HomeMy WebLinkAboutRes 03-53 Adopting the Budget for Fiscal Year 2003-2004TOWN OF WESTLAKE
RESOLUTION NO. 03-53
A RESOLUTION OF THE BOARD OF ALDERMEN OF THE TOWN
WESTLAKE, TEXAS APPROVING THE 2003104 BUDGET.
BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE TOWN OF
WESTLAKE, TEXAS:
SECTION 1: That the Board of Aldermen of the Town of Westlake does hereby
approve the 2003104 budget.
OF
SECTION 2: That this Resolution shall become effective upon the date of its passage.
PASSED AND APPROVED ON THIS 8' DAY OF SEPTEMBER 2003.
ATTEST:
6ing& Crosswy, Town cretary
APPROVED AS TO FO
V.
Scott Bradley, Mayor
Trent O. Petty, Town,Manager
Town of Westlake
Annual Budget
FY 2003/2004
Mayor
Scott Bradley
Board of Aldermen
Fred Held, Mayor Pro -Terry
Buddy Brown
Bill Frey
Don Redding
Larry Sparrow
Trent Petty
Town Manager
Stan Lowry Dawn Lenzie
Town Attorney Assistant to the
Town Manager
Debbie Piper
Finance Director
Ginger Crosswy
Town Secretary
Town of Westlake
Organizational Chart
I Citizens of Westlake I
I Mayor & Board of Aldermen I
Town Attorney I I Town Manager I I Town Secretary
Assistant to Town Manager I I I Finance Director
Administrative Intern Accounts Payable Clerk Personnel
Mana er
F --
Westlake FireIEMS Muni. Court Admin.
Fire/EMS Staff
Town Marshall
I Deputy Ct. Clerk I
Town Consultants I I Westlake Academy I I Public Works Superintendent
WESTLAKE
August 25, 2003
Honorable Mayor and Members of the Board of Aldermen:
It is my sincere pleasure to present to you, the fiscal year 2003/2004 program of services for the
Town of Westlake. As in previous years, this budget represents our commitment to conservative
fiscal budgeting and adherence to strict planning to meet the growing needs of Westlake without
assessing a property tax.
Due to the proactive decisions made by the Board of Alderman and the effort by the Town
employees, we have made significant changes in order to better serve residents and increase our
margin of revenue. By eliminating many of the costly and time consuming activities of our
consultants and slowly transitioning to full and part-time employees, we have been able to identify
the point where overall costs are contained or reduced. In reducing the reliance on outside sources,
our service dramatically improves.
Major Events of FY 2002-2003
In 2003, the Town issued its second series of Certificates of Obligation, totaling $6.4 million to
complete the construction of the Westlake Civic Campus. The Westlake Civic Campus will house
the Westlake Academy, the Board of Aldermen/School Board Chambers, the Town Recreation
Center, Town Hall offices, and Texas Student Housing Entities. Another year of progressive
thinking and an impressive "A" bond rating has allowed the Town to capitalize on low interest rates
to fund these improvements.
Fiscal Year 2003/2004 is a pivotal year for the Town. The decision on the mall project has obvious
long-term implications which will affect the Town's financial future and overall direction of
growth. This budget does not assume the mall project will come to pass, but it is designed to be
flexible enough to accommodate increases in cost that will track with increases in revenue to
support the project.
Construction and hook up of the Westlake/Keller Overhead Storage Tank was completed in order
to reduce peak charges and improve Westlake's ability to supply water to its customers.
The first full year of service from the Keller Police Department, resulted in a much improved
service to customers as well as a 25% increase in citation revenue. With the increase in patrol
activity, the Town has realized an increase in the backlog of warrants, many of which were
inherited from the Trophy Club Municipal Court. It is hoped that the retainage of a collection
agency will help reduce the large backlog.
The Town hired its first Finance Director to ensure the fiscal responsibility and conformance to
ever increasing federal public accounting requirements. Debbie Piper, a CPA and former school
ill
3 Village Circle • Suite 207 Solana • Westlake, Texas 76262
Metro: 817-430-0941 • Fax: 817-430-1812 • www.westiake-tx.org
and municipal auditor has joined the staff in an effort to decrease our reliance on outside auditors
and upgrade the Town's financial reporting system.
The Town also hired its first Public Works Superintendent. Jarrod Greenwood will help to
decrease the Town's reliance on Aquasource, Graham & Associates, Cheatham & Associates, and
Parson's Transportation. Besides overseeing water and sewer operations, Jarrod will also take over
utility infrastructure inspections, thus reducing the Town's reliance on outside engineers for this
service. We hope to begin billing our water customers directly in the next year, which will not only
decrease costs, but also increase responsiveness of the Town to resident's concerns.
The Public Safety in Westlake took a giant step forward in 2002/2003 by virtue of the decision to
staff and equip a full time Fire and Rescue squad. Thanks to a FEMA grant which supplied 90% of
the funds for the new fire engine, the Town was able to purchase state of the art equipment to help
protect the growing residential population and to aide in the protection of the commercial buildings
of Solana, Fidelity, and Daimler Chrysler.
Goals and Results
Goals for FY 2003/2004 will focus on continuing current services and operations while reducing
expenditures through internalizing operations and eliminating unnecessary costs. The Town is also
focusing on exploring new revenue sources.
Meet growing residential service demand
II. Strongly pursue commercial and retail development to expand sales tax base
III. Increase revenue without raising rates or implementing property tax
IV. Reduce spending without reducing services
V. Maintain competitive and motivated workforce
VI. Support community involvement activities
VII. Improve Westlake hotel occupancy
The FY 2002/2003 budget focused on eight points and assumed the mall project would continue as
planned. The delay of that project radically changed the planning related to goals for 2002/2003.
I. Update Plans
Because of the uncertainty of the mall, the Thoroughfare Plan,
Comprehensive Land Use Plan, and Open Space Plan updates were put on
hold.
M Improve Westlake's self sufficiency
A. Hired a Finance Director to streamline accounting process
B. Hired a Public Works Superintendent to relieve outside
contractors of a portion of their duties
iv
Ill. Continue to evaluate new revenue enterprises
The Town realized $271,282 in duct bank revenues in 2.00212003 and expects
more in 2003/2004.
IV. Attract new retail and commercial development in compliance with Town
standards.
While the mall project is currently unknown, the Town has attempted to
assist Maguire Partners in business attraction as well as supported the local
and regional commercial real estate community. It is hoped that the
properties owned by Hillwood along 377 and 170 may develop in FY
2003/2004.
V. Budget, Organize, Staff and Open the Westlake Academy, Fall '03
Completed
Vl. Prepare plan to move Westlake Fire/Rescue to permanent facilities
This plan was delayed due to the mall delay.
FY 2003/2004 Budget
The FY 2003/2004 Budget consists of five funds, however, we are budgeting with the expectation
that the 4A Development Fund will be replaced by a Crime Control District.
The General Fund
The General Fund supports the bulk of the Town's services. A portion of the Town's sales tax,
development and permit fees, citation revenue, and miscellaneous other revenues support this fund.
Expenditures from this fund include non -enterprise fund personnel costs, Westlake Fire and Rescue
expenditures, street and park right-of-way maintenance, Municipal Court expenditures, and general
operating costs of the Town.
The most significant cost increases proposed for FY 2003-2004 results from the planned dissolution
of the 4A Fund. These historic expenditures were disallowed by the 780' legislature. Another major
cost is proposed in an effort to boost revenues. The staff of Westlake DPS who are also certified as
police will work a combined (5 officers working 8 hours apiece) forty hours a week collecting
warrants, and occasionally issuing citations. A new position of Personnel Manager is a lateral
transfer for the current Office Manager position. An Accounts Payable Clerk/Receptionist will be
hired to greet the public, help the Finance Director, and to better control the accounting system of
the Town. The Town budget also includes a full year of a Public Works Superintendent, who began
in late 2003.
Revenues are expected to increase next year due to an increase in Building Permits, Warrant
Collections, and Franchise Taxes from Tri -County Electric. The additional revenues from Building
permits are due to a surge in residential building in the Town. Along with the increased
development is a new plan for collecting warrants. Tri -County has agreed to raise franchise fees
from 3% to 4% to generate an additional $54,034 in revenue to the General Fund.
The Utility .Fund
The Utility Fund provides all water, sewer, and telecommunication duct bank services to the Town.
Water service to the Town is expanding as the new Overhead Storage facility comes on line to
reduce peak expenses and supplement supply and pressure. This year, the Utility Fund will be able
make scheduled loan payments to the 4B Corporation and the General Fund. For the first year, the
Utility Fund will also make payments on the debt service for the Westlake/Feller Overhead Storage
Tank.
Rates are still a major concern. Due to the large debt and relatively small number of customers, the
fund barely pays its own costs and ha not been able to refund all the start up money provided by
General Fund reserves. Water, Sewer, and Duct Bank revenue does not supplement the General
Fund nor Utility Fund operations.
The Utility Fund has leased two sections of duct bank each for 20 -year leases totaling $271,282. By
the end of the year, the Town hopes to receive new leases from Verizon, SBC, MCI, and hopefully
Charter Communications.
The Westlake Visitors Association
Established in late FY 1999-2000, this fund collects 7% of the gross receipts on most services
offered to visitors of Marriott and future Westlake hotels. FY 2402-2003 saw the first large
expenditure from the Visitor's Fund which totaled $225,000 for the cost of a Visitor's Center at the
Civic Campus. The Visitor's Center approved by the bonds, is integrated into the Civic Campus
site and is the first fully funded and completed project of the Visitor's Association. Several visitors'
oriented capital projects will be considered for the 2003/2004 budget to enhance tourism.
The Town has provided the Marriott Hotel with a collection of Westlake Historical Journals to
furnish the hotel rooms. This will allow the Visitor's Fund to assist in funding the Westlake
Historical Preservation Society.
4A Development Fund
The 4A Development Fund collects a % cent sales tax for the purpose of creating jobs and
encouraging development. 4A has made grants and loans which have been used to reimburse
Fidelity Investment and construction of the telecommunication duct bank as well as other capital
projects in Westlake. However, the Texas Legislature passed a bill this year limiting the uses of 4A
funds, severely reducing their application to Westlake.
The Town proposes to keep the 4B tax but, dissolve the 4A tax, and simultaneously adopt the Crime
Control District at a level of 1/z cent per dollar spent. The Crime Control District would result in
revenues of $355,004 to help offset the cost of the Keller Police Contract, which will cost $646,964
for FY 03/04.
Once 4A is dissolved, the remaining balance will be transferred to the General Fund and become
available for standard operating and maintenance costs incurred by the Town.
4B Development Fund
The 4B Development Fund operates in a similar fashion to the 4A fund, by collecting an additional
%2 cent sales tax to be used for qualified development projects. The limitations on the use of these
funds however, are less restrictive than the amended Section 4A, but nevertheless, reduce the
V1
Town's discretion of spending these funds. As a result, 4B will be primarily used for debt service
payments related to job generating activities of the Town.
Crime Control District
The goal of a Crime Control District is to provide municipalities with dedicated fiends that are
intended for uses pertaining to crime prevention. A Crime Control District may collect 118, 114, or
112 cent sales tax except that it may not be applied to electric sales as in the case of 4A. It is the
recommendation of the staff to adopt the 1/z cent option to replace 4A dollars.
Summary
The FY 2003/2004 Budget is generally a "hold the line" budget. The changes recommended either
reduce current costs to the Town, increase revenues, or provide additional services based on
demand. We have not budgeted for the major staff changes, which will need to occur to
accommodate the construction of the mall
As always I appreciate the hard work of the staff in developing the budget. Special thanks and
recognition are due; Dawn Lenzie, Assistant to the Town Manager; Corey Fickes, Budget Manager;
Debbie Piper, Finance Director; and Todd Wood, Personnel Manager; as well as Don Wilson and
Amanda DeGan for their help in keeping their respective departments running efficiently and
maintaining an aggressive level of service with conservative budgets and creative ideas.
Sincerely,
Trent Pet
Town Manager
Vii
TABLE OF CONTENTS
Town Officials i
To<<vn Or:;auiza(ion Chart ii
Defter to IMayor and Aldcruian iii
Table of Contents viii
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Introduction
x
Basis of Accounting/Budgeting
xi
Budget Process
xii
Budget Amendment Process
xiii
General Fund
xiv
Utility Fund
xvi
Westlake Visitors Association
xvi
Long Term Financial Plan
xviii
Employee Summary
xx
Goals Report
xxi
GENERAL FUND
Fund Summary
1
Income Detail
3
Expenditure Detail
5
Public Safety Detail
9a
Receivables and Payables From Other Sources
10
Repayment Scliedules
11
Board Appointed Entities
16
UTILITY FUND
Fund Summary 17
Income 18
Expenditures 19
Receivables and Payables From Other Sources 21
Repayment Schedules 22
WESTLAKE VISITORS ASSOCIATION
Fund Summary 25
Income 26
Expenditures 26
Receivables and Payable From Other Sources 27
viii
DEVELOPMENT" FUNDS
4A
Fund Summary
28
Receivables and Payables From Other Sources
29
413
36
Fund Summary
30
Receivables and Payables From Other Sources
31
Repayment Schedule
32
Crime Control District
Fund Summary
33
Receivables and Payables From Other Sources
34
CAPITAL PROJECTS
Capital Project Details
General Fund
Civic Campus
35
377 R.O.W. Purchase
36
FM 1938 Engineering
37
FM 1938 / 1.14 Interchange Improvements
38
Dove Road Overlay
39
Westlake Visitor's Association
Blacksmith & Forge Statue
40
Entryway Improvements at Dove & Pearson Drive
41
Westlake Restoration Project
42
Paint Retaining Walls at Westlake Parkway & 114
43
4A Development Corporation
Bridge Enhancements
44
Duct Bank Infrastructure
45
Circle T Mall Development
46
4A Loan to Westlake Academy Foundation
47
4B Development Corporations
Keller/Westlake OH Storage Connection to Dove Rd. Water Line
48
Park & Open Space Planning
49
Master Thoroughfare Update — Retail Development
50
Ottinger Overlay
51
Permanent DPS Facility
52
Unfunded Needs 53
ix
INTRODUCTION
The Town of Westlake 2003/2004 annual operating budget is the result of many hours of
deliberation as well as a response to both internal and external forces that have defined fiscal
boundaries in its preparation. The mission is to produce an accurate and user-friendly budget
document that can be utilized as a resource tool by the Board of Aldermen, the Town staff and the
citizens of Westlake. To accomplish this mission., a set of budget preparation guidelines, which
represent generally accepted budgeting practices, has been established:
1. The annual operating budget presents appropriations of expenditures and estimates of revenues
for all local government fiands, including sales tax revenues, franchise tax, mixed beverage tax,
licenses and permits, development fees, sales of printed material and interest income.
2. The annual operating budget illustrates expenditures, anticipated revenue and estimated impact
on reserves and or surpluses.
3. Revenue projections are prepared for each revenue source based on an analysis of past revenue
trends and current fiscal conditions.
4. The budget process includes a multi-year projection of capital improvement requirements.
S. A budget message, which summarizes local financial conditions and the principal budget issues
the locality must face, is presented to the governing board along with the annual budget.
The data for each fund is organized similarly:
• Program Summary
• Goals Report
• Revenue Detail
• Capital Expenditure Details and Expenditure Projects
• Funds From Other Sources Detail
BASIS OF ACCOUNTING/BUDGETING
All governmental fund types are budgeted and accounted for on a GAAP basis for purposes of
financial statement Presentations. The FY 2003/2004 Budget complies with GAAP 34 reporting
requirements and is consistent with the expanded reporting required by GAAP 34. All funds use a
financial resources measurement focus and are accounted and budgeted for using the modified
accrual basis of accounting. Under the modified accrual basis of accounting, revenues are recorded
when susceptible to accrual, i.e., both measurable and available. Available means collectable
within the current period or soon enough thereafter to be used to pay liabilities of the current period.
Expenditures represent a decrease in net financial resources and, other than interest on general long-
term debt, are recorded when the fund liability is incurred, if measurable. Interest on general long-
term debt is recorded when due.
The Proprietary Fund types are accounted and budgeted for on a cost of services or "capital
maintenance" measurement focus, using the accrual basis of accounting. Under the accrual basis of
accounting, revenues are recognized when earned and expenses are recognized when incurred, For
purposes of this budget presentation, depreciation is not displayed and capital expenditures and
bond principal payments are shown as uses of funds.
Governmental Fund Types
Governmental fund types are those through which most governmental functions of the Town are
financed. 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. The following are the Town's governmental fund
types.
1. The General Fund is the general operating fund of the Town. It is used to account for all
revenues and expenditures except those required to be accounted for in other funds.
Westlake Fire & Rescue as well as the Interlocal agreement with Keller for Police services
are two major functions financed by the General Fund.
2. Special Revenue Funds are used to account for the proceeds of specific revenue sources,
other than expendable trusts or major capital projects. An example would be federal block
grant funds or similar revenues. Following are our special revenue funds:
Economic Development Corporation 4A and 4B funds are provided as local options, under
section 4A & 4B of the local government code. The funds are generated from a 112 cent sales
tax levy for each Economic Development Corporation. The proceeds are used for general
economic development and infrastructure support.
0 Westlake Visitors Association is the result of a 7% hotel occupancy tax adopted within the
Town of Westlake in FY 99 — 00. A 7% tax on hotel stays and services within the Town
generate the funds. The proceeds are required to be used for the promotion of travel and
tourism in the Town of Westlake.
KAI
The Crime Control district, proposed in this budget, generates funds in a similar
method as the 4A and 4B Development funds. A 1/z cent sales tax will be collected for crime
prevention purposes but is not charged to electricity costs
Capital Projects Funds are used to account for .Financial resources to be used for the
acquisition or construction of major capital facilities. This fund budget is driven by
estimated construction costs for each project scheduled for a specific construction period.
Therefore, it has a proj ect budget, which may span more than one budget year. These have
been divided into three types:
• General Government Capital Projects are those projects that are typically funded with
general obligation bond funds, state and federal grants, and transfers from the general fund.
Utility Capital Projects are projects for the Utility fiends. Funding sources are typically
revenue bond funds or water and wastewater impact fees.
Westlake Visitor's Association Capital Projects are projects for the Visitor's Association.
They are used to generate tourism and interest in the Town and are funded by the hotel/motel
tax.
Proprietary Fund Types
Proprietary fund types operate in a manner similar to private business utilizing an accrual basis of
accounting.
Enterprise Funds — are used to account for operations that are either financed and operated in a
manner similar to private business enterprises, or where the governing body has decided that
periodic determination of revenues earned, expenses incurred, and/or net income is appropriate for
capital maintenance, public policy, management control, accountability or other purposes.
• The Utility Fund accounts for water, wastewater and telecommunications conveyance
(duct bank) services for the residents of the Town. All activities necessary to provide
such services are accounted for in the Fund, including administration, operations,
maintenance, financing and related debt service, and billing and collection.
THE BUDGET PROCESS
The Town Manager submits the budget to the Board of Aldermen. The Town's fiscal year runs
from October 1 through September 30.
Prior to the beginning of the fiscal year, the Town Manager must submit a proposed budget, which
includes:
• A budget message
• A consolidation statement of anticipated receipts and proposed expenditures for all funds
• General fund resources in detail
• Special fund resources in detail
• A summary of proposed expenditures by function, department and activity
xii
Detailed estimates of expenditures shown separately for each activity to supportthe proposed
expenditure
The appropriation ordinance and the tax levying ordinance (if applicable)
The proposed revenues and expenditures must be compared to prior year revenues and
expenditures.
The budget preparation process begins early in the calendar year with the establishment of overall
town goals and the analysis of current year operations compared to expenditures. Budget policies
and procedures are reviewed at the same time to reduce errors and omissions, Funding
levels/programs are agreed upon and the proposed budget is presented by the Town Manager to the
Board of Aldermen. A public hearing on the budget is conducted according to state and local law.
This meeting is held after the Board has reviewed the budget. The Board of Aldermen approves a
level of expenditure (or appropriation) for each fund to go into effect October 1, prior to the
expenditure of any Town funds for that budget year.
BUDGET AMENDMENT PROCESS
The Town Manager may request that the current year budget be amended. The Town Manager will
review the documentation and draft an ordinance that will amend the current budget. This
ordinance is then presented to the Board of Aldermen at a regularly scheduled Board of Aldermen
meeting for Board consideration. After considering the amendment, the Board of Aldermen votes
on the amendment. If the amendment is approved, the necessary budget changes are then made.
All budget amendments will be approved by the Board of Aldermen prior to the expenditure of
funds in excess of the previously authorized budgeted amounts within each department of the Town.
GENERAL FUND
Revenues
Funding of the Town's General Fund operations is derived from four revenue categories. Each of
these categories is detailed below with a brief description, how internal and external factors affect
revenue amounts and how amounts differ from the prior year. Revenues for FY 2003/2004 are
projected to be $3,354,819 as compared to FY 2002/2003 total of $2,702,810. The 24% increase
occurs largely as a result of the balance transfer from the dissolved 4A fund to the General Fund to
cover the cost of the Keller Police Contract.
Sales &[Tse Taxes
Sales tax receipts are the result of a tax levy on the sale of goods and services within the Town as
authorized by the State of Texas. The maximum sales tax allowed in the Town of Westlake is
8.25% per dollar on all goods and services deemed taxable. The State remits to the Town, on a
monthly basis, an amount equal to 1 % of the taxable sales within the Town, for the general fund, in
addition to .5% to each of the two economic development corporations, which were formed for the
benefit of the Town of Westlake.
In FY 2003/2004 a change in the way sales tax will be recognized will occur if 4A is dissolved and
the Crime Control District is enacted. If the voters of the Town of Westlake choose to make this
change, sales tax revenue in the Crime Control District will be slightly lower because the .5% tax
does not apply to electricity purchased in the Town. This change will cause revenues in the Crime
Prevention Funds to be between 34% lower than the Economic Development Fund's (413)
revenues.
Sales taxes are budgeted to be slightly lower for FY 2003/2004 due to surplus anomaly which
occurred in FY 2002/2003 as a result of a sales tax spike by one Westlake business. This will not
be duplicated in FY 2003/2004 and cannot be considered sustaining revenue. Alcoholic beverage
taxes are the result of mixed beverage and -private club registration permits remitting a 14% mixed
beverage gross receipt tax to the state. The state then remits 10.7143% of those taxes to the Town.
The Hotel Occupancy Taxes are obtained through the assessment of a 7% hotel occupancy tax.
Authority granted by the State of Texas allows cities to levy a tax not to exceed 7% of the rental
rate for a hotel/motel room. Funds generated by the occupancy tax are required to be used in a
manner, which directly enhances and promotes visitors, tourism, and the convention and hotel
industry. Sales and use taxes constitute the largest revenue source for the general fund.
Franchise Taxes
The FY 2003/2004 budget includes a raise in electric franchise fess from the existing 3% to 4%.
Tri -County has verbally agreed to the change but would like to negotiate if Westlake ever imposes a
property tax. This equates to an additional $54,034 for the upcoming year.
Licenses & Permits
License and permit revenue includes fees charged by the Town for certain types of operator licenses
and permits for construction and other items regulated by Town ordinances. Commercial building
xiv
activity is expected to improve throughout 2003/2004. Revenue projections should remain constant
for this category based on the expectation that residential and commercial construction activity will
continue at the current rate.
Miscellaneous Revenue
Includes the sale of printed materials as well as interest earned.
Expenditures
FY 2003/2004 proposes operating expenditures in the General Fund to total $3,309,668. This
compares with $2,660,996 projected in FY 2002/2003 for an increase of 25%. The increases appear
to be much larger than prior years primarily because of the transfer of 4A balance and what would
have been 4A expenditures to the General Fund once 4A is dissolved.
Consultant Expenditures
900,000
9
800,000
700,000
600,000
500,000
O
E 400,000
300,000 -
200,000
100,000
0
2000/2001 200//2002 2002/2003 200312004
Year
Other increases in expenditures, are intended to decrease expenses elsewhere and help the Town in
its goal of becoming self-sufficient. As seen in the chart above, Consultant expenditures have
decreased drastically in the past four years as the Town internalizes operations and reduces its
dependence on outside sources. Expenditures were adjusted down. in FY 2002/2003 at the
beginning of the year when it was thought revenues would be lower than expected. Sales tax
however, rebounded so the General Fund should end the year with a net gain. FY 2002/2003 actual
revenues are expected to be $2,702,810 with expenditures totaling $2,646,996.
xv
UTILITY FUND
The Utility bund accounts for water and wastewater services for the residents of the 'Town. All
activities necessary to provide such services are accounted for in the fund, including administration,
operations, maintenance, financing and related debt service, and billing and collection. In addition,
this fund contains the planning and implementation of the "Westlake Duct Bank". The duct bank is
a series of conduit designed to house all telecom and transmission lines in Westlake. The duct bank
is a public/private partnership that utilizes private sector capital, town planning and engineering g and
town operation. Phase I was completed in FY 2000/2001 and became ready for occupancy in FY
2001/2002. The first leases were entered into in late FY 2001/2002. This year, payments totaling
$271,282 were realized from Verizon and Southwestern Bell.
Revenue
The Utility Fund receives revenues from water sales, wastewater services, and the duct bank. FY
2002/2003 revenues are projected to end with a total of $1,030,084. FY 2003/2004 proposed
revenues are budgeted at $977,850.
Water Rates
Westlake has one of the highest water rates in the State of Texas. A common misconception is that
the Town subsidizes operating revenue for General Fund services by Water and Sewer revenue. On
the contrary, the opposite has been the historic reality. The Town's Water and Sewer Revenues
total $730,000; of that total, $490,996 is dedicated to pay debt associated with the construction of
facilities. The remaining revenue covers normal operating costs. Once Westlake is able to put
more customers on the system, the rates will drop. This will especially be the case if heavy
commercial development occurs to affect the current residential burden.
Expenditures
FY 2002/2003 projected expenditures in the Utility Fund total $956,008. The expenditures are
higher than budgeted this year due to an invoice from the City of Southlake for the N-1 sewer line.
The bill covers over 2 years of service, which Southlake is only now billing. If the proposed
dissolution of 4A occurs, the debt to 4A for duct bank construction will be forgiven and the
projected annual payments of $95,000 will no longer be necessary. FY 2003/2004 proposed
expenditures for the Utility Fund total $909,162. For the past two years, the Utility Fund has
borrowed heavily from the Town's other funds. At the end of FY 2002/2003, the Utility Fund will
have repaid all loans from other funds.
WESTLAKE VISITORS ASSOCIATION FUND
Hotel Occupancy Taxes are allocated to this fund and obtained through the assessment of a 7%
hotel occupancy tax. Authority granted by the State of Texas allows cities to levy a tax not to
exceed 7% of the rental rate for a hotel/motel room. Funds generated by the occupancy tax are
required to be used in a manner, which directly enhances and promotes tourism and the convention
and hotel industry.. Hotel occupancy revenue was greater than expected for FY 2002/2003.
xvi
Major projects budgeted for Board consideration this year are three items intended to begin an
aggressive program of visitor attraction to Westlake. The first is a life size bronze statue of the
symbol of the Westlake Academy; a blacksmith complete with a perpetual burning forge. The
Town is also planning on designing and constructing entryways for Dove and Pearson Drive so
visitor's to the Town will be aware of Westlake's boundaries, as well as provide residents with a
sense of community. Third, the Westlake Historical Renovation project designed to acquire and
reconstruct historic buildings in North Tarrant and South Denton County to put back in service in a
historic multi -use village to be constructed as a buffer for heavy retail and commercial to hotel, golf
and residential land uses. The location is still under consideration.
Revenues for the Westlake Visitor's Association are based on the Hotel/Motel tax and interest
income on the account. Revenues for FY 2002/2003 are projected to be $390,188. While next year,
revenues are proposed to total $359,000. Proposed ending balance for FY 2003/2004 is $744,346.
Expenditures for Administration, Accounting, and management of the Westlake Visitor's
Association Fund are $113,258 for FY 2002/2003. FY 2003/2004 proposed expenditures for the
Westlake Visitor's Association total $86,473. The decrease in expenditures is due to a more
representative allocation of expenses across the fiends.
xvii
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Employee Summary
FY 200312004
9/9/2003 xx
FY 00-01
FY 01-02
FY 02-03
FY 03-04
Town Manager
1
1
1
1
Assistant to Town Manager
1
1
1
1
Finance Director
0
0
1
1
Part-time Intern
1
1
1
1
Office Manager
0
1
1
0
Personnel Manager
0
0
0
1
Administrative Assistant
0
1
1
0
Public Works Superintendent
0
0
0
1
Part -Time Parks & Recreation Coordinator
0
0
0
1
Town Secretary
1
1
1
1
Accounts Payable Clerk
0
1
1
1
Fire/EMS Coordinator
0
1
1
1
Firemen/Medics
0
0
9
9
Municipal Court Clerk
0
1
1
1
Municipal Court Deputy Clerk
0
0
0
1
Municipal Court Judge
0
1
1
1
Municipal Court Marshall
0
1
1
1
Total
4
11
21
23
9/9/2003 xx
Town of Westlake
Goals Report
IY 2903/2004
1, Meet growing residential service demand
a. Improve water and wastewater equipment efficiency
b. install pressure reduction valve in Dove Rd. line
c. Modify Fort Worth main valve to eliminate peak charge
d. Install SCADA system for remote monitoring
e. Take over meter reading
f. Take over water and sewer billing
g. Take over maintenance at Glenwyck Farms (contractual)
h. Improve Ottinger Rd.
i. Improve Dove/Pearson Intersection
j. Install N-1 SCADA
k. Transfer N-1 connection to TRA
I° Support the revocation of 4A and adoption of Crime Control District to maximize service impact of sales tax
dollars
m. Provide justification for reduction in residential water rates
n. Improve on-line access to community services
2. Strongly pursue commercial and retail development to expand sales tax base
as Facilitate mall construction if project moves forward
b. Create infrastructure reimbursement mechanism
c. Enter into Section 380 Agreement
d. Require new traffic studies to buffer residential areas
e. Continue to spearhead FM 1938 construction
f. Protect Fidelity private roadway
g. Update Master Thoroughfare Plan - Developer paid
h. Update Master Parks/Open Space Plan - Developer paid
1. Conduct election to allow sale of on premise mixed beverages to support restaurant attractiveness
j. Install FM 1938 water line extension - Fidelity paid
k. Gain 3771170 retail commitment
I. Support Solana space leasing
m. Identify and secure new grant funds to support small business
3. increase revenue without raising rates or implementing property tax
a. Reduce outstanding warrant backlog
b. Sell additional duct bank space leases
4. Reduce spending without reducing services
a. Investigate additional water sources for park and open space irrigation
b. Reduce reliance on outside consultants when cost can be reduced by using in-house personnel
c. Privatize or contract services that can be conducted more efficiently and effectively
xxi
5. Maintain competitive and motivated workforce
a. Increase salaries 5%
b. Maintain current benefits
c. Complete Employee Handbook (in-house)
d. Develop pay step system for all employees
6. Support Community Involvement activities
a. Support Tree City USA events
b. Support Westlake Historical Society efforts
7. Improve Westlake Hotel occupancy
a. Kickoff Westlake Art Fund
b. Kickoff Westlake Historic Renovation and Revitalization Project
c. Provide direct advertising and marketing support for Marriott
2002!2003
1. Update Master Thoroughfare Plan
a. Because of the uncertainty of the mall, the pian update has been put on hold
2. Update Master Open Space Plan
a. Because of the uncertainty of the mall, the plan update has been put on hold
3. Update Comprehensive Land Use Plan and Zoning Maps
a. Because of the uncertainty of the mall, the plan update has been put on hold
4. Improve'Westlake's self sufficiency
a. Hired a Finance Director to streamline accounting process
b. Hired a Public Works Superintendent to relieve outside contractors of a portion of their duties
5. Continue to evaluate new revenue enterprises
a. This is an on-going goal of the Town and retrains a continuous effort
6• Attract new retail and commercial development in compliance with Town standards
a.
While the mall project is currendy unknown, the Town has attempted to assist Maguire Partners in business attraction as
well as supported the local and regional commercial real estate commwaity and provided information about Westlake. It is
Hoped that the properties ovvned by Hillwood along 377 and 170 may develop in FY 2003/2004.
7. Budget, Organize, Staff and open the Westlake Academy, Fall 2003
a. Completed
8. Prepare plan to move Fire/EMS to permanent facilities
a. This plan has been delayed due to the mall delay
200112002
1. Continue to maintain and improve service and development standards
a• Insure that all quality standards adopted for the Town via the UDC are also adopted for the PD's
b. Update the master thoroughfare plan to protect residential standards and improve commercial access and
attractiveness
c. Update open space (trail) plan as major new developments occur
d. Overlay Dove Rd. from east city limit to FM 1938
e. See that all residents have adequate telecom utility choices
2. Improve revenue -generating capacity
a. tease FM 1938 section of duct bank, Vaquero section, and Kirkwood section (yield approximately 250k for
twenty year lease)
b. Investigate creation of home/business alarm enterprise
c. Complete 50,000 sq. ft. of new commercial sales tax producing enterprise
3. Provide financial and planning support for the Westlake Academy
a. Conduct space utilization plan and design for joint facilities
b. Sell bonds for project and begin capitalizing interest where applicable
c. Secure site
d. Hire headmaster in 4th quarter
4. Insure that development revenues support development costs
a. Establish PO system of charges for professional services that is Capital Project based
b. Perform fund accounting audit to identify and separate development costs and revenues
5. Improve cost efficiency and quality of professional services to the Town
a. Investigate costs, structure, service and efficiency comparison for independent Department of Public Safety
b. Hire full time employees in areas that have exceeded consultants and/or contracted agents effectiveness
and/or efficiency
General Fund
Program Summary
General Fund
Actual
FY 01102
Amended
FY 02103
Projected
FY 02103
Proposed
FY 03104
Beginning Balance
1,987,653
1,807,054
1,806,902
1,624,384
Revenue '*
2,578,603
2,318,559
2,702,810
3,354,819
Transfers In
803,306
-
1,377,858
2,180,430
Expenditures
2,335,693
2,270,836
2,660,996
3,309,668
TransfersOut- Reserves
1,226,967
474,590
1,602,190
2,265,951
Ending Balance
1,806,902
1,616,402
1,624,384
1,584,013
Restricted Funds
496,121
259,802
157,390
186,240
Funds Available
1,310,781
1,356,600 1
1,466,994
1,397,773
# Days Operating in Reserves
2821
2601
223
175
* Revenue includes the 112 cent sales tax which will be recognized by the Crime Control District. This revenue is
in the General Fund Operating Budget because the Town's expectation is that the money will be automatically
transferred every month to defray a portion of the Keller Police Contract.
9/9/2003
2:55 PM
General Fund
Program Summary
General Fund Transfers In
Actual Amended
FY 01/02 FY 02103
Projected
FY 02103
Proposed
FY 03104
Transfers In
Transfers Out
Utility Fund
TC / WL DPS 2000/2001 Shortfall
90,695
4A Dissolved Funds
- -
-
1,176,437
4B Debt Service for Civic Campus
- -
-
742,080
Civic Campus Bond Funds
- -
927,600
261,913
Bond Interest Earnings (Prior Year)
-
232,024
-
Capital Projects
-
4A Dissolution for Crime Control District
-
FM 19381 114 Interchange Improvements - 4A
-
218,234
Utility Fund Loan
Auditor's Corrections (for prior years)
803,306
157,390
186,240
Total Transfers In
803,306 1 -
1,377,858
2,180,430
General Fund Reserves Transfers Out
Actual
FY 01/02
Amended
FY 02103
Projected
FY 02103
Proposed
FY 03/04
Transfers Out
TC / WL DPS 2000/2001 Shortfall
90,695
-
-
-
DPS 1st Quarter Payment TC 1 WL
97,295
-
-
-
TC 1 WL DPS Buyout
100,251
-
-
75,000
Keller Police Services 6/02-9102
108,094
-
-
-
4A Dissolution for Crime Control District
-
102,412
-
530,296
Utility Fund Loan
496,121
259,802
157,390
186,240
Duct Bank Reimbursement - Vaquero
-
38,420
38,420
-
Keller Reimbursement 2000
40,400
-
Peak Payment
95,000
-
-
2002 Certificates of Obligation
-
927,600
742,080
2003 Certificates of Obligation
-
261,913
Capital Projects
377 ROW Purchase from TxDOT
-
221,000
221,000
-
Civic Campus
79,870
-
-
Dove Road Escrow
85,000
-
-
-
Dove Road Overlay
30,000
-
-
Fire & Rescue
319,892
215,170
215,170
-
FM 1938 Escrow
140,000
200,000
458,662
FM 1938 / 114 Interchange Improvements
_
_
_
273,000
Circle T MUD Deannexation
40,470
-
-
Total Transfers Out
1,226,967
474,590
1,602,190
2,265,951
General Fund - Restricted
Actual
FY 01102
Amended
FY 02/03
Projected
FY 02103
Proposed
FY 03104
Restricted Funds
Court Security
26,953
41,138
41,138
56,488
Court Technology
30,434
41,252
41,252
54,752
Trail Escrow
75,000
75,000
75,000
75,000
FM 1938
363,734
102,412
-
Total FM 1938
363,734
102,412
-
-
Total Restricted Funds
496,121
259,802
157,390
186,240
9/9/2003
2:55 PM
Income
313.000 Sales Tax
313.100
Sales Tax Revenue
Total 313.000
Sales Tax
314.300 Mixed Beverage Tax
314.300
Mixed Beverage Tax
Total 314.300
Mixed Beverage Tax
318.200 Franchise Taxes
318.210
Other
318.211
AT&T
318.220
Verizon
318.240
TXU Gas
318.250
Charter Communication
318.260
One Source
318.270
Southwest Bell
318.280
Tri County Electric
318.290
Trinity Waste Services
Total 318.200
Franchise Taxes
322.000 Licenses
& Permits
322.100
Building Permits
322.200
Liquor Permit Fees
Total 322.000
Licenses & Permits
330.000 FlreIEMS Income
330.100
EMS User Fee
330.200
Fire Code Permits
Total 330.000
FirelEMS Income
341.300 Development Fees
341.310
Development Fees
341.320
Contractor Registration Fees
341.330
Special Event Fee
Total 341.300
Development Fees
341.400 Sales of Printed Material
341.400
Sales of Printed Material
* 370.000
Historical Journal Subscriptions
Total 341.400
Sales of Printed Material
351.000 Westlake Court Revenues
351.100
Citation Revenue
351.200
Court Technology
351.300
Court Security
351.400
Warrant Rev. - Supplemental Officers
351.500
Warrant Fees
351.600
NSF Check Fees
351700
Court Efficiency Fees
General Fund
Budget
2003/2004
Actual
Budgeted
Projected
Proposed
FY 01102
FY 02103
FY 02/03
FY 03104
594,407 900,000 900,000 750,000
584;407 900,000 900,000. 73fJ,ft00,;
9,256 10,000 9,500 8,000
3,427
9,400
6,152
6,000
68,222
41,000
35,000
40,000
1,723
2,100
2,724
2,724
6,595
6,500
6,000
7,000
157
152
160
180
337
550
550
606
93,403
87,000
87,327
87,350
164,721
135,000
145,966
200,000
8,761
5,400
7,500
8,000
208,383 200,000 300,000 250,000
1,420 1,100 750 750
0 6,500 6,500 10,680
1,200 1,000 338 500
29,005 200,000 175,000 170,000
6,500 12,000 15,600 15,600
500 500 500 500
600 500 507 500
1,500 9,500 0
373,677
450,000
482,054
475,000
15,931
20,000
19,825
22,500
11,972
15,000
15,056
17,000
0
0
0
168,000
7,000
8,706
10,000
175
1,200
576
1,200
0
220
0
250
9/9/2003
3
2:55 PM
Income
Total 351.000 Court Fees Received
361.000 Interest Earned
361.100 Gen. Fund interest Earned
361.200 Muni. Court Interest Earned
361.300 Bond interest Earned
Total 361.000 interest Earned
375.000 Glenwyck Farms H.O.A. Reimbursement
394.000 Misc. Income
Transfers From Other Sources
EMS Startup
DPS Shortfall 2000/2001
DPS 2001/2002 1st Qtr. Payment
TC 1 WL DPS Buyout
Keller Police Contract 6102-9102
Kaleidoscope i WL Acad.
Dove Road Overlay - Private
Glenwyck Farms Waterline
EMS Grants
FM 1938
Rowland Arthur
Maguire Partners
Southlake, Keller
MUD Deannexation
Duct Bank Reimbursement - Vaquero
Total Transfers From Other Sources
Transfer From Utility Fund
Repayment of Infrastructure Loan
Interest Earned on Loan Repayments
Total Transfer From Utility Fund
Transfer From Crime Control District
Crime Control District for Keller Police
Total Transfer From Crime Control District
4A Dissolution Revenue For Keller Police
Total Income
Total Expenses
Net to General Fund
General Fund
Budget
2003/2004
Actual
Budgeted
Projected
Proposed
FY 01102
1 1 FY 02103
FY 02143
FY.03104
401,755 1 493,420 1 526,217 1 693,950
41,380 17,000 17,000 18,000
87 50 60 60
103,000 5,500
319,892
0
0
0
90,695
0
0
0
97,295
0
0
0
100,251
0
0
0
108,094
0
0
0
79,871
0
0
0
85,000
0
0
0
15,000
0
0
0
0
0
211,413
0
0
0
0
101,739
0
0
0
246,353
0
0
0
73,713
40,470
0
0
0
0
38,420
0
0
0 135,000 135,400 0
14,217 0 0
0 0 0 116,668
2,578,603 2,318,559 2,702,810 3,354,819
2,335,693 2,270,836 2,660,996 3,309,668
See Attached sheet, Board Appointed Entities
* Assumes Crime Control District is adopted by Westlake voters in November Election.
9/91201)3
4 2:55 PM
Expenses
410,100 Payroll Expenses
410.110 Salaries
410.110 Salaries
410,120 Internships
Tota1410J10 Salaries
410.130 TMRS
410.140 Insurance
490.141 Health
410.142 Dental
410,143 LTD, AD&D, Life
Total 410.140 Insurance
410.150 Worker's Compensation
410.160 Admin. Fee
410.100 Payroll Expenses -Other
Tota1410.100 Payroll Expenses
410.200 Payroll Taxes
410.220 FICA
410.221 Medicare
410.253 Unemployment Taxes
Total 410.200 Payroll Taxes
410.300 Professional Services
410.310 Administrative Expense
410.310 Administrative Expense
Total 410.310 Administrative Expense
410.320 Traffic Services
410.330 Legislative
410.350 Engineering Fees
410.351 Civil Engineering
410.353 Duct Bank Engineering
410.354 Legal Engineering Fees
410.355 Misc. Engineering Fees
Total 410.350 Engineering Fees
410.360 Legal
410.361 Boyle & Lowry
410.362 Goins, Underkofier
410.363 Lloyd, Gosselink
410.364 Misc. Legal
Total 410.360 Legal
General Fund
Budget
2003/2004
Actual.
Budgeted
Projected
Proposed ,
FY 01102
FY 02103
FY 02103
FY 03104 .
106,722 156,450 150,000 175,421
0 0 8,500 22,440
7,750
15.000
10,482
11,000
1,995
3,000
2,571
3,369
1,053
1,500
1,500
9,711
2,080
i [ `
/323
j3C2�3
55
1,203
1,203
3,257
65
0
0
0
893
500
499
750
4,889
6,610
9,827
12,267
1,556
1,600
2,298
2,869
3,951
2,�5y0/0�
0
0
2,080
i [ `
/323
j3C2�3
3&¢,009
?3,000
121;250
200;040'
87,360
29,030
46,432
102,375
171,313
20,000
45,000
25,000
6,890
0
0
0
4,080
0
0
0
2,080
2,500
1,735
2,500
290,437
90,000
85,000
165,000
40,096
1,000
15,000
25,000
10,153
6,000
6,250
0
45,322
6,000
15,000
10,000
3&¢,009
?3,000
121;250
200;040'
5
9/9/2003
2:55 PM
Expenses
410.370 Planners Fees
410.371 Planners Fees
Total 410.370 Planners Fees
410.380 Professional Consulting Fees
410.380 Professional Consulting Fees
410.381 Technology Consultant
Total 410.380 Prof. Consulting Fees
410.380 Financial Consultants
410.390 Financial Consultant
410.391 Auditor
Total 410.391 Financial Consultants
Total 410.300 Professional Services
410.400 Contracted Services
410.410 DPS Expense
410.411 Trophy Club 1 Westlake DPS
410.412 Shortfall
DPS 200112002 1st Qtr. Payment
TC I WL DPS Buyout
410.413 Keller Police Contract
Total410.410 DPSExpense
410.420 Maintenance & Repairs
410.421 IT Infrastructure
410,422 Copier Repairs & Maint.
410.423 Road Repairs & Maint.
410.424 Sign Repair & Maint.
410.425 ROW Irrigation
410.426 Facilities Maintenance m Civic Campus
410.427 Mechanical System Maintenance
410.428 Landscape Maintenance
iGlenwyck Farms
ROW/Civic Campus
Accounting Software Maintenance
Total 410.420 Maintenance & Repairs
410.430
Courier Service
410.450
Codification
410.460
Building Inspection
Total 490.400
Contracted Services - Other
410,440 Rent
410.441 Office Rent
Total 410.440 Rent
Genera[ Fund
Budget
200312004
. Actual
Budgeted
Projected
Proposed
FY 01102
. FY 02103
I
FY 02103
1=Y 03104
1,195 0 0 0
1,1J5 I _
0.11 0 0
0 5,600 0 0
74,182 0 0 0
74,182 5,600 0 O f
58,418 12,000 78,462 6,500
0 0 0 26,250
829,444 224,136 `` 356,179: 389,62x'
178,199
0
0
0
90,695
0
0
0
97,295
0
0
0
100,251
0
0
0
108,094
635,220
635,220
646,964
' 579;534
:"'635,.220.
635,221)
� 646i_�64?:
41888
3,500
2,600
3,500
1,200
4,300
4,300
4,000
31,543
22,000
16,500
20,000
2,270
6,000
5,000
5,000
30,864
10,000
26,400
25,000
0
0
0
25,000
0
0
❑
10,000
0
0
0
18,000
0
0
0
42,000
0
0
0
4,500
70;764.:
45,800
54,$00
157,000
1,604
9,200
750
850
6,464
6,000
6,080
4,000
93,054
90,000
175,000
90,000
748;421
778,220
871,850
898,814
46,051 52,500 62,871 10,308
46,051 52,500 62,871 10,3081
91912{303
6 2:55 PM
Expenses
410.500 insurance
410.520 Insurance - Liability
Insurance - Property
Total 410.500 Insurance
410.530 Telephone
410.531 Telephone Expense (65%)
410.532 Mobile Phone
410.533 Internet Expense (65%n)
410.534 Phone System Lease (65%)
Total410.530 Telephone
410.540 Interest Expense
410.580 Travel
410.581
Airfare
410.582
Car Rental
410.583
Lodging
410.584
Other
410.585
Meals
410.586
Mileage
410.587
Training, Seminars, Meetings
Total 410.580
Travel
410.600 Office Expense
410.601
Office Expense - General
410.602
Office Equipment
410.603
Dues & Subscriptions
410.604
Postage
410.605
Printing
410.606
Books & Printed Materials
410.607
Bank Charges
410,608
Moving Expense
410.609
Petty Cash
Total 410.600
Office Expense
410.700 utilities
410.701 Gas Utility
410.705 Storm Water Management
Total 410.700 Utilities
410.800 Fire/EMS
410.801
Salaries
410.802
Standard Overtime
410.803
FLSA Overtime
410.804
Part Time Contractors
410.805
Personnel Insurance
410.806
TMRS
410.807
Payroll Taxes
410.808
Fire Equipment & Supplies
General Fund
Budget
2003/2004
Actual
I Budgeted
Projected
Proposed
FY 01102
FY 02/03
FY 02103
FY 03104
061
4,000
3,494
8,350
0
0
0
8,842
1,241
'- 4,1100 J.
3,494
37,./92
11,493
10,000
9,455
5,070
2,188
2,000
1,909
1,640
1,241
1,500
858
1,853
2,241
2,300
2,245
383
F
474
1,250
1,824
1,000
80
500
0
0
1,036
500
303
500
8
0
0
0
983
1,000
1,300
1,300
713
800
469
450
1,227
1,000
750
1,500
20,885
10,000
10,000
10,000
815
2,000
800
1,000
5,259
5,700
6,536
7,000
2,892
3,500
4,750
4,500
1,227
1,500
1,446
1,500
395
500
503
500
310
125
113
200
0
0
0
5,000
(50)
200
20p0
0
7
181 400 700 2,500
7,050 4,706 4,706 0
182,641
475,000
459,906
469,250
0
0
0
8,960
0
0
0
29,515
0
0
0
19,090
864
31,000
36,000
51,979
3,469
30,000
24,000
39,886
2,842
25,000
24,000
36,908
56,939
0
0
0
9/9/2003
7
2;55 PM
General Fund
Budget
2003/2004
Actual
Sudgeted
jected
PFY
Proposed
Expenses
Y 01/02
FY 02103
. 02103
IIII�I�1lIM��I��I
FY @3104
IIUYIMi�lll��
410.809
Office Supplies
4,515
5,000
1,470
2,000
410.810
Vehicle Fuel I Maint.
0
15,000
9,284
11,705
410.811
Computer Equip. I Software
0
1,500
1,433
4,000
410.812
Facility Supplies
0
6,000
4,772
11,450
410.813
Misc. Supplies
0
2,500
1,512
2,500
410.814
Auto Allowance
3,002
0
0
4,800
410.815
Contracted Service
56,887
10,000
17,628
18,295
410.816
Mobile Phones
978
1,000
731
1,000
410.817
Licenses & Registration
1,548
8,000
8,875
2,450
410.818
Telephone
1,135
1,500
1,369
1,850
410.819
Medical Supplies & Equipment
18,483
4,500
3,758
4,500
410.820
Travel, Training, Publications
1,516
3,000
3,039
17,015
410.821
Utilities
4,721
6,500
5,943
7,600
410.822
Property Insurance
0
6,420
6,420
3,685
410.823
Pre-employment Testing
0
3,500
3,500
1,975
410.824
Firefighter Physicals
0
0
0
4,250
410.825
Uniforms/Personal Gear
0
0
0
9,060
410.826
Weapons & Accessories
0
0
0
10,990
410.827
Supplemental Officers for Warrants
0
0
0
57,824
410.828
Vehicle for Supplemental Officers
0
0
0
41,984
%fa1410.800
FireJEMS
39;539 „3,,e _._ . 5 5,42ft
F13,ii4[7
574 2lI,
410.900 Municipal Court Expense
410.901
Salaries
72,664
135,000
126,280
116,124
410.902
Court Technology
7,741
9,000
8,484
14,000
410.903
Court Supplies
4,566
4,500
3,816
4,500
410.904
Personnel Insurance
9,196
15,000
16,781
23,285
410.905
Court Security
2,742
1,500
2,831
1,650
410.906
Payroll Taxes
3,613
7,500
7,400
9,186
410.907
TMRS
4,549
10,140
8,800
9,871
410.908
Misc. Court Expense
11,851
4,600
3,915
4,600
410.909
Training & Seminars
726
2,250
2,139
3,430
410.910
Paymentech Service
481
1,200
1,505
1,200
410.911
Printing
710
4,900
3,350
4,900
410.912
Marshal's Vehicle
6,667
0
0
0
410.913
Legal Services
9,003
9,500
10,924
35,420
410.914
Marshal's Vehicle Maintenance
164
2,500
2,447
3,450
410.915
Courtroom Expense
0
0
0
5,600
Insurance
0
0
0
605
Total 410.900
Municipal Court Expense
134 tii4,
:MT
411.000 Publlc
Warks
411.100
Public Works Superintendent
0
0
2,917
17,500
411.200
Parks & Recreation Director
0
0
0
20,000
411.300
Public Works Vehicle
0
0
7,500
0
411.400
Supplies
0
0
1,000
0
411.500
Maintenance
0
0
0
1,500
411.600
TMRS
0
0
248
3,188
411.700
Payroll Taxes
0
0
233
2,899
411.800
insurance
0
0
292
1,750
Personnel Insurance
0
0
0
4,394
9/912003
8
2.55 PM
Expenses
Worker's Compensation
Total 411.000 Public Works
415.000 Community Expense
415.100
Community Services
415.200
Public Notice Expense
* 415.300
Historical Preservation Board
* 415.400
Tree City USA Advisory Committee
415.500
Election Expense
415.600
Meeting Expense
Total 415.000
Community Expense
419,000 Misc. Expense
420.000 Contingency
421.000 Duct Bank Reimbursement -Vaquero
FM 1938 Capital Project Expense
422.000 Westlake Portion
FM 1938 Capital Project Expense
Total FM 1938 Capital Project Expense
700.000 Capital Outlay
700.743 Public Works Superintendent vehicle
EMS Grant Used for FirelEMS
Total Expenses
Total Income
Net to General Fund
* See Attached sheet, Board Appointed Entities
General Fund
Budget
2003/2004
Actual
Budgeted
Projected
Proposed
FY 01102FY
02103
FY 02103
FY 03t04
E
0 0 60 750
0 Q 72,25,0 51,981
9,477
10,000
7,750
8,000
6,429
2,500
873
2,000
8,450
0
8,000
4,000
(83)
1,500
1,500
2,680
995
1,200
15
1,200
0
0
150
0 0 0 36,857
0 0 0 421,805
2,335,693 2,270,836 2,660,996 3,309,668
2,578,603 2,318,559 2,702,810 3,354,819
9/9/2003
2.55 PM
Town of Westlake
Public Safety
(Included in General Fund Budget)
Revenue
330.000 FireIEMS Income
330.100 EMS User Fee
330.200 Fire Code Permits
Total 330.000 Fire/EMS Income
351.000 Westlake Court Revenues
351.100
Citation Revenue
351.200
Court Technology
351.300
Court Security
351.400
Warrant Rev. - Supplemental Officers
351.500
Warrant Fees
351.600
NSF Check Fees
351.700
Court Efficiency Fees
Total 351.000 Court Fees Received
Total Revenue
Expenditures
410.800 FirelEMS
410.801
Salaries
410.802
Standard Overtime
410.803
FLSA Overtime
410.804
Part Time Contractors
410.805
Personnel Insurance
410.806
TM RS
410.807
Payroll Taxes
410.808
Fire Equipment & Supplies
410.809
Office Supplies
410.810
Vehicle Fuel I Maint.
410.811
Computer Equip, I Software
410.812
Facility Supplies
410.813
Misc. Supplies
410.814
Auto Allowance
410.815
Contracted Service
410.816
Mobile Phones
410.817
Licenses & Registration
410.818
Telephone
410.819
Medical Supplies & Equipment
410.820
Travel, Training, Publications
410.821
Utilities
410.822
Property insurance
410.823
Pre-employment Testing
410.824
Firefighter Physicals
410.825
Uniforms/Personal Gear
410.826
Weapons & Accessories
410.827
Supplemental Officers for Warrants
410.828
Vehicle for Supplemental Officers
Total 410.800 Fire/EMS
Actual
Budgeted
Projected
Proposed
FY 01102
FY 02103
FY 02103
1=Y 03104
0
6,500
6,500
10,680
1,200
1,000
338
500
'. ,'x,200.
.. ,_of?.
'. 6,83$ _:::
._i,i80
373,677
450,000
482,054
475,000
15,931
20,000
19,825
22,500
11,972
95,000
15,056
17,000
0
0
0
168,000
864
7,000
8,706
10,000
175
1,200
576
1,200
0
220
0
250
402,955 500,920 533,055 705,130
182,641
475,000
459,906
469,250
0
0
0
8,960
0
0
0
29,515
0
0
0
19,090
864
31,000
36,000
51,979
3,469
30,000
24,000
39,886
2,842
25,000
24,000
36,908
56,939
0
0
0
4,515
5,000
1,470
2,000
0
15,000
9,284
11,705
0
1,500
1,433
4,000
0
6,000
4,772
11,450
0
2,500
1,512
2,500
3,002
0
0
4,800
56,887
10,000
17,628
18,295
978
1,000
731
1,000
1,548
8,000
8,875
2,450
1,135
1,500
1,369
1,850
18,483
4,500
3,758
4,500
1,516
3,000
3,039
17,015
4,721
6,500
5,943
7,600
0
6,420
6,420
3,685
0
3,500
3,500
1,975
0
0
0
4,250
0
0
0
9,060
0
0
0
10,990
0
0
0
57,824
0
0
0
41,984
339,539
535,420 :.
613;640:
&74,521
9/9/2003
9a
2:55 PM
410,900 Municipal Court Expense
410.901
Salaries
410.902
Court Technology
410.903
Court Supplies
410.904
Personnel Insurance
410.905
Court Security
410.906
Payroll Taxes
410.907
TMRS
410.908
Misc. Court Expense
410,909
Training & Seminars
410.910
Paymentech Service
410.911
Printing
410.912
Marshal's Vehicle
410.913
Legal Services
410.914
Marshal's Vehicle Maintenance
410.915
Courtroom Expense
Insurance
Total 410.900
Municipal Court Expense
410.413 Keller Police Contract
72,664
135,000
126,280
116,124
7,741
9,000
8,484
14,000
4,566
4,500
3,816
4,500
9,196
15,000
16,781
23,285
2,742
1,500
2,831
1,650
3,613
7,500
7,400
9,186
4,549
10,140
8,800
9,871
11,851
4,600
3,915
4,600
726
2,250
2,139
3,430
481
1,200
1,505
1,200
710
4,900
3,350
4,900
6,667
0
0
0
9,003
9,500
10,924
35,420
164
2,500
2,447
3,450
0
0
0
5,600
0
0
0
605
Total Expenditures 582,307 1,478,230 1,447,532 1,759,306
9/10/2003
9:57 AM
General Fund
Receivables and Payables From Other Sources
Actual Actual Projected Proposed
ReceivablelPayable
FY 00!01
FY 01102
FY 02103
FY 03/04
Receivables
Utility Fund
Peak Payment Reimbursement
0
0
40,400
0
Keller Reimbursement
0
0
95,000
0
Total Utility Fund
Q
fflw135,400,_
7'
4A
FM 1938/114 Interchange Improvements
0
0
218,234
0
Dissolved Funds
❑
0
0
1,176,437
Total 4A234;""
4B
Debt Service for Civic Campus
0
0
0
742,080
Total ,4B
Crime Control District
CCD Funds for Keller Police
0
0
0
116,668
Total Crime Control District
Miscellaneous
Auditor's Corrections
803,306
Total Miscellaneous
Actual
Actual
Projected
Proposed
FY 00101
FY 01102
FY 02103
FY 03104
Payables
Utility Fund
Keller Payment
0
40,400
0
0
Peak Payment
0
95,000
0
0
Duct Bank Reimbursement - Vaquero
0
0
38,420
0
Total Utillty Fund
9/9/2003
10 2:55 PM
Town of Westlake
Certificates of Obligation
Series 2002
ues & EXpenSeS
Revenues
Par Value 12,400,000.00
Total Revenues $ 12,400,000.00
Expenses
Capitalized Interest Fund
927.600.00
Standard & Poor's
9,000°00
Allen Moon
11,750.00
John F. Boyle
5,750.00
Bowne of Dallas
1,820.00
Larry Williamson
104,000.00
Lawrence Financial Consulting LLC
20,000.00
Total Expenses $ 1,079,920.00
9/10/2003
11 9:58 AM
Loan Repayment Schedule
Civic Campus Bonds
Year End
The Certificates
9=
P-rincipal
Interest
Total
2002
$0
$0
$0
2003
0
927,600
927,600
2004
0
742,080
742,080
2005
0
742,080
742,080
2006
210,000
742,080
952,080
2007
225,000
728,430
953,430
2008
235,000
713,805
948,805
2009
250,000
698,530
948,530
2010
265,000
682,280
947,280
2011
280,000
665,055
945,055
2012
295,000
646,855
941,855
2013
315,000
627,680
942,680
2014
330,000
607,205
937,205
2015
350,000
585,755
935,755
2016
365,000
563,005
928,005
2017
385,000
539,280
924,280
2018
405,000
514,255
919,255
2019
425,000
490,968
915,968
2020
445,000
466,530
911,530
2021
470,000
440,943
910,943
2022
495,000
413,918
908,918
2023
520,000
385,455
905,455
2024
550,000
355,555
905,555
2025
580,000
323,930
903,930
2026
610,000
290,290
900,290
2027
640,000
254,910
894,910
2028
675,000
217,790
892,790
2029
710,000
178,640
888,640
2030
750,000
137,460
887,460
2031
790,000
93,960
883,960
2032
830,000
48.140
878,140
Totals
$12,00,000
$1 x.824.464
$27.22464
9/10/2003
12 10:00 AM
Town of Westlake
Certificates of Obligation (2nd Series)
2003
Sources
Par Value
Accrued Interest
Total Sources of Funds
Uses:
Deposit to Debt Service Fund
Deposit to Construction Fund
Original Issue Discount
Costs of Issuance
Rounding
Underwriter's Discount
Total Uses of Funds
6,410,000.00
17,460.00
$ 6,427,460.00
17,460.00
5,900,000.00
58,387,50
322,000.00
1,409.90
128,202.60
$ 6,427,460.00
9/1012003
13 9:59 AM
Date
Moan Repayment Schedule
Town of Westlake
Certificates of Obligation - Second Series
2003
Net Debt Service Schedule
Principal Interest
Total Principal &
Interest
2003
$ - $
-
$ -
2004
-
261,913
261,913
2005
-
285,724
285,724
2006
140,000
285,724
425,724
2007
145,000
282,924
427,924
2008
145,000
279,444
424,444
2009
150,000
275,529
425,529
2010
155,000
271,029
426,029
2011
160,000
265,914
425,914
2012
165,000
260,314
425,314
2013
170,000
254,291
424,291
2014
175,000
248,001
423,001
2015
185,000
241,220
426,220
2016
190,000
233,820
423,820
2017
200,000
225,840
425,840
2018
210,000
217,240
427,240
2019
220,000
208,000
428,000
2020
230,000
197,550
427,550
2021
240,000
186,625
426,625
2022
250,000
175,225
425,225
2023
260,000
163,350
423,350
14
2024
275,000
151,000
426,000
2025
290,000
137,250
427,250
2026
300,000
122,750
422,750
2027
315,000
107,750
422,750
2028
335,000
92,000
427,000
2029
350,000
75,750
425,750
2030
365,000
57,750
422,750
2031
385,000
39,500
424,500
2032
405,000
20,250
425,250
$ 6,410,000 $
5,623,677
$ 12,033,677
15
Board Appointed Entities
Approved Proposed Net Owed to
Westlake Academy Foundation F 00/01 FY 01102 FY 02103 FY 03/04 GF
Revenues
Donations / Fund Raising 0
0
0
0
Town 0
0
25,000
0
Carry Over from Previous Year 0
0
0
25,000
Expenses 0
0
0
0
Town Reimbursement 0
0
0
0
Net 0
0
25,000
25,000
Expense to 4A 0
0
25,000
0 25,000
This account will be transferred to GF after 4A is dissolved
Approved Proposed Net Owed to
Westlake Historical Preservation Board F 00101 FY 01102 FY 02103 FY 03104 GF
Revenues
Donations / Fund Raising
Town
Carry Over from Previous Year
Expenses
Town Reimbursement
Net
Expense to General Fund
Tree City USA
Revenues
Donations / Fund Raising
Town
Carry Over from Previous Year
Expenses
Town Reimbursement
Net
Expense to General Fund
0 9,500 2,500
8,450 0 4,000
0 0 1,500
8,450 8,000 8,000
0 0 1,500 0
0 8,450 0 4,000 12,450
Approved Proposed Net Owed to
F 00101 FY 01102 FY 02103 FY 03104 GF
0
83 1,500 2,680
0 0 0
83 1,500 500
0 0 0 2,180
0 83 1,500 2,680 4,263
9/10/2003
16 10:02 AM
Utility Fund
Program Summary
Utility Fund
Actual
FY 01102
Budgeted
FY 02103
Projected
FY 02103
Proposed
FY 03104
Beginning Balance
209,280
36,540
29,876
0
Auditor's Correction "
- -
-
76,626
- -
Adjustments*
-
38,420
(1,971)
135,000 -
Corrected Beginning Balance
209,280
36,540
104,531
0
Revenue
727,972
1,051,517
1,030,084
977,850
Transfers In
135,000
-
38,420
-
Expenditures
1,042,376
813,233
956,008
909,162
Transfers Out
- I
- 1
217,028
37,529
Ending Balance
J 29,876 1
163,210 1
0 1
31,159
Utility Fund Transfers In
Actual Budgeted
FY 01102 FY 02103
Projected Proposed
FY 02103 FY 03104
Transfers In
Transfers Out
General Fund
General Fund
Keller Reimbursement
40,000
- -
Peak Payment
95,000
- -
Duct Bank Reimbursement - Vaquero
- -
38,420
Total Transfers In
135,000 -
38,420 -
Utility Fund Transfers Out
Actual Budgeted
FY 01102 FY 02103
Projected
FY 02103
Proposed
FY 03104
Transfers Out
General Fund
Repayment of Peak Payment Loan
-
95,000
Repayment of Keller Loan
40,400
4A
Repayment of Duct Bank **
- 95,000
-
4B
Repayment of Short Term Loan
- 20,000
-
Repayment of WL/Keller OH Storage ***
- 118,887
81,628 1
37,529
Total Transfers Out
- 233,887
217,028 1
37,529
* For the beginning balance of FY 02103, two adjustments have been made. First, as per the audit, an item that was
expensed twice has been added back into the balance ($76,626). Second, the Adjustments line is for errors in the
projection process. The $1,971 consists of $858 of budgeting error and $1,113 in rounding error of the 4B transfers
(rounded to $140,000 when actual amount is $138,887). These adjustments allow for a beginning balance of $104,531
which is the proper beginning balance.
** Due to the dissolution of 4A, the loan to the Utility Fund for Duct Bank Construction will be forgiven
*** Total amount owed to 4B is $118,887. Due to Fund Balance, only $81,628 will be repaid this year. The
remaining portion of $37,529 will be repaid in FY 03104
9/9/2003
17 2:55 PM
Income
375.000 Impact Fees
375,100 Ft. Worth Impact Fees
Total 375.000 impact Fees
390.000 Duct Bank Leases
410.000 Reconnectfees
410.100 Water
Total410.000 Reconnect fees
420.000 Wastewater Revenue
440.000 Tap Fees
440.100 Water Tap Fees
440.200 Sewer Tap Fees
Total 440.000 Tap Fees
460.000 Water Revenue
460.100 Water Revenue
460.200 Water Charges
Total460.000 Water Revenue
Total Income
Total Expenses
Net to Utility Fund
Utility Fund
Budget
2003-2004
Actual
Budgeted
Projected
Proposed
FY 01102
FY 02103
FY 02103
FY 03104
24,938 20,130 20,130 21,000
24,938 20,130 20;130 21,000
0 291,472 271,82? "107;000,..
120 100 0 100
720 10 100;'
137; k:73 130,089 130,000 ` 150;000'
8,150 6,721 6,563 7,500
1,450 1,004 1,125 1,250
555,620 600,250 600,000 690,000
520 9,751 984 1,000
556,11 _.:"602,flfli SOfl 984; �691<,OOfl"
727,972
1,051,517
1,030,084
977,850
1,042,376
813,233
956,008
909,162
314;434]
..23;2$4;'74,1177,
" :
. " 68,688.1;
9/9/2003
18 2:55 PM
Expenses
Expenses
510.000 'Bank Service Charges
551.000 Debt Service
551,100 Line Extension
551.200 Keller Reimbursement
551.400 TRA Wastewater Contract
551.500 Hiliwood Infrastructure Repayment
551,600 WL 1 Keller Overhead Storage
Total 551.000 Debt Service
$65.000 Maintenance Expense
565.100 Water & Sewer Maintenance
Total 565.000 Maintenance Expense
585.000 Interest Expense
585.100 TRA Interest Expense
585.200 Keller Interest Expense
Total 585.000 Interest Expense
610,000 Operations (AquaSource)
610.100 Office Supplies
610.200 Office Equipment
Utility Infrastructure Insurance
620.000 Payroll Expense
620.100 Salaries
620.200 Automobile Expense
620.300 Payroll Expense - Other
620.400 Administrative Overhead
620.500 TM RS
620.600 Insurance
620,700 Workers Comp
620.800 Admin. Fee
Total 620.000 Payroll Expense
611.000 Public Works
611,100
Public Works Superintendent
611,200
Public Works Vehicle
611.300
Supplies
611.400
Maintenance
611.500
TMRS
611.600
Payroll Taxes
611.700
Insurance
Personnel insurance
Workers
Compensation
Tota1611.000
Public Works
625,000 Payroll Taxes
625.100 FICA
625.300 Medicare
Utility I°tand
Budget
2003/2004
Actual
Budgeted
Projected
Proposed
FY 01102
FY 02103
FY 021103
FY 03104
25 1 40 169. 150.
0
0
0
0
40,308
40,308
40,308
0
56,792
28,396
28,396
28,331
0
42,716
42,716
25,000
118,887
119,668
119,668
120,429
215,987
231,00
731;008"
173,TG0
4,568 18,000 653 5,000
4,568 _ 18,(tU0 653 5,00{1;;
11,676 3,404 3,404 1,695
4,434 2,217 2,217 0
16x110 ,621 f,695"
49,600 `
36,01)0
36,000
36,000,
25:`.
41P
0
50�:
570""
90,0
0"
3,4300'
0I
14,112
ii..
15,549
10,742
16,286
15,000
42,590
0
0
0
0
0
0
0
0
13,440
14,112
14,765
23,625
2,231
2,827
2,044
3,620
1,549
1,500
1,218
2,841
36
12
30
931
8
15
0
0
0
0
2,917
17,500
0
0
7,500
0
0
0
1,000
0
0
0
0
1,500
0
0
248
1,488
0
0
233
1,359
0
0
292
1,750
0
0
0
4,394
0
0
60
350
0
o
12,250
28,341
626 1,010 1,010 2,641
153 236 207 618
9/9/2003
19 2:561 PM
Expenses
625.400 Unemployment Taxes
Total 625.000 Payroll Taxes
640.000 Professional Fees
640.100 Engineering
640.200 Boyle 8 'Lowry
Lloyd, Gosselink
Financial Consultant
640.700 Auditor
640.800 Water Utility Engineer
Total 640.000 Professional Fees
650.000 Office Rent
670.000 Wastewater Treatment
670.000 Wastewater Treatment
670.100 Southlake / TRA Maint.
Total 670.000 Wastewater Treatment
680.000 Telephone
680.100 Telephone Expense (10%)
680.200 Internet Expense (10%)
680.300 Mobile Phone
680.400 Telephone Lease (10%p)
Total 680.000 Telephone
705.000 Utilities
705.100 Gas and Electric
Total 705.000 Utilities
711.000 Water Meter Reading I Billing
711.100 Meter Installation
711.200 Equipment
711.300 Meter Reading/ Billing
Tota1711.000 Water Meter Reading/ Billing
Utility Fund
Budget
2003/2004
Actual
Budgeted
Projected
Proposed
FY 01102
FY 02103
FY 02103
FY 03/04
0 236 194 34
779 1,482 1,411 3,292_
47,078
20,000
30,000
0
0
22,500
9,389
30,000
0
0
0
2,500
0
0
0
5,000
0
4,000
0
5,250
225,000
30,00/0.
'/ p0
4f) Q7O,
.. ' , 1 *"500
+34,969
f df85V
i2 75V :
-'10,725 12,800 „2,209[
76,818 105,989 78,000 90,000
0 0 150,000 90,000
76,818 . I0,91i9... .
:..... .... _ -22$ U00... X80,000 ':
1,463
1,800
1,258
780
191
200
76
285
366
275
350
840
318
322
346
54
U559182
16,158 19,200 15,200 17
13,786
16,850
5,500
5,000
1,724
2,650
651
1,000
0
10,800
10,800
10,800
1510-
30ii0
1,95,, ,
16 80Ui
720.000 Water Purchases
720.100 Water Purchases
384,182
150,000
125,000
150,000
720.200 Peak Payment
175,000
95,000
123,000
130,000
Total 720.000 Water Purchases
U559182
725.000 Water Transport Fees
726.000 Duct Bank Reimbursement - Vaquero:
0
.3�,4z0
0
Total Expenses
1,042,376
813,233
956,008
909,162
Total Income
727,972
1,051,517
1,030,084
977,850
Net to Utility Fund
3 14,404)
238.,:284
74,077
68,688
9/9/2003
20 2:55 PM
Utility Fund
Receivables and Payables From Other Sources
Actual Actual Projected Proposed
Receivablel Payable FY 00101 FY 01102 FY 02103 FY 03104
Receivables
General Fund
Keller Reimbursement
Peak Payment
* Duct Bank Reimbursement - Vaquero
Total General Fund
4B
WL/Keller OH Storage Tank
Total 4B
Payables
General Fund
Keller Reimbursement
Peak Payment
Total General Fund
4B
WL/Keller OH Storage Tank
Total 4B
*
0 40,400 0 0
0 95,000 0 0
0 0 38,420 0
118,887 0 0 0
Actual Actual Projected Proposed
FY 00101 FY 01102 FY 02103 FY 03104
0 0 40,400 0
0 0 95,000 0
0 0 81,628 37,259
In the past, Duct Bank Reimbursements were collected in the General Fund under Lot Development
Fees, then transferred to the Utility Fund for repayment to the payees. The money will now be collected
and paid from the Utility Fund so FY 03104 will not require a transfer to be made from General Fund.
Initially 4A was responsible for reimbursing Duct Bank costs in the loan from 4A, made to the General
Fund in 2000. With the dissolution of 4A, the General Fund will not be owed additional funds from the
Utility Fund for Duct Bank construction
9/912(}03
21 2:55 PM
Keller Reimbursement
Amortization Schedule
Date Principal Interest Payment Balance
Loan
TRA Wastewater Contract Repayment
132,029
Compound Period:..... ....
Annual
4,434
44,742
Nominal Annual Rate......,...:
5,000
2001/2002
40,308
4,434
44,742
Effective Annuai Rate.........:
6.000 %
42,545
2002/2003
40,308
Periodic Rate.. ........ ....... -:
6,0000
Grand Totai
120,924
11,085
132,009
Daily Rate.... ...... .............
0.01644 %
Cash Flow Data
Event
Start Date
Amount
Number
Period
End Date
1 Payment
2/16/2000
28,396.00
1
Fixed Payment (+ Interest)
2 Loan
311/2000
141,980.00
1
3 Payment
2/16/2001
28,396.00
4
Annual
2J16/2004
Fixed Payment
4 Payment
4/1/2005
-69.78
1
Amortization Schedule - Normal Amortization
Date
Loan
Payment
Interest
Principal
Balance
1 2/16/2000
28,936.00
0.00
28,396.00
-28,396.00
Loan 3/1/2000
141,980.00
-65.35
65.35
113,518.65
2000 Totals
141,980.00
28,396.00
-65.35
28,461.35
2 2/1612001
34,964.53
6,568.53
28,396.00
85,122.65
2001 Totals
0.00
34,964.53
6,568.53
28,396.00
3 2/16/2002
33,503.36
5,107.36
28,396,00
55,726.65
2002 Totals
0.00
33,503.36
5,107,36
28,396.00
4 2116/2003
31,799.60
3,403.60
28,396.00
28,330.65
2003 Totals
0.00
31,799.60
3,403.60
28,396.00
5 2/16/2004
30,026.06
1,695.44
28,330.62
0.00
2004 Totals
0.00
30,026.06
1,695.44
28,330.62
Grand Total
141,980.00
158,689.55
16,709.58
141,979.97
0.00
Keller Reimbursement
Amortization Schedule
Date Principal Interest Payment Balance
Loan
132,029
2000/2001
40,308
4,434
44,742
87,287
2001/2002
40,308
4,434
44,742
42,545
2002/2003
40,308
2,217
42,525
Grand Totai
120,924
11,085
132,009
9/10/2003
22 10:00 AM
Westlake/Keller Overhead Storage Repayment
Schedule of Debt Requirements
Combination Tax and Revenue Certificates
of Obligation, Series 2000
Principal & f=iscal Year Westlake
Date Principal Due Coupon Interest Due Interest Total Portion
2115/2001 $
100,000.00
5.65%
$ 147,450.63
$ 247,450.63
8/15/2001
-
5.65%
123,561.25
123,561.25
913012001
100,000.00
271,011.88
371,011.88
$ 371,011.88
$ 118,887.05
2/15/2002
130,000.00
5.65%
123,561.25
253,561.25
8/1512002
-
5.65%
119,888.75
119,888.75
913012002
130,000.00
243,450.00
373,450.00
373,450,00
119,668.32
2/15/2003
140,000.00
5.65%
119,888.75
259,888.75
8/15/2003
-
5.65%
115,933.75
115,933.75
913012003
140,000.00
235,822.50
375,822.50
375,822.50
120,428.56
2/15/2004
145,000.00
5.65%
115,933.75
260,933.75
8/15/2004
-
5.65%
111,837.50
111,837.50
913012004
145,000.00
227,771.25
372,771.25
372,771.25
119,450.82
2/15/2005
155,000.00
5.65%
111,837.50
266,837.50
8/15/2005
-
5.65%
107,458.75
107,458.75
913012005
155,000.00
219,296.25
374,296.25
374,296.25
119,939.49
2/15/2006
165,000.00
5.65%
107,458.75
272,458.75
8/15/2008
-
5.65%
102,797.50
102,797.50
913012006
165,000,00
210,256.25
375,25625
375,256.25
120,247.11
2115/2007
175,000.00
5.65%
102,797.50
277,797.50
8/15/2007
-
5.65%
97,853.75
97,853.75
9/30/2007
175,000.00
200,651.25
375,651,25
375,651.25
120,373.69
2/15/2008
185,000.00
6.50%
97,853.75
282,853.75
8/15/2008
-
6.50%
91,841.25
91,841.25
9130/2008
185,000.00
189,695.00
374,695.00
374,695.00
120,067.27
211512009
200,000.00
6.50%
91,841.25
291,841.25
8/1512009
-
6.50%
85,341.25
85,341.25
9/3012009
200,000.00
177,182.50
377,182.50
377,182.50
120,864,36
2/15/2010
210,000.00
5.00%
85,341.25
295,341,25
8/15/2010
-
5.00%
80,091.25
80,091,25
9/3012010
210,000.00
165,432.50
375,432.50
375,432.50
120,303.59
2/15/2011
225,000.00
5.10%
80,091.25
305,091.25
8/15/2011
-
5.10%
74,466.25
74,466.25
9/3012011
225,000.00
154,557.50
379,557.50
379,557.50
121,625.41
2/15/2012
235,000.00
5.20%
74,466.25
309;466.25
8/15/2012
-
5.20%
68,473.75
68,473.75
9/30/2012
235,000.00
142,940.00
377,940.00
377,940,00
121,107.09
2/15/2013
250,000.00
5.20%
68,473.75
318,473.75
8/15/2013
-
5.20%
61,973.75
61,973.75
913012013
250,000.00
130,447.50
380,447.50
380,447.50
121,910.60
2115/2014
270,000.00
5.30%
61,973.75
331,973.75
8/15/2014
-
5.30%
54,818.75
54,818.75
9/30/2014
270,000.00
116,792.50
386,792.50
386,792.50
123,943.79
2/15/2015
285,000.00
5.35%
54,818.75
339,818.75
8/15/2015
5.35%
47,195.00
47,195.00
9/30/2015
285,000.00
102,013.75
387,013.75
387,013.75
124,01469
2/15/2016
300,000.00
5.40%
47,195.00
347,195M
9110/2003
23 10:01 AM
Westlake/Keller Overhead Storage Repayment
Schedule of Debt Requirements
Combination Tax and Revenue Certificates
of Obligation, Series 2000
Principal & Fiscal Year Westlake
Date Principal Due Coupon Interest Due Interest Total Portion
8/15/2016
-
5.40%
39,095.00
39,095.00
913012016
300,000.00
86,290.00
386,290.00
386,290.00
123,782.77
2/15/2017
320,000.00
5.50%
39,095.00
359,095.00
8115120'17
-
5.50%
30,295.00
30,295.00
9/3012017
320,000.00
69,390.00
389,390.00
389,390.00
124,776.13
2/15/2018
340,000,00
5.60%
30,295.00
370,295.00
8/1512018
-
5.60%
20,860.00
20,860.00
9/3012018
340,000.00
51,155.00
391,155.00
391,155.00
125,341.71
2/1512019
360,000.00
5.60%
20,860.00
380,860.00
8/1512019
-
5.60%
10,780.00
10,780.00
9/3012019
360,000.00
31,640.00
391,640.00
391,640.00
125,497.12
2/15/2020
385,004.00
5.60%
10,780.00
395,780.00
8/15/2020
-
5.60%
-
-
9130/2020
385,000.00
10,780.00
395,780.00
395,780.00
126,823.74
`total
$ 4,575,000.00
$ 3,036,575.63
7 7,611,575.63
$ 7,611,575.63
$ 2,439,053.31
9/10/2003
24 10:01 AM
Westlake Visitor's Association Fund
Program Summary
Westlake Visitor's Association Fund
Actual
FY 01102
Budgeted
FY 02103
Projected
FY 02103
'Proposed
FY 03104
Beginning Balance
579,385
534,450
559,479
611,409
Revenue
329,000
332,000
390,188
359,000
Transfers In
-
-
18,000
Expenditures
93,988
150,246
113,258
86,473
Transfers Out
246,918
-
225,000
153,000
Ending Balance
559,479
716,204
611,409
730,936
Actual Budgeted Projected Proposed
Westlake Visitor's Association Fund Transfers In FY 01102 FY 02103 FY 02103 FY 03104
Transfers In
Capital Projects
Total Transfers In - - -
Westlake Visitor's Association Fund Transfers Out
Actual Budgeted
FY 01102 FY 02103
Projected
FY 02103
Proposed
FY 03104
Transfers Out
Capital Projects
-
-
Civic Campus
225,000
Paint retaining walls at Westlake Parkway and 114
18,000
Westlake Restoration Project
-
25,000
Entryways at Dove and Pearson Drive
- -
-
10,000
Blacksmith and Forge Statue
- -
-
100,000
Auditor's Corrections
246,918
-
-
Total Transfers Out
246,918 - 1
225,000
153,000
919/2003
25 2:56 PM
Income
315.000 Hotel Occupancy Tax
325.000 Interest Income
Total income
Expenses
410.100 Payroll Expenses
410.101 Salaries
410.102 Insurance
410.103 TMRS
Workefs Compensation
Total 410.100 Payroll Expenses
410.201 Taxes
410.311 Administration
410.442 Office Rent
410.510 Boyle & Lowry
410.511 Auditor
410.530 Computers
410.531 Equipment
410.532 Service
Total 410.530 Computers
410.540 Telephone Expense
410.541 Mobile Phone
410.542 Telephone Expense (25%)
410.543 Internet Expense (25%)
4110.544 Telephone Lease (25%)
Total 410.540 Telephone Expense
427.000 CV8 Membership
430.000 Marriott Marketing
431.000 Website Development
432.000 New Logo
Total Expenses
Total Income
Net to Westlake Visitors Association
Westlake Visitor's Association
Budget
18,100
15,138
15,045
200312004
7,550
6,090
1,410
4,B42
Actual
1,129
Budgeted
Projected
Proposed
0
Fy 00101
0
FY 02!03
FY 02103
1=Y 03104
2,731
5,000
504
1,000
240
317,841
320,000
381,998
350,000
11,155
9,000
8,190
9,000
328,996
329,000
390,188
359,000
19,142
18,100
15,138
15,045
5,220
7,550
6,090
1,410
4,B42
1,683
1,129
1,279
0
0
0
465
2,062
1,638
1,307
1,181
33,600
37,500
37,500
23,625
19,627
7,918
8,113
2,209
0
11,250
6,485
5,000
0
0
0
2,450
2,731
5,000
504
1,000
240
500
0
500
1,065
750
669
750
3,318
2,500
2,669
1,950
585
500
288
713
706
875
866
146
750 1,200
750
750
0 28,000
7,250
28,000
14,500
14,500
0
0 25,000
10,000
0
93,988 164,464 113,258 86,473
328,996 329,000 390,188 359,000
26
919/2003
2:56 PM
Westlake Visitor's Association
Receivables and Payables From Other Sources
Actual Actual Projected Proposed
Receivable/Payable FY 00109 FY 01/02 FY 02103 FY 03104
Receivables
Payables
Miscellaneous
Auditor's Correction
Total Miscellaneous
Actual Actual Projected Proposed
FY 00101 FY 01102 FY 02103 FY 03/04
246,918
9/9/2003
27
4A Corporation
Program Summary
4A Corporation
Actual
FY 01102
Budgeted
FY 02103
Projected
FY 02103
Proposed
FY 03/04
Beginning Balance
1,114,890
1,108,431
1,212,679
938,101
Income *
297,203
375,000
450,000
233,336
Interest Income
22,871
25,000
15,000
5,000
Transfers In
- 1
95,000
-
Transfers Out
222,285
993,582 1
739,578
1,176,437
Ending Balance
1,212,679
6091,849 1
938,101
-
4A Corporation Transfers In
Actual u ge a Projected ropose
FY 01102 FY 02103 FY 02103 FY 03104
Transfers in
Budgeted
FY 02103
General Fund
- - -
Utility Fund
Duct Bank Repayment **
- 95,000
Capital Projects
- - -
Total Transfers In
- 95,000 - -
4A Corporation Transfers Out
Budgeted for
Capital
Actual
FY 01102
Budgeted
FY 02103
Projected
FY 02103
Proposed
FY 03104
Transfers Out
General Fund - Dissolution of 4A
-
-
1,176,437
Capital Projects
FM 19381 114 Interchange improvements
355,570
4B
-
-
57,367
-
Capital Project Expense
-
292,633
60,714
-
General Fund
-
-
218,234
FM 1938 Engineering - WL Portion
82,174
-
77,603
82,174
-
Fidelity Tax Reimbursement
110,571
-
105,000
110,571
Circle T Mall Development
122,196
70,275
51,921
Expanded Level Bridge Enhancements
43,071
42,500
43,071
Ottinger/Dove Rd Intersection rebuild
315,000
-
315,000
9,071
-
Westlake Academy Foundation Loan
25,000
-
25,000
25,000
-
Civic Campus
50,000
-
Duct Bank Infrastructure
1,900,000 1
222,285
65,571
81,455
Total Transfers Out
3,003,582 1
222,285
993,582
739,578
1,176,437
* Assumes eight months sales tax and interest revenue before dissolution. Remaining funds transferred to GF.
** Due to the dissolution of 4A the loan to the Utility Fund for the Duct Bank Construction will be forgiven
9/9/2003
2:54 PM 28
4A
Receivables and Payables From Other Sources
ReceivablelPayable
Receivables
Payables
General Fund
FAIL 1938/114 Interchange Improvements
Dissolved Funds
Total General fund
4B
FAR 1939/114 Interchange Improvements
Total 4B
29
Actual Actual Projected Proposed
FY 00/01 FY 01102 FY 02/03 FY 03104
Actual .Actual Projected Proposed
FY 00101 FY 01102 FY 02103 FY 03104
0 0 218,234 0
0 0 0 1,176,437
57,637
9/9/2003
2:55 PM
4B Corporation
Program Summary
4B Corporation
Actual
FY 01102
Budgeted
FY 02103
Projected
FY 02103
Proposed
FY 03104
Beginning Balance
2,065,012
1,586,071
102,663
695,658
Income
297,203
375,000
450,000
350,000
Interest Income
31,062
50,000
4,000
9,000
Transfers In
- 118,887
258,887 1
555,995 1
581,431
Transfers Out
2,290,614
509,500 1
417,000 1
892,080
Ending Balance
102,663
1,760,458 1
695,658 1
744,009
4B Corporation Transfers In
Actual Budgeted
FY 01102 FY 02103
Projected
FY 02103
Proposed
FY 03104
Transfers In
Proposed
FY 03104
Transfers Out
General Fund
Utility Fund
Short Term Loan '
140,000
Debt Service for Civic Campus
WL/Keller Overhead Storage Tank Repayment
- 118,887
81,628
37,259
4A Repayment
-
FM 1938/114 Interchange Improvements
- -
57,367
-
Civic Campus Bond Proceeds
Non Civic Campus Capital Projects
-
417,000
-
Repayment for Civic Campus site
- -
WL/Keller OH Storage Loan
544,172
Capital Projects
-
Total Transfers In
258,887
555,995
581,431
413 Corporation Transfers Out
Budgeted
For Capital
Actual
FY 01102
Budgeted
FY 02103
Projected
FY 02103
Proposed
FY 03104
Transfers Out
General Fund
Debt Service for Civic Campus
-
-
742,080
FM 1938 / 114 Interchange Improvements
-
Utility Fund Loan
Short Term Loan
-
WL/Keller OH Storage Loan
-
Civic Campus
1,477,169
Capital Projects
Keller Overhead Water Storage
118,887
-
-
-
Dove Road Overlay
234,049
234,049
-
-
Park & Open Space Planning
-
19,500
2,000
-
Master Thoroughfare Update - Retail Dev.
-
80,000
2,000
Permanent DPS Facility
-
20,000
2,000
-
Glenwyck Water Line
125,000
-
-
Elevated Storage Tank Connection to Dove
i
-
390,000
411,000
FM 1938 / 114 Interchange Improvements
200,000
125,646
Ottinger Overlay
-
-
150,000
Southlake N-1 Sewer Line
588,852
- I
-
Auditor's Correction - Due to Other Funds
453,750
-
Total Transfers Out
1,266,788
2,290,614 1
509,500 1
417,000 1
892,080
This line item mistakenly includes the $118,887 (counted twice) owed from the Utility Fund as well as a $20,000
Short term loan made to the OF from 413. The $20,000 loan was never made and the amount of $140,000 (rounded
from $138,887) will not be repaid to 413. The $118,887 has been repaid as of FY 200212003.
9/9/2003
2:54 PM 30
4B Development Corporation
Receivables and Payables From Other Sources
Actual Actual
ReceivablelPayable FY 00101 FY 01102
Receivables
Utility Fund
WL/Keller OH Storage Tank
Total Utility Fund
Civic Campus
Non Civic Campus Capital Projects
Repayment for Civic Campus Site
Total Civic Campus
4A
FM 1938/114 Interchange Improvements
Total 4A
Projected Proposed
FY 02103 FY 03104
0 0 81,628 37,259
0 0. 81;628 37,258-
0 0 417,000 0
0 0 0 544,172
0 0 57,367 0
Actual Actual Projected Proposed
FY 00101 FY 01102 FY 02103 FY 03104
Payables
General Fund
* Debt Service for Civic Campus
0 0
0
742,080
Total General Fund
4 Q.
.. �,
Utility Fund
WIJKeller OH Storage Loan
118,887 0
0
0
Total Utility Fund
18,87
Miscellaneous
Auditor's Corrections
0 453,750
0
0
Total Miscellaneous
4B Obligations in FY 2002/2003 were budgeted
in anticipation of the repayment of monies used for the purchase of
the Civic Campus.
* This represents 100% of the 2nd Installment of
the $11.5 million Debt Service
9/9/2003
31 2:55 PM
Fidelity Tax Reimbursement
Date Payment
Sept. 30, 2003 $107,118
Sept. 30, 2004
Sept. 30,
2005
35,760
Sept. 30,
2006
35,760
Sept. 30,
2007
35,760
Sept. 30,
2008
35,760
Sept. 30,
2009
35,760
Sept. 30,
2010
35,760
Sept. 30,
2011
35,760
Sept. 30,
2012
35,760
Sept. 30,
2013
35,760
Sept. 30,
2014
35,760
Sept. 30,
2015
35,760
Sept. 30, 2016 35,760
Total $536,238
FY 02103 Payment included FY 01/02, FY 02/03, and FY 03104
9110/2003
32 10:00 AM
Crime Control District
Program Summary
Crime Control
Proposed
FY 03/04
Beginning Balance
0
Income *
116,668
Transfers In
0
Transfers Out
116,668
Ending Balance
4
Proposed
Crime Control Transfers In FY 03104
Transfers In
General Fund
Utility Fund
413
Total Transfers In 0
Crime Control Transfers Out
Proposed
FY 03104
Transfers Out
General Fund
116,668
Total Transfers Out
116,668
Due to State law, Crime Control Funds will not be collected until April 1, 2004 and the first payment to the Town
collected as CCD Funds, will not be received until June 2004. In order to properly account for this delay, the
Income line item is budgeted at four months of CCD. No interest will be collected in the Crime Control District
because funds will be automatically used to aide the General Fund in paying for the Keller Police Contract.
9/9/2003
2:54 PM 33
Crime Control District *
Receivables and Payables From Other Sources
Actual
Actual
Projected
Proposed
Receivable/Payable FY 00101
FY 01102
FY 02103
FY 03104
Receivables
Actual
Actual
Projected
Proposed
FY 00101
FY 01102
FY 02/03
FY 03104
Payables
General Fund
Crime Control District for Keller Police 0 0 0 116,668
Total General Fund
Assumes the Town Dissolves 4A during the November 4th election and votes to create Crime Control District.
9/9/2003
34 2:55 PM
General Fund
Capital Project
FV 2003/2004
Civic Campus
Capital Project # 738
Project Descri to ion
Plan, design, construct and open facilities for Town Hall and the Westlake Academy,
Project Schedule Begin End
Design May -02 Aug -02
Construction Sep -02 Aug -03
Fiscal Impact
9/9/2003
35 2:57 PM
LTD
Budget FY
Planned
FY 04105
FY 05106
FY 06107
FY 07108
Project Expense
9130103
03104
Design/Architecture
82,500
60,180
60,180
Construction
750,000
44,025
Grants
4,418
Repayment to 4B
417,000
544,172
70,000
Debt Service
927,600
742,080
742,080
952,080
953,430
948,805
Installment Sale
261,913
285,724
425,724
427,924
424,444
TOTAL
$ 1,427,100
$ 2,298,165
$ 1,027,804
$ 1,377,804
$ 1,381,354
$ 1,373,249
Funding Source
18,107,400
15,809,235
14,781,431
13,403,627
12,022,273
Prior Year's Remaining Funds
Certificates of Obligations - 1
11,500,000
184,705
Total Expense
Total Revenues
Certificates of Obligations - 2
6,100,000
TOTAL
Private
$ (218,923)
$
$
$ -
$ (184,705)
General Fund
82,500
Enterprise Fund
Westlake Visitor's Association
225,000
Grants
100,000
Utility Fund
18,007,500
18,107,400
15,809,235
14, 781,431
13,403, 627
12,022,273
Total
Interfund Loans
4A
50,000
413
1,477,000
Total
1,527,000
-
-
TOTAL
$ 18,107,400
$ 15,809,235
$ 14,781,431
$ 13,403,627
$ 12,022,273
$ 10,649,024
9/9/2003
35 2:57 PM
LTD
Budget FY
Planned
Projected Annual Operating Budget
9130103
03104
FY 04105
FY 05106
FY 06107
Total
Personnel Expenses
60,180
60,180
Administrative Expenses
44,025
44,025
Rent
4,418
Town Attorney
70,000
70,000
Civii Engineer
29,800
Auditor
10,500
10,500
Debt Service
Capital Outlay
-
218,923
184,705
Total Expense
Total Revenues
TOTAL
Is
$ (218,923)
$
$
$ -
$ (184,705)
9/9/2003
35 2:57 PM
General Fund
Capital Project
FY 200212003
377 RAW Purchase
Project Descri tp ion
The purchase of 2.03 acres of ROW on Highway 377 which was previously used for construction of 377 by
the state of Texas.
Project Schedule
Implementation
Fiscal Impact
ge W End
June 2003 July 2003
Impact on Operating Budget
LTD
Budget FY
Planned
FY 04105
FY 05106
FY 06/07
FY 07108
Project Expense
9/30103
03104
Purchase of 377 ROW
221,000
-
TOTAL
$ 221,000
$ -
$ -
$ -
$
$
Funding Source
-
Certificates of Obligations
Private
-
Debt Service
General Fund
221,000
Capital Outlay
Enterprise Fund
-
Westlake Visitor's Association
-
Total Expense
Total Revenues
Grants
TOTAL
Utility Fund
$
$ -
$
$
$
221,000
-
-
-
Tota]
Interfund LoanslGrant
4A Grant
4B
Total
-
-
-
TOTAL
$ -
$
$
$ -
$
$
Impact on Operating Budget
9/9/2003
36 2:56 PM
LTD
Budget FY
Planned
FY 04105
FY 05106
FY 06107
Total
Projected Annual Operating Budget
9/30103
03/04
Personnel Expenses
-
Supplies
Maintenance
-
Services
-
Debt Service
Capital Outlay
-
-
Total Expense
Total Revenues
TOTAL
$
$
$ -
$
$
$
9/9/2003
36 2:56 PM
General Fund
Capital Project
FY 200312004
FM 1938
Capital Project # 742
Project Description
The engineering, design and construction document package with TXDot review and approval for FM 1938
between SH 114 in Westlake and FM 1709 in Southlake/Keller. Implementation costs for Texas U-turns at SH
1141 FM 1938 interchange are also included. Westlake portion of costs relative to Southlake and Keller is
57.11% for FM 1938 and 40% for SH 114 interchange improvements.
Project Schedule Seain End
Design
Construction
Fiscal Impact
Sep -00 Feb -02
May -03 Sep -04
ll.: •.�. 1M
LTD
Budget FY
Planned
FY 04105
FY 05106
FY 06107
FY 07108
Project Expense
9130103
03104
Design
838,655
458,662
4,000
Construction
-
Contingencies
16,492
TOTAL
$ 838,655
$ 458,662
$ 16,492
$
$
$ -
Funding Source (Restricted)
16,492
16,492
-
-
Prior Year's Remaining Funds
Certificates of Obligatlons
-
Private
610,026
348,091
-
4,000
Total Expense
Total Revenues
General Fund
36,857
TOTAL
Other Cities (Keller, Southlake)
162,947
73,714
$
$
$ (4,000}
Enterprise Fund
Westlake Visitor's Association
Grants
Utility Fund
Interfund Loans
4A
82,174
4B
855,147
475,154
16,492
Total
TOTAL
$ 16,492
$ 16,492
$ -
$
$ -
$ -
ll.: •.�. 1M
9/9/2003
37 2'.58 PM
LTD
Budget FY
Planned
Projected Annual Operating Budget
9130103
03104
FY 04105
FY 05106
FY 06/07
Total
Administrative Expense
4,000
4,000
Town Attorney
-
Civil Engineer
Audtior
-
Debt Service
Capital Outlay
-
4,000
-
4,000
Total Expense
Total Revenues
TOTAL
$ -
$ (4,000)
$
$
$
$ (4,000}
9/9/2003
37 2'.58 PM
General Fund
Capital Project
FY 2003/2004
FM 1938 1114 Interchange Improvements
Capital Project # 741
Project pescri ion
As State Highway 114 is improved by TXDot, the Town of Westlake will make aesthetic improvements to
the basic state supported design and construction specifications in order to accent the major entryway of
FM 1938 and SH 114.
Project Schedule Begin En
Design Oct -00 Dec -01
Construction Feb -01 Ongoing
Fisgal Impact
9/1012003
38 10:10 AM
LTD
Budget FY
Planned
FY 04105
FY 05106
FY 06/07
FY 07108
Project Expense
9130103
03104
Design
-
Construction
318,081
273,000
-
Contingencies
TOTAL
$ 318,081
$ 273,000
$
$ -
$
$
Funding Source
-
Prior Year's Remaining Funds
Certificates of Obligations
Private
-
Total Expense
Total Revenues
General Fund
273,000
TOTAL
4A Dissolved Funds
$ a
$
$ -
$
$
Enterprise Fund
Grants
Utility Fund
Interfund Loans
4A to 4B
57,367
4A Expense
60,714
4B
200,000
Total
318,081
-
-
-
TOTAL
$ -
$ (273,000)
$ -
$ -1
$ -
$
9/1012003
38 10:10 AM
LTD
Budget FY
Planned
FY 04105
FY 05106
FY 06107
Total
Projected Annual Operating Budget
9130103
03/04
Administrative Expense
-
Town Attorney
-
Civil Engineer
Auditor
Debt Service
-
Capital Outlay
-
Total Expense
Total Revenues
TOTAL
$ -
$ a
$
$ -
$
$
9/1012003
38 10:10 AM
General Fund
Capital Project
FY 200312004
Dove Road Overlay
Capital Project # 739
Pro-ject Descri to ion
Dove Road will be overlaid from the east border to PD 3-1 and west to PD 3-1 to the proposed new
intersection of Dove Road and Ottinger.
Project Schedule Benin End
Design Sep -01 Sep -01
Construction Oct -03 Jun -04
Fiscal Imp
9/9/2003
39 2:58 PM
LTD
Budget FY
Planned
FY 04105
FY 05106
FY 06107
FY 07108
Project Expense
9130103
03104
Design
Construction
234,049
118,951
Contingencies
TOTAL
$ 234,049
$ -
$ 118,951
$
$
$
Funding Source
-
Certificates of Obligations
Private
89,000
General Fund
30,000
-
Total Expense
Total Revenues
Enterprise Fund
TOTAL
Westlake Visitor's Association
$ -
$
$
$ -
$
Grants
Utility Fund
-
119,000
Total
Inteitund Grants
4A
4B
234,049
Total
234,049
-
TOTAL
$ -
$ -
$ 49
$ -
$ -
$
9/9/2003
39 2:58 PM
LTD
Budget FY
Planned
FY 04/05
FY 05106
FY 06107
Total
Projected Annual Operating Budget
9130103
03104
Personnel Expenses
Supplies
Maintenance
Services
-
Debt Service
-
Capital Outlay
-
Total Expense
Total Revenues
TOTAL
$
$ -
$
$
$ -
$
9/9/2003
39 2:58 PM
Westlake Visitor's Association
Capital Project
FY 2003/2004
Blacksmith and Forge Statue
Capital Project #
Project Description
Seek out and identify an artist that will create a life-size statue of a Blacksmith at his forge for the Civic
Campus Site, The Town will examine the possibility of selling small scale replicas to generate revenue.
Project Schedule Begin End
Design Nov -03 Dec -03
Creation Mar -04 Aug -04
Fiscal Impact
Impact on Operating Budget
LTD
Budget FY
Planned
FY 04105
FY 05106
FY 06107
FY 07108
Project Expense
9130103
03104
Design/Creation
100,000
-
TOTAL
$
$ 100,000
$ -
$
$ -
$
Funding Source
Certificates of Obligations
Private
Debt Service
General Fund
-
Capital Outlay
Enterprise Fund
Westlake Visitor's Association
100,000
-
Total Expense
Total Revenues
Grants
TOTAL
Utility Fund
$ -
$
$
$
Interfund Loans
4A
4B
Total
100,0001
i
i -
TOTAL
1 $
1 $ -Is
-I
$ a1
$ -I
$
Impact on Operating Budget
919/2003
40 2:56 PM
LTD
Budget FY
Planned
FY 04105
FY 05106
FY 06107
Total
Projected Annual Operating Budget
9130103
03104
Personnel Expenses
-
Supplies
-
Maintenance
Services
Debt Service
-
Capital Outlay
-
-
Total Expense
Total Revenues
TOTAL
$
$ -
$
$
$
919/2003
40 2:56 PM
Westlake Visitor's Association
Capital Project
FY 2003/2004
Entryway Improvements at Dove & Randol Mill
Capital Project #
Pro leO Description
Landscaping and signs will be placed at Dove and Randol Mill to create entryways into the Town. The
entryways will aide in the locational awareness of the Town's boundaries and welcome visitors and
residents alike.
Project Schedule Begin En
Design
Construction
Nov -03 Dec -03
Mar -04 Mar -04
Impact on Operating _Budget
LTD
Budget FY
Planned
FY 04105
FY 05106
FY 06/07
FY 07/08
Project Expense
9130103
03104
Construction
10,000
TOTAL
$
$ 10,000
$ -
$
$ -
$ -
Funding Source
-
Certificates of Obligations
Private
Debt Service
General Fund
-
Capital Outlay
Enterprise Fund
Westlake Visitor's Association
10,000
Total Expense
Total Revenues
Grants
TOTAL
Utility Fund
$
$
$
$
$
Interfund Loans
4A
4B
Total
-
10,000
TOTAL
$
$
$
$
$
$
Impact on Operating _Budget
9191.2003
41 2:57 PM
LTD
Budget FY
Planned
FY 04105
FY 05/06
FY 06107
Total
Projected Annual Operating Budget
9130103
03104
Personnel Expenses
Supplies
Maintenance
-
Services
Debt Service
-
Capital Outlay
-
m
Total Expense
Total Revenues
TOTAL
$
$
$
$
$
$
9191.2003
41 2:57 PM
Westlake Visitor's Association
Capital Project
FY 2003/2004
Westlake Restoration Project
Capital Project #
Project Description
Perform a feasibility study and develop a site plan for a Westlake Restoration Project which will identify
location and plan for area structures that warrant saving, relocating and renovating. The area will then be
put back into retail and commercial use and serve as an important visitor's attraction for Westlake.
Project Schedule Begin End
Design Jan -04 July -04
Implementation N/A N/A
Impact on Operating Budget
LTD
Budget FY
Planned
FY 04106
FY 05106
FY 06107
FY 07108
Project Expense
9/30/03
03104
Design
25,000
Implementation
TOTAL
$ -
$ 25,000
$
$ -
$ -
$
Funding Source
-
Certificates of Obligations
Private
Capital Outlay
General Fund
-
-
Utility Fund
Total Expense
Total Revenues
Enterprise Fund
TOTAL
Westlake Visitor's Association
$
25,000
$
$ -
$
Grants
Interfund Loans
4A
4B
Total
25,000
-
TOTAL
$ -
$ -
$ -
$ -
$ -
$
Impact on Operating Budget
919/2003
42 2:57 PM
LTD
Budget FY
Planned
FY 04105
FY 05106
FY 06107
FY 07108
Projected Annual Operating Budget
9130103
03104
Personnel Expenses
Supplies
Maintenance
Services
-
Debt Service
Capital Outlay
-
-
Total Expense
Total Revenues
TOTAL
$
$
$
$
$ -
$
919/2003
42 2:57 PM
Westlake Visitor's Association
Capital Project
FY 200312004
Paint retaining walls at Westlake Parkway and Highway 114
Capital Project #
Project Description
Paint retaining walls at Westlake Parkway and Highway 114.
Construction
Fiscal Impact
Begin Ear -d
May -04 June -04
impact on Operating Budget
LTD
Budget FY
Planned
FY 04105
FY 05106
FY 06107
FY 07108
Project Expense
9130103
03104
Construction
18,000
TOTAL
$
$ 18,000
$ -
$ -
$ -
$
Funding Source
-
Certificates of Obligations
Private
Debt Service
General Fund
-
Capital Outlay
Enterprise Fund
Westlake Visitor's Association
18,000
-
Total Expense
Total Revenues
Grants
TOTAL
Utility Fund
$
$
$ -
$ -
$
Interfund Loans
4A
4B
Total
18,000
-
-
TOTAL
I $ -
$ 18,000
$ -
$ -
$ -I
$
impact on Operating Budget
9/9/2003
43 2:57 PM
LTD
Budget FY
Planned
FY 04105
FY 05106
FY 06107
Total
Projected Annual Operating Budget
9130103
03104
Personnel Expenses
Supplies
Maintenance
-
Services
Debt Service
-
Capital Outlay
-
Total Expense
Total Revenues
TOTAL
$
$
$
$ -
$ -
$
9/9/2003
43 2:57 PM
Capital Project
FY 2003/2004
Bridge Enhancements
Capital Project # 761
Project Description
Additional paint/stain to retaining walls of Hwy 114 bridges.
I;J 7 q&7M T- -M
Construction
Fiscal Impact
Begin ELdi
Nov -02 Jan -03
Impact on Operating Bijdget
LTD
Budget FY
Planned
FY 04105
FY 05106
FY 06107
FY 07107
Project Expense
9130103
03104
Design
7,500
571
Engineering
-
Construction
35,000
TOTAL
$ 42,500
$ -
$ -
$ -
$
$
Funding Source
Certificates at Obligations
Private
-
571
General Fund
571
Total Expense
Total Revenues
Enterprise Fund
TOTAL
Westlake Visitor's Association
$
$
$ -
$
$ (571)
Grants
Utility Fund
-
-
Total
Intertund Loans
4A
43,071
4B
Total
43,071
-
-
-
TOTAL
$ -
$
$
$ -
$ -
$
Impact on Operating Bijdget
9/9/2003
44 2:58 PM
LTD
Budget FY
Planned
FY 04105
FY 05105
FY 06107
Total
Projected Annual Operating Budget
9130103
03104
Personnel Expenses
571
571
Supplies
-
Maintenance
Services
Debt Service
Capital Outlay
-
571
571
Total Expense
Total Revenues
TOTAL
$ (571)
$
$
$ -
$
$ (571)
9/9/2003
44 2:58 PM
DRAFT
Capital Project
FY 2003/2004
Duct Bank Infrastructure
Capital Project # 730
Protect Descri tp ion
System whereby the Town manages tight -of -way by constructing a telecom duct bank system which is
owned and operated by the Town and ]eased to telecom providers. Phase 11 of the Duct Bank will extend
west of Dove Road and will be built as growth demands it.
Protect Schedul B eg:ln Ern
Design Sep -00 Nov -00
Construction Nov -00 Ongoing
Fiscal Impact
Impact on Operating Budget
LTD
Budget FY
Planned
FY 04105
FY 05106
FY 06/07
FY 07108
Project Expense
9130103
03104
Design/Architecture
238,169
-
Construction
1,548,472
-
Conduit Extension
65,571
4A Repayment
TOTAL
$ 1,852,212
$ -
$ -
$ -
$ -
$ -
Funding Source
Certificates of Obligations
Private
Total Expense
Total Revenues
General Fund
TOTAL
Enterprise Fund
1 $ -
$ -
$ -
$
$
Westlake Visitor's Association
Grants
Utility Fund
-
-
-
Total
Interfund Loans
4A
1,900,000
4B
Total
1,900,000
-
-
-
TOTAL
$ 47,788
$ -
$ -
$ -
$
$ -
Impact on Operating Budget
9/912003
45 2:58 PM
LTD
Budget FY
Planned
FY 04105
FY 05106
FY 06107
Total
Projected Annual Operating Budget
9130/03
03104
Personnel Expenses
-
Supplies
-
Maintenance
Services
Debt Service
Capital Outlay
-
Total Expense
Total Revenues
TOTAL
Is
1 $ -
$ -
$ -
$
$
9/912003
45 2:58 PM
Capital Project
FY 2003/2004
Circle T Mail Development
Capital Project # 752
Project Description
The Development of a Mall on the northern part of the Circle T Ranch,
Prject ScheduIo Begin End
Design Oct -03 Oct -04
Construction Oct -04 Oct -06
Fiscal Impact
Impag;t on Operating Budget
LTD
Budget FY
Planned
FY 04105
FY 05106
FY 06107
FY 07108
Project Expense
9130103
03104
Design/Architecture
51,921
20,000
Construction
30,000
30,000
Grants
18,275
18,275
Contingencies
2,000
2,000
TOTAL
$ 51,921
$
$ -
$ -
$ -
$
Funding Source
Prior Year's Remaining Funds
Certificates of Obligations
70,275
Total Revenues
Private
TOTAL
General Fund
$
$
$ e
$
$ (70,275)
Enterprise Fund
Westlake Visitor's Association
Grants
Utility Fund
Total
-
-
Interfund Loans
4A
122,196
4B
Total
122,196
-
-
TOTAL
$ 70,275
$ -Is
-
$ --I
$ -
$
Impag;t on Operating Budget
9/9/2003
46 2.57 PM
LTD
Budget FY
Planned
FY 04/05
FY 05106
FY 06107
Total
Projected Annual Operating Budget
9130103
03104
Administrative Expense
20,000
20,000
Town Attorney
30,000
30,000
Civil Engineer
18,275
18,275
Auditor
2,000
2,000
Debt Service
Capital Outlay
Total Expense
70,275
70,275
Total Revenues
TOTAL
$ (70,275)
$
$
$ e
$
$ (70,275)
9/9/2003
46 2.57 PM
Capital Project
FY 2003/2004
4A Loan to Westlake Academy Foundation
Capital Project #
Project Descrl tp 9on
Economic Development incentive for the Academy Foundation
Project Schedule Begin End
Planning
X11 �a
=!I.7114. i. .._
LTD
Budget FY
Planned
FY 04105
FY 05106
FY 06/07
FY 07108
Project Expense
LTD 9130103
03104
Contingencies
25,000
TOTAL
$ 25,000
$
$
$ -
$ -
$
Funding Source
Certificates of Obligations
Private
Debt Service
General Fund
Capital Outlay
Utility Fund
25,000
Enterprise Fund
Total Expense
Total Revenues
Westlake Visitor's Association
TOTAL
Grants
$ -
$
$ _
$ _
$
Total
-
Interfund Loans
4A
25,000
Q
Total
25,000
-
-
-
TOTAL
$ -is
-
$
$ -
$ -
$
=!I.7114. i. .._
9/10/2003
47 10:10 AM
LTD
Budget FY
Planned
FY 04105
FY 05106
FY 06107
FY 07/08
Projected Annual Operating Budget
9130103
03/04
Personnel Expenses
Supplies
-
Maintenance
Services
Debt Service
Capital Outlay
25,000
-
Total Expense
Total Revenues
25,000
TOTAL
$ -
$ -
$
$ _
$ _
$
9/10/2003
47 10:10 AM
Utility Fund
Capital Project
FY 2003/2004
WL/Keller Overhead Storage Tank
Capital Project # 900.6
Project De.5pri.ptiVrj
Water storage tank the City of Keller and the Town of Westlake share. Funding provided by City of Keller
and Town of Westlake. Reimbursed from the Utility Fund via a loan from 4B.
Project Schedule Began. End
Design Jan -01 May -01
Construction Jun -01 Jun -02
Fiscal Impact
.i. .. .o. •.- ..
LTD
Budget FY
Planned
FY 04105
FY 05106
FY 06107
FY 07108
Project Expense
9130103
03/04
Design
Engineering
Contingencies
238,555
120,429
119,451
119,939
120,247
120,374
TOTAL
$ 238,555
$ 120,429
$ 119,451
$ 119,939
$ 120,247
$ 120,374
Funding Source
-
Certificates of Obligations
Private
General Fund
-
-
-
Total Expense
Total Revenues
Utility Fund
119,668
120,429
119,451
119,939
120,247
120,374
Westlake Vsitors Association
$ -
$
$ -
$
$
Net to Fund Balance
Grants
Total
119,668
120,429
119,451
119,939
120,247
120,374
Interfund Loans
4A
4B
118,887
Total
118,887
-
TOTAL
Is -
$ -1
$ -1
$ -1
$ -1
$
.i. .. .o. •.- ..
919/2008
48 2:58 PM
LTD
Budget FY
Planned
FY 04105
FY 05106
FY 06107
Total
Projected Annual Operating Budget
9130/03
03/04
Personnel Expenses
Supplies
Maintenance
Services
Debt Service
-
Capital Outlay
-
-
-
Total Expense
Total Revenues
TOTAL
$
$ -
$
$ -
$
$
Net to Fund Balance
919/2008
48 2:58 PM
Capital Project
FY 200312004
Park &. Open Space Planning
Capital Project # 757
Project Description
To maintain the physical beauty of the Town's settings; it is necessary to create an intensive plan outlining
the Parks and Open Spaces of Westlake,
Design
Fiscal Impggt
Oct -04 Sept -05
Impact on Operating. Budget
LTD
Budget FY
Planned
FY 04105
FY 05/06
FY 06107
FY 07108
Project Expense
9130103
03104
Design
2,000
2,000
TOTAL.
$ -
$ -
$ -
$
$ -
$
Funding Source
Prior Year's Remaining Funds
Certificates of Obligations
-
Debt Service
Private
-
Capital Outlay
General Fund
-
2,000
Enterprise Fund
-
-
2,000
Total Expense
Total Revenues
Westlake Visitor's Association
TOTAL
Grants
$
$
$ -
$
$ (2,000)
Utility Fund
-
-
-
Total
Interfund Grant
4A
413
2,000
19,500
Total
2,000
19,500
-
TOTAL
$ 2,000
$ -
$ 19,500
$ -
$
Impact on Operating. Budget
9/9/2003
49 2:58 PM
LTD
Budget FY
Planned
FY 04105
FY 05106
FY 06107
Total
Projected Annual Operating Budget
9130103
03/04
Administrative Expenses
2,000
2,000
Town Attorney
Civil Engineer
Auditor
-
Debt Service
-
Capital Outlay
-
2,000
-
-
-
2,000
Total Expense
Total Revenues
TOTAL
$ (2,000)
$
$
$ -
$
$ (2,000)
9/9/2003
49 2:58 PM
Capital Project
FY 2003/2004
Master Thoroughfare Update - Retail Development
Capital Project # 753
Project Description
Developing the infrastructure for the Town is an important part of creating commercial development. In
order to keep development growing in an organized and anticipated manner, it is necessary to update the
Master Throroughfare plan. This will allow the Town to shape growth in a way that coincides with the
vision of Westlake,
Project Schedule
Design
Fiscal Impact
Begin gin
Qct -04 Sept -05
[WORKSTIVITF-M-M n.
LTD
Budget FY
Planned
FY 04105
FY 05/06
FY 06/07
FY 07108
Project Expense
9130103
03104
Design
2,000
80,000
2,000
TOTAL
$ -
$ -
$ 80,000
$ -
$ -
$ --
Funding Source
Prior Year's Remaining Funds
Certificates of Obligations
Debt Service
Private
-
Capital Outlay
General Fund
-
Total Expense
Enterprise Fund
-
2,000
Total Revenues
Westlake Visitor's Association
TOTAL
Grants
$ -
$
$ -
$ -
$ (2,000)
Utility Fund
Total
-
-
-
Interfund Grant
4A
4B
2,000
80,000
Total
2,000
80,000
TOTAL
$ 2,000
$
$
$
$ -
$ -
[WORKSTIVITF-M-M n.
9/9/2003
50 2:58 PM
LTD
Budget FY
Planned
FY 04105
FY 05106
FY 06/07
Total
Projected Annual Operating Budget
9130/03
03/04
Administrative Expense
2,000
2,000
Review
Finance / Audit
Attorney
Debt Service
-
Capital Outlay
-
Total Expense
2,000
-
2,000
Total Revenues
TOTAL
$ (2,000)
$ -
$
$ -
$ -
$ (2,000)
9/9/2003
50 2:58 PM
Capital Project
FY 2003/2004
Ottinger Overlay
Capital Project #
Project Description
Construction of the Ottinger Road Overlay. The overlay is a safety need due to the immense traffic
Ottinger Road will endure with the opening of the Westlake Academy.
Prgiect Schede —Be 0i Erid
Design May -04 June -04
Construction June -04 July -04
Fiscal impact
Impact on Operating Budget
LTD
Budget FY
Planned
FY 04/05
FY 05106
FY 06107
FY 07108
Project Expense
9130103
03104
Engineering
45,000
Construction
105,000
7,338
Contingencies
TOTAL
$ -
$ 150,000
$ -
$ -
$
$
Funding Source
Certificates of Obligations
Private
General Fund
8,238
Total Expense
Total Revenues
Enterprise Fund
TOTAL
Westlake Visitor's Association
1$ (8,238)
$
$
$ -
$ (8,238)
Grants
Utility Fund
-
-
-
Total
Interfund Loans
4A
4B
130,000
Total
130,000
-
-
-
TOTAL
$
$ (20,000)
$ -is
$ -
$ -
Impact on Operating Budget
919/2003
51 2:57 PM
LTD
Budget FY
Planned
FY 04105
FY 05106
FY 06107
Total
Projected Annual Operating Budget
9130103
03104
Personnel (Salary, Taxes)
Administrative Expenses
7,338
7,338
Civil Engineer
Auditor
900
900
Dent Service
Capital Outlay
8,238
8,238
Total Expense
Total Revenues
TOTAL
1$ (8,238)
$
$
$ -
$ (8,238)
919/2003
51 2:57 PM
Capital Project
FY 200312004
Permanent DPS Facility
Capital Project # 756
Project Description
To better serve residents and businesses in Westlake, the DPS will need a permanent structure to be housed
in. This project includes all phases of building these facilities.
Project Schedule Begin Ern
Design Jct -03 Dec -03
Construction Dec -03 Oct -04
Fiscal Impact
Impact on Operating Budget
LTD
Budget FY
Planned
FY 04105
FY 05106
FY 06/07
FY 07108
Project Expense
9130103
03104
Design
2,000
2,000
Construction
3,200,000
Grants
Contingencies
TOTAL
$ -
$ -
$ 3,200,000
$ -
$ q
$ -
Funding Source
Prior Year's Remaining Funds
Certificates of Obligations
21000
Total Expense
Total Revenues
Private
TOTAL
General Fund
$
$
$
$
$ (2,000)
Enterprise Fund
Westlake Visitor's Association
Grants
Utility Fund
-
-
Total
Interfund Loans
4A
4B
2,000
20,000
Total
2,000
20,000
TOTAL
$ 2,000
$ 1
$ (3,180,000)
$ -
$ -
$
Impact on Operating Budget
9/9/2003
52 2:58 PM
LTD
Budget FY
Planned
FY 04105
FY 05106
FY 06107
Total
Projected Annual Operating Budget
9/30103
03104
Administrative Expenses
2,000
2,000
Town Attorney
Civil Engineer
Auditor
Debt Service
Capital Outlay
2,000
21000
Total Expense
Total Revenues
TOTAL
$ (2,000)
$
$
$
$
$ (2,000)
9/9/2003
52 2:58 PM
Unfunded Needs
FY 200312004
Items listed are needed in order to maintain an exceptional level of service to the
Town, but are unfunded for the upcoming fiscal year due to budget constraints. The
Town plans to implement the following projects when funds become available
1e Bi -Directional Amplifiers for Daimler/Chrysler Building $45,000
2, Dove & Ottinger Intersection Ike -work $100,000
3. Update Master Plans $50,000
0!1012003
53 10:12 AM
Westlake Academy
Budget
FY 2003/2004
Operating Budget
Income
Local
0
State
934.610
Federal
275.000
Lunch service
45.000
Beverage Sales
1.350
Total Income 1,255,900
Total Expenses 1 252,117
Net 40,
Expenses
Payroll Expenses
Salaries
Instructional ' 627.325
Leadership 156.800
Staff 65,385
Total Salaries
Worker's Compensation
Total Payroll
Professional Services
Technology 30,000
Professional &Contracted 5,000
Legal 5.000
Health Services O
Total Professional Services
Insurance
Liability Insurance 88.944
Liability Insurance 'Umbrella 3.000
School Leader Errors & Omissions 8.580
Prnperty|nmuranoe-Bni|er 913
Total Insurance
Travel / Training /Publications
ESC XI Fees 22,792
Travel 10,50O
Staff Development 9,COC
Bids / Notices /Ads 3500
Total Travell Training / Publications
Office Expense
Printing 5.000
Copier Lease 4800
Total Office Expense
QMA/2O03
Westlake Academy
Budget
FY 2003/2004
Operating Budget
Telephone
Phone Service 8.400
Internet T1 Line 6720
Total Telephone
Utilities
4`000
Utilities
12.000
mmn
2,580
Total Utilities
94.500
Supplies & Materials
Instructional
4`000
Textbooks
10'000
Startup
25,000
Technology /Hardware
94.500
K8odio
600
Total Supplies & 88otedu|o
Food Services
Beverage Service
|BOFeeo
Other Operating Costs
Total Expenses 1.262.117
Total Income 1,255,960
Net
QMB/2003