HomeMy WebLinkAboutOrd 1029 Adopting the FY 25 26 Town BudgetTOWN OF WESTLAKE
ANNUAL BUDGET
FISCAL YEAR 2025-2026
This budget will raise more total property taxes than last year’s
budget by $607,995 or 14.87%, and of that amount $369,294 is tax
revenue to be raised from new property added to the tax roll this
year.
September 17, 2025
Honorable Mayor and Town Council:
In accordance with the Texas Local Government Code, I am pleased to submit the annual budget for the Town
of Westlake Fiscal Year 2026. The fiscal year begins October 1, 2025, and ends September 30, 2026.
BUDGET OVERVIEW
The Fiscal Year 2025-2026 Annual Operating Budget and Capital Improvement Plan totals $34,973,808 in
revenue and $31,002,720 in expenditures. This is an increase of approximately 5% from the FY2025 adopted
budget and includes the following changes:
Tax rate of $0.185 per $100 of property value
Total full-time equivalent positions of 55.5, which includes a net 3 increase
Inclusion of $1,376,500 in capital expenditures and service level adjustments
Plans for a $3,971,088 contribution to fund balance across all funds to reduce future debt needs
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 annual budget is focused on
achieving the following goals:
Continuing high quality services and responsive customer service;
Leaning out departmental operations budget;
Preparing a balanced budget that creates a surplus for future CIP and equipment replacements;
Retaining and attracting employees who support the community’s vision; and
Offering transparency into the financial plans and status of the Town.
BUDGET STRATEGIES
The annual budget is influenced by the following: State of Texas law and policy, 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 worked with a third party during FY25 to develop a strategic plan for the Town, including the
Academy, which includes a financial sustainability plan, influences future capital spending, and provides guidance
on future development, programs, and services. The strategic plan was heavily relied upon for the development
of the proposed budget.
VISION
Westlake will preserve its unique charm and natural beauty, promoting a vibrant community,
cultivating strategic partnerships with residents and corporate stakeholders.
MISSION
Westlake provides a superior quality of life through excellent municipal service delivery and
world-class education.
2
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.
PROPERTY TAX
The approved municipal property tax rate (or ad valorem rate) will increase the current adopted rate of
$0.16788 per $100 of assessed valuation to $0.18500 per $100. This rate is slightly higher (by $0.00597) than
the no-new-revenue 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 2025 tax year and the 2026 tax year. This is also
the first increase to the rate since 2020.
This budget adheres to direction the Council gave to adjust the tax rate for newly issued certificates of obligation,
appropriate and adopt an updated capital improvement plan, and focus on best practices. 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 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 $0.13000 and the projected revenue totals
$3.3M. The allocation for I&S debt service is $0.05500 and the projected revenue totals $1.4M. Please see the tax
rate change below:
Tax Rate Change FY25
Adopted
FY26
Adopted Variance
M&O $0.11788 $0.13000 $0.01220
I&S $0.05000 $0.05500 $0.00500
Total $0.16788 $0.18500 $ 0.01712
3
Westlake has experienced rising values due to the market conditions over the past few years. For FY26, the
appraised valuations continued to rise, but not at the rate previously experienced.
The appraised value of all real property in Westlake is $3.44B, which is an increase of $105M or 3.2%. The
certified taxable value is $2.79B, which is an increase of $328M or 13.4%. The average taxable value of a
homestead is $2.49M, which is a decrease of $215K or 8%. Due to the increase in the property tax rate, the
average homeowner would see an increase of $66 to their annual bill.
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
2.5 2.7
3.16 3.3 3.44
1.66
1.96
2.25 2.49
2.79
0
0.5
1
1.5
2
2.5
3
3.5
4
FY22 FY23 FY24 FY25 FY26
Appraised vs. Taxable Value
(shown in billions)
Appraised Taxable
4
ANNUAL BUDGET
In FY26, revenues are budgeted at $35.0M for all funds. This includes a decrease of approximately $2M in lower
development, citation, and transfer activities than budgeted in FY25 and is offset by higher sales tax and utility
revenues. Expenditures are budgeted at $31.0M for all funds. This is almost a 5% increase of $1.4M from prior
year adopted. This increase includes $400k for a replacement ambulance, addition of 3 full-time equivalent
positions, benefit adjustments and raises for Town staff, economic development activity (approved by the
Westlake Development Corporation), and necessary investment in the Town’s capital improvement plan. The ad
valorem-backed debt service fund will include a deficit to account for prior year excess collections.
FUND
General Fund $16,855,538 $14,821,258 $2,034,280
Enterprise Funds 8,066,500 7,508,085 558,415
Internal Service Funds 695,000 695,000 0
Special Revenue Funds 4,463,800 3,224,527 1,239,273
Debt Service Funds 4,692,970 4,753,850 -60,880
Capital Projects Funds 200,000 0 200,000
TOTAL $34,973,808 $31,002,720 $3,971,088
Of the $31.0M across all funds, $4.7M is programmed for Westlake Academy costs, including debt payments,
capital maintenance and repairs, and mutually agreed upon shared services personnel. This also includes $1.5M
in direct cash transfer to the Academy to cover standard operating expenses. Due to the scrutiny of staff during
budget development, the total amount within the Town’s budget has been reduced by $1.8M.
The FY26 annual budget adds net 3.00 full-time equivalent positions: cut 1 paramedic on campus, add 2
planning and development employees, add 1 project manager in the Town Manager department, and add 1
parks/public works employee. Additional changes to Westlake’s compensation package include: 3.5% raises
for current employees; implementation of longevity, step up, and certification pays to industry standard; and
the adoption of a retroactive cost-of-living element to the pension. No changes in cost for health benefits are
planned.
ALL FUNDS Adopted Adopted Change Change
FY25 FY26 Amount Percent
Payroll & Related $7,413,704 $8,251,914 $838,210 11%
Operating Expenditures 22,213,864 22,750,806 536,942 2%
TOTAL $29,627,568 $31,002,720 $1,375,152 5%
5
DEBT SERVICE
Westlake does issue debt to fund capital projects. The Town issued $9.38M during FY25 for campus facilities and
utility improvements. Approximately 45% of the newly issued debt will be paid for with the increase to the interest
& sinking portion of the property tax rate; the remaining portion will be paid out of utility revenues. As of October
1, 2025, the Town will have $51.86M outstanding across 11 issuances.
ISSUE Funding Source Amount Issued FY26 Principal &
Interest Requirements
2013 CO Sales Tax & Utility Fees $9,319,820 $6,860,000 $508,669
2013 GORB Sales Tax 2,200,000 485,000 175,063
2014 GORB Property Tax 8,500,000 1,495,000 68,600
2016 CO Sales Tax 9,180,000 7,415,000 507,100
2017 GORB Sales Tax 5,795,000 4,950,000 810,500
2018 CO Utility Fund 2,100,000 1,545,000 143,638
2021 CO Property Tax 3,215,000 2,715,000 204,300
2021 GORB Property Tax 4,430,000 1,475,000 380,351
2022 GORB Utility Fees 14,920,000 12,910,000 868,900
2023 TTN Property Tax 3,552,000 2,627,000 573,550
2025 CO Property Tax & Utility Fees 9,380,000 9,380,000 506,129
TOTAL $72,591,820 $51,857,000 $4,746,800
6
CLOSING
In summary, we are proud to present a balanced annual budget that includes necessary investments to ensure
staff is able to continue to deliver services to our residents and visitors. Throughout FY26 Town staff will:
Review departmental budget expenditures and communicate needs to Council;
Monitor revenue sources and make appropriate recommendations;
Report on the financial standing of the Town;
Implement the additional resources requested timely and effectively;
Implement the new adopted capital improvement/replacement plan; and
Develop a building envelope program for prudent facility maintenance.
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 a tool that communicates how revenues will be
collected in order to meet service delivery needs that may arise within our community. It is expected that these
amounts will need to be adjusted during the year, which will be handled in line with the approved budget transfer
policy or presented to Council for amendment.
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. This annual budget is hereby provided
for public inspection after the public hearings and Council approval for the tax rate and annual operating
budget, held on Tuesday, September 16, 2025, at 4:00 pm in the Council Chambers located at 1500 Solana
Boulevard, Building 7, Suite 7100, Westlake, Texas 76262.
We are truly Distinctive by Design and are proud to be a part of creating such a wonderful place.
Respectfully submitted,
Town of Westlake Staff
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FISCAL YEAR 2025-2026 BUDGET
All Funds Combined
FY2024 FY2025 FY2025 FY2026
Actuals Adopted Amended
Revenue $39,578,958 $33,180,307 $33,180,307 $34,973,808
Property Taxes $4,008,191 $4,071,694 $4,071,694 $4,696,742
Sales Tax $13,498,114 $12,942,000 $12,942,000 $14,542,000
Other Taxes $1,530,831 $1,020,600 $1,020,600 $1,110,800
Licenses & Permits $6,096,852 $1,725,825 $1,725,825 $1,082,600
Charges for Service $8,405,668 $6,229,800 $6,229,800 $7,694,300
Fines & Forfeitures $413,336 $437,185 $437,185 $313,625
Miscellaneous Revenue $3,681,492 $1,527,800 $1,527,800 $1,542,100
Other Financing Sources $1,944,475 $5,225,403 $5,225,403 $3,991,641
Expenditures by Classification $25,199,226 $29,627,568 $29,627,568 $31,002,720
Personnel $6,002,912 $7,413,704 $7,413,704 $8,251,914
Supplies $564,292 $677,451 $677,451 $362,906
Services $8,514,719 $6,386,671 $6,386,671 $8,233,486
Repairs & Maintenance $1,656,640 $1,202,819 $1,202,819 $1,590,203
Utilities $1,120,412 $1,165,839 $1,165,839 $1,112,820
Debt Service $4,551,649 $4,277,097 $4,277,097 $4,753,850
Capital Outlay $1,026,664 $1,642,100 $1,642,100 $1,205,900
Transfers Out $1,761,938 $6,861,887 $6,861,887 $5,491,641
Expenditures by Department $25,199,226 $29,627,568 $29,627,568 $31,002,720
General Services $9,314,799 $14,221,546 $14,221,546 $11,495,137
Council $22,797 $41,450 $41,450 $15,600
Town Manager $422,105 $399,935 $399,935 $720,302
Town Secretary $174,643 $178,592 $178,592 $188,773
Human Resources $243,745 $321,131 $321,131 $336,400
Finance $716,846 $696,072 $696,072 $847,838
Information Technology $921,702 $1,265,587 $1,265,587 $955,802
Communications $370,410 $300,344 $300,344 $488,063
Fire $2,934,795 $4,981,025 $4,981,025 $4,294,798
Police $1,335,937 $1,261,969 $1,261,969 $1,315,246
Municipal Court $335,855 $420,334 $420,334 $399,954
Planning & Development $807,024 $666,277 $666,277 $956,787
Public Works $6,587,524 $4,349,156 $4,349,156 $7,852,243
Facilities $406,306 $155,750 $155,750 $357,750
Parks & Recreation $419,869 $368,400 $368,400 $778,027
Contribution to (Use of) Fund Balance $14,379,732 $3,552,739 $3,552,739 $3,971,088
8
Adopted
FISCAL YEAR 2025-2026 BUDGET
General Fund
FY2024 FY2025 FY2025 FY2026
Actuals Adopted Amended
Revenue $21,545,041 $17,040,210 $17,040,210 $16,855,538
Property Taxes $2,175,863 $2,830,000 $2,830,000 $3,300,413
Sales Tax $10,139,872 $9,942,000 $9,942,000 $10,942,000
Other Taxes $748,849 $510,600 $510,600 $509,800
Licenses & Permits $6,027,602 $1,710,825 $1,710,825 $1,067,600
Charges for Service $146,050 $100,000 $100,000 $100,000
Fines & Forfeitures $413,336 $437,185 $437,185 $313,625
Miscellaneous Revenue $1,890,933 $1,038,100 $1,038,100 $622,100
Other Financing Sources $2,537 $471,500 $471,500 $0
Expenditures by Classification $12,302,437 $15,472,277 $15,472,277 $14,821,258
Personnel $5,507,510 $6,307,343 $6,307,343 $7,049,393
Supplies $438,587 $605,301 $605,301 $330,706
Services $4,395,424 $2,998,492 $2,998,492 $2,940,161
Repairs & Maintenance $943,350 $940,094 $940,094 $1,130,778
Utilities $748,292 $808,963 $808,963 $870,820
Debt Service $18,903 $5,000 $5,000 $5,000
Capital Outlay $250,371 $174,100 $174,100 $389,400
Transfers Out $0 $3,632,984 $3,632,984 $2,105,000
Expenditures by Department $12,302,437 $15,472,277 $15,472,277 $14,821,258
General Services $2,990,936 $5,030,787 $5,030,787 $3,688,128
Council $22,797 $41,450 $41,450 $15,600
Town Manager $404,181 $399,935 $399,935 $518,126
Town Secretary $174,643 $178,592 $178,592 $188,773
Human Resources $234,644 $321,131 $321,131 $336,400
Finance $634,548 $696,072 $696,072 $729,774
Information Technology $809,569 $1,265,587 $1,265,587 $955,802
Communications $206,167 $224,844 $224,844 $237,534
Fire $2,893,513 $3,681,025 $3,681,025 $3,809,798
Police $1,335,937 $1,261,969 $1,261,969 $1,315,246
Municipal Court $335,855 $420,334 $420,334 $399,954
Planning & Development $807,024 $666,277 $666,277 $886,787
Public Works $808,490 $760,124 $760,124 $603,559
Facilities $119,834 $155,750 $155,750 $357,750
Parks & Recreation $339,430 $368,400 $368,400 $778,027
Contribution to (Use of) Fund Balance $9,242,604 $1,567,933 $1,567,933 $2,034,280
Ending Fund Balance $35,095,531 $36,663,464 $36,663,464 $38,697,744
9
Adopted
FISCAL YEAR 2025-2026 BUDGET
General Vehicle/Equipment Replacement Fund
FY2024 FY2025 FY2025 FY2026
Actuals Adopted Amended
Revenue $50,088 $1,330,000 $1,330,000 $605,000
Property Taxes $0 $0 $0 $0
Sales Tax $0 $0 $0 $0
Other Taxes $0 $0 $0 $0
Licenses & Permits $0 $0 $0 $0
Charges for Service $0 $0 $0 $0
Fines & Forfeitures $0 $0 $0 $0
Miscellaneous Revenue $50,088 $30,000 $30,000 $0
Other Financing Sources $0 $1,300,000 $1,300,000 $605,000
Expenditures by Classification $408,897 $1,300,000 $1,300,000 $605,000
Personnel $0 $0 $0 $0
Supplies $0 $0 $0 $0
Services $33,334 $0 $0 $0
Repairs & Maintenance $328,811 $0 $0 $0
Utilities $126 $0 $0 $0
Debt Service $0 $0 $0 $0
Capital Outlay $46,627 $1,300,000 $1,300,000 $605,000
Transfers Out $0 $0 $0 $0
Expenditures by Department $408,897 $1,300,000 $1,300,000 $605,000
General Services $0 $0 $0 $50,000
Council $0 $0 $0 $0
Town Manager $0 $0 $0 $0
Town Secretary $0 $0 $0 $0
Human Resources $0 $0 $0 $0
Finance $0 $0 $0 $0
Information Technology $38,805 $0 $0 $0
Communications $0 $0 $0 $0
Fire $41,282 $1,300,000 $1,300,000 $485,000
Police $0 $0 $0 $0
Municipal Court $0 $0 $0 $0
Planning & Development $0 $0 $0 $70,000
Public Works $42,339 $0 $0 $0
Facilities $286,472 $0 $0 $0
Parks & Recreation $0 $0 $0 $0
Contribution to (Use of) Fund Balance -$358,809 $30,000 $30,000 $0
Ending Fund Balance $1,142,744 $1,172,744 $1,172,744 $1,172,744
10
Adopted
FISCAL YEAR 2025-2026 BUDGET
4B Sales Tax Fund
FY2024 FY2025 FY2025 FY2026
Actuals Adopted Amended
Revenue $3,523,756 $3,000,000 $3,000,000 $3,775,000
Property Taxes $0 $0 $0 $0
Sales Tax $3,358,242 $3,000,000 $3,000,000 $3,600,000
Other Taxes $0 $0 $0 $0
Licenses & Permits $0 $0 $0 $0
Charges for Service $0 $0 $0 $0
Fines & Forfeitures $0 $0 $0 $0
Miscellaneous Revenue $165,514 $0 $0 $175,000
Other Financing Sources $0 $0 $0 $0
Expenditures by Classification $1,761,938 $1,943,428 $1,943,428 $2,617,778
Personnel $0 $0 $0 $0
Supplies $0 $0 $0 $350
Services $0 $0 $0 $669,850
Repairs & Maintenance $0 $0 $0 $0
Utilities $0 $0 $0 $0
Debt Service $0 $0 $0 $0
Capital Outlay $0 $0 $0 $0
Transfers Out $1,761,938 $1,943,428 $1,943,428 $1,947,578
Expenditures by Department $1,761,938 $1,943,428 $1,943,428 $2,617,778
General Services $1,761,938 $1,943,428 $1,943,428 $2,617,778
Council $0 $0 $0 $0
Town Manager $0 $0 $0 $0
Town Secretary $0 $0 $0 $0
Human Resources $0 $0 $0 $0
Finance $0 $0 $0 $0
Information Technology $0 $0 $0 $0
Communications $0 $0 $0 $0
Fire $0 $0 $0 $0
Police $0 $0 $0 $0
Municipal Court $0 $0 $0 $0
Planning & Development $0 $0 $0 $0
Public Works $0 $0 $0 $0
Facilities $0 $0 $0 $0
Parks & Recreation $0 $0 $0 $0
Contribution to (Use of) Fund Balance $1,761,818 $1,056,572 $1,056,572 $1,157,222
Ending Fund Balance $2,518,295 $3,574,867 $3,574,867 $4,732,089
11
Adopted
FISCAL YEAR 2025-2026 BUDGET
Visitors Association Fund
FY2024 FY2025 FY2025 FY2026
Actuals Adopted Amended
Revenue $807,085 $505,000 $505,000 $631,000
Property Taxes $0 $0 $0 $0
Sales Tax $0 $0 $0 $0
Other Taxes $781,982 $500,000 $500,000 $601,000
Licenses & Permits $1,050 $0 $0 $0
Charges for Service $0 $0 $0 $0
Fines & Forfeitures $0 $0 $0 $0
Miscellaneous Revenue $24,052 $5,000 $5,000 $30,000
Other Financing Sources $0 $0 $0 $0
Expenditures by Classification $335,441 $569,231 $569,231 $561,649
Personnel $134,881 $315,909 $315,909 $336,149
Supplies $0 $4,000 $4,000 $0
Services $92,135 $137,422 $137,422 $149,000
Repairs & Maintenance $0 $0 $0 $0
Utilities $108,425 $111,900 $111,900 $76,500
Debt Service $0 $0 $0 $0
Capital Outlay $0 $0 $0 $0
Transfers Out $0 $0 $0 $0
Expenditures by Department $335,441 $569,231 $569,231 $561,649
General Services $171,197 $493,731 $493,731 $151,000
Council $0 $0 $0 $0
Town Manager $0 $0 $0 $101,088
Town Secretary $0 $0 $0 $0
Human Resources $0 $0 $0 $0
Finance $0 $0 $0 $59,032
Information Technology $0 $0 $0 $0
Communications $164,244 $75,500 $75,500 $250,529
Fire $0 $0 $0 $0
Police $0 $0 $0 $0
Municipal Court $0 $0 $0 $0
Planning & Development $0 $0 $0 $0
Public Works $0 $0 $0 $0
Facilities $0 $0 $0 $0
Parks & Recreation $0 $0 $0 $0
Contribution to (Use of) Fund Balance $471,644 -$64,231 -$64,231 $69,351
Ending Fund Balance $727,745 $663,514 $663,514 $732,865
12
Adopted
FISCAL YEAR 2025-2026 BUDGET
Economic Development Fund
FY2024 FY2025 FY2025 FY2026
Actuals Adopted Amended
Revenue $180,000 $235,000 $235,000 $0
Property Taxes $0 $0 $0 $0
Sales Tax $0 $0 $0 $0
Other Taxes $0 $10,000 $10,000 $0
Licenses & Permits $0 $0 $0 $0
Charges for Service $0 $0 $0 $0
Fines & Forfeitures $0 $0 $0 $0
Miscellaneous Revenue $0 $0 $0 $0
Other Financing Sources $180,000 $225,000 $225,000 $0
Expenditures by Classification $0 $235,000 $235,000 $0
Personnel $0 $0 $0 $0
Supplies $0 $0 $0 $0
Services $0 $135,000 $135,000 $0
Repairs & Maintenance $0 $0 $0 $0
Utilities $0 $0 $0 $0
Debt Service $0 $0 $0 $0
Capital Outlay $0 $0 $0 $0
Transfers Out $0 $100,000 $100,000 $0
Expenditures by Department $0 $235,000 $235,000 $0
General Services $0 $235,000 $235,000 $0
Council $0 $0 $0 $0
Town Manager $0 $0 $0 $0
Town Secretary $0 $0 $0 $0
Human Resources $0 $0 $0 $0
Finance $0 $0 $0 $0
Information Technology $0 $0 $0 $0
Communications $0 $0 $0 $0
Fire $0 $0 $0 $0
Police $0 $0 $0 $0
Municipal Court $0 $0 $0 $0
Planning & Development $0 $0 $0 $0
Public Works $0 $0 $0 $0
Facilities $0 $0 $0 $0
Parks & Recreation $0 $0 $0 $0
Contribution to (Use of) Fund Balance $180,000 $0 $0 $0
Ending Fund Balance $102,651 $102,651 $102,651 $102,651
13
Adopted
FISCAL YEAR 2025-2026 BUDGET
Public Improvement District Fund
FY2024 FY2025 FY2025 FY2026
Actuals Adopted Amended
Revenue $0 $0 $0 $0
Property Taxes $0 $0 $0 $0
Sales Tax $0 $0 $0 $0
Other Taxes $0 $0 $0 $0
Licenses & Permits $0 $0 $0 $0
Charges for Service $0 $0 $0 $0
Fines & Forfeitures $0 $0 $0 $0
Miscellaneous Revenue $0 $0 $0 $0
Other Financing Sources $0 $0 $0 $0
Expenditures by Classification $104,869 $0 $0 $5,000
Personnel $0 $0 $0 $0
Supplies $0 $0 $0 $0
Services $104,869 $0 $0 $5,000
Repairs & Maintenance $0 $0 $0 $0
Utilities $0 $0 $0 $0
Debt Service $0 $0 $0 $0
Capital Outlay $0 $0 $0 $0
Transfers Out $0 $0 $0 $0
Expenditures by Department $104,869 $0 $0 $5,000
General Services $104,869 $0 $0 $5,000
Council $0 $0 $0 $0
Town Manager $0 $0 $0 $0
Town Secretary $0 $0 $0 $0
Human Resources $0 $0 $0 $0
Finance $0 $0 $0 $0
Information Technology $0 $0 $0 $0
Communications $0 $0 $0 $0
Fire $0 $0 $0 $0
Police $0 $0 $0 $0
Municipal Court $0 $0 $0 $0
Planning & Development $0 $0 $0 $0
Public Works $0 $0 $0 $0
Facilities $0 $0 $0 $0
Parks & Recreation $0 $0 $0 $0
Contribution to (Use of) Fund Balance -$104,869 $0 $0 -$5,000
Ending Fund Balance $339,658 $339,658 $339,658 $334,658
14
Adopted
FISCAL YEAR 2025-2026 BUDGET
Cemetery Fund
FY2024 FY2025 FY2025 FY2026
Actuals Adopted Amended
Revenue $85,842 $45,300 $45,300 $57,800
Property Taxes $0 $0 $0 $0
Sales Tax $0 $0 $0 $0
Other Taxes $0 $0 $0 $0
Licenses & Permits $0 $0 $0 $0
Charges for Service $64,507 $42,800 $42,800 $42,800
Fines & Forfeitures $0 $0 $0 $0
Miscellaneous Revenue $21,335 $2,500 $2,500 $15,000
Other Financing Sources $0 $0 $0 $0
Expenditures by Classification $39,655 $40,100 $40,100 $40,100
Personnel $0 $0 $0 $0
Supplies $0 $250 $250 $850
Services $33,148 $20,725 $20,725 $20,125
Repairs & Maintenance $5,911 $17,625 $17,625 $17,625
Utilities $0 $0 $0 $0
Debt Service $596 $1,500 $1,500 $0
Capital Outlay $0 $0 $0 $1,500
Transfers Out $0 $0 $0 $0
Expenditures by Department $39,655 $40,100 $40,100 $40,100
General Services $39,655 $40,100 $40,100 $40,100
Council $0 $0 $0 $0
Town Manager $0 $0 $0 $0
Town Secretary $0 $0 $0 $0
Human Resources $0 $0 $0 $0
Finance $0 $0 $0 $0
Information Technology $0 $0 $0 $0
Communications $0 $0 $0 $0
Fire $0 $0 $0 $0
Police $0 $0 $0 $0
Municipal Court $0 $0 $0 $0
Planning & Development $0 $0 $0 $0
Public Works $0 $0 $0 $0
Facilities $0 $0 $0 $0
Parks & Recreation $0 $0 $0 $0
Contribution to (Use of) Fund Balance $46,187 $5,200 $5,200 $17,700
Ending Fund Balance $463,079 $468,279 $468,279 $485,979
15
Adopted
FISCAL YEAR 2025-2026 BUDGET
Public Art Fund
FY2024 FY2025 FY2025 FY2026
Actuals Adopted Amended
Revenue $0 $0 $0 $0
Property Taxes $0 $0 $0 $0
Sales Tax $0 $0 $0 $0
Other Taxes $0 $0 $0 $0
Licenses & Permits $0 $0 $0 $0
Charges for Service $0 $0 $0 $0
Fines & Forfeitures $0 $0 $0 $0
Miscellaneous Revenue $0 $0 $0 $0
Other Financing Sources $0 $0 $0 $0
Expenditures by Classification $0 $0 $0 $0
Personnel $0 $0 $0 $0
Supplies $0 $0 $0 $0
Services $0 $0 $0 $0
Repairs & Maintenance $0 $0 $0 $0
Utilities $0 $0 $0 $0
Debt Service $0 $0 $0 $0
Capital Outlay $0 $0 $0 $0
Transfers Out $0 $0 $0 $0
Expenditures by Department $0 $0 $0 $0
General Services $0 $0 $0 $0
Council $0 $0 $0 $0
Town Manager $0 $0 $0 $0
Town Secretary $0 $0 $0 $0
Human Resources $0 $0 $0 $0
Finance $0 $0 $0 $0
Information Technology $0 $0 $0 $0
Communications $0 $0 $0 $0
Fire $0 $0 $0 $0
Police $0 $0 $0 $0
Municipal Court $0 $0 $0 $0
Planning & Development $0 $0 $0 $0
Public Works $0 $0 $0 $0
Facilities $0 $0 $0 $0
Parks & Recreation $0 $0 $0 $0
Contribution to (Use of) Fund Balance $0 $0 $0 $0
Ending Fund Balance $102,651 $102,651 $102,651 $102,651
16
Adopted
FISCAL YEAR 2025-2026 BUDGET
Lone Star Public Facilities Corporation
FY2024 FY2025 FY2025 FY2026
Actuals Adopted Amended
Revenue $872 $200 $200 $0
Property Taxes $0 $0 $0 $0
Sales Tax $0 $0 $0 $0
Other Taxes $0 $0 $0 $0
Licenses & Permits $0 $0 $0 $0
Charges for Service $0 $0 $0 $0
Fines & Forfeitures $0 $0 $0 $0
Miscellaneous Revenue $872 $200 $200 $0
Other Financing Sources $0 $0 $0 $0
Expenditures by Classification $0 $0 $0 $0
Personnel $0 $0 $0 $0
Supplies $0 $0 $0 $0
Services $0 $0 $0 $0
Repairs & Maintenance $0 $0 $0 $0
Utilities $0 $0 $0 $0
Debt Service $0 $0 $0 $0
Capital Outlay $0 $0 $0 $0
Transfers Out $0 $0 $0 $0
Expenditures by Department $0 $0 $0 $0
General Services $0 $0 $0 $0
Council $0 $0 $0 $0
Town Manager $0 $0 $0 $0
Town Secretary $0 $0 $0 $0
Human Resources $0 $0 $0 $0
Finance $0 $0 $0 $0
Information Technology $0 $0 $0 $0
Communications $0 $0 $0 $0
Fire $0 $0 $0 $0
Police $0 $0 $0 $0
Municipal Court $0 $0 $0 $0
Planning & Development $0 $0 $0 $0
Public Works $0 $0 $0 $0
Facilities $0 $0 $0 $0
Parks & Recreation $0 $0 $0 $0
Contribution to (Use of) Fund Balance $872 $200 $200 $0
Ending Fund Balance $16,329 $16,529 $16,529 $16,529
17
Adopted
FISCAL YEAR 2025-2026 BUDGET
Sales Tax Debt Service Fund
FY2024 FY2025 FY2025 FY2026
Actuals Adopted Amended
Revenue $1,761,938 $1,943,428 $1,943,428 $1,947,578
Property Taxes $0 $0 $0 $0
Sales Tax $0 $0 $0 $0
Other Taxes $0 $0 $0 $0
Licenses & Permits $0 $0 $0 $0
Charges for Service $0 $0 $0 $0
Fines & Forfeitures $0 $0 $0 $0
Miscellaneous Revenue $0 $0 $0 $0
Other Financing Sources $1,761,938 $1,943,428 $1,943,428 $1,947,578
Expenditures by Classification $1,465,855 $1,943,428 $1,943,428 $1,947,578
Personnel $0 $0 $0 $0
Supplies $0 $0 $0 $0
Services $0 $0 $0 $0
Repairs & Maintenance $0 $0 $0 $0
Utilities $0 $0 $0 $0
Debt Service $1,465,855 $1,943,428 $1,943,428 $1,947,578
Capital Outlay $0 $0 $0 $0
Transfers Out $0 $0 $0 $0
Expenditures by Department $1,465,855 $1,943,428 $1,943,428 $1,947,578
General Services $1,465,855 $1,943,428 $1,943,428 $1,947,578
Council $0 $0 $0 $0
Town Manager $0 $0 $0 $0
Town Secretary $0 $0 $0 $0
Human Resources $0 $0 $0 $0
Finance $0 $0 $0 $0
Information Technology $0 $0 $0 $0
Communications $0 $0 $0 $0
Fire $0 $0 $0 $0
Police $0 $0 $0 $0
Municipal Court $0 $0 $0 $0
Planning & Development $0 $0 $0 $0
Public Works $0 $0 $0 $0
Facilities $0 $0 $0 $0
Parks & Recreation $0 $0 $0 $0
Contribution to (Use of) Fund Balance $296,083 $0 $0 $0
Ending Fund Balance $0 $0 $0 $0
18
Adopted
FISCAL YEAR 2025-2026 BUDGET
Property Tax Debt Service Fund
FY2024 FY2025 FY2025 FY2026
Actuals Adopted Amended
Revenue $1,832,328 $1,241,694 $1,241,694 $1,396,329
Property Taxes $1,832,328 $1,241,694 $1,241,694 $1,396,329
Sales Tax $0 $0 $0 $0
Other Taxes $0 $0 $0 $0
Licenses & Permits $0 $0 $0 $0
Charges for Service $0 $0 $0 $0
Fines & Forfeitures $0 $0 $0 $0
Miscellaneous Revenue $0 $0 $0 $0
Other Financing Sources $0 $0 $0 $0
Expenditures by Classification $1,972,040 $1,241,694 $1,241,694 $1,457,209
Personnel $0 $0 $0 $0
Supplies $0 $0 $0 $0
Services $0 $0 $0 $0
Repairs & Maintenance $0 $0 $0 $0
Utilities $0 $0 $0 $0
Debt Service $1,972,040 $1,241,694 $1,241,694 $1,457,209
Capital Outlay $0 $0 $0 $0
Transfers Out $0 $0 $0 $0
Expenditures by Department $1,972,040 $1,241,694 $1,241,694 $1,457,209
General Services $1,972,040 $1,241,694 $1,241,694 $1,457,209
Council $0 $0 $0 $0
Town Manager $0 $0 $0 $0
Town Secretary $0 $0 $0 $0
Human Resources $0 $0 $0 $0
Finance $0 $0 $0 $0
Information Technology $0 $0 $0 $0
Communications $0 $0 $0 $0
Fire $0 $0 $0 $0
Police $0 $0 $0 $0
Municipal Court $0 $0 $0 $0
Planning & Development $0 $0 $0 $0
Public Works $0 $0 $0 $0
Facilities $0 $0 $0 $0
Parks & Recreation $0 $0 $0 $0
Contribution to (Use of) Fund Balance -$139,712 $0 $0 -$60,880
Ending Fund Balance $0 $0 $0 -$60,880
19
Adopted
FISCAL YEAR 2025-2026 BUDGET
Municipal Capital Improvement Fund
FY2024 FY2025 FY2025 FY2026
Actuals Adopted Amended
Revenue $209,435 $75,000 $75,000 $75,000
Property Taxes $0 $0 $0 $0
Sales Tax $0 $0 $0 $0
Other Taxes $0 $0 $0 $0
Licenses & Permits $0 $0 $0 $0
Charges for Service $0 $0 $0 $0
Fines & Forfeitures $0 $0 $0 $0
Miscellaneous Revenue $209,435 $75,000 $75,000 $75,000
Other Financing Sources $0 $0 $0 $0
Expenditures by Classification $153,767 $0 $0 $0
Personnel $0 $0 $0 $0
Supplies $0 $0 $0 $0
Services $0 $0 $0 $0
Repairs & Maintenance $0 $0 $0 $0
Utilities $0 $0 $0 $0
Debt Service $0 $0 $0 $0
Capital Outlay $153,767 $0 $0 $0
Transfers Out $0 $0 $0 $0
Expenditures by Department $153,767 $0 $0 $0
General Services $0 $0 $0 $0
Council $0 $0 $0 $0
Town Manager $0 $0 $0 $0
Town Secretary $0 $0 $0 $0
Human Resources $0 $0 $0 $0
Finance $0 $0 $0 $0
Information Technology $73,328 $0 $0 $0
Communications $0 $0 $0 $0
Fire $0 $0 $0 $0
Police $0 $0 $0 $0
Municipal Court $0 $0 $0 $0
Planning & Development $0 $0 $0 $0
Public Works $0 $0 $0 $0
Facilities $0 $0 $0 $0
Parks & Recreation $80,440 $0 $0 $0
Contribution to (Use of) Fund Balance $55,668 $75,000 $75,000 $75,000
Ending Fund Balance $4,209,866 $4,284,866 $4,284,866 $4,359,866
20
Adopted
FISCAL YEAR 2025-2026 BUDGET
Academy Capital Improvement Fund
FY2024 FY2025 FY2025 FY2026
Actuals Adopted Amended
Revenue $185,415 $175,000 $175,000 $75,000
Property Taxes $0 $0 $0 $0
Sales Tax $0 $0 $0 $0
Other Taxes $0 $0 $0 $0
Licenses & Permits $0 $0 $0 $0
Charges for Service $0 $0 $0 $0
Fines & Forfeitures $0 $0 $0 $0
Miscellaneous Revenue $185,415 $75,000 $75,000 $75,000
Other Financing Sources $0 $100,000 $100,000 $0
Expenditures by Classification $574,979 $0 $0 $0
Personnel $0 $0 $0 $0
Supplies $0 $0 $0 $0
Services $57,478 $0 $0 $0
Repairs & Maintenance $0 $0 $0 $0
Utilities $0 $0 $0 $0
Debt Service $0 $0 $0 $0
Capital Outlay $517,500 $0 $0 $0
Transfers Out $0 $0 $0 $0
Expenditures by Department $574,979 $0 $0 $0
General Services $574,979 $0 $0 $0
Council $0 $0 $0 $0
Town Manager $0 $0 $0 $0
Town Secretary $0 $0 $0 $0
Human Resources $0 $0 $0 $0
Finance $0 $0 $0 $0
Information Technology $0 $0 $0 $0
Communications $0 $0 $0 $0
Fire $0 $0 $0 $0
Police $0 $0 $0 $0
Municipal Court $0 $0 $0 $0
Planning & Development $0 $0 $0 $0
Public Works $0 $0 $0 $0
Facilities $0 $0 $0 $0
Parks & Recreation $0 $0 $0 $0
Contribution to (Use of) Fund Balance -$389,564 $175,000 $175,000 $75,000
Ending Fund Balance $3,807,345 $3,982,345 $3,982,345 $4,057,345
21
Adopted
FISCAL YEAR 2025-2026 BUDGET
Arts & Sciences Capital Improvement Fund
FY2024 FY2025 FY2025 FY2026
Actuals Adopted Amended
Revenue $174,171 $50,000 $50,000 $50,000
Property Taxes $0 $0 $0 $0
Sales Tax $0 $0 $0 $0
Other Taxes $0 $0 $0 $0
Licenses & Permits $0 $0 $0 $0
Charges for Service $0 $0 $0 $0
Fines & Forfeitures $0 $0 $0 $0
Miscellaneous Revenue $174,171 $50,000 $50,000 $50,000
Other Financing Sources $0 $0 $0 $0
Expenditures by Classification $0 $0 $0 $0
Personnel $0 $0 $0 $0
Supplies $0 $0 $0 $0
Services $0 $0 $0 $0
Repairs & Maintenance $0 $0 $0 $0
Utilities $0 $0 $0 $0
Debt Service $0 $0 $0 $0
Capital Outlay $0 $0 $0 $0
Transfers Out $0 $0 $0 $0
Expenditures by Department $0 $0 $0 $0
General Services $0 $0 $0 $0
Council $0 $0 $0 $0
Town Manager $0 $0 $0 $0
Town Secretary $0 $0 $0 $0
Human Resources $0 $0 $0 $0
Finance $0 $0 $0 $0
Information Technology $0 $0 $0 $0
Communications $0 $0 $0 $0
Fire $0 $0 $0 $0
Police $0 $0 $0 $0
Municipal Court $0 $0 $0 $0
Planning & Development $0 $0 $0 $0
Public Works $0 $0 $0 $0
Facilities $0 $0 $0 $0
Parks & Recreation $0 $0 $0 $0
Contribution to (Use of) Fund Balance $174,171 $50,000 $50,000 $50,000
Ending Fund Balance $3,083,372 $3,133,372 $3,133,372 $3,183,372
22
Adopted
FISCAL YEAR 2025-2026 BUDGET
Utility Fund
FY2024 FY2025 FY2025 FY2026
Actuals Adopted Amended
Revenue $9,217,149 $6,352,500 $6,352,500 $8,066,500
Property Taxes $0 $0 $0 $0
Sales Tax $0 $0 $0 $0
Other Taxes $0 $0 $0 $0
Licenses & Permits $68,200 $15,000 $15,000 $15,000
Charges for Service $8,195,111 $6,087,000 $6,087,000 $7,551,500
Fines & Forfeitures $0 $0 $0 $0
Miscellaneous Revenue $953,838 $250,500 $250,500 $500,000
Other Financing Sources $0 $0 $0 $0
Expenditures by Classification $5,492,840 $5,696,935 $5,696,935 $7,508,085
Personnel $360,521 $790,452 $790,452 $866,372
Supplies $125,704 $67,900 $67,900 $31,000
Services $3,798,331 $3,095,032 $3,095,032 $4,444,350
Repairs & Maintenance $378,568 $245,100 $245,100 $441,800
Utilities $263,569 $244,976 $244,976 $165,500
Debt Service $507,748 $20,000 $20,000 $0
Capital Outlay $58,398 $48,000 $48,000 $120,000
Transfers Out $0 $1,185,475 $1,185,475 $1,439,063
Expenditures by Department $5,492,840 $5,696,935 $5,696,935 $7,508,085
General Services $154,972 $2,107,903 $2,107,903 $1,538,344
Council $0 $0 $0 $0
Town Manager $17,924 $0 $0 $101,088
Town Secretary $0 $0 $0 $0
Human Resources $9,101 $0 $0 $0
Finance $82,297 $0 $0 $59,032
Information Technology $0 $0 $0 $0
Communications $0 $0 $0 $0
Fire $0 $0 $0 $0
Police $0 $0 $0 $0
Municipal Court $0 $0 $0 $0
Planning & Development $0 $0 $0 $0
Public Works $5,228,545 $3,589,032 $3,589,032 $5,809,621
Facilities $0 $0 $0 $0
Parks & Recreation $0 $0 $0 $0
Contribution to (Use of) Fund Balance $3,724,310 $655,565 $655,565 $558,415
Ending Fund Balance $3,601,520 $4,257,085 $4,257,085 $4,815,500
23
Adopted
FISCAL YEAR 2025-2026 BUDGET
Utility Debt Fund
FY2024 FY2025 FY2025 FY2026
Actuals Adopted Amended
Revenue $0 $1,065,475 $1,065,475 $1,349,063
Property Taxes $0 $0 $0 $0
Sales Tax $0 $0 $0 $0
Other Taxes $0 $0 $0 $0
Licenses & Permits $0 $0 $0 $0
Charges for Service $0 $0 $0 $0
Fines & Forfeitures $0 $0 $0 $0
Miscellaneous Revenue $0 $0 $0 $0
Other Financing Sources $0 $1,065,475 $1,065,475 $1,349,063
Expenditures by Classification $586,507 $1,065,475 $1,065,475 $1,349,063
Personnel $0 $0 $0 $0
Supplies $0 $0 $0 $0
Services $0 $0 $0 $0
Repairs & Maintenance $0 $0 $0 $0
Utilities $0 $0 $0 $0
Debt Service $586,507 $1,065,475 $1,065,475 $1,349,063
Capital Outlay $0 $0 $0 $0
Transfers Out $0 $0 $0 $0
Expenditures by Department $586,507 $1,066,975 $1,066,975 $1,349,063
General Services $78,357 $1,065,475 $1,065,475 $0
Council $0 $0 $0 $0
Town Manager $0 $0 $0 $0
Town Secretary $0 $0 $0 $0
Human Resources $0 $0 $0 $0
Finance $0 $0 $0 $0
Information Technology $0 $0 $0 $0
Communications $0 $0 $0 $0
Fire $0 $0 $0 $0
Police $0 $0 $0 $0
Municipal Court $0 $0 $0 $0
Planning & Development $0 $0 $0 $0
Public Works $508,150 $0 $0 $1,349,063
Facilities $0 $0 $0 $0
Parks & Recreation $0 $0 $0 $0
Contribution to (Use of) Fund Balance -$586,507 $0 $0 $0
Ending Fund Balance $0 $0 $0 $0
24
Adopted
FISCAL YEAR 2025-2026 BUDGET
Utility Vehicle/Equipment Replacement Fund
FY2024 FY2025 FY2025 FY2026
Actuals Adopted Amended
Revenue $5,839 $121,500 $121,500 $90,000
Property Taxes $0 $0 $0 $0
Sales Tax $0 $0 $0 $0
Other Taxes $0 $0 $0 $0
Licenses & Permits $0 $0 $0 $0
Charges for Service $0 $0 $0 $0
Fines & Forfeitures $0 $0 $0 $0
Miscellaneous Revenue $5,839 $1,500 $1,500 $0
Other Financing Sources $0 $120,000 $120,000 $90,000
Expenditures by Classification $0 $120,000 $120,000 $90,000
Personnel $0 $0 $0 $0
Supplies $0 $0 $0 $0
Services $0 $0 $0 $0
Repairs & Maintenance $0 $0 $0 $0
Utilities $0 $0 $0 $0
Debt Service $0 $0 $0 $0
Capital Outlay $0 $120,000 $120,000 $90,000
Transfers Out $0 $0 $0 $0
Expenditures by Department $0 $120,000 $120,000 $90,000
General Services $0 $120,000 $120,000 $0
Council $0 $0 $0 $0
Town Manager $0 $0 $0 $0
Town Secretary $0 $0 $0 $0
Human Resources $0 $0 $0 $0
Finance $0 $0 $0 $0
Information Technology $0 $0 $0 $0
Communications $0 $0 $0 $0
Fire $0 $0 $0 $0
Police $0 $0 $0 $0
Municipal Court $0 $0 $0 $0
Planning & Development $0 $0 $0 $0
Public Works $0 $0 $0 $90,000
Facilities $0 $0 $0 $0
Parks & Recreation $0 $0 $0 $0
Contribution to (Use of) Fund Balance $5,839 $1,500 $1,500 $0
Ending Fund Balance $170,897 $172,397 $172,397 $172,397
25
Adopted
Debt Issuance Name Type Fund Funding Source Purpose Entity Rating Issue Date Call Date
Term Outstanding FY2026 P&I Agency
SERIES 2013 CO Certificate of Obligation 510 Utility Fund UF - Ground Storage Tank Town AAA April 2013 Feb 2023 30 2043 2.00-4.00%1,025,020 754,600 55,954 550
SERIES 2013 CO Certificate of Obligation 300 Sales Tax WA Expansion Academy AAA April 2013 Feb 2023 30 2043 2.00-4.00%8,294,800 6,105,400 452,715 550
SERIES 2013 GORB General Obligation-Refunding 300 Sales Tax WA - Refunding 2008 Academy AAA April 2013 Feb 2023 15 2028 2.00-2.50%2,200,000 485,000 175,063 550
SERIES 2014 GORB General Obligation-Refunding 310 Property Tax WA - Refunding 2003 (2nd phase WA)Academy AAA January 2014 Feb 2024 18 2032 2.00-5.00%8,500,000 1,495,000 68,600 550
SERIES 2016 CO Certificate of Obligation 300 Sales Tax Fire Station Complex Town AAA December 2016 Feb 2026 30 2046 3.00-4.00%9,180,000 7,415,000 507,100 550
SERIES 2017 GORB General Obligation-Refunding 300 Sales Tax WA - Refunding 2007 (OG 2002)Academy AAA February 2007 Feb 2027 30 2032 2.00-4.00%5,795,000 4,950,000 810,500 550
SERIES 2018 CO Certificate of Obligation (Taxable)510 Utility Fund UF - TWDN Water Main Ft Worth Town N/A October, 2018 Aug 2028 20 2038 1.98-3.06%2,100,000 1,545,000 143,638 550
SERIES 2021 CO Certificate of Obligation 310 Property Tax Capital Improvements Town AAA September 2021 Feb 2030 20 2041 2.00-4.00%3,215,000 2,715,000 204,300 500
SERIES 2021 GORB General Obligation-Refunding 310 Property Tax WA 25% Muni 75% - Refunding 2011 CO-GO WA 25%/Town 75%AAA September 2021 Feb 2030 10 2031
TOTAL 72,591,820 51,857,000 4,746,800 7,050
TOTAL BUDGETED FY2026 4,753,850
DEBT SERVICE LISTING
26