - -
- - - - - 40,000 - 50,000 5,000 -
- 491,500 - - - (40,000) - (50,000) (5,000) - REVENUES OVER (UNDER) EXPENDITURES
ENDING FUND BALANCE
TOTAL REVENUES AND OTHER SOURCES
FY2025 EXPENDITURES AND OTHER USES
TOTAL EXPENDITURES AND OTHER USES
FY2025 WA SHARED SERVICES
TOTAL WESTLAKE ACADEMY EXPENDITURES
TOTAL FUND EXPENDITURES
GENERAL MAINTENANCE & REPAIR FUND
REVENUES AND OTHER SOURCES
BEGINNING FUND BALANCE
68
Department
General Sales Tax
Property Tax
Hotel Occupancy Tax
Beverage Tax
Franchise Fees
Permits & Fees Other
Permits & Fees Building
Charge for Services
Fines and Forfeitures
Investment Earnings
Contributions
Misc Income
Total Revenues
Transfers In
Total Other Sources
Total Payroll & Related
Total Operations
Facilities Expenditures
Transfers Out
Total Payroll & Related
Total Operations
Transfers Out
REVENUES OVER (UNDER) EXPENDITURES
ENDING FUND BALANCE
TOTAL REVENUES AND OTHER SOURCES
FY2025 EXPENDITURES AND OTHER USES
TOTAL EXPENDITURES AND OTHER USES
FY2025 WA SHARED SERVICES
TOTAL WESTLAKE ACADEMY EXPENDITURES
TOTAL FUND EXPENDITURES
GENERAL MAINTENANCE & REPAIR FUND
REVENUES AND OTHER SOURCES
BEGINNING FUND BALANCE
Parks and
Recreation
Information
Technology
Human
Resources
Commun-
ications Police Services FY2025 PROPOSED FY2024 ADOPTED CHANGE FY2023 ACTUAL FY2022 ACTUAL
1,661,088 1,641,088 2,109,432 1,135,059
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - 20,000 20,000 - 54,916 11,110
- - - - - - - - - -
- - - - - - - - - 1,295
- - - - - 20,000 20,000 - 54,916 12,405
- - - - - 471,500 382,500 89,000 - 1,554,400
- - - - - 471,500 382,500 89,000 - 1,554,400
- - - - - 491,500 402,500 89,000 54,916 1,566,805
- - - - - - - - - -
- 216,000 - - - 311,000 210,000 101,000 185,992 592,432
- - - - - - - - - -
- - - - - - - - - -
- 216,000 - - - 311,000 210,000 101,000 185,992 592,432
- - - - - - - - - -
- 160,500 - - - 160,500 172,500 (12,000) 337,268 -
- - - - - - - - - -
- 160,500 - - - 160,500 172,500 (12,000) 337,268 -
- 376,500 - - - 471,500 382,500 89,000 523,260 592,432
- (376,500) - - - 20,000 20,000 - (468,344) 974,373
1,681,088 1,661,088 (20,000) 1,641,088 2,109,432
69
Council General Services Town Manager's
Office
Planning and
Development
Town Secretary's
Office
Fire/EMS
Department Municipal Court Public
Works
Facilities
Maintenance
Finance
Department Department
General Sales Tax - - - - - - - - - -
Property Tax - - - - - - - - - -
Hotel Occupancy Tax - - - - - - - - - -
Beverage Tax - - - - - - - - - -
Franchise Fees - - - - - - - - - -
Permits & Fees Other - - - - - - - - - -
Permits & Fees Building - - - - - - - - - -
Charge for Services - - - - - - - - - -
Fines and Forfeitures - - - - - - - - - -
Investment Earnings - 30,000 - - - - - - - -
Contributions - - - - - - - - - -
Misc Income - - - - - - - - - -
Total Revenues - 30,000 - - - - - - - -
Transfers In - 1,300,000 - - - - - - - -
Total Other Sources - 1,300,000 - - - - - - - -
- 1,330,000 - - - - - - - -
Total Payroll & Related - - - - - - - - - -
Total Operations - - - - - 1,300,000 - - - -
Facilities Expenditures - - - - - - - - - -
Transfers Out - - - - - - - - - -
- - - - - 1,300,000 - - - -
Total Payroll & Related - - - - - - - - - -
Total Operations - - - - - - - - - -
Transfers Out - - - - - - - - - -
- - - - - - - - - -
- - - - - 1,300,000 - - - -
- 1,330,000 - - - (1,300,000) - - - -
FY2025 WA SHARED SERVICES
TOTAL WESTLAKE ACADEMY EXPENDITURES
TOTAL FUND EXPENDITURES
REVENUES OVER (UNDER) EXPENDITURES
ENDING FUND BALANCE
GENERAL VEHICLE MAINT. & REPAIR FUND
REVENUES AND OTHER SOURCES
TOTAL REVENUES AND OTHER SOURCES
FY2025 EXPENDITURES AND OTHER USES
TOTAL EXPENDITURES AND OTHER USES
BEGINNING FUND BALANCE
70
Department
General Sales Tax
Property Tax
Hotel Occupancy Tax
Beverage Tax
Franchise Fees
Permits & Fees Other
Permits & Fees Building
Charge for Services
Fines and Forfeitures
Investment Earnings
Contributions
Misc Income
Total Revenues
Transfers In
Total Other Sources
Total Payroll & Related
Total Operations
Facilities Expenditures
Transfers Out
Total Payroll & Related
Total Operations
Transfers Out
FY2025 WA SHARED SERVICES
TOTAL WESTLAKE ACADEMY EXPENDITURES
TOTAL FUND EXPENDITURES
REVENUES OVER (UNDER) EXPENDITURES
ENDING FUND BALANCE
GENERAL VEHICLE MAINT. & REPAIR FUND
REVENUES AND OTHER SOURCES
TOTAL REVENUES AND OTHER SOURCES
FY2025 EXPENDITURES AND OTHER USES
TOTAL EXPENDITURES AND OTHER USES
BEGINNING FUND BALANCE
Parks and
Recreation
Information
Technology
Human
Resources
Commun-
ications Police Services FY2025 PROPOSED FY2024 ADOPTED CHANGE FY2023 ACTUAL FY2022 ACTUAL
2,107,344 2,077,344 2,125,815 1,160,846
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - 30,000 30,000 - 83,999 12,649
- - - - - - - - - -
- - - - - - - - - 26,390
- - - - - 30,000 30,000 - 83,999 39,039
- - - - - 1,300,000 - 1,300,000 - 1,000,000
- - - - - 1,300,000 - 1,300,000 - 1,000,000
- - - - - 1,330,000 30,000 1,300,000 83,999 1,039,039
- - - - - - - - - -
- - - - - 1,300,000 - 1,300,000 132,470 74,070
- - - - - - - - - -
- - - - - - - - - -
- - - - - 1,300,000 - 1,300,000 132,470 74,070
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - 1,300,000 - 1,300,000 132,470 74,070
- - - - - 30,000 30,000 - (48,471) 964,969
2,137,344 2,107,344 (30,000) 2,077,344 2,125,815
71
Council General Services Town Manager's
Office
Planning and
Development
Town Secretary's
Office
Fire/EMS
Department Municipal Court Public
Works
Facilities
Maintenance
Finance
Department Department
General Sales Tax - 12,900,000 - - - - - - - -
Property Tax - 4,071,694 - - - - - - - -
Hotel Occupancy Tax - 510,000 - - - - - - - -
Beverage Tax - 42,000 - - - - - - - -
Franchise Fees - 510,600 - - - - - - - -
Permits & Fees Other - 102,800 - 99,600 - 100,000 - 240,000 - -
Permits & Fees Building - - - 1,535,225 - 73,200 - - - -
Charge for Services - 42,800 - - - - - 5,842,000 - -
Fines and Forfeitures - - - - - - 437,185 - - -
Investment Earnings - 1,259,200 - - - - 8,000 250,000 - -
Contributions - - - - - - - - - -
Misc Income - 25,500 - - - 100 - 5,000 - -
Total Revenues - 19,464,594 - 1,634,825 - 173,300 445,185 6,337,000 - -
Transfers In - 5,125,403 - - - - - - - -
Total Other Sources - 5,125,403 - - - - - - - -
- 24,589,997 - 1,634,825 - 173,300 445,185 6,337,000 - -
Total Payroll & Related - 75,851 452,266 481,786 71,631 3,062,364 277,153 858,800 20,000 402,418
Total Operations 36,450 3,120,247 56,587 184,491 35,330 2,343,305 143,181 4,254,456 63,250 77,237
Facilities Expenditures - - - - - 72,500 - - - -
Transfers Out - 4,864,903 - - - - - - - -
36,450 6,995,526 508,853 666,277 106,961 5,478,169 420,334 5,113,256 83,250 479,655
Total Payroll & Related - - 36,306 - 71,631 85,881 - - - 307,414
Total Operations 5,000 2,385,638 - - - - - - - 18,557
Transfers Out - 1,996,984 - - - - - - - -
5,000 4,382,622 36,306 - 71,631 85,881 - - - 325,971
41,450 11,378,148 545,159 666,277 178,592 5,564,050 420,334 5,113,256 83,250 805,626
(41,450) 13,211,849 (545,159) 968,548 (178,592) (5,390,750) 24,851 1,223,744 (83,250) (805,626)
ENDING FUND BALANCE
TOTAL SURPLUS (DEFICIT)
TOTAL REVENUES AND OTHER SOURCES
FY2025 EXPENDITURES AND OTHER USES
TOTAL EXPENDITURES AND OTHER USES
FY2025 WA SHARED SERVICES
TOTAL WA SHARED SERVICES
TOTAL EXPENDITURES
ALL FUNDS
REVENUES AND OTHER SOURCES
BEGINNING FUND BALANCE
72
Department
General Sales Tax
Property Tax
Hotel Occupancy Tax
Beverage Tax
Franchise Fees
Permits & Fees Other
Permits & Fees Building
Charge for Services
Fines and Forfeitures
Investment Earnings
Contributions
Misc Income
Total Revenues
Transfers In
Total Other Sources
Total Payroll & Related
Total Operations
Facilities Expenditures
Transfers Out
Total Payroll & Related
Total Operations
Transfers Out
ENDING FUND BALANCE
TOTAL SURPLUS (DEFICIT)
TOTAL REVENUES AND OTHER SOURCES
FY2025 EXPENDITURES AND OTHER USES
TOTAL EXPENDITURES AND OTHER USES
FY2025 WA SHARED SERVICES
TOTAL WA SHARED SERVICES
TOTAL EXPENDITURES
ALL FUNDS
REVENUES AND OTHER SOURCES
BEGINNING FUND BALANCE
Parks and
Recreation
Information
Technology
Human
Resources
Commun-
ications Police Services FY2025 PROPOSED FY2024 ADOPTED CHANGE FY2023 ACTUAL FY2022 ACTUAL
39,733,287 33,311,669 23,676,134 13,394,750
- - - - - 12,900,000 9,100,000 3,800,000 13,175,111 11,469,156
- - - - - 4,071,694 4,143,454 (71,760) 3,507,970 2,872,460
- - - - - 510,000 456,000 54,000 529,832 486,344
- - - - - 42,000 42,000 - 53,042 48,089
- - - - - 510,600 547,135 (36,535) 888,245 738,460
- - - - - 542,400 395,390 147,010 638,829 664,635
- - - - - 1,608,425 6,353,004 (4,744,579) 2,104,588 5,370,037
- - - - - 5,884,800 5,966,137 (81,337) 6,729,501 6,789,134
- - - - - 437,185 502,985 (65,800) 442,161 525,219
- - - - - 1,517,200 673,500 843,700 1,977,350 241,824
- - - - - - - - 4,714,968 1,551,383
- - - - - 30,600 28,775 1,825 1,060,331 85,080
- - - - - 28,054,904 28,208,380 (153,476) 35,821,928 30,841,821
- - - - - 5,125,403 2,671,636 2,453,767 2,122,719 8,061,959
- - - - - 5,125,403 2,671,636 2,453,767 2,122,719 8,061,959
- - - - - 33,180,307 30,880,016 2,300,291 37,944,647 38,903,780
- 305,347 136,696 227,600 - 6,371,912 5,644,078 727,834 5,384,579 6,518,587
368,400 395,432 47,739 175,536 1,261,969 12,563,610 12,703,612 (140,002) 12,182,093 13,916,689
- - - - - 72,500 46,000 26,500 79,316 84,271
- - - - - 4,864,903 2,499,136 2,365,767 2,122,719 8,102,849
368,400 700,779 184,435 403,136 1,261,969 23,872,925 20,892,826 2,980,099 19,768,707 28,622,396
- 246,533 136,696 134,328 - 1,018,789 1,099,946 (81,157) 1,178,937 -
- 318,275 - 11,400 - 2,738,870 2,293,126 445,744 6,956,234 -
- - - - - 1,996,984 1,792,463 204,521 405,234 -
- 564,808 136,696 145,728 - 5,754,643 5,185,535 569,108 8,540,405 -
368,400 1,265,587 321,131 548,864 1,261,969 29,627,568 26,078,361 3,549,207 28,309,112 28,622,396
(368,400) (1,265,587) (321,131) (548,864) (1,261,969) 4,618,214 6,421,618 (1,803,404) 9,635,535 10,281,384
44,351,501 39,733,287 (4,618,214) 33,311,669 23,676,134
73
CAPITAL IMPROVEMENT PLAN OVERVIEW
The Capital Improvement Plan (CIP) is the Town’s strategy for infrastructure development and improvement. This
includes, road expansion, repairs on publicly owned buildings, and the acquisition of new water sources. Typically,
the CIP is a multi-year document that summarizes capital projects for the next five (5) years. For FY2025, the Town
Council and staff made the conscientious choice to forgo adopting a CIP as part of the budget process while it
works with a consultant to develop a strategic plan. The strategic plan will include a long-range financial forecast,
which will be used to develop a more comprehensive and thoughtful capital improvement plan as part of the
FY2026 budget process.
CAPITAL IMPROVEMENT PLAN PROGRESS
Due to its unique structure, capital improvements for Westlake Academy are included in the Town of Westlake’s
operating and CIP budgets. The gym renovation and installation of modular buildings on campus were
completed by the end of FY2024. The Town will consider additional capital improvements, as needs arise,
throughout FY2025. A budget amendment will presented to Council for consideration when any projects are
identified, approved, and eligible for use of fund balance.
74
75
76
PROPERTY TAX OVERVIEW
Property tax (or Ad Valorem) remained flat at $0.16788 per $100 of assessed valuation. The rate is budgeted to
yield $4.1M in revenue for FY2025, which is a decrease of $72K from the prior year.
The tax rate is lower than both the no-new-revenue tax rate (formerly the effective tax rate) and the voter-
approval tax rate (formerly the rollback rate). The no-new-revenue rate is the total tax rate needed to raise the
same amount of property tax revenue for the Town of Westlake from the same properties in both the prior tax
year and current tax year. The voter approval rate is the maximum rate that could be levied before a general
election is triggered.
Due to increased valuations on existing property and continued new development, the Town has more than
doubled its property tax revenue in the last ten years. This has largely funded capital improvements throughout
Town, including on campus, and been necessary to meet rising costs across all sectors of spending.
Town of Westlake Property Tax Revenue from FY2016 – FY2025
*Revenues per Adopted Budget.
This budget will raise more revenue from property taxes than last year’s budget by an amount of -$71,760,
which is a 1.73 percent decrease from last year’s budget. The property tax revenue to be raised from new
property added to the tax roll this year is $117,324.
The Town of Westlake complies with all truth-in-taxation laws to protect the public’s right-to-know about tax
rate decisions.
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
4,500,000
2016 2017 2018 2019 2020 2021 2022 2023 2024*2025*
Property Tax Revenue
77
PROPERTY TAX RATE
Property tax is the fourth largest revenue source for the Town of Westlake. The rate levied is required to be
adopted in two parts:
M&O: The Maintenance & Operations rate is set to raise the funds necessary to support the general operations
of the Town and is budgeted only within the General Fund. The M&O portion is budgeted to provide $2.8M in
General Fund revenue.
I&S: The Interest & Sinking rate is the minimum rate set to provide for the Town’s debt service requirements
for the upcoming fiscal year. This rate accounts for principal and interest on bonds and other debt secured by
property tax revenue. The I&S portion is budgeted to provide $1.2M
Tax Rate Change FY2024
Adopted
FY2025
Adopted
Variance
M&O $0.09117 $0.11788 $0.02671
I&S $0.07671 $0.05000 $(0.02671)
Total $0.16788 $0.16788 $0.00
The Town of Westlake paid off a tax note during FY2024 and was able to move that portion of the I&S rate to
the M&O portion to adequately fund the General Fund obligations without passing along a rate increase to its
constituents. The overall rate remains one of the lowest within the State of Texas.
Ad Valorem Tax Rates from Tax Year 2015 – Tax Year 2024
Tax Years are the full calendar year during which the first quarter of the fiscal year falls
0.13947 0.12882 0.11133 0.13201 0.11453 0.12490 0.12490 0.10284 0.09117 0.11788
0.01687
0.00813 0.02482
0.02399 0.04565 0.04298 0.04298
0.06504 0.07671
0.05000
0.15634 0.13695 0.13615 0.15600 0.16018 0.16788 0.16788 0.16788 0.16788 0.16788
0.00000
0.02000
0.04000
0.06000
0.08000
0.10000
0.12000
0.14000
0.16000
0.18000
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Ad Valorem Tax Rate
M&O I&S
78
VALUATION
PROPERTY VALUES
The Town of Westlake does not appraise any property. The Tarrant Appraisal District and Denton Central
Appraisal District are responsible for the appraisal values, applied exemptions and abatements, and protests
for all real property, including business personal property, within the Town limits. The Town uses the
information provided to calculate the various required tax rates and determine the rate to levy.
APPRAISED VALUE VERSUS TAXABLE VALUE
The Town of Westlake’s property values have increased over time. The difference between the appraised value
and the taxable value are the Town’s homestead and other exemptions.
Value provided by Tarrant & Denton Central Appraisal Districts from Tax Year 2020 – Tax Year 2024 in the millions
2,205
2,563
2,954
3,160 3,300
1,640 1,820
2,164 2,254
2,460
0
500
1,000
1,500
2,000
2,500
3,000
3,500
2020 2021 2022 2023 2024
Appraised vs. Taxable Values
Appraised Taxable
79
EXEMPTIONS & PROPERTY TAX REDUCTION
The Town of Westlake offers the following exemptions and property tax reduction programs to its residents:
HOMESTEAD EXEMPTION
It is the intent of the Town Council of the Town of Westlake to adopt the highest possible homestead exemption,
which would be a homestead exemption in the amount of twenty percent (20%) of the value of the homestead,
and in any event, the exemption shall be at least a minimum of Five Thousand dollars ($5,000).
ADDITIONAL 65+ or DISABLED EXEMPTION
A $10,000 exemption on the taxable value of homes of 65+ or disabled residents (one or the other, not both).
HOMESTEAD TAX CEILING, OR TAX FREEZE
This exemption limits the total amount of taxes residents who are 65+ or disabled pay so that their future years’
taxes will not increase beyond what they currently pay upon qualification. Any resident that was 65 or disabled
when the Town increased its zero, or 0%, ad valorem rate in 2010, did not pay any municipal ad valorem taxes for
the 2009 tax year due to this tax ceiling. After the 2010 tax levy, persons over 65 or disabled with a Westlake
residence homestead are able to freeze their municipal tax levy in the tax year of qualification for the tax ceiling
exemption, or tax freeze, and their municipal ad valorem taxes will remain fixed at that amount. Additionally, they
will not pay more but could potentially pay less if taxes are lowered.
PROPERTY TAX REDUCTION
The residents of Westlake voted to abolish the ½-% additional sales and use tax for economic and industrial
development, Section 4A, and to implement the ½-% local sales and use tax to be used to reduce the property tax
rate, effective October 1, 2006. Prior year’s sales tax revenues are used in calculating the current tax rates based
on the State Comptroller’s Truth-in-Taxation process. Current calculations of Westlake’s tax rate take these
revenues into consideration and have saved our residents approximately $0.133049 per $100 valuation.
80
81
82
83
Form developed by: Texas Comptroller of Public Accounts, Property Tax Assistance Division For additional copies, visit: comptroller.texas.gov/taxes/property-tax
50-856 • 6-24/11
Form 50-8562024 Tax Rate Calculation WorksheetTaxing Units Other Than School Districts or Water Districts
____________________________________________________________________________ ________________________________
Taxing Unit Name Phone (area code and number)
____________________________________________________________________________ ________________________________
Taxing Unit’s Address, City, State, ZIP Code Taxing Unit’s Website Address
GENERAL INFORMATION: Tax Code Section 26.04(c) requires an officer or employee designated by the governing body to calculate the no-new-revenue (NNR) tax rate and
voter-approval tax rate for the taxing unit. These tax rates are expressed in dollars per $100 of taxable value calculated. The calculation process starts after the chief appraiser
delivers to the taxing unit the certified appraisal roll and the estimated values of properties under protest. The designated officer or employee shall certify that the officer or
employee has accurately calculated the tax rates and used values shown for the certified appraisal roll or certified estimate. The officer or employee submits the rates to the
governing body by Aug. 7 or as soon thereafter as practicable.
School districts do not use this form, but instead use Comptroller Form 50-859 Tax Rate Calculation Worksheet, School District without Chapter 313 Agreements or Comptroller Form
50-884 Tax Rate Calculation Worksheet, School District with Chapter 313 Agreements.
Water districts as defined under Water Code Section 49.001(1) do not use this form, but instead use Comptroller Form 50-858 Water District Voter-Approval Tax Rate Worksheet for
Low Tax Rate and Developing Districts or Comptroller Form 50-860 Developed Water District Voter-Approval Tax Rate Worksheet.
The Comptroller’s office provides this worksheet to assist taxing units in determining tax rates. The information provided in this worksheet is offered as technical assistance and not
legal advice. Taxing units should consult legal counsel for interpretations of law regarding tax rate preparation and adoption.
SECTION 1: No-New-Revenue Tax Rate
The NNR tax rate enables the public to evaluate the relationship between taxes for the prior year and for the current year based on a tax rate that would produce the same amount
of taxes (no new taxes) if applied to the same properties that are taxed in both years. When appraisal values increase, the NNR tax rate should decrease.
The NNR tax rate for a county is the sum of the NNR tax rates calculated for each type of tax the county levies.
While uncommon, it is possible for a taxing unit to provide an exemption for only maintenance and operations taxes. In this case, the taxing unit will need to calculate the NNR tax
rate separately for the maintenance and operations tax and the debt tax, then add the two components together.
Line No-New-Revenue Tax Rate Worksheet Amount/Rate
1.Prior year total taxable value. Enter the amount of the prior year taxable value on the prior year tax roll today. Include any adjustments since last
year’s certification; exclude Tax Code Section 25.25(d) one-fourth and one-third over-appraisal corrections from these adjustments. Exclude any
property value subject to an appeal under Chapter 42 as of July 25 (will add undisputed value in Line 6). This total includes the taxable value of
homesteads with tax ceilings (will deduct in Line 2) and the captured value for tax increment financing (adjustment is made by deducting TIF taxes,
as reflected in Line 17).1 $ _____________
2.Prior year tax ceilings. Counties, cities and junior college districts. Enter the prior year total taxable value of homesteads with tax ceilings.
These include the homesteads of homeowners age 65 or older or disabled. Other taxing units enter 0. If your taxing unit adopted the tax ceiling
provision last year or a prior year for homeowners age 65 or older or disabled, use this step.2 $ _____________
3.Preliminary prior year adjusted taxable value. Subtract Line 2 from Line 1.$ _____________
4.Prior year total adopted tax rate.$ __________/$100
5.Prior year taxable value lost because court appeals of ARB decisions reduced the prior year’s appraised value.
A.Original prior year ARB values:....................................................................... $ _____________
B.Prior year values resulting from final court decisions:................................................ - $ _____________
C. Prior year value loss. Subtract B from A.3 $ _____________
6.Prior year taxable value subject to an appeal under Chapter 42, as of July 25.
A.Prior year ARB certified value: ....................................................................... $ _____________
B.Prior year disputed value:............................................................................ - $ _____________
C. Prior year undisputed value. Subtract B from A. 4 $ _____________
7.Prior year Chapter 42 related adjusted values. Add Line 5C and Line 6C.$ _____________
1 Tex. Tax Code §26.012(14)
2 Tex. Tax Code §26.012(14)
3 Tex. Tax Code §26.012(13)
4 Tex. Tax Code §26.012(13)
Town of Westlake
1500 Solana Boulevard, Bldg. 7, Ste 7200, Westlake, TX 76262 westlake-tx.org
2,327,356,472
239,874,811
2,087,481,661
0.167880
50,982,778
38,119,504
12,863,274
542,108,100
54,210,810
487,897,290
500,760,564
84
2024 Tax Rate Calculation Worksheet – Taxing Units Other Than School Districts or Water Districts Form 50-856
For additional copies, visit: comptroller.texas.gov/taxes/property-tax Page 2
Line No-New-Revenue Tax Rate Worksheet Amount/Rate
8.Prior year taxable value, adjusted for actual and potential court-ordered adjustments. Add Line 3 and Line 7.$ _____________
9.Prior year taxable value of property in territory the taxing unit deannexed after Jan. 1, 2023. Enter the prior year value of property in
deannexed territory. 5 $ _____________
10.Prior year taxable value lost because property first qualified for an exemption in the current year. If the taxing unit increased an original
exemption, use the difference between the original exempted amount and the increased exempted amount. Do not include value lost due to
freeport, goods-in-transit, temporary disaster exemptions. Note that lowering the amount or percentage of an existing exemption in the current
year does not create a new exemption or reduce taxable value.
A. Absolute exemptions. Use prior year market value: .................................................... $ _____________
B. Partial exemptions. Current year exemption amount or current year percentage exemption
times prior year value: ................................................................................. + $ _____________
C. Value loss. Add A and B. 6 $ _____________
11.Prior year taxable value lost because property first qualified for agricultural appraisal (1-d or 1-d-1), timber appraisal, recreational/
scenic appraisal or public access airport special appraisal in the current year. Use only properties that qualified for the first time in the cur-
rent year; do not use properties that qualified in the prior year.
A. Prior year market value:.............................................................................. $ _____________
B. Current year productivity or special appraised value:................................................ - $ _____________
C. Value loss. Subtract B from A. 7 $ _____________
12.Total adjustments for lost value. Add Lines 9, 10C and 11C.$ _____________
13.Prior year captured value of property in a TIF. Enter the total value of the prior year captured appraised value of property taxable by a tax-
ing unit in a tax increment financing zone for which the prior year taxes were deposited into the tax increment fund. 8 If the taxing unit has no
captured appraised value in line 18D, enter 0.$ _____________
14.Prior year total value. Subtract Line 12 and Line 13 from Line 8.$ _____________
15.Adjusted prior year total levy. Multiply Line 4 by Line 14 and divide by $100.$ _____________
16.Taxes refunded for years preceding the prior tax year. Enter the amount of taxes refunded by the taxing unit for tax years preceding the
prior tax year. Types of refunds include court decisions, Tax Code Section 25.25(b) and (c) corrections and Tax Code Section 31.11 payment
errors. Do not include refunds for the prior tax year. This line applies only to tax years preceding the prior tax year. 9 $ _____________
17.Adjusted prior year levy with refunds and TIF adjustment. Add Lines 15 and 16. 10 $ _____________
18.Total current year taxable value on the current year certified appraisal roll today. This value includes only certified values or certified esti-
mate of values and includes the total taxable value of homesteads with tax ceilings (will deduct in Line 20). These homesteads include home-
owners age 65 or older or disabled. 11
A. Certified values:...................................................................................... $ _____________
B. Counties: Include railroad rolling stock values certified by the Comptroller’s office: ....................... + $ _____________
C. Pollution control and energy storage system exemption: Deduct the value of property exempted
for the current tax year for the first time as pollution control or energy storage system property:........... - $ _____________
D. Tax increment financing: Deduct the current year captured appraised value of property taxable by a taxing
unit in a tax increment financing zone for which the current year taxes will be deposited into the tax increment
fund. Do not include any new property value that will be included in Line 23 below. 12 .................... - $ _____________
E. Total current year value. Add A and B, then subtract C and D.$ _____________
5 Tex. Tax Code §26.012(15)
6 Tex. Tax Code §26.012(15)
7 Tex. Tax Code §26.012(15)
8 Tex. Tax Code §26.03(c)
9 Tex. Tax Code §26.012(13)
10 Tex. Tax Code §26.012(13)
11 Tex. Tax Code §26.012, 26.04(c-2)
12 Tex. Tax Code §26.03(c)
2,588,242,225
9,734
0
3,086,017
3,086,017
0
0
0
3,095,751
0
2,585,146,474
4,339,943
119,632
4,459,575
2,458,319,613
0
0
2,458,319,613
85
2024 Tax Rate Calculation Worksheet – Taxing Units Other Than School Districts or Water Districts Form 50-856
For additional copies, visit: comptroller.texas.gov/taxes/property-tax Page 3
13 Tex. Tax Code §26.01(c) and (d)
14 Tex. Tax Code §26.01(c)
15 Tex. Tax Code §26.01(d)
16 Tex. Tax Code §26.012(6)(B)
17 Tex. Tax Code §26.012(6)
18 Tex. Tax Code §26.012(17)
19 Tex. Tax Code §26.012(17)
20 Tex. Tax Code §26.04(c)
21 Tex. Tax Code §26.04(d)
Line No-New-Revenue Tax Rate Worksheet Amount/Rate
19.Total value of properties under protest or not included on certified appraisal roll. 13
A.Current year taxable value of properties under protest. The chief appraiser certifies a list of properties still
under ARB protest. The list shows the appraisal district’s value and the taxpayer’s claimed value, if any,
or an estimate of the value if the taxpayer wins. For each of the properties under protest, use the lowest
of these values. Enter the total value under protest. 14.................................................... $ _____________
B.Current year value of properties not under protest or included on certified appraisal roll. The chief
appraiser gives taxing units a list of those taxable properties that the chief appraiser knows about but
are not included in the appraisal roll certification. These properties also are not on the list of properties
that are still under protest. On this list of properties, the chief appraiser includes the market value,
appraised value and exemptions for the preceding year and a reasonable estimate of the market value,
appraised value and exemptions for the current year. Use the lower market, appraised or taxable value
(as appropriate). Enter the total value of property not on the certified roll. 15 .............................. + $ _____________
C. Total value under protest or not certified. Add A and B.$ _____________
20.Current year tax ceilings. Counties, cities and junior colleges enter current year total taxable value of homesteads with tax ceilings. These
include the homesteads of homeowners age 65 or older or disabled. Other taxing units enter 0. If your taxing unit adopted the tax ceiling provi-
sion in the prior year or a previous year for homeowners age 65 or older or disabled, use this step.16 $ _____________
21.Current year total taxable value. Add Lines 18E and 19C. Subtract Line 20. 17 $ _____________
22.Total current year taxable value of properties in territory annexed after Jan. 1, of the prior year. Include both real and personal property.
Enter the current year value of property in territory annexed. 18 $ _____________
23.Total current year taxable value of new improvements and new personal property located in new improvements. New means the
item was not on the appraisal roll in the prior year. An improvement is a building, structure, fixture or fence erected on or affixed to land. New
additions to existing improvements may be included if the appraised value can be determined. New personal property in a new improvement
must have been brought into the taxing unit after Jan. 1, of the prior year and be located in a new improvement. New improvements do include
property on which a tax abatement agreement has expired for the current year. 19 $ _____________
24.Total adjustments to the current year taxable value. Add Lines 22 and 23.$ _____________
25.Adjusted current year taxable value. Subtract Line 24 from Line 21.$ _____________
26.Current year NNR tax rate. Divide Line 17 by Line 25 and multiply by $100. 20 $ __________/$100
27.COUNTIES ONLY. Add together the NNR tax rates for each type of tax the county levies. The total is the current year county NNR tax rate. 21 $ __________/$100
SECTION 2: Voter-Approval Tax Rate
The voter-approval tax rate is the highest tax rate that a taxing unit may adopt without holding an election to seek voter approval of the rate. The voter-approval tax rate is split
into two separate rates:
1. Maintenance and Operations (M&O) Tax Rate: The M&O portion is the tax rate that is needed to raise the same amount of taxes that the taxing unit levied in the prior year
plus the applicable percentage allowed by law. This rate accounts for such things as salaries, utilities and day-to-day operations.
2. Debt Rate: The debt rate includes the debt service necessary to pay the taxing unit’s debt payments in the coming year. This rate accounts for principal and interest on bonds
and other debt secured by property tax revenue.
The voter-approval tax rate for a county is the sum of the voter-approval tax rates calculated for each type of tax the county levies. In most cases the voter-approval tax rate
exceeds the no-new-revenue tax rate, but occasionally decreases in a taxing unit’s debt service will cause the NNR tax rate to be higher than the voter-approval tax rate.
Line Voter-Approval Tax Rate Worksheet Amount/Rate
28.Prior year M&O tax rate. Enter the prior year M&O tax rate.$ __________/$100
29.Prior year taxable value, adjusted for actual and potential court-ordered adjustments. Enter the amount in Line 8 of the No-New-Revenue
Tax Rate Worksheet.$ _____________
151,342,225
48,555,443
199,897,668
222,699,878
2,435,517,403
0
69,885,850
69,885,850
2,365,631,553
0.188515
0.091170
2,588,242,225
86
2024 Tax Rate Calculation Worksheet – Taxing Units Other Than School Districts or Water Districts Form 50-856
For additional copies, visit: comptroller.texas.gov/taxes/property-tax Page 4
Line Voter-Approval Tax Rate Worksheet Amount/Rate
30.Total prior year M&O levy. Multiply Line 28 by Line 29 and divide by $100.$ _____________
31.Adjusted prior year levy for calculating NNR M&O rate.
A. M&O taxes refunded for years preceding the prior tax year. Enter the amount of M&O taxes
refunded in the preceding year for taxes before that year. Types of refunds include court decisions,
Tax Code Section 25.25(b) and (c) corrections and Tax Code Section 31.11 payment errors. Do not
include refunds for tax year 2023. This line applies only to tax years preceding the prior tax year............ + $ _____________
B. Prior year taxes in TIF. Enter the amount of taxes paid into the tax increment fund for a reinvestment
zone as agreed by the taxing unit. If the taxing unit has no current year captured appraised value in
Line 18D, enter 0....................................................................................... – $ _____________
C. Prior year transferred function. If discontinuing all of a department, function or activity and
transferring it to another taxing unit by written contract, enter the amount spent by the taxing
unit discontinuing the function in the 12 months preceding the month of this calculation. If the
taxing unit did not operate this function for this 12-month period, use the amount spent in the last
full fiscal year in which the taxing unit operated the function. The taxing unit discontinuing the function
will subtract this amount in D below. The taxing unit receiving the function will add this amount in
D below. Other taxing units enter 0. .................................................................... +/- $ _____________
D. Prior year M&O levy adjustments. Subtract B from A. For taxing unit with C, subtract if
discontinuing function and add if receiving function..................................................... $ _____________
E. Add Line 30 to 31D.$ _____________
32.Adjusted current year taxable value. Enter the amount in Line 25 of the No-New-Revenue Tax Rate Worksheet.$ _____________
33.Current year NNR M&O rate (unadjusted). Divide Line 31E by Line 32 and multiply by $100.$ __________/$100
34.Rate adjustment for state criminal justice mandate. 23
A. Current year state criminal justice mandate. Enter the amount spent by a county in the previous 12 months
providing for the maintenance and operation cost of keeping inmates in county-paid facilities after they
have been sentenced. Do not include any state reimbursement received by the county for the same purpose. $ _____________
B. Prior year state criminal justice mandate. Enter the amount spent by a county in the 12 months prior to
the previous 12 months providing for the maintenance and operation cost of keeping inmates in
county-paid facilities after they have been sentenced. Do not include any state reimbursement received
by the county for the same purpose. Enter zero if this is the first time the mandate applies................. – $ _____________
C. Subtract B from A and divide by Line 32 and multiply by $100............................................ $ __________/$100
D. Enter the rate calculated in C. If not applicable, enter 0.$ __________/$100
35.Rate adjustment for indigent health care expenditures. 24
A. Current year indigent health care expenditures. Enter the amount paid by a taxing unit providing for the
maintenance and operation cost of providing indigent health care for the period beginning on
July 1, of the prior tax year and ending on June 30, of the current tax year, less any state assistance received
for the same purpose................................................................................... $ _____________
B. Prior year indigent health care expenditures. Enter the amount paid by a taxing unit providing for
the maintenance and operation cost of providing indigent health care for the period beginning
on July 1, 2022 and ending on June 30, 2023, less any state assistance received
for the same purpose................................................................................... – $ _____________
C. Subtract B from A and divide by Line 32 and multiply by $100............................................ $ __________/$100
D. Enter the rate calculated in C. If not applicable, enter 0.$ __________/$100
22 [Reserved for expansion]
23 Tex. Tax Code §26.044
24 Tex. Tax Code §26.0441
2,359,700
74,714
0
0
74,714
2,434,414
2,365,631,553
0.102907
0
0
0.000000
0.000000
0
0
0.000000
0.000000
87
2024 Tax Rate Calculation Worksheet – Taxing Units Other Than School Districts or Water Districts Form 50-856
For additional copies, visit: comptroller.texas.gov/taxes/property-tax Page 5
Line Voter-Approval Tax Rate Worksheet Amount/Rate
36.Rate adjustment for county indigent defense compensation. 25
A.Current year indigent defense compensation expenditures. Enter the amount paid by a county to provide
appointed counsel for indigent individuals and fund the operations of a public defender’s office under
Article 26.044, Code of Criminal Procedure for the period beginning on July 1, of the prior tax year and ending on
June 30,of the current tax year, less any state grants received by the county for the same purpose.......... $ _____________
B.Prior year indigent defense compensation expenditures. Enter the amount paid by a county to provide
appointed counsel for indigent individuals and fund the operations of a public defender’s office under
Article 26.044, Code of Criminal Procedure for the period beginning on July 1, 2022 and ending on
June 30, 2023, less any state grants received by the county for the same purpose.......................... $ _____________
C. Subtract B from A and divide by Line 32 and multiply by $100............................................ $ __________/$100
D.Multiply B by 0.05 and divide by Line 32 and multiply by $100............................................ $ __________/$100
E. Enter the lesser of C and D. If not applicable, enter 0.$ __________/$100
37.Rate adjustment for county hospital expenditures. 26
A.Current year eligible county hospital expenditures. Enter the amount paid by the county or municipality
to maintain and operate an eligible county hospital for the period beginning on July 1, of the prior tax year and
ending on June 30, of the current tax year............................................................... $ _____________
B.Prior year eligible county hospital expenditures. Enter the amount paid by the county or municipality
to maintain and operate an eligible county hospital for the period beginning on July 1, 2022 and
ending on June 30, 2023. .............................................................................. $ _____________
C. Subtract B from A and divide by Line 32 and multiply by $100............................................ $ __________/$100
D.Multiply B by 0.08 and divide by Line 32 and multiply by $100............................................ $ __________/$100
E. Enter the lesser of C and D, if applicable. If not applicable, enter 0.$ __________/$100
38.Rate adjustment for defunding municipality. This adjustment only applies to a municipality that is considered to be a defunding municipal-
ity for the current tax year under Chapter 109, Local Government Code. Chapter 109, Local Government Code only applies to municipalities with
a population of more than 250,000 and includes a written determination by the Office of the Governor. See Tax Code Section 26.0444 for more
information.
A.Amount appropriated for public safety in the prior year. Enter the amount of money appropriated for
public safety in the budget adopted by the municipality for the preceding fiscal year...................... $ _____________
B.Expenditures for public safety in the prior year. Enter the amount of money spent by the municipality
for public safety during the preceding fiscal year ........................................................ $ _____________
C. Subtract B from A and divide by Line 32 and multiply by $100 ........................................... $ __________/$100
D.Enter the rate calculated in C. If not applicable, enter 0.$ __________/$100
39.Adjusted current year NNR M&O rate. Add Lines 33, 34D, 35D, 36E, and 37E. Subtract Line 38D.$ __________/$100
40.Adjustment for prior year sales tax specifically to reduce property taxes. Cities, counties and hospital districts that collected and spent
additional sales tax on M&O expenses in the prior year should complete this line. These entities will deduct the sales tax gain rate for the current
year in Section 3. Other taxing units, enter zero.
A.Enter the amount of additional sales tax collected and spent on M&O expenses in the prior year, if any.
Counties must exclude any amount that was spent for economic development grants from the amount
of sales tax spent ...................................................................................... $ _____________
B.Divide Line 40A by Line 32 and multiply by $100 ........................................................ $ __________/$100
C. Add Line 40B to Line 39.$ __________/$100
41.Current year voter-approval M&O rate. Enter the rate as calculated by the appropriate scenario below.
Special Taxing Unit. If the taxing unit qualifies as a special taxing unit, multiply Line 40C by 1.08.
- or -
Other Taxing Unit. If the taxing unit does not qualify as a special taxing unit, multiply Line 40C by 1.035.$ __________/$100
25 Tex. Tax Code §26.0442
26 Tex. Tax Code §26.0443
0
0
0.000000
0.000000
0.000000
0
0
0.000000
0.000000
0.000000
0
0
0.000000
0.000000
0.102907
3,414,018
0.144317
0.247224
0.255876
88
2024 Tax Rate Calculation Worksheet – Taxing Units Other Than School Districts or Water Districts Form 50-856
For additional copies, visit: comptroller.texas.gov/taxes/property-tax Page 6
Line Voter-Approval Tax Rate Worksheet Amount/Rate
D41.Disaster Line 41 (D41): Current year voter-approval M&O rate for taxing unit affected by disaster declaration. If the taxing unit is
located in an area declared a disaster area and at least one person is granted an exemption under Tax Code Section 11.35 for property located
in the taxing unit, the governing body may direct the person calculating the voter-approval tax rate to calculate in the manner provided for a
special taxing unit. The taxing unit shall continue to calculate the voter-approval tax rate in this manner until the earlier of:
1) the first year in which total taxable value on the certified appraisal roll exceeds the total taxable value of
the tax year in which the disaster occurred; or
2) the third tax year after the tax year in which the disaster occurred.
If the taxing unit qualifies under this scenario, multiply Line 40C by 1.08. 27 If the taxing unit does not qualify, do not complete
Disaster Line 41 (Line D41).$ __________/$100
42.Total current year debt to be paid with property taxes and additional sales tax revenue. Debt means the interest and principal that will
be paid on debts that:
(1)are paid by property taxes;
(2)are secured by property taxes;
(3)are scheduled for payment over a period longer than one year; and
(4)are not classified in the taxing unit’s budget as M&O expenses.
A.Debt also includes contractual payments to other taxing units that have incurred debts on behalf of this taxing unit, if those debts
meet the four conditions above. Include only amounts that will be paid from property tax revenue. Do not include appraisal district
budget payments. If the governing body of a taxing unit authorized or agreed to authorize a bond, warrant, certificate of obligation, or
other evidence of indebtedness on or after Sept. 1, 2021, verify if it meets the amended definition of debt before including it here. 28
Enter debt amount .................................................................................... $ _____________
B.Subtract unencumbered fund amount used to reduce total debt. ...................................... – $ _____________
C. Subtract certified amount spent from sales tax to reduce debt (enter zero if none) .................... – $ _____________
D.Subtract amount paid from other resources ............................................................ – $ _____________
E. Adjusted debt. Subtract B, C and D from A.$ _____________
43.Certified prior year excess debt collections. Enter the amount certified by the collector. 29 $ _____________
44.Adjusted current year debt. Subtract Line 43 from Line 42E.$ _____________
45.Current year anticipated collection rate.
A.Enter the current year anticipated collection rate certified by the collector. 30.............................. ____________%
B.Enter the prior year actual collection rate................................................................ ____________%
C. Enter the 2022 actual collection rate. ................................................................... ____________%
D.Enter the 2021 actual collection rate. ................................................................... ____________%
E. If the anticipated collection rate in A is lower than actual collection rates in B, C and D, enter the lowest
collection rate from B, C and D. If the anticipated rate in A is higher than at least one of the rates in the
prior three years, enter the rate from A. Note that the rate can be greater than 100%. 31 ____________%
46.Current year debt adjusted for collections. Divide Line 44 by Line 45E.$ _____________
47.Current year total taxable value. Enter the amount on Line 21 of the No-New-Revenue Tax Rate Worksheet.$ _____________
48.Current year debt rate. Divide Line 46 by Line 47 and multiply by $100.$ __________/$100
49.Current year voter-approval M&O rate plus current year debt rate. Add Lines 41 and 48.$ __________/$100
D49.Disaster Line 49 (D49): Current year voter-approval tax rate for taxing unit affected by disaster declaration. Complete this line if the
taxing unit calculated the voter-approval tax rate in the manner provided for a special taxing unit on Line D41.
Add Line D41 and 48.$ __________/$100
27 Tex. Tax Code §26.042(a)
28 Tex. Tax Code §26.012(7)
29 Tex. Tax Code §26.012(10) and 26.04(b)
30 Tex. Tax Code §26.04(b)
31 Tex. Tax Code §§26.04(h), (h-1) and (h-2)
0.000000
4,238,706
0
0
3,001,012
1,237,694
121,382
1,116,312
100.00
99.29
101.01
100.45
100.00
1,116,312
2,435,517,403
0.045834
0.301710
0.000000
89
2024 Tax Rate Calculation Worksheet – Taxing Units Other Than School Districts or Water Districts Form 50-856
For additional copies, visit: comptroller.texas.gov/taxes/property-tax Page 7
32 Tex. Tax Code §26.041(d)
33 Tex. Tax Code §26.041(i)
34 Tex. Tax Code §26.041(d)
35 Tex. Tax Code §26.04(c)
36 Tex. Tax Code §26.04(c)
37 Tex. Tax Code §26.045(d)
38 Tex. Tax Code §26.045(i)
Line Voter-Approval Tax Rate Worksheet Amount/Rate
50.COUNTIES ONLY. Add together the voter-approval tax rates for each type of tax the county levies. The total is the current year county voter-approv-
al tax rate.$ __________/$100
SECTION 3: NNR Tax Rate and Voter-Approval Tax Rate Adjustments for Additional Sales Tax to Reduce Property Taxes
Cities, counties and hospital districts may levy a sales tax specifically to reduce property taxes. Local voters by election must approve imposing or abolishing the additional sales
tax. If approved, the taxing unit must reduce its NNR and voter-approval tax rates to offset the expected sales tax revenue.
This section should only be completed by a county, city or hospital district that is required to adjust its NNR tax rate and/or voter-approval tax rate because it adopted the
additional sales tax.
Line Additional Sales and Use Tax Worksheet Amount/Rate
51.Taxable Sales. For taxing units that adopted the sales tax in November of the prior tax year or May of the current tax year, enter the
Comptroller’s estimate of taxable sales for the previous four quarters. 32 Estimates of taxable sales may be obtained through the Comptroller’s
Allocation Historical Summary webpage.
Taxing units that adopted the sales tax before November of the prior year, enter 0.$ _____________
52.Estimated sales tax revenue. Counties exclude any amount that is or will be spent for economic development grants from the amount of esti-
mated sales tax revenue. 33
Taxing units that adopted the sales tax in November of the prior tax year or in May of the current tax year. Multiply the amount on
Line 51 by the sales tax rate (.01, .005 or .0025, as applicable) and multiply the result by .95. 34
- or -
Taxing units that adopted the sales tax before November of the prior year. Enter the sales tax revenue for the previous four quarters.
Do not multiply by .95.$ _____________
53.Current year total taxable value. Enter the amount from Line 21 of the No-New-Revenue Tax Rate Worksheet.$ _____________
54.Sales tax adjustment rate. Divide Line 52 by Line 53 and multiply by $100.$ __________/$100
55.Current year NNR tax rate, unadjusted for sales tax.35 Enter the rate from Line 26 or 27, as applicable, on the No-New-Revenue Tax Rate
Worksheet.$ __________/$100
56.Current year NNR tax rate, adjusted for sales tax.
Taxing units that adopted the sales tax in November the prior tax year or in May of the current tax year. Subtract Line 54 from Line
55. Skip to Line 57 if you adopted the additional sales tax before November of the prior tax year.$ __________/$100
57.Current year voter-approval tax rate, unadjusted for sales tax.36 Enter the rate from Line 49, Line D49 (disaster) or Line 50 (counties) as
applicable, of the Voter-Approval Tax Rate Worksheet.$ __________/$100
58.Current year voter-approval tax rate, adjusted for sales tax. Subtract Line 54 from Line 57.$ __________/$100
SECTION 4: Voter-Approval Tax Rate Adjustment for Pollution Control
A taxing unit may raise its rate for M&O funds used to pay for a facility, device or method for the control of air, water or land pollution. This includes any land, structure, building,
installation, excavation, machinery, equipment or device that is used, constructed, acquired or installed wholly or partly to meet or exceed pollution control requirements. The
taxing unit’s expenses are those necessary to meet the requirements of a permit issued by the Texas Commission on Environmental Quality (TCEQ). The taxing unit must provide
the tax assessor with a copy of the TCEQ letter of determination that states the portion of the cost of the installation for pollution control.
This section should only be completed by a taxing unit that uses M&O funds to pay for a facility, device or method for the control of air, water or land pollution.
Line Voter-Approval Rate Adjustment for Pollution Control Requirements Worksheet Amount/Rate
59.Certified expenses from the Texas Commission on Environmental Quality (TCEQ). Enter the amount certified in the determination letter
from TCEQ. 37 The taxing unit shall provide its tax assessor-collector with a copy of the letter. 38 $ _____________
60.Current year total taxable value. Enter the amount from Line 21 of the No-New-Revenue Tax Rate Worksheet.$ _____________
61.Additional rate for pollution control. Divide Line 59 by Line 60 and multiply by $100.$ __________/$100
0.000000
0
3,240,447
2,435,517,403
0.133049
0.188515
0.188515
0.301710
0.168661
0
2,435,517,403
0.000000
90
2024 Tax Rate Calculation Worksheet – Taxing Units Other Than School Districts or Water Districts Form 50-856
For additional copies, visit: comptroller.texas.gov/taxes/property-tax Page 8
Line Voter-Approval Rate Adjustment for Pollution Control Requirements Worksheet Amount/Rate
62.Current year voter-approval tax rate, adjusted for pollution control. Add Line 61 to one of the following lines (as applicable): Line 49, Line
D49 (disaster), Line 50 (counties) or Line 58 (taxing units with the additional sales tax).$ __________/$100
SECTION 5: Voter-Approval Tax Rate Adjustment for Unused Increment Rate
The unused increment rate is the rate equal to the sum of the prior 3 years Foregone Revenue Amounts divided by the current taxable value. 39 The Foregone Revenue Amount for each
year is equal to that year’s adopted tax rate subtracted from that year’s voter-approval tax rate adjusted to remove the unused increment rate multiplied by that year’s current total
value. 40
The difference between the adopted tax rate and adjusted voter-approval tax rate is considered zero in the following scenarios:
• a tax year in which a taxing unit affected by a disaster declaration calculates the tax rate under Tax Code Section 26.042; 41
• a tax year in which the municipality is a defunding municipality, as defined by Tax Code Section 26.0501(a); 42 or
• after Jan. 1, 2022, a tax year in which the comptroller determines that the county implemented a budget reduction or reallocation described by Local Government Code
Section 120.002(a) without the required voter approval. 43
This section should only be completed by a taxing unit that does not meet the definition of a special taxing unit. 44
Line Unused Increment Rate Worksheet Amount/Rate
63.Year 3 Foregone Revenue Amount. Subtract the 2023 unused increment rate and 2023 actual tax rate from the 2023 voter-approval
tax rate. Multiply the result by the 2023 current total value
A. Voter-approval tax rate (Line 67).....................................................................................................
B. Unused increment rate (Line 66).....................................................................................................
C. Subtract B from A ...................................................................................................................
D. Adopted Tax Rate ...................................................................................................................
E. Subtract D from C ...................................................................................................................
F. 2023 Total Taxable Value (Line 60)....................................................................................................
G. Multiply E by F and divide the results by $100. If the number is less than zero, enter zero................................................
$ __________/$100
$ __________/$100
$ __________/$100
$ __________/$100
$ __________/$100
$ _____________
$ _____________
64.Year 2 Foregone Revenue Amount. Subtract the 2022 unused increment rate and 2022 actual tax rate from the 2022 voter-approval
tax rate. Multiply the result by the 2022 current total value
A. Voter-approval tax rate (Line 67).....................................................................................................
B. Unused increment rate (Line 66).....................................................................................................
C. Subtract B from A ...................................................................................................................
D. Adopted Tax Rate ...................................................................................................................
E. Subtract D from C ...................................................................................................................
F. 2022 Total Taxable Value (Line 60)....................................................................................................
G. Multiply E by F and divide the results by $100. If the number is less than zero, enter zero................................................
$ __________/$100
$ __________/$100
$ __________/$100
$ __________/$100
$ __________/$100
$ _____________
$ _____________
65.Year 1 Foregone Revenue Amount. Subtract the 2021 unused increment rate and 2021 actual tax rate from the 2021 voter-approval
tax rate. Multiply the result by the 2021 current total value
A. Voter-approval tax rate (Line 67).....................................................................................................
B. Unused increment rate (Line 66).....................................................................................................
C. Subtract B from A ...................................................................................................................
D. Adopted Tax Rate ...................................................................................................................
E. Subtract D from C ...................................................................................................................
F. 2021 Total Taxable Value (Line 60)....................................................................................................
G. Multiply E by F and divide the results by $100. If the number is less than zero, enter zero................................................
$ __________/$100
$ __________/$100
$ __________/$100
$ __________/$100
$ __________/$100
$ _____________
$ _____________
66.Total Foregone Revenue Amount. Add Lines 63G, 64G and 65G $ __________/$100
67.2024 Unused Increment Rate. Divide Line 66 by Line 21 of the No-New-Revenue Rate Worksheet. Multiply the result by 100 $ __________/$100
68.Total 2024 voter-approval tax rate, including the unused increment rate. Add Line 67 to one of the following lines (as applicable): Line 49,
Line 50 (counties), Line 58 (taxing units with additional sales tax) or Line 62 (taxing units with pollution)$ __________/$100
39 Tex. Tax Code §26.013(b)
40 Tex. Tax Code §26.013(a)(1-a), (1-b), and (2)
41 Tex. Tax Code §§26.04(c)(2)(A) and 26.042(a)
42 Tex. Tax Code §§26.0501(a) and (c)
43 Tex. Local Gov’t Code §120.007(d)
44 Tex. Local Gov’t Code §120.007(d)
0.168661
0.187860
0.000000
0.187860
0.167880
0.019980
2,243,124,027
448,176
0.150980
0.053940
0.097040
0.167880
-0.070840
1,910,303,777
0
0.221810
0.019180
0.202630
0.167880
0.034750
1,656,141,448
575,509
1,023,685
0.042031
0.210692
91
2024 Tax Rate Calculation Worksheet – Taxing Units Other Than School Districts or Water Districts Form 50-856
For additional copies, visit: comptroller.texas.gov/taxes/property-tax Page 9
SECTION 6: De Minimis Rate
The de minimis rate is the rate equal to the sum of the no-new-revenue maintenance and operations rate, the rate that will raise $500,000, and the current debt rate for a taxing unit. 44
This section should only be completed by a taxing unit that is a municipality of less than 30,000 or a taxing unit that does not meet the definition of a special taxing unit. 45
Line De Minimis Rate Worksheet Amount/Rate
69.Adjusted current year NNR M&O tax rate. Enter the rate from Line 39 of the Voter-Approval Tax Rate Worksheet.$ __________/$100
70.Current year total taxable value. Enter the amount on Line 21 of the No-New-Revenue Tax Rate Worksheet.$ _____________
71.Rate necessary to impose $500,000 in taxes. Divide $500,000 by Line 70 and multiply by $100.$ __________/$100
72.Current year debt rate. Enter the rate from Line 48 of the Voter-Approval Tax Rate Worksheet.$ __________/$100
73.De minimis rate. Add Lines 69, 71 and 72.$ __________/$100
SECTION 7: Voter-Approval Tax Rate Adjustment for Emergency Revenue Rate
In the tax year after the end of the disaster calculation time period detailed in Tax Code Section 26.042(a), a taxing unit that calculated its voter-approval tax rate in the manner
provided for a special taxing unit due to a disaster must calculate its emergency revenue rate and reduce its voter-approval tax rate for that year.48
Similarly, if a taxing unit adopted a tax rate that exceeded its voter-approval tax rate, calculated normally, without holding an election to respond to a disaster, as allowed by Tax
Code Section 26.042(d), in the prior year, it must also reduce its voter-approval tax rate for the current tax year. 49
This section will apply to a taxing unit other than a special taxing unit that:
• directed the designated officer or employee to calculate the voter-approval tax rate of the taxing unit in the manner provided for a special taxing unit in the prior year; and
• the current year is the first tax year in which the total taxable value of property taxable by the taxing unit as shown on the appraisal roll for the taxing unit submitted by the
assessor for the taxing unit to the governing body exceeds the total taxable value of property taxable by the taxing unit on January 1 of the tax year in which the disaster
occurred or the disaster occurred four years ago.This section will apply to a taxing unit in a disaster area that adopted a tax rate greater than its voter-approval tax rate
without holding an election in the prior year.
Note: This section does not apply if a taxing unit is continuing to calculate its voter-approval tax rate in the manner provided for a special taxing unit because it is still within the
disaster calculation time period detailed in Tax Code Section 26.042(a) because it has not met the conditions in Tax Code Section 26.042(a)(1) or (2).
Line Emergency Revenue Rate Worksheet Amount/Rate
74.2023 adopted tax rate. Enter the rate in Line 4 of the No-New-Revenue Tax Rate Worksheet.$ __________/$100
75.Adjusted 2023 voter-approval tax rate. Use the taxing unit’s Tax Rate Calculation Worksheets from the prior year(s) to complete this line.
If a disaster occurred in 2023 and the taxing unit calculated its 2023 voter-approval tax rate using a multiplier of 1.08 on Disaster Line 41 (D41)
of the 2023 worksheet due to a disaster, complete the applicable sections or lines of Form 50-856-a, Adjusted Voter-Approval Tax Rate for Taxing
Units in Disaster Area Calculation Worksheet.
- or -
If a disaster occurred prior to 2023 for which the taxing unit continued to calculate its voter-approval tax rate using a multiplier of 1.08 on
Disaster Line 41 (D41) in 2023, complete form 50-856-a, Adjusted Voter-Approval Tax Rate for Taxing Units in Disaster Area Calculation Worksheet to
recalculate the voter-approval tax rate the taxing unit would have calculated in 2023 if it had generated revenue based on an adopted tax rate
using a multiplier of 1.035 in the years following the disaster. 50 Enter the final adjusted 2023 voter-approval tax rate from the worksheet.
- or -
If the taxing unit adopted a tax rate above the 2023 voter-approval tax rate without calculating a disaster tax rate or holding an election due to
a disaster, no recalculation is necessary. Enter the voter-approval tax rate from the prior year’s worksheet.$ __________/$100
76.Increase in 2023 tax rate due to disaster. Subtract Line 75 from Line 74.$ __________/$100
77.Adjusted 2023 taxable value. Enter the amount in Line 14 of the No-New-Revenue Tax Rate Worksheet.$ _____________
78.Emergency revenue. Multiply Line 76 by Line 77 and divide by $100.$ _____________
79.Adjusted 2023 taxable value. Enter the amount in Line 25 of the No-New-Revenue Tax Rate Worksheet.$ _____________
80.Emergency revenue rate. Divide Line 78 by Line 79 and multiply by $100. 51 $ __________/$100
45 Tex. Tax Code §26.04(c)(2)(B)
46 Tex. Tax Code §26.012(8-a)
47 Tex. Tax Code §26.063(a)(1)
48 Tex. Tax Code §26.042(b)
49 Tex. Tax Code §26.042(f)
50 Tex. Tax Code §26.042(c)
51 Tex. Tax Code §26.042(b)
0.102907
2,435,517,403
0.020529
0.045834
0.169270
0.167880
0.000000
0.000000
2,585,146,474
0
2,365,631,553
0.000000
92
2024 Tax Rate Calculation Worksheet – Taxing Units Other Than School Districts or Water Districts Form 50-856
For additional copies, visit: comptroller.texas.gov/taxes/property-tax Page 10
Line Emergency Revenue Rate Worksheet Amount/Rate
81.Current year voter-approval tax rate, adjusted for emergency revenue. Subtract Line 80 from one of the following lines (as applicable):
Line 49, Line D49 (disaster), Line 50 (counties), Line 58 (taxing units with the additional sales tax), Line 62 (taxing units with pollution control) or
Line 68 (taxing units with the unused increment rate).$ __________/$100
SECTION 8: Total Tax Rate
Indicate the applicable total tax rates as calculated above.
No-new-revenue tax rate. ................................................................................................................ $ __________/$100
As applicable, enter the current year NNR tax rate from: Line 26, Line 27 (counties), or Line 56 (adjusted for sales tax).
Indicate the line number used: ______
Voter-approval tax rate ................................................................................................................... $ __________/$100
As applicable, enter the current year voter-approval tax rate from: Line 49, Line D49 (disaster), Line 50 (counties), Line 58 (adjusted for sales tax),
Line 62 (adjusted for pollution control), Line 68 (adjusted for unused increment), or Line 81 (adjusted for emergency revenue).
Indicate the line number used: ______
De minimis rate........................................................................................................................... $ __________/$100
If applicable, enter the current year de minimis rate from Line 73.
SECTION 9: Taxing Unit Representative Name and Signature
Enter the name of the person preparing the tax rate as authorized by the governing body of the taxing unit. By signing below, you certify that you are the designated officer or
employee of the taxing unit and have accurately calculated the tax rates using values that are the same as the values shown in the taxing unit’s certified appraisal roll or certified
estimate of taxable value, in accordance with requirements in the Tax Code. 52
____________________________________________________________
Printed Name of Taxing Unit Representative
____________________________________________________________ ________________________________________
Taxing Unit Representative Date
52 Tex. Tax Code §§26.04(c-2) and (d-2)
0.210692
0.188515
26
0.210692
68
0.169270
Wendy Burgess
8/5/2024
93
GLOSSARY OF TERMS
Account: A separate financial reporting unit for budgeting, management, or accounting purposes. All budgetary
transactions, whether revenue or expenditure, are recorded in accounts.
Activity: A service performed by a department or division.
Accounts Payable: A liability account reflecting amount of open accounts owed to private persons or organizations
for goods and services received by a government (but not including amounts due to other funds of the same
government or to other governments).
Accounts Receivable: An asset account reflecting amounts owed to open accounts from private persons or
organizations for goods or services furnished by the government.
Accrual Accounting: Recognition of the financial effects of transactions, events, and circumstances in the period(s)
when they occur regardless of when the cash is received or paid.
Adopted Budget: The budget initially approved by the Town Council. The adopted budget is authorized by
ordinance and sets the legal spending limits for the fiscal year.
Ad Valorem Tax: A tax based on value (e.g., a property tax)
Allocation: A part of a lump sum amount, which is designated for expenditure by specific organization units and/or
for special purposes, activities, or objects.
Amortization: Payment of principal plus interest over a fixed period.
Annual Comprehensive Financial Report (ACFR): This report summarizes financial data for the previous fiscal year
in a standardized format.
Appraised Value: Either the market value or value determined by using another method of valuation according to
the Property Tax Code Chapter 23.
Appropriation: An authorization made by the legislative body of a government, which permits officials to incur
obligations against and to make expenditures of governmental resources. Specific appropriations are usually made
at the fund level and are granted for a one-year period.
Appropriation Ordinance: The official enactment by the legislative body establishing legal authority for officials
to obligate and expend resources.
Assets: Resources owned or held by the Town which have monetary value.
Assessed Valuation: A value that is established for real or personal property for use as a basis for levying property
taxes.
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Audit: An examination, usually by an official or a private accounting firm retained by the Town Council, of
organization financial statements and the utilization of resources.
Balance Sheet: The basic financial statement, which discloses the assets, liability, and equities of an entity at a
specific date in conformity with General Accepted Accounting Principles.
Balanced Budget: A budget adopted by the Town Council and authorized by resolution where the proposed
expenditures are equal to or less than the proposed revenues plus fund balances.
Basis of Accounting: A term used to refer to when revenue, expenditures, expenses, and transfers – and related
assets and liabilities – are recognized in the accounts and reported in the Town’s financial statements.
Bond: A written promise to pay a specified sum of money, called the face sum of money, called the principal
amount, at a specified date or dates in the future, called the maturity date(s), together with periodic interest at a
specified rate.
Bond Covenant: A legally enforceable agreement with bondholders that requires the governmental agency selling
the bond to meet certain conditions in the repayment of the debt.
Bond Ordinance: A law approving the sale of bonds that specifies how proceeds may be spent.
Bond Funds: Resources derived from issuance of bonds for financing capital improvements.
Budget: The Town's financial plan for a specific fiscal year that contains an estimate of proposed expenditures and
the proposed means of financing them.
Budget Amendment: A revision of the adopted budget that, when approved by the Council, replaces the original
provision.
Budget Calendar: Schedule of key dates which the Town follows in the preparation and adoption of the budget.
Budget Document: Instrument used by the budget-making authority to present a comprehensive financial plan of
operations to the Town Council.
Budgetary Control: The control or management of the organization in accordance with an approved budget for
keeping expenditures within the limitations of available appropriations and revenues.
Capital Expenditures: Any major non-recurring expenditure or expenditure for facilities, including additions or
major alterations, construction of highways or utility lines, fixed equipment, infrastructure or similar expenditures.
Cash Basis: A basis of accounting under which transactions are recognized when cash changes hand.
Certificates of Obligations (CO): Similar to general obligation bonds except certificates require no voter approval.
Contingency: A budgetary reserve set aside for emergencies or unforeseen expenditures not otherwise budgeted.
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Contractual Services: The costs related to services performed for the Town by individuals, businesses, or utilities.
Cost: The amount of money or other consideration exchanged for property or services. Cost may be incurred
before money is paid; that is, as soon as liability is incurred.
Council: The Mayor and five council members collectively acting as the legislative and policymaking body of the
Town. Additionally, the Council serves as the Board of Trustees for Westlake Academy.
Current Assets: Those assets which are available or can be made readily available to finance current operations
or to pay current liabilities. Those assets which will be used up or converted into cash within one year. Some
examples are cash, temporary investments, and accounts receivable collected within one year.
Current Liabilities: Debt or other legal obligation arising out of transactions in the past which must be liquidated,
renewed, or refunded within one year.
Debt Service Fund: A fund used to account for the moneys set aside for the payment of interest and principal to
holders of the Town's general obligation and revenue bonds, the sale of which finances long-term capital
improvements, such as facilities, streets and drainage, parks, and water/wastewater systems.
Deficit: The excess of expenditures over revenues during an accounting period; or, in the case of proprietary funds,
the excess of expense over income during an accounting period.
Department: A major administrative division of the Town that indicates overall management responsibility for an
operation or a group of related operations within a functional area.
Depreciation: Change in the value of assets (equipment, buildings, etc. with a useful life of 5 years or more) due
to the use of the asset.
Encumbrances: The commitment of appropriated funds to purchase an item or service.
Enterprise Fund: A fund established to account for operations that are financed and operated in a manner similar
to private business enterprises – where the intent of the governing body is that the costs of providing goods or
services to the general public on a continuing basis be financed or recovered primarily through user charges.
Excess Fund Balance: The excess of a fund’s current assets over its current liabilities and required reserve limits.
Exempt: Personnel not eligible to receive overtime pay and who are expected to work whatever hours are
necessary to complete their job assignments.
Expenditures: Outflow or non-enterprise funds paid or to be paid for an asset obtained or goods and services
obtained.
Expenses: Outflow of enterprise funds paid or to be paid for an asset obtained or goods and services obtained.
Fiscal Policy: The Town’s policies with response to spending and debt management as they relate to government
services, programs, and capital investments.
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Fiscal Year: A 12-month period to which the annual operating budget applies and at the end of which a
government determines its financial position and the result of its operations. The Town of Westlake’s fiscal year
begins each October 1st and ends the following September 30th.
Fixed Assets: Assets of a long-term character, which are intended to continue to be held or used, such as land,
buildings, improvements other than buildings, machinery, and equipment.
Franchise Fee: A fee levied by the Town Council on businesses that use Town property or right-of-way. This fee is
usually charged as a percentage of gross receipts.
Full-Time Equivalent (FTE): The measure of authorized personnel often referred to as worker-years. The full-time
equivalent of 1 person (1 FTE) approximately represents 2080 hours of work per year; for firefighters, the annual
hourly equivalent is 2912 hours.
Fund: A fiscal and accounting entity with a self-balancing set of accounts recording cash and other financial
resources, together with all related liabilities and residual equities or balances, and changes therein, which are
segregated for the purpose of carrying on specific activities or attaining certain objectives in accordance with
special regulations, restrictions, or limitations.
Fund Accounting: A governmental accounting system that is organized and operated on a fund basis.
Fund Balance: The excess of a fund's current assets over its current liabilities, sometimes called working capital
or fund equity.
Generally Accepted Accounting Principles (GAAP): Uniform minimum standards and guidelines for financial
accounting and reporting. They govern the form and content of the financial statements of an entity. GAAP
encompass the conventions, rules and procedures necessary to define accepted accounting practice at a time.
They include not only broad guidelines of general applications but also detailed practices and procedures. GAAP
provide a standard by which to measure financial presentations.
General Fund: The fund used to account for all financial resources except those required to be accounted for in
another fund. The General Fund is tax-supported.
General Obligation Bonds (GO): Bonds sold and guaranteed by the Town, in which the full faith and credit of the
Town is pledged for repayment. Issuance requires voter approval.
Governmental Funds: The funds through which most governmental functions typically are financed. The
acquisition, use, and financial resources and the related current liabilities are accounted for through governmental
funds (General, Special Revenue, Capital Projects, and Debt Service Funds).
Goal: Generalized statements of where an organization desires to be at some future time regarding certain
operating elements (e.g. financial condition, service levels provided, etc.).
Grant: A contribution by a government or other organization to support a function. Typically, these contributions
are made to local governments from state or federal governments.
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Infrastructure: Basic public investments such as streets, storm drainage, water and sewer lines, streetlights and
sidewalks.
Inter-fund Transfer: The transfer of money from one fund to another.
Investments: Securities and real estate held to produce revenues in the form of interest, dividends, rentals, or
lease payments.
Insurance Service Office (ISO): The system to determine the rating of a fire department. A scale of 1 to 10, with 1
being the best score. This ISO rating schedule examines many factors relating to local fire departments, especially
focusing on training and equipment, and examines the locations of the fire stations in the community.
Levy: To impose taxes, special assessments, or service charges for the support of Town activities. Also, the amount
of tax for an individual property or the sum of all individual amounts of tax.
Liabilities: Probably future sacrifices of economic benefits arising from present obligations of an entity to transfer
assets or to provide services to other entities in the future because of past transactions or events; what is owed.
Lift Station: The Town’s collection system relies on gravity to collect water. When the system gets to an
unreasonable depth, a lift station pumps the water to a higher elevation so the gravity process can begin again.
Line-item Budget: A budget format in which departmental outlays are grouped per the items that will be
purchased.
Maintenance and Operations (M&O): Taxes that are generated by the taxing unit for general expenses.
Major Funds: Funds whose revenues, expenditures/expenses, assets, or liabilities (excluding extraordinary items)
are at least 10 percent of corresponding totals for all governmental or enterprise funds and at least 5 percent of
the aggregate amount for all governmental and enterprise funds.
Maintenance: The upkeep of physical properties in condition for use or occupancy. Examples are the inspection
of equipment to detect defects and the making of repairs.
Modified Accrual Accounting: This method of accounting is a combination of cash and accrual accounting since
expenditures are immediately incurred as a liability while revenues are not recorded until they are received or are
“Measurable” and “available for expenditure”. This type of accounting basis is conservative and is recommended
as the standard for most government funds.
Municipal: Of or pertaining to a Town or its government.
No-New-Revenue Tax Rate: The rate that would generate the same amount of levy from the same existing
property as the prior year’s rate and calculated on the current year’s values. Replacement of the effective rate
formerly used for Truth-in-Taxation purposes.
Non-departmental: Accounts for expenditures or professional services and other general government functions,
which cannot be allocated to individual departments.
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Non-major Funds: Funds whose revenues, expenditures, expenses, assets, or liabilities (excluding extraordinary
items) are not at least 10 percent of corresponding totals for all governmental and enterprise funds.
Non-exempt: Personnel eligible to receive overtime pay when overtime work has been authorized or requested
by the supervisor.
Object Code: The standard classification of the expenditures such as office supplies or rental of equipment.
Objectives: Specific, measurable targets set in relation to goals.
Operating Budget: Plan for current expenditures and the proposed means of financing them. The annual
operating budget is the primary means by which most of the financing, acquisition, spending, and service delivery
activities of the Town are controlled. The use of annual operating budgets is required by State law.
Operating Expenditure: Expenditure on an existing item of property or equipment that is not a capital
expenditure.
Ordinance: An authoritative command or order. This term is used for laws adopted by a municipality.
Performance Measures: Specific quantitative measures of work performed within an activity or program. They
may also measure results obtained through an activity or program.
Personal Property: Items that can be owned but are not real property – divided into two types: tangible and
intangible.
Personnel Services: Expenditures for salaries, wages and related fringe benefits of Town employees.
Prompt Payment Act: Adopted in July 1985 by the State, the Act requires the Town to pay for goods and services
within 30 days of receipt of invoice or the goods or services, whichever comes later. If this is not satisfied, the
Town may be charged interest on the unpaid balance at the rate of 1% per month.
Property Tax: Taxes levied on both real and personal property according to the property’s valuation and the tax
rate.
Property Tax Reduction Sales Tax (PTR): ½-cent sales tax approved by the Town of Westlake voters in May 2006.
Texas law allowed the Town to collect the new ½-cent sales tax that does not share the restrictive spending
limitations on revenues designated to the 4A Economic Development Fund ½-cent sales tax. 4A sales tax was
dissolved and replaced with this sales tax.
Proposed Budget: The financial plan initially developed by departments and presented by the Town Manger to
the Town Council for approval. Legally required to be published 30 days prior to adoption and available for public
inspection.
Proprietary Funds: Operation that operates like a private operation, in which services are financed through user
charges and expenditures include the full cost of operations.
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Public Hearing: An open meeting regarding proposed operating or capital budget allocations, which provide
citizens with an opportunity to voice their views on the merits of the proposals.
Reserve: An account used to indicate that a portion of fund resources is restricted for a specific purpose or is not
available for appropriation and subsequent spending.
Resolution: A formal statement of opinion or determination adopted by an assembly or another formal group.
Resources: Total dollars available for appropriations, including estimated revenues, fund transfers, and beginning
fund balances.
Retained Earnings: The excess of total assets over total liabilities for an enterprise fund. Retained earnings include
both short-term and long-term assets and liabilities for an enterprise fund.
Revenues: Funds that the government receives as income. It includes such items a tax payment, fees from specific
services, receipts from other governments, fines for forfeitures, grants, shared revenues and interest income.
Sales Tax: A general “sales tax” is levied on persons and businesses selling merchandise or services in the town
limits on a retail basis. The categories for taxation are defined by state law. Monies collected under authorization
of this tax are for the use and benefit of the town.
Supervisory Control and Data Acquisition (SCADA): System that collects data from various sensors at a remote
location and then sends the data to a central computer which then manages and controls the data.
Special Revenue Fund: A fund used to account for the proceeds of specific revenue sources that are legally
restricted to expenditure for specified purposes.
Supplies: A cost category for minor items (individually priced at less than $5,000) required by departments to
conduct their operations.
Texas Municipal Retirement System (TMRS): Pension plan for employees of member cities within the State of
Texas.
Trinity River Authority (TRA): A separate governmental entity responsible for providing water and wastewater
services in the Trinity River basin. The Town contracts with TRA for treatment of wastewater.
Transfer In/Out: Funds moved from one fund to another to achieve specific spending objectives.
User Charges: The payment of a fee for direct receipt of a public service by the party benefiting from the service.
Voter Approval Tax Rate (VATR): Maximum tax rate which the Council can legally adopt without a general
election. Includes a maximum percentage increase and any available unused increment from the prior three (3)
years. Replaces the rollback rate used in previous Truth-in-Taxation calculations.
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ACRONYMS
TERM STANDS FOR TERM STANDS FOR
ACFR Annual Comprehensive Financial Report HR Human Resources
ACCT Account ISO Insurance Service Office
AP Accounts Payable IT Information Technology
AR Accounts Receivable LTL Long Term Liabilities
BS Balance Sheet MC Municipal Court
CF Cemetery Fund MGD Million gallons per day
CIP Capital Improvement Plan OS Other Sources
CO Certificates of Obligations P&D Planning & Development
CPA Certified Public Accountant P&R Parks & Recreation
DS Debt Service PTR Property Tax Reduction Sales Tax
EF Enterprise Fund R&M Repair and Maintenance
EMS Emergency Medical Services ROW Right-of-Way
FLSA Fair Labor Standards Act S&P Standard & Poor's
FTE Full-Time Equivalent SCADA Supervisory Control and Data Acquisition
FY Fiscal Year SLA Service Level Adjustment
G&O Goals and Objectives SRF Special Revenue Fund
GAAP Generally Accepted Accounting Principles TMRS Texas Municipal Retirement System
GASB Government Accounting Standards Board TRA Trinity River Authority
GF General Fund TXDOT Texas Department of Transportation
GFOA Government Finance Officers Association UMR Utility Maintenance and Replacement
Fund
GL General Ledger VMR Vehicle Maintenance and Replacement
Fund
GMR General Maintenance & Replacement
Fund
WA Westlake Academy
GO General Obligation Bonds XFR Transfer
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www.westlaketx.gov