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HomeMy WebLinkAboutRes 02-40 Adopting Proposed Budget for Fiscal Year 2002-2003TOWN OF WESTLAKE RESOLUTION NO. 02-40 A RESOLUTION OF THE BOARD OF ALDERMEN OF THE TOWN OF WESTLAKE, TEXAS, ADOPTING THE BUDGET FOR FISCAL YEAR ENDING SEPTEMBER 30, 2003. NOW, THEREFORE, 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 adopt the budget for fiscal year ending September 30, 2003. SECTION 2: That this Resolution shall become effective upon the date of its passage. PASSED AND APPROVED ON THIS 23" DAY OF SEPTEMBER, 2002. ATTEST: Ging Crosswy, Town cretary APPROVED AS TO FORM: Scott Bradley, Mayor Trent O. Petty, Town M er Town of' WeAldke Annudl B1 2oO2,,2003 8 ! op Town of Westlake Annual Budget FY 2002/2003 Scott Bradley Mayor Board ofAlderman Fred Held, Mayor Pro -Tem Buddy Brown Bill Frey Don Redding Larry Sparrow Trent Petty Town Manager Stan Lowry Mary Midgette Ginger Crosswy Town Attorney Asst, to the Town Manager Town Secretary Town of Westlake Organization Chart FY 2002-2003 Citizens of Westlake Mayor and Board of Aldermen rl owu Attorney H Tomi Secretary To��u Manager Asst. to Town Maiiager Adnan Sec. Admin Assist Town Coiasul;a Nr Muni. Ct. Administrator Tire Chief Town Marshall 1 j Fire/Ems SG[f>" Westlake Academe WESTLAKE August 26, 2002 Honorable Mayor and Members of the Board of Alderman: I am pleased to present to you the FY 2002/2003 program of services for the Town of Westlake. This budget represents our continuing commitment to conservative fiscal budgeting and aggressive community planning to meet the growing needs of Westlake without assessing a property tax. No community escaped the emotional and economic impact of September 11, 2001. As our country carne to grips with the realities of foreign terrorism at home, our purchasing habits, leisure activities, travel plans and our national priorities abruptly changed. The Town of Westlake was particularly hard hit financially due to our reliance upon sales tax as our primary revenue source. While the ending months of FY 2001-2002 have seen slight recovery, we anticipate that overall revenues will end the year having only reached 7396 of our projection. The Town reacted very early to the revenue shortfall by reducing consultant expenditures and delaying the hiring of the budgeted Public Works Director and Town Planner. Early expenditure adjustment allowed the Town to deliver all budgeted levels of service and complete all budgeted capital projects. The graphs below show the projected budget vs. actual for General Fund Revenues and for General Fund Expenditures, FY 2001/2002. $3,500,000 - --- s $3,000,000 9 $2,500,000 $2,000,000 $1,500,000 = - Expenditures $1,000,000 Budgeted i�Expenditures $500,000 Actual =-Revenue $0 Budgeted 99100 00i01 01102 02103 Revenue Actual 3 Village Circle • Suite 207 Solana • Westlake, Texas 76262 Metro: 817-430-0941 • Fax: 817-430-1812 • www.westlake-tx.org Major Events of FY 2001-2002 In March 2002, The Town of Westlake issued its First ever debt instrument, a ,$12.4 million Certificate of' Obligation to build the new Westlake Civic Campus housing the Board of Alderman Chambers, Town Recreation Center, Towyn offices, Texas Student Housing Entities and the Wesdake Academy charter school. Forward thinking comrnttrti[V planning and conservative spending combined with Westlake's bright future produced a very impressive "A" bond rating. hw_Jtme 2002, the Town took an unexpected, yet positive step in its journey to self- sttfficiency by st d1ing and equipping the Wesdake Fire and Rescue.. Chief Greg I Ucker was hired to head up the deparlrnenl and miraculously org utized stalled and ecIuippecl a Bill service hire and Rescue in less than six[), days. In addition, Chief `bucker applied For a FEMA g -ma for a new {ire TrucL for West s c s new startup operation, and it was awarded in August 2002. The ,$240,000 grant requires only 10% funding from the Towyn of Westlake. This matching share is included III the FY 2002-2003 budget proposal. Fiscal year 2001-2002 Aso saw the Town ofAVestlake enter into a Police and AAirnal Control agt-cement wwrilh the City of Keller. This contract began June 1, 2002 aitd extends yearly upon mutual agreement from both governmental bodies. The services include animal control, dispatch, criminal investigltiom, traffic enforcement, patrol and scvcr�d oilier services to the Town of' Westlake, The cost to provide these services fol- the remainder of FY 2001-2002 was 5108,000. Budgeted costs for FY 2002-2003 etre 5655,000. The Keller contract stipulates that all municipal court revenues are retained the Town of- Westlake. In contrast, had the previous service ag -cement wwidt the Trophy Club/ 7csdakc DPS continued, the cost for Police, Fire and EMS services would be 1.5 times the actual revenue in FY 2001-2002. That. cost to revenue comparison in GY 2002-2003 would have been 3.5 times the revenue or x;1,695,316 given the increase in NVcstlake appraised valuc. Linder the new agreement, Westlake's cost to reveuuc comparison is 2.7 tines the rcw,cnue or 51,289,000, thus saving the Towyn ol'Westlake an estimated 406,000 in the coming budget year and much more i❑ subsequent years based upon the DPS cost allocation ]c0r11lulti. `1'hc Town also created the Westlake Court ofRecord in FY 2001-2002. Municipal JudgL Brad Bradley WaS appointed as the d'own's first municipal court judge and Amanda DeGan was ]tired as the Town's first Court Administrator. Thanks to Amanda's efforts and that of' Towyn Marshall, Ron While and Administrative Assistant Todd iVood, who covers all [lie accounting (1116Cs for the rl,owvn, the Court, in its first year has covered 100% of its cost quid added $301,153 in new revenues Co die r1~own coffers. Municipal Court reve�lues for FY 2002-2003 are anticipated to be S421,200. w The newly complete Vaquero please I residential subdivision and golf- course and the two- yev'-old Glenwyck Farms continued to be tine main contributors to new housing- starts in FY 2001-2002. Nineteen new residential permits were issued during the year with in average value of $688,332 per home. These new residences plus die addition of the newly- completed Daimler Chxyslerfacility combined to result in a new assessed valuation of over $640 million. Goals and Results The FY 2001/2002 budget focused on fide broad policy objectives. The resul€s of each of' these objectives are: Continue to maintain and improve service and devc lopinclit standards. Results A. Nei v police scry cc aar ccrrlerlts rritl7 Cilj- o1 Keller alld File, E11 ec�triprrlenl intcllocal a;reenlenls rYid1 Sou1111 tke rurrl KC11Cr 13. New plat templales C Codr`fication ol"all i'l estlakc Ordinvrces D. New Firc/Fescue. L. Roil ding" for- FM 1938 F. Completion of afl hudgeted capital pi-ojecls 2. Improve our revenue generating capacity. Results A. 1l7cTv Court o1'Rccord B. Signed Duct Baulk Leases totaling- o vcr $Y90, 000 C Improved elliciencJ� ol,operalions of -Pump 5'1,16012 D. fire/Rescue .services fee schedule E. Increased li-arrclllse fee fi-oni solid wasle plosider F Alggotialini '117('rc LseC1 h-wichlsC ke ll'oln Elect-ric- pro v cler G. li'crrror cd a ll ncry dei•Clopnlcllts from Circe I /tll.'DS 3. Provide financial ;incl planning support for the Westlake Academy. Results A S12,1 Irjlllron Certificates of Ohligat7on Issued ri,idi '.1 n I ri ing B. Ills1.a1hrlen1, Sdc prepared In light of AG I-cgtill 'ClllenI rr7di A- r 81r11�- C. Facilities Rel-iew Collllnitice in place & slruclure 0%) desl,;rlcd. D. I tfeck1j7 Construction Reviei,vincel ngs (Architect, COIlstrtictlorl lllrtrlrl�;er, Educalion Technologist curd Town 1Ylaurx, j) f. lusurc that development revenues support developnnent cos€s. Results A Amend thoroughlire plans to slipukac utililj,localmr1 rued pru-licipation. B. Major reduction irr (fevclol)rlrcrrt ctpcndittires to ,2djtrst for developrnelrl slorrclorr71. Iv C Collected all but Iwo properly owners IM 1938 engincerg� rn P,U-Ll cj�uadon doll' -s. 5. Improve cost efficiency and duality of professional services to Clic town. Results: A. Made necessary consulting-stall'chul,,es 13. Eliminated weeklt, consultant rneeliugs C. Achieved 10096prgjecl coding -on invoices D. Brovided 112 house plviningand zolrrlrgrel„iervs E. Evpanded CC,C111sl)cctloi) contract T Pel-lor17ied crltictil rci iciv of Aqua -Source ,Ser[RCe.S G. 1 eriniii ited 1 i-ophy Cltibl 1'i,estla-c DP.S Contract FY 2002-2003 1. Update Master Thoroughfare Plein 2. Update Master Open Space Plein 3. Update Comprehensive Lx1nd Use Plan slid Zoining Maps 4. Improve Westlake's self stifliciency 5. Continue to evaluate new revenue enterprises 6. Attract neer retail and commercial development in complieunce with Town standards 7. Budget, Orgainlze, Stall and Open the NVesdakc Academy, fall `0 3 8. Prepare plan to move Wesdalce hire/Rescue to perrrlanent facilities The FY 2001/2002 budget is divided into live separate:. funds. The General Fund The General Fund is die most traditional and rccogmired fund, which supports the bull: of city services. All city sales taxes, development and permit lees and other miscellaneous revenues support this fund. Lxpendrttires from this fund include non -enterprise Itlnd personnel costs, Department of Public Safety expenditures and general operating costs of the cih,. The most significant cost increases proposed for FY 2002-2003 are in the area of I'ull tine ,milling for the Fire Department. Cliief Tucker will begin intervienving in die Fall for ]till tinne stall to replace the excellent contract people the have relied upon since ci-catirig the Fire/Rescue. Full time staff is required in order for die Town to rennailn licensed and certificcl by the State ofTexas. Nine (p) full-time stall will be hired gild IIOUsed in the tciinporary fire station f'acilitics located on Dove ltd. The next largest expenditure wlihiri the General Fund will be to the City of Keller for tine Police Scivices , g-recnierrt. Revenues are ]projected to remain relatively flat with high expectations for addition�6 connniercial and retail development projects to begin in the 4” quarter. In addition, staff expects the General GroNvdn Circle T Mall project to Ipreserit their toning case iii (lie spring widi a planned 2005 opening. The Utilities Fund The Utilities fund (formally Nater Utilities Bund) provides all water, sewer and duct bank services to the Town. Water service to a portion of the town's residential customers began in 13Y 2000/2001 as a result of the Dove Rd water line completion. New water services were added as new residential customers crone on line in 1'Y 2001-2002 in Glenwyk Farms and Vaquero. The Utilities Fund was started and has been supported by 2 loans from the Town of Westlake 4B Corporation for econonxic development. FY 2002-2003 projects 5096 reimbursement of the 4B loan, payment of the annual amortization of the 4A ductbank loan; proportionate reimbursement to Hillwood for the Dove Road Waterline for FY2000/2001 and 2001/2002, and a reduction in residential water rates. The Utilities fund is projected to receive one (1) twenty (20) year lease for telecommunications duct bank from Verizon totaling over $290,000. The Westlake Visitors Association Lstablishcd in late FY 1999/2000, this bund collects 7T6 of the gross receipts on most services offered to visitors of' Marriott and future NVestlake hotels. FY 2001-2002 saw the first request for (marketing and advertising assistance from this fund by the Marriott Hotel. 'File Board of' Alderman will be asked to appoint members incl begin regulau-ly scheduled nicet; tins o[ clic Westlake Visitor -s Association to review progrums and services in 17Y 2002- 2003. Westlake 4A and 4B Development Corporations Each o[ (hc 4A and 413 funds collects 1/2 cent sales tau: for qualified economic development ci[or[s in the town, fast expendit-ures include loans to the Water Utility Fund, grants for SH 11=1 Interchange improvements, and a loaf to build (lie tVcstlalcc telecolmmunicafions dL1ct bank. The 4A and 413 funds are maintained as separate funds each with their omi Board o[ Aldermen appointed advisory boards. The use o[ 4A and 4B hinds requires that projects be approved by the respective boards which authorize expenditures fi-onthese fluids, FY 2002-2003 budgets for several project; Ili each lA and 413. These projects are listed in the capital projects section of the annual proposed budget. In FY 2001-2002, the 413 fund loaned (lie Town of \Westlake $1.477 million to purchase the Westlal�c Civic Campus site [i-0113 Hillwood Development_ Those funds will be rciniburscd via proceeds from a planned installment sale for late FY 01-02. The lA �Llici 4.f3 Funds are projected to reserve a total estimated x;2.7 million by the end of FY 02-03. Summary FY 2001-2002 willgo doNvn III history a -s a di[liculL economic year for the `town. Sig ii[icanL unanticipated legal costs and m2jor clianges in operations were necessary to preserve and protect, (lie vision [or the corn munity. Remarkable progress was Invade on many complex and time consuming negotiations and financial decisions dunks to the dedication of [lie Tows, of westlake staff. Their work on these and many other projects including Vi preparation of the annual budget make working for the Towle of Westlake a sincere plcasurc. Special til-,ulks and recognition are due my stall; Mary Midgette, Assistant to llie Town M-uiager; Celeste Montalvo, Administrative Secretary and apprentice court cr- inee; Corey )Wickes, Town hitern; Todd Wood, Administrative Assistant; Greg Tucker, EmergcncN. Services Coordinator; Amanda DeGarn, Court Administrator and Ron «I-liite, Town Marshal. Special thanks also go to Town Secrctary, Ginger Crosswy far tier continuing dedication to Westlake and her work on behalf of the Town of Westlake Board of Aldermen. Since Trent Pett} , Town Manager Vii TABLE OF CONTENTS Town Officials Town Organization Chart Letter to Mayor and Alderman Table of Contents TAB ONE EXECUTIVE SUMMARY Introduction Basis of Accountiug/Budgeting Budget Process Budget Amendment Process General fund Utility Fund Westlake Visitors Association TAB TWO GENERALFUND Fund Summary Goals Report Employee Summary Income Detail Expenditure Detail TAB THREE UTILITY FUND Fund Summary Goals Report Income Detail Expenditures Detail TAB FOUR WESTLAKE N ISITORS ASSOCIATION Fund Summary Income Expenditures TAB FIVE DEVELOPMENT FUNDS 4A Summary 4B Summary TAB SIX CAPITAL PROJECTS All Projects Fund Source Summary Capital Pro ject Details Duct Burl: irifrastr ucturc Wes€lake Academy FM 1938 / 114 Interchange Improvements FM 1938 Engineering Circle'[' Mall Devclopuzeut Master Thoroughfare Update - Retail Development Fire & Rescue Startup Telecommunications Conduit Extension Permanent. DI'S Facility Park & Open Space Planning* ur ix Fidelity Tax Reimbursement O inger/Dove Road Intersection Rebuild Bridge Eubanccmeuts Expanded Westlake/Keller Overhead Stonrge Overhead Storage Connection to Dove The Town of Westlake 2002/2003 annual operating budget is the result of may flours 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 art accurate and user- friendly budget document that can be utilized as a resource tool by die Board of Aldermen, the Town stab and Idle citizens of Westlake. To accomplish this mission, a set ol' budget preparation guidelines, which represent generally accepted budgeting practices, has been established: 1. The annual operating budget. presents appropriations ol' expen ditures slid estimates of revenues IOr all local government Funds, Including sales tax revenues, franchlsc mixed beverage Lax, licenses and permits, development lees, stiles of printed material and Interest r11C0111C. 2. The annual operating budget 1llusU-atcs expellditures, anticipated revenue and estln-iated Impact Oil resellres and or surpluses. 3. Rcvenuc pro.jections are prepared each revenue source based on an analysis of pa1s� revenue trends and current fiscal conditions. 4. The budget process includes a 1lli1lti)1eaY projection of capital 1111provenlcnt requirements. 5. A budget message, Gw1uc11 summarizes loch Iinanc:ial conditions aged the princid�t�l budget issues the locality must face, is presented to the governing board along with the annual budget. 'File data [Or each fund is orgwlired silllilarly: • Prog -am Suminary • Goals Report • Revenue Detail • Capital Expenditure Details and Expenditure Projects Each division section contains statistical fund f riancial data for Ovo fiscal }ears: the curreill budget year and the fiscal year recently completed as o[ September 30, 2001 (as amended). BASIS OF ACCOUNTING/BUDGETING All governmental fund types are budgeted and accounted for on a GAAP basis for purposes of financial statement presentations. All of these funds use a financial resources measurement focus and are accounted and budgeted for using the modified accrual basis of accounting. Cinder the modified accrual basis of accounting, revenues arc recorded when susceptible to accrual, i.e., both pleasurable and available. Available nle.aails collectable within the current period or soon enough thereafter to be used to pay, liabilities of aic current period. Expenditures represent a decrease in a net financial resources told, other d1a11 interest on gencral long-term debt, are recorded when [he fund liability is incurred, if measul-able. Interest on general long-term deb[ is recorded when due. The Propriet-1111 Fund t}apes are accounted and budgeted for op a cost o[ services or �4capltal malimenance" illeasurcnlent focus, using the accrual basis of accclunting. Under the accrual basis of accounting, revenues are recognized Nvllcn earned wid expenses arc recognized when incurred. For purposes of this budget presentation, depreciation is not displayed acid capital expenditures and bond principal payments arc shown as uses of funds. Governmental Fund Types Govcrnillcntall fund t}pes iu-c [Bose through wl1ic11 11 -IUs( governinelltal Inunctions ol' the ToNvii are 111Mileed. The acquisition, use, and balances of the Town's expendable ling racial resources and the related liabilities (except those accounted [or in the. Propi-10MI-V and Fiduciary flind 1�1)cs) are accounted for through Governulentall Fund Lvpcs. The follo%vlil;:; are the Town's governmental fund t)'pcs. The Ge;nci-A Fund is the genci.d operating field of the To1vn. It is used to alccotmt for all revenues and expenditures except those required to be accounted for in other funds. Tile Westlake/Trophy Club Department of Public Safety is a nla]oI' function financed by the Gellcral Fund. 2. SpecUil Revenue Funds arc used to account for tile. I)roccecls of' specilic 1-evenuc sources, other than expendable trusts or major capital projects. All example would be federal block giant funds or similar revenues. 3. Capital Projects Funds arc used to account for Financial resources to be uscd For the acquisition or constrtic(lon 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 project budget, which may spall more thrid one budget Fear. "These have been divided into LNvo types: Gellcral Government Capital Projects are (]lose projects that arc typically funded with general obligation bond funds, state and federal grants, and (ransfers from the general fund. L1[ili[y Capital Projects are projects for the Utility funds. Funding sources arc typically revenue bond fluids or water and wastewater impact fees. Xi 4. Economic Development Corporation 4A and 413 funds are provided as local options, under section 4A & 413 of the local government code. The funds are generated frons. a I/2 cent sales tax levy for each Economic Development Corporation. The proceeds are used for general economic development and infrastructure support. 5. Westlake Visitors Association is die 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 Gtiridlin the Towel generate the funds. The proceeds are required to be used for dee promotion of tra el and tourism in the mown of Westlake. Both the General Governmerit and Utility capital project elands are presented in sumr 1 -ml, [oriel in the Capital Prgjccts Funds section of tliis budgct document. Proprietary Fund Types Proprietary Bind t)'Pes opel-ate III a spanner imilar to private business utilizing an accrual basis of accounting. l";,nterprise bunds - are used to accollllt 1 -or operations dial �u-c eillleI- 1-1muiced and operated in a Illailller silllilar to private business enterprises, for where the governing body has decided that periodic determination of revenues earned, expelises incurred, al CO)r net income is appropriate for capital nla3ntenice, public ponce', Imulagelli m control, accoulltal�ilit} or odler Purposes. The Utility Fund accounts for water, wastewater and tele CO111111unlGations convCN�ance (duct bank) scvices for the residents o[ -the Town. All dlctivitics necessary to provide such sei-viCCS are acCounted for III the fund, including administration, operations, maintenance, Financing arks related debt service, and billing and Co11CCtIon. THE BUDGET PROCESS The'rown Manager submits elle budget to the Board of'Aldermen. The Town's fiscal yeas- runs from October 1 dlI-ougli September 30. Prior to elle beg7nrling o[' the Iiscal year, dic Town i aliager must submit a Proposed budget, %VI)ICll includes: • A budget message • A consolidation statement of aIi1UClPated receipts and proposed expenditures lOr all funds • General Fund resources in detail • Special fund resources in detail • A s11IIIIII ry o[ proposed expenditurCs by fit nctioll, dcparttile lit and activity • Detailed estimates of expenditures shown seParatcly for each actin ity to suPport the proposed expenditure • A revenue and expense statement for all bonds A description of all bond issues outstanding • A scliedule of dee principal and interest payments of each bond issue xii • The appropriation ordinance and Clic L -Lx lctryiing ordinance (if applicable) The proposed revenues and expenditures must be compared to prior year revenues and expenditures. The budget preparation process begins early in dhc calendar year with the establishment of overall town goals and die analysis ol' current. year operations compared to expenditures. Budget policies and procedures are reviewed at the same lime to reduce errors and omissions. Funding levels/programs are aged upon and Che proposed budget is presented 1)3' the Town Manager to die Board of Aldermen. A public hearing on the budget is conducted according to state and local law. This meeting is held after [lie Board has reviewed the budget. The Board of Aldermen approves a level of expeucliture (or appropriation) For each fund Co go into effect October 1, prior to the expenditure of any Town Funds For that budget year. BUDGET AMENDMENT PROCESS Tlic Tm.,n Manager may request that the current year budget be amended. The'ro` it Manager will review die documentation and draft an ordinancc that will amend Clic current budget. This ordinance is theth preseuted to the Borrel oFAlderinen at regLilu-ly scheduled Board ol`Aldermen 9neeting for Board consideration. After considering the aniciidmem, the Board of Aldernhcrh votes on die amenclnieM. IF the ahnendine:nt is approved, the necessary budget Chan -CS ac -e dheth made. All budget amendments %,ill be approved by the Board oI Aldermen prior to the expenditure of' funds in excess of tlac previously authorized budgeted aunoaunts -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 2002/2003 arc projected to be $2,325,275 as compared to FY 2001/2002 total of $2,386,282. Sales & Use Faxes Sales Lax receipts are the result ol' a tax levy on the sale of goods and services within the Town as authorized by the State of rrcxas. The maximum sales Lax allot%'eel in the To%«Z of NAlesdake is 8.25% per dollar on Al goods and Services deemed Laxablc. The State remits to the Town, on a monthly basis, an funount equal to leo of the taxable sales within the Mown. [or the general fund, in addition to .5% Co each of the t-wo economic development corporations, which were formed for the benelit of the Town of' Westlake. Salcs taxes are budgeted to be relatively stable for '- Y 2002/2003 Alcoholic be\'crz,,,e tuxes are. the result of mixed beverage and -private club registration permits remitting a 1=1 nuxcd beverage gross receipt tax to the state. "1'lie 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 tscx. Authority gi-cited b}r [lie State ofTexas allows cities (o levy a tax riot to exceed 7% of the rental race For a hotel/motel room. funds generated by the occupaulc)' tax tu-e required to be used in a ►nanner, which directly enhances and promotes tourism and the convention and hotel industry. Sales and use taxes constitute IIIc. l u, est revenue source for the general fund. Franchise Taxes Franchise tax represents those revenues collected from utilities operating withirn (lie Town that use the Town rights-of-way to conduct their business. The Board of .A.Idernicn has authorised a 3% fee [or (lie electric utility, 4% for the natural gets utility, 5% for the cable TV utility and a 12% of --Toss receipts fee For the refuse collection company. A flat rate is charged to both telephone operators {acl,}ustccl annually) based on the number of access lirics. Licenses & Permits Licciise and permit revenue includes fees charged by the rl OW11 for certain types of ol)crsitor licenses and permits for construction and other itenis regulated by Town or(linarices. ConnnerClal building aetivit), is expected to imlRrove tlas-oughout 2002/2003. Re enuc pro'cctions should remai11 constant [or this category based on the expectation that residential and commercial collstructiori activity will continue at the current rate. Miscellaneous Revenue Includes the sale of -printed materials as well as interest earned. xiv E�, enditi res FY 2002/2003 proposed operating expenditures in General Fund total $2,225,430. This compares with $2,778,081 originally budgeted in FY 2001/2002 or an decrease of 2096. FY 2001/2002 revenues were disappointing; as a result of September 11, 2001 rued ars overall downturn in commercial and retail new construction. Expenditures were adjusted to reflect the reduction in revenues so that the anticipated FY 2001/2002 actual revenues are expected to be $2,386,282 with expenditures totaling $2,301,813. UTILITY FUND Tl1c Utility Fund accounts for water and wastewater services [or the residents of the Towyn. All activities recess u}f to provide such services are accounted [`or in the fund, illclucling administration, operations, maintenance, Iinailcing 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 lilies ii1 Westlake. The duct bank is a public/private paraiersliip that utilizes private sector capital, town planning and engineering; rind town operation. Phase i Nwas completed in FY 2000/2001 and is react}, for occupancy in FY 2001/2002. The first leases were entered into in late FY 2001/2002 with payment totaling; $291,472 due in November 2002. Revc.nl1P. The Utility Fund receives revenues from the Duct bank, selling w•atcr to residential rued conultercial users, -incl wastewater services (lie Toxvii provides. Each of these is described in more dcuul below to provide rui understanding of flow different [actors can explain their totals. FY 2001/2002 revenues are projected to enol with a total of ,$942,447. For the FY 2002/2003 proposed revenues should equal $1,051,517. T)nct Rank The Duct bruik is the conduit, which is intended to house utility infrastructure in a 1111,11111e, that helps the Town account for everyllling in the ground in Wesdake. Revenues the 1_ltillty Fund receives 1-1-0111 the Duct bank are contingent upon utility companies leasirl;; out portions of the conduit. Due to a slowdown in economic grow(li this year, M1 :unendment was needed to decrease die artiount expected in Duct hank revenue. Next yerT the Town Should be sighing a lease on the spine portion of the Duct bang: from Vcriron raid negotiations �u-c underwa}r with a second teleCOIII conlpan}r. Water Revenue TIIC 14111tV Fund rilso 1-cccivcs revenues fr0111 the sale of water to residential and commercial users in Westlake. Due to the rruny surnmer season and rul iueffective cater rate system, ~hater revenues are clown [or the year. It is tough to predict (lie amount of- rainfall frainfall Westlake will receive for next year but the Touvn is implementing a new water rate system so that,.vatcr costs are passed on to the larger users. 'nie school site, as wren as increased commercial building should help to increase water reveluies for next )'Car - Wastewater Revenues xv The wastewater revenue die Utility Fund receives is based on water usage throughout. die 1mvii. Because water revenues were down, Wastewater revenues are also down. With the new mite increase, school site, and increase in commercial building, wastewater revenues is expected to increase next year. Expenditures FY 2001/2002 projected expenditures in the Utility Fund total $996,300. Tile expenditures are higher than expected due to a Peak payment from Ft, North; one Cor this NTcar and Ft. Worth assessed 20000/2001 peak payment in this 2001/2002 fiscal year. FY 2002/2003 proposed expenditures for the Utilit}' Fund total $1,017,120. The utility Fund's liigh proposers expenditures are, in large, due to the repayment of severtil short terns loans borrowed from other Town Funds. Annual amortization of the 4a duct bank loan at 595,000, as well as reimbursing 50% of the 4-b loans for the Keller overhead storage first payment and operating funds for the first year. Also expensed is the `1 o«-n's proportionate reimbursement to Hillwood for the Dove Road waterline and 377 pinup station for the FY 2000/2001 and 2001/2002 payments. These payments cure predicated on the Fund cash ilo«ing, and In die first year there was (lone, however we do not. waist to continue to be III an -cars with Hillwoorl, therefore we are Baying the outstailding balance. WESTLAKE VISITORS ASSOCIATION FUND I1ote1 Occup�Incy "faxes are allocated to this fitnd and obtained through the assessment oC a 7% hotel occupalicy tax. Authority granted by die State of "Texas allows cities to levy a tax not to exceed 7% of Clic rental rate fora hotel/motel room. Funds generated li}' the occupalicy pax are required to be used in a mariner, which directly enll umces a,ld promotes tourism amid the convention and hotel industry. Hotel Occup-ilic}r revenues IMVC been less than miticipated in FY 2001/2002. Revenues Revenues for the NVesdalce Visitor's Association aye based purely on the Hotel/it'lotel tax and interest income on the account. Revenues for FY 2001/2002 are projccLcd to be 5339,547. 'While next year, revenues are projected to total $332,000. Expenditures Expenditures for Administration, Accounting, and management ol' the Westlake Visitor's .-association Fulid are $94,653 for FY 2001/2002. FY 2002/2003 proposed expenditllres l-cir [lie NVestlake Visitor's Association total S 150,24-5, fart of' the increase is due to the expense of creating a new logo lar the rl OW11 of `Westlake. xvi FY 2002/2003 Goals Report 2000/2001 Goals Status 1. Update Master Thoroughfare Plan 2. Update Master Open Space Plan 3. Update Comprehensive I -a nd Use Plaii told Zoning Maps 4. Improve Westlal-Zs self sufficiency 5. Continue to evaluate new revenue enterprises G. Attract new retail and commercial development in compliance ivitl) Town stauidards 7. Budget, Organize, Staff and Open the Westlake Academy, Fall `03 S. Prepai-e plan to move NVL Fire/Rescue to permanent facilities 2001/2002 Goals L. Continue to maintain and improve service: and development standards. a. Insure that all quality stalulai ds adopted for the 'Fawn via Clic UDC are also adopted for the PD's. b. Update the master thoroughfare. plan io protect residential st uiclards and Improve commercial access a17C1 att3"aCti�'elleSS. c. Update open space (trail) plan as rnjor new developments occur. d. Overlay Dove Rd. from east city limit to FM 1038. c. Enter into new solid waste frwichise a,lccment. 1'. See that all residents have adequate telecom utility choices. 2. Improve revenue -generating, capaclt}'. ;. Lease 1) FM t938 section of duct hank, 1) Vaquero section and 1) Kirkwood section. (Yield approximately 250k for a twenty yr. lease) h. Lxpmd water and sever lines to acid new custonlers as capital becoiilcs avallable. 1. Investigate creation of home/ uslness alarm cliLerprlse. I . Complete 50,000 sq. ft. of new commercial sales tax producing enterprise. 3. Provide finaicial a3ul planning support for tf1C NVestlal:e Academy. k. Conduct space utilization plan and design for joint facilities. 1. Sell bonds Lor project. Begin capitallmi interest wlicre applicable. n1- Secure site. n. 1-111-c llcadniastcr in 1''' Q. L. IIISIII-C. that development I"eventles support development costs. o. Establish PO system of -charges for professional services that is Capital Project based. xvli p. Perform fund accounting audiL to identify and separate development costs and revenues. 5. Improve cost efficiency and duality of professional services to the tomi. a. Investigate costs, structure, service and elliciency comparison for independent Department of Public Safety b. Hire full time employees in areas that have exceeded consultants ai)d/or contracted agents effectiveness and/or efficiency. xvui General Fund Program Summary Fiscal Year Summary FY 99100 FY 01102 FY 00101 Projected FY 02103 Proposed Revenue 2,218,353 2,106,183 2,386,282 2,325,275 Expenditures 1,776,081 2,105,808 2,301,814 2,225,431 General Fund FY 99100 FY 00101 FY 01102 Projected FY 02103 Proposed Beginning Balance 2,054,990 1,719,202 1,987,653 1,537,382 Ending Balance 1,719,202 1,987,653 1,537,382 1,291,338 Transfers In - - 803,306 - Transfers Out - Reserves 42,128 30,000 1,338,045 345,889 Restricted Funds - FM 1938 Escrow 384,210 127,500 # Days Operating 3531 3191 244 212 Restricted Funds are not included in Ending Balance General Fund Transfers In F`( 01/02 FY 02103 FY 99/00 FY 00101 Projected 'Proposed Capital Projects TC / WL DPS 2000/2001 Shortfall 4A 413 97,295 Auditor's Corrections (for prior years) 803,306 Total Transfers In 803,306 General Fund Reserves Transfers Out FY 01102 FY 99100 FY 00101 Projected FY 02/03 Proposed TC / WL DPS 2000/2001 Shortfall - 90,695 DPS 1st Quarter Payment TC 1 WL 97,295 22,500 TC / WL DPS Buyout 100,251 30,000 Keller Police Services 6102-9102 108,094 75,000 Capital Projects - 259,210 Dove Road Escrow 85,000 127,500 Westlake Network 30,000 - Westlake Academy/Application/Kaleidoscope - 82,500 - FM 1938 Escrow 259,210 145,889 Dove Road Overlay 30,000 - Fire & Rescue 350,000 200,000 Utility Fund Loan Keller Reimbursement 2000 40,000 - Annual Peak Payment - 95,000 - Total Transfers Out 30,000 1,338,045 1 345,889 General Fund - Restricted FY 01102 FY 99100 FY 00101 Projected FY 02103 Proposed Restricted Funds Court Security - 21,600 22,500 Court Technology 28,400 30,000 Trail Escrow 75,000 75,000 FM 1938 - 259,210 Total Restricted Funds 384,210 127,500 9/20102 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 • GTE/Verizon 318.240 - TXU Gas 318.250 • Charter Communication 318.260 • Millennium Telcom 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 • Building Permits 330.000 • Fire/EMS Income 330.100 - EMS User Fee 330.200 • Fire Code Permits Total 330.000 • Fire/FMS Income 341.300 • Development Fees 341.310 . Development Fees - Other 341.320 . Contractor Registration Fees 341.330 • Special Event Fee 341.340 • Lot Development Fees Total 341.300 • Development Fees 341.400 • Sales of Printed Material 341.400 • Sales of Printed Material Total 341.400 • Safes of Printed Material 351.000 ° Court Fees Received 351.100 • Westlake Court Fees • Court Technology * Court Security 351.200 - NSF Check Fees 351.300 • Court Efficiency Fees 9120102 General Fund Budget 200212003 Approved Budget Projected Proposed Budget FYE 00101 01102 01102 02103 1,110,500.00 641,215.00 600,000.00 750,000.00 1,110, 500.00 541, 215.00 600, 000.00 750, 000.00 11,375.00 5,917.00 9,255.00 8,000.00 11,375.00 5,917.00 9,255.00 8,000.00 2,748.00 3,500.00 3,500.00 4,500.00 6,487.00 74,907.16 74,907.16 75,000.00 1,478.00 1,700.00 1,690.00 3,000.00 5,401.00 6,595.12 6,595.12 7,000.00 125.00 171.00 155.00 2,500.00 20.00 318.00 300.00 325.00 79,080.00 92,000.00 92,000.00 120,000.00 89, 898.00 163, 700.00 163, 700.00 190, 000.00 15,588.00 8,400,00 8,400.00 9,500.00 200, 825.00 351, 291.28 351, 247.28 411, 825.00 266,930.00 125,000.00 200,000.00 200,000.00 0.00 1,065.00 900.00 1,100.00 266, 930.00 126, 065.00 200, 900.00 201,100.00 0.00 0.00 - 22,400.00 0.00 0.00 1,000.00 3,000.00 0.00 0.00 1,000.00 25, 400.00 458,310.00 20,000.00 28,000.00 200,000.00 9,150.00 6,000.00 6,750.00 6,000.00 0.00 750.00 500.00 500.00 0.00 75,000.00 33,900.00 150,000.00 467,460.00 101,750.00 69,150.00 356,500.00 1,752.00 525.00 525.30 1,000.00 1,752.00 525.00 525.30 1,000.00 0.00 325,000.00 370,000.00 420,000.00 0.00 23,100.00 28,400.00 30,000.00 0.00 17,500.00 21,600.00 22,500.00 0.00 0.00 200.00 1,200.00 0.00 0.00 - 0.00 Income Tota! 351.000 • Court Fees Received 361.000 • Interest Earned 361.100 Gen Fund Interest Earned 361.500 Muni. Court Interest Earned Total 361.000 • Interest Earned 394.000 • Misc. Income Transfer From Texpool EMS Startup DPS Shortfall 200012001 DPS 2001/2002 1st Qtr, Payment TC 1 WL DPS Buyout Keller Police Contract 6102-9102 Total Transfer From Texpool Transfer From Utility Fund Repayment of Infrastructure Loan Total Transfer From Utility Fund Total Income Total Expenses Net to General Fund w - Restricted Funds 9120102 General Fund Budget 200212003 Approved Budget Projected Proposed Budget FYE 00101 01102 01102 02103 0.00 325, 000.00 370, 200.00 421, 200.00 129,953.00 35,000.00 37,400.00 15,000.00 0.00 0.00 75.00 0.00 129, 953.00 35, 000.00 37,475.00 15, 000.00 1,440.00 195.00 195.00 250.00 0.00 224,531.50 350,000.00 0.00 0.00 90,695.00 90,695.00 0.00 0.00 97,295.00 97,295.00 0.00 0.00 100,250.77 100,250.77 0.00 0.00 108,094.00 108,094.00 0.00 0.00 620,866.27 746,334.77 0.00 0.00 0.00 0.00 135,000.00 0.00 0.00 0.00 135,000.00 2,190,235.00 2,207,824.55 2,386,282.35 2,325,275.00 1,950,207.00 2,078,961.84 2,301,813.94 2,225,430.50 240, 028.00 128, 862.71 84,46 8.41 99, 844.50 Expenses 410.100 • Payroll Expenses 410.110 • Salaries 410.110 • Salaries - Other Total 410.1f0 • Salaries 410.120 • Automobile Allowance 410.130 • TMRS 410.140 • Insurance 410.141 Health 410.142 Dental 410.143 • LTD, Al]&D, , Life Total 410.140 • Insurance 410.160 Admin. Fee 410.100 Payroll Expenses - Other Total 410.100 • 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 410.352 • Water Utility 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, Underkofler 410.363 • Lloyd, Gosselink 410.364 • Misc. Legal 410.360 • Legal - Other Total 410.360 • Legal 410.370 • Planners Fees 9/20102 General Fund Budget 2002/2003 Approved Budget Projected Proposed Budget FYE 00101 01102 01102 02103 46,386.00 112,507.00 126,000.00 90,200.00 46,386.00 112, 507.00 126, 000.00 90, 200.00 624.00 0.00 160,000.00 0.00 2,044.00 31,600.00 19,842.48 10,000.00 0.00 0,00 10,000.00 16,000.00 0.00 0.00 2,000.00 3,050.00 C.00 0.00 1,000.00 510.00 0.00 0.00 13, 000.00 19, 560.00 23.00 65.00 65.00 0.00 2,472.00 1,800.00 2,500.00 1,850.00 51, 549.00 145, 972.00 161, 407.48 121, 610.00 3,103.00 6,806.37 7,812.00 5,150.00 764.00 1,591.81 1,827.00 1,250.00 66.00 1,200.00 1,827.00 1,250.00 3,933.00 9,598.18 11, 466.00 7,650.00 87,360.00 87,360.00 87,360.00 28,224.00 87,360.00 87360.00 87,360.00 28,224.00 62,624.00 25,000.00 25,000.00 10,000.00 37,072.00 18,000.00 15,075.00 40,000.00 186,347.00 95,000.00 160,000.00 15,000.00 52,514.00 10,000.00 10,000.00 0.00 246,760,00 0.00 20,000.00 5,000.00 0.00 0.00 6,000.00 8,000.00 0.00 9,240.00 9,240.00 5,000.00 485, 621.00 114, 240.00 205, 240.00 33, 000.00 224,028.00 227,000.00 270,000.00 101,250.00 78,358.00 61,865.00 50,250.00 25,000.00 14,072.00 1,041.00 3,500.00 10,000.00 0.00 39,000.00 36,750.00 15,000.00 0.00 0.00 - 0.00 316, 458.00 328, 906.00 360, 500.00 151, 250.00 General Fund Budget 2002/2003 Approved Budget Projected Proposed Budget Expenses FYE 00101 01102 01/02 02/03 410.371 • Planners Fees 0.00 1,195.00 1,195.00 5,000.00 410.372 • Landscape Planner 131,096.00 125.00 125.00 2,000.00 Total 410.370 • Planners Fees 131,096.00 1,320.00 1,320.00 7,000.00 410.380 • Professional Consulting Fees 410.380 • Professional Consulting Fees 6,681.00 0.00 - 0.00 410.381 • Kaliedascope Info. Services 0.00 0.00 - 0.00 Total 410.380 • Prof. Consulting Fees 6,681.00 0.00 0.00 0.00 410.390 • Financial Planner 3,375.00 62,000.00 62,000.00 12,000.00 Total 410.300 • Professional Services 1,130,287.00 636,826.00 756,495.00 281,474.00 410.400 • Contracted Services 410.410 • DPS Expense 410.411 Trophy Club/ Westlake DPS 408,758.00 178,199.17 178,199.17 0.00 410,412 Shortfall 0.00 90,695.00 90,695.00 0.00 DPS 200112002 1st Utr. Payment 0.00 97,295.45 97,295.45 0.00 TC f WL DPS Buyout 0.00 100,250.77 100,250.77 0.00 410.413 • Keller Police Contract 0.00 108,094.00 108,094.00 654,900.00 Total 410.410 • DPS Expense 408,758.00 574,534.39 574,534.39 654,900.00 410.420 • Maintenance & Repairs 410.420 • Maintenance & Repairs 0.00 0.00 0.00 410.421 • Computer Repairs 1,080.00 3,200.00 4,500.00 4,000.00 410.422 • Copier Repairs & Maint. 1,440.00 1,800.00 1,800.00 3,050.00 410.423 • Road Repairs & Maint. 17,947.00 36,000.00 36,000.00 25,000.00 410.424 • Sign Repair& Maint. 564.00 -4,550.00 (4,550.00) 3,000.00 410.425 • ROW/Landscape Maintenance 0.00 35,000.00 27,500.00 30,000.00 Total 410.420 • Maintenance & Repairs 21,031.00 71,450.00 65,250.00 65,050.00 410.430 • Courier Service 4,217.00 1,838.00 1,838.00 2,000.00 410.450 • Codification 8,000.00 5,000.00 5,449.11 0.00 410.460 • Building Inspection 240,629.00 99,000.00 92,500.00 100,000.00 Total 410.400 • Contracted Services- Other 682,635.00 751,822.39 739,571.50 821,950.00 410.440 • Rent 410.441 • Office Rent 28,137.00 39,620.00 43,431.48 46,475.00 Total 410.440 • Rent 28,137.00 39,620.00 43,431.48 46,475.00 410.500 • Insurance 410.520 • Insurance - General 3,813.00 6,535.00 5,250.00 6,750.00 Total 410.500 • Insurance 3,813. GO 6,535.00 5,250.00 6,750.00 410.530 • Telephone 410.531 Telephone Expense 4,949.00 12,897.00 12,500.00 13,300.00 410.532 Mobile Phone 1,660.00 1,147.00 2,500.00 2,275.00 410.533 Internet Expense 1,198.00 2,209.71 1,050.00 2,500.00 410.534 • Phone System Lease (65%) 0.00 1,742,00 1,742.00 2,100.00 Total 410.530• Telephone 7,807.00 17,995.71 17,792.00 20,175.00 9/20/02 Expenses 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 & Subscription 410.604 • Postage 410.605 • Printing 410.606 • Books & Printed Materials 410.607 • Bank Charges 410.608 • Reimburseable Expenses 410.609 • Petty Cash Total 410.600 • Office Expense - General 410.700 • Utilities 410.701 Gas Utility 410.705 Storm Water Management Total 410.700 • Utilities 410.800 • EMS 410.801 Salaries 410.802 Personnel Insurance 410.803 • TMRS 410.804 • Payroll Taxes 410.805 • Fire Equipment & Supplies 410.806 • Supplies & Maint. 410.807 • Auto Allowance 410.808 • Contracted Service 410.809 - Mobile Phone 410.810 • Licenses & Registration 410.811 • Telephone 410.812 • Medical Supplies & Equipment 410.813 • Travel 1 Training 1 Publications 410.814 • Utilities 410.815 • Liability Insurance 410.816 • Pre-employment Testing Total 410.800 • EMS 410.900 • Municipal Court Expense 9120102 General Fund Budget 2002/2003 Approved Budget Projected Proposed Budget FYE 00101 01102 01102 02103 37.00 11.00 11.00 11.50 2,171.00 474.00 3,000.00 170.00 80.40 600.00 804.00 1,250.00 2,000.00 90.00 8.20 250.00 850.0D 1,000.00 1,100.00 470.00 522,62 550.00 2,723.00 1,200.00 6,000.00 7,278.00 5,000.00 4,535.22 13, 500, 00 9,614.00 7,500.00 16,000.00 10,000.00 2,141.00 6,500.00 1,050.00 3,300.00 5,891.00 5,509.11 6,000.00 5,700.00 1,139.00 2,900.00 2,900.00 3,500.00 1,353.00 1,307.00 1,350.00 1'500.00 95.00 593.00 550.00 600.00 229.00 12 0. C 0 140.00 125.00 1,465.00 0.00 - 0.00 60.00 -50.00 {50.60} 0.00 21, 987.00 24, 379.11 27, 940.00 24, 725.00 0.00 171.00 171.00 180.00 0.00 500.00 500.00 500.00 0.00 671.00 671,00 680.00 0.00 190,220.00 190,220.00 440,000.00 0.00 1,470.00 1,470.00 40,000.00 0.00 3,394.50 3,394.50 40,920.00 0.00 2,800.00 2,800.00 33,880.00 0.00 4,250.00 55,055.00 0.00 0.00 6,600.00 6,600.00 34,520.00 0.00 3,000.00 3,000.00 6,000.00 0.00 0.00 54,609.00 0.00 0.00 550.00 550.00 1,500.00 0.00 1,417.00 1,417.00 9,000.00 0.00 0.00 0.00 1,500.00 0.00 1,500.00 18,144.00 2,500.00 0.00 2,417.00 3,907.00 6,000.00 0.00 3,700.00 3,700.00 6,500.00 0.00 3,213.00 3,213.00 6,600.00 0.00 0.00 0.00 5,400.00 0.00 224, 531.50 348, 079.50 634, 320.00 117,500.00 700.000 • Capital Outlay General Fund 700.743 • Leasehold Improvements Budget 0.00 - 0.00 700.744 Purchase of MUD portion 2002/2003 40,469.81 Total 700.000 • Capital Outlay 0.00 0.00 40,469.81 0.00 Approved Budget Projected Proposed Budget Expenses FYE 00101 01/02 01102 02103 410.901 • Salaries 0.00 23,445.00 75,997.00 113,200.00 " 410.902 • Court Technology 0.00 6,150.00 8,500.00 6,475.00 410.903 - Court Supplies 0.00 0.00 6,300.00 4,150.00 410.904 • Insurance 0.00 0.00 8,800.00 13,810.00 410.905 • Court Security 0.00 1,500.00 3,500.00 2,645.00 410.906 • Payroll Taxes 0.00 0.00 3,000.00 6,140.00 410.907 • TMRS 0.00 0.00 4,000.00 10,140.00 410.908 • Misc. Court Expense 0.00 0.00 13,750.00 4,600.00 410.909 • Training / Seminars 0.00 0.00 200.00 1,720.00 410.910 • Paymentech Service 0.00 0.00 100.00 1,200.00 410.911 • Printing 0.00 0.00 - 4,900.00 410.912- Marshal's Vehicle 0.00 0.00 6,900.00 0.00 410.913 • Legal Services 0.00 0.00 - 14,400.00 410.914 • Marshal's Vehicle Maintenance 0.00 0.00 - 1,650.00 Total 410.900 • Municipal Court Expense 0.00 140,945.00 119,047.00 175,910.00 415.000 • Community Expense 415.100 • Community Services 16,474.00 6,008.00 7,250.00 10,000.00 415.200- Public Notice Expense 2,867.00 7,100.00 6,250.00 7,400.00 415.300 • Historical Preservation Board (10,000.00) 9,800.00 10,000.00 0.00 415.400 • Tree City USA Advisory Committee 364.00 -83.37 (83.37) C.Co 415.500 • Election Expense 0.00 994.78 994.78 1,500.00 415.600 • Meeting Expense 916.00 0.00 - 0.00 Total 415.000 - Community Expense 10,621.00 23,819.41 24,411.41 18,900.00 416.000 • Accounting & Consulting 900.00 0.00 - 0.00 419.000 • Misc Expense 1,223.00 1,235.54 1,235.54 1,300.00 420.000 • Contingency 0.00 50,000.00 - 50,000.00 700.000 • Capital Outlay 700.743 • Leasehold Improvements 0.00 0.00 - 0.00 700.744 Purchase of MUD portion 40,469.81 Total 700.000 • Capital Outlay 0.00 0.00 40,469.81 0.00 Total Expenses 1,950,207.00 2,078,961.84 2,301,813.94 2,225,430.50 Total Income 2,190,235.00 2,207,824.55 2,386,282.35 2,325,275.00 Net to General Fund 240,028.00 128,862.71 84,468.41 99,844.50 9120102 Town of Westlake Certificates of Obligation Series 2002 Revenues & Expenses Revenues Par Value 12,400,000.00 Total Revenues $ 12,400,000.00 Expense 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 08/22/2002 Loan Repayment Schedule Civic Campus Bonds Year End The Certificates 2M Principal 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 $12,4,= $ 14.824,464 $27.224.464 08122/2002 08122/2002 Town of Westlake Installment Sale Contract 2002 Revenues & Expenses Revenues Par Value 5,106,000.00 Total Revenues $ 5,106,000.00 Expense Capitalized Interest Fund 349,939.99 Placement Fee 101,120.00 Financial Advisor 35,000.00 Bond Counsel 25,000.00 Miscellaneous 2,965.86 Total Expenses $ 514,025.85 08122/2002 Date Principal Coupon Loan Repayment Schedule Town of Westlake Installment Sale Contract 2002 Net Deft Service Schedule Total Principal & Interest Interest CIF Net New DIS FISCAL TOTAL 08/15/2002 05101/2003 $ 208,778.67 $ 208,778.67 $ (208,778.67) 11/01/2003 _ 146,797.50 146,797.50 (146,797.50) 05/01/2004 146,797.50 146,797.50 $ 146,797.50 09/3012004 - - $ 146,797.50 11/01/2004 $ 70,000.00 5.75% 146,797.50 216,797.50 216,797.50 05101/2005 144,785.00 144,785.00 144,785.00 09130/2005 - - 361,582.50 11/01/2005 74,000.00 5.75% 144,785.00 218,785.00 218,785.00 05/01/2006 142,657.50 142,657.50 142,657.50 09/3012006 - - 361,442.50 11/01/2006 79,000.00 5.75% 142,657.50 221,657.50 221,657.50 05101/2007 140, 386.25 140, 386.25 140,386.25 09130/2007 - - 362,043.75 11/01/2007 84,000.00 5.75% 140,386.25 224,386.25 224,386.25 05/01/2008 137,971,25 137,971.25 137,971.25 09130/2008 - - 362,357.50 11/01/2008 89,000.00 5.75% 137,971.25 226,971.25 226,971.25 05/01/2009 135, 412.50 135, 412.50 135,412.50 09130/2009 - - 362,383.75 11/01/2009 94,000.00 5.75% 135,412.50 229,412.50 229,412.50 0510112010 132, 710.00 132,710.00 132,710.00 09/30/2010 - - 362,122.50 11/01/2010 99,000.00 5.75% 132,710.00 231,710.00 231,710.00 05/0112011 129,863.75 129,863.75 129,863.75 0913012011 - - 361,573.75 11/01/2011 105,000.00 5.75% 129,863.75 234,863.75 234,863.75 05/01/2012 126,845.00 126,845.00 126,845.00 09/3012012 - - 361,708.75 11/01/2012 111,000M 5.75% 126,845.00 237,845.00 237,845.00 05/01/2013 123,653.75 123,653.75 123,653.75 09/30/2013 - - 361,498.75 11/0112013 118,000.00 5.75% 123,653.75 241,653.75 241,653.75 05/01/2014 120,261.25 120,261.25 120,261.25 09/30/2014 - - 361,915.00 11/01/2014 125,000.00 5.75% 120,261.25 245,261.25 245,261.25 05101/2015 116,667.50 116,667.50 116,667.50 091301.2015 - - 361,928.75 11/01/2015 132,000.00 5.75% 116,667.50 248,667.50 248,667,50 05/01/2016 112,872.50 112,872.50 112,872.50 09/30/2016 - - 361,540.00 11/01/2016 140,000.00 5.75% 112,872.50 252,872.50 252,872.50 05/01/2017 108,847.50 108,847.50 108,847.50 0913012017 - - 361, 720.00 11/01/2017 148,000.00 5.75% 108,847.50 256,847.50 256,847.50 05/01/2018 104,592.50 104,592.50 104,592.50 09/30/2018 - - 361,440.00 11/01/2018 157,000.00 5.75% 104,592.50 261,592.50 261,592.50 05/01/2019 100,078.75 100,078.75 100,078.75 09/30/2019 - - 361,671.25 08/22/2002 Loan Repayment Schedule Town of Westlake Installment Sale Contract 2002 Net Debt Service Schedule Total Principal & Date Principal Coupon Interest Interest CIF Net New DIS FISCAL TOTAL 11/0112019 167,000.00 5.75% 100,078.75 267,078.75 267,078.75 05/01/2020 95,277,50 95,277.50 95,277,50 0913012020 - - 362,356.25 11/01/2020 176,000.00 5.75% 95,277.50 271,277.50 271,277.50 05/01/2021 90,217.50 90,217.50 90,217.50 09/30/2021 - - 361,495.00 11/0112021 187,000.00 5.75% 90,217.50 277,217.50 277,217.50 05/0112022 84,841.25 84,841.25 84,841.25 09/30/2022 - - 362,058.75 11/01/2022 198,000.00 5.75% 84,841.25 282,841.25 282,841.25 05/01/2023 79,148.75 79,148.75 79,148.75 09130/2023 - - 361,990.00 1110112023 210,000.00 5.75% 79,148.75 289,148.75 289,148.75 05101/2024 73,111.25 73,111.25 73,111.25 09/3012024 - - 362,260.00 11/01/2024 222,000.00 5.75% 73,111.25 295,111.25 295,111.25 05/0112025 66,728.75 66,728.75 66,728.75 0913012025 - - 361,840.00 11/01/2025 235,000.00 5.75% 66,728.75 301,728.75 301,728.75 05101/2026 59,972.50 59,972.50 59,972.50 09/3012026 - - 361,701.25 11101/2026 249,000.00 5.75% 59,972.50 308,972.50 308,972.50 05101/2027 52,813.75 52,813.75 52,813.75 09/30/2027 - - 361,786.25 11/01/2027 264,000.00 5.75% 52,813.75 316,813.75 316,813.75 05/01/2028 45,223.75 45,223.75 45,223.75 0913012028 - - 362,037.50 11/01/2028 279,000,00 5.75% 45,223.75 324,223.75 324,223.75 05/0112029 37,202.50 37,202.50 37,202,50 09130/2029 - - 361,426.25 11/01/2029 296,000.00 5.75% 37,202.50 333,202.50 333,202.50 05/0112030 28,692.50 28,692.50 28,692.50 09/3012030 - - 361,895.00 11101/2030 314,000.00 5.75% 28,692.50 342,692.50 342,692.50 05101/2031 19,665.00 19,665.00 19,665.00 09/3012031 - - 362,357.50 11/01/2031 332,000.00 5.75°lc 19,665.00 351,665.00 351,665.00 05/01/2032 10,120.00 10,120.00 10,120.00 09/3012032 - - 361,785.00 11/01/2032 352,000,00 5.75% 10,120.00 362,120.00 362,120.00 09/30/2033 - - 362,120.00 Total $ 5,106,000.00 - $ 5,890,411.17 $ 10,996,411.17 $ (355,576.17) $ 10,640,835.00 $ Utility Fund Program Summary FY 01102 FY 02103 Fiscal Year Summary FY 99100 FY 00101 Projected Proposed Revenue 51,648.00 250,007.00 942,447.00 1,051,517.32 Expenditures 640,220.00 315,441.00 996,300.05 1,047,120.31 Utility Fund FY 99100 FY 00101 FY 01102 Projected FY 02103 Proposed Beginning Balance - 12,626.00 90,392.85 36,539.80 Ending 1321ame 12,626.00 90,392.85 36,539.80 40,936.81 Transfers In 677,327.00 140,000.00 - - Transfers Out - 25,650.00 FY 01102 FY 02103 Utility Fund Transfer In FY 99100 FY 00101 Projected Proposed 4B Loans - 140,000.00 General Fund Total Transfers In 140,000.00 Utility Fund Transfer Out FY 01102 FY 02103 FY 99100 FY 00101 Projected Proposed 4B Loan Repayment - _ Westlake Network 5,000.00 - 377 Waterline 20,650.00 Total Transfers Out 25,650.00 9119102 FY 2002/2002 Goals Report Goals Status 2002/2003 1. Reimburse Hillwood for 16" waterline participation 2. Extend waterline from WL[Keller overhead storage tank to dove Road. 3. Encourage commercial water users to conserve water during peak hours. 4. Introduce new rate plan that more accurately reflects water expenses of the Town. 5. Pay scheduled reimbursements of Loans from 4A & 4B 2001/2002 1. Enter into new solid waste franchise agreement. Complete 2. Expand water and sewer lines to add new customers as capital becomes available. Ongoing 2000/2001 Services Complete implementation of water and sewer enterprise functions including establishing and contracting for maintenance, operation, and billing systems. Complete Strength 1. Collect water & sewer revenues of 3% surplus over operational costs. Complete $122102 9120102 Utilities Fund Budget 2002/2003 Approved Budget Projected Proposed Income FYE 00-01 01102 01102 02-03 335.000 Meter Inspection Fees 0.00 1,000.00 0.00 0.00 375.000 Impact Fees 375.100 • Ft. Worth Impact Fees 55,049.00 35,000.00 19,500.00 20,130.32 Total 375.000• Impact Fees 55,049.00 35,000.00 19,500.00 20,130.32 390.000 • duct Bank Leases 0.00 50,000.00 50,000.00 291,472.00 410.000 • Reconnect fees 410.100 . Water 0.00 0.00 60.00 100.00 Total 410.000 • Reconnect fees 0.00 0.00 60.00 100.00 420.000 • Wastewater Revenue 38,694,00 126,300.00 124,000.00 130,089.00 440.000 • Tap Fees 440.100 • Water Tap Fees 0.00 2,000.00 8,000-00 6,720.75 440.200 • Sewer Tap Fees 0.00 0.00 1,300.00 1,004.25 Total 440.000 • Tap Fees 0.00 2,000.00 9,300.00 7,725.00 460.000 • Water Revenue 460.100 • Water Revenue 156,264.00 513,200.00 484,000.00 600,250.00 460.200 • Water Charges 0.00 0.00 1,700.00 1,751.00 Total 460.000 • Water Revenue 156,264.00 513,200.00 485,700.00 602,001.00 Loan from 4B WL/Keller Overhead Storage Tank o.o0 118,887.00 118,887.00 0.00 Total Loan From 4B 0.00 118,887.00 118,887.00 0.00 General Fund Texpool Loan Keller Reimbursement 0.00 40,000.00 40,000.00 0.00 Annual Peak Payment 0.00 95,000.00 95,000.00 0.00 Total General Fund Texpool Loan 0.00 135,050.00 135,000.00 0.00 Total Income 250,007.00 981,387.00 942,447.00 1,051,517.32 Total Expenses 315,441.00 941,909.58 996,300.05 1,047,120.31 Net to Utility Fund -65,434.00 39,477.42 -53,853.05 4,397.01 9120102 Expenses 510.000 Bank service charge 551.000 Debt Service 551.100 • Line Extension 551.200 • Keller Reimbursement 551.300 • 46 Reimbursement 551.400 • TRA Wastewater Contract 551.500 • Hillwood Infrastructure Repayment Total 551.000 • Debt Service 565.000 • 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 • tnterest Expense 610.000 • Operations 610.100 • Office Supplies 610.200 - Office Equipment 620.000 • Payroll Expense 620.100 • Salaries 620.200 • Automobile Expense 620.300 • Payroll Expense Other 620.400 • Administrative Overhead 620.500 • TMRS 620.600 • Insurance 620.700 • Workers Comp 620.800 • Adm. Fee Total 620.000 - Payroll e=xpense 625.000 • Payroll Taxes 625.100 • FICA 625.300 • Medicare 625.400 • Unemployment Taxes Total 625.000 • Payroll Taxes 640.000• Professional Fees 640.100 • Engineering 640.200 • Boyle & Lowry 640.700 • Auditor Water Utility Engineer Total 640.000 • Professional Fees 650.000 . Rent -Office 9120102 Utility Fund Budget 2002/2003 Approved Budget Projected Proposed FYE 00-01 01102 01102 02-03 25.00 30.00 25.00 40.00 0.00 35,200.00 0.00 0.00 0.00 40,000.00 40,308.00 40,308.00 0.00 66,332.00 0.00 0.00 0.00 56,792.00 56,792.00 28,396.00 0.00 0.00 0.00 42,716.00 0.00 198,324.00 97,100.00 111,420.00 334.00 6,300.00 1,575.00 18,000.00 334.00 6,300,00 1,575.00 18, 000.00 0.00 11,675.89 11,675.89 3,403.60 0.00 4,433.88 4,433.88 2,216.94 0.00 16,109.77 16,109.77 5,620.54 0.00 51,000.00 49,600.00 46,800.00 0.00 0.00 24.64 40.00 0.00 0.00 750.00 900.00 7,373.00 8,950.00 11,127.95 16,286.00 80.00 100.00 0.00 0.00 317.00 300.00 0.00 0.00 13,440.00 13,440, 00 13,440.00 14,112.00 574.00 1,913.00 2,350.00 2,827.01 316.00 0.00 1,479.00 1,500.00 8.00 0.00 10,00 12.00 10.00 24.00 12.00 15.00 22,198.00 24,727.00 28,418.95 34,752.01 507.00 555.00 689.93 1,009.73 108.00 130.00 161.36 236.15 11.00 27.00 0.00 236.15 626.00 712.00 851.29 1,482.03 49,740.00 20,000.00 25,000.00 20,000.00 0.00 0.00 0.00 22,500.00 0.00 0.00 0.00 4,000.00 0.00 0.00 0.00 25,000.00 49, 740.00 20, 000.00 25, 000.00 71, 500.00 4,306.00 15,643.00 7,700.00 10,725.00 Expenses 670.000 Wastewater Treatment 680.000 Telephone 680.100 Telephone Expense 680.200 Internet Expense 680.300 Mobile Phone 680.400 Telephone Lease Total 680.000 - Telephone 705.000 • Utilities 705.100 • Gas and Electric Total 705.000 • Utilities 711.000 • Water Meter Reading/Billing 711.100 Meter Installation 711.200 Equipment Total 711.000 • Water Meter Reading/Billing 720.000 • Water Purchases 720.100 Water Purchases - Other 720.200 Annual Peak Payment To tat 720.000 • Wa ter Purchases 725.000 • Water Transport Fees Transfer to 4B Repayment of Short Term Loan Repayment of WL1Keller OH Storage Tank Loan Total Transfer to 4B Transfer to 4A Repayment of Duct Bank Loan Total Transfer to 4A 900.000 • Capital Outlay 900.600 • WLIKeller Overhead Storage Tank Total 900.000 • Capital Outlay Total Expenses Total Income Net to Utility Fund 9120102 Utility Fund Budget 200212003 0.00 0.00 0.00 95,000.00 0.00 0.00 0.00 95, 000.00 0.00 118,B87.05 118,887,00 119,668.32 0.00 Approved Budget Projected Proposed FYE 00-01 01/02 01102 02-03 68,666.00 102,901.76 101,470.41 105,988.81 766.00 1,176.00 1,600.00 1,800.00 154.00 285.00 160.00 200.00 250.00 514.00 333.00 275.00 0.00 0.00 268.00 321.60 1,170.00 1,975.00 2,361.00 2,596.60 0.00 16,000.00 15,340.77 19,200.00 0.00 16, 000.00 15, 340.77 19, 200.00 0.00 18, 900.00 14, 000.00 16,850.00 0.00 0,00 2,300.00 2,650.00 0.00 18, 900.00 16, 300.00 19, 500.00 168,456.00 175,400.00 337,786.22 150,000.00 0.00 175,000.00 175,000.00 95,000.00 168,456.00 350,400.00 512,786.22 245,000.00 0.00 0.00 2,000.00 0.00 0.00 0.00 0.00 20,000.00 0.00 0.00 0.00 118,887.00 0.00 0.00 0.00 138, 887.00 0.00 0.00 0.00 95,000.00 0.00 0.00 0.00 95, 000.00 0.00 118,B87.05 118,887,00 119,668.32 0.00 118, 887.05 118, 88 7.00 119, 668.32 315,441.00 941,909.58 996,300.05 1,047,120.31 250,007.00 981,387.00 942,447.00 1,051,517.32 -65,434.00 39,477.42 -53,853.05 4,397.01 Water Rate Comparison Proposed FY 2002/2003 budget Recommended vs Current Recommended Base Water Service Charges Residential & Commercial Meter Size Water 518" $25 314" $25 1" S25 1-112" S75 2" $150 3" $600 4" $2,000 6" $4,000 8" $5,000 Recommended Residential Water Volume Charge (rate her 1,000 gallons) Type of Service Water 0-2,000 gallons $0.00 2,001 - 10,000 gallons $2.75 L0,001 - 20,000 gallons $3.50 Over 20,000 gallons $4.50 Recommended Commercial ''Vater Volume Charge (rate per 1,000 gallons) Type of Service Water 0-2,000 gallons $2.50 2,001 - 10,000 gallons $2.75 10,001 - 20,000 gallons $3.50 20,001 - 40,000 gallons $4.00 40,001 - 400,000 gallons $4.50 Over 400,001 gallons $6.00 Recommended Deposits Meter Sized Water 518" S75 314" $75 1" 5100 1-1/2', 5250 2" $500 3" $1,000 4" $2„500 6" $3,500 8" $5,000 Current Base Water Service Charges Residential & Commercial Meter Size Water 518" S30 314" S50 1" $80 1-1/2" S160 2" S255 3" $560 4" 5960 6" 52,000 8" 52,880 Current Residential Nater Volume Charge (rate per 1,000 gallons) Type of Service Water 0-2,000 galions S0.00 2,001 - 10,000 gallons S2.63 10,001 - 20,000 gallons S2.63 Over 20,000 gallons S2.6 3 Current Commercial Nater Volume Charge (rate per 1,000 gallons) Type of Service Water 0-2,000 gallons 52.63 2,001 - 10,000 gallons 52.63 10,001 - 20,000 gallons S2.63 20,001 - 40,000 gallons S2.63 40,001 - 400,000 gallons 52.63 Over 400,001 gallons S2.63 Current Deposits Meter Sized Water 5/s" S60 '�4„ S90 1" S150 1-1/2" 5300 2" 5480 3" S1,050 4" $1,800 6" 53,750 8" 55,400 Westlake/Keller Overhead Storage Repayment Schedule of Debt Requirements Combination Tax and Revenue Certificates of Obligation, Series 2000 08/2212002 Total Town of Principal & Fiscal Year Westlake Date Principal Due Coupon Interest Due Interest Total Portion 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 9130/2015 285,000.00 102,013.75 387,013.75 387,013.75 124,014.69 2/15/2016 300,000.00 5.40%a 47,195.00 347,195.00 8/95/2016 - 5.40% 39,095.00 39,095.00 9/3012016 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 8/15/2017 - 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 2/1512018 340,000.00 5.60% 30,295.00 370,295.00 8/15/2018 - 5.60% 20,860.00 20,860.00 9/30/2018 340,000.00 51,155.00 391,155.00 391,155.00 125,341.71 2/15/2019 360,000.00 5.60% 20,860.00 380,860.00 811512019 - 5.60% 10,780.00 10,780.00 9/30/2019 360,000.00 31,640.00 391,640.00 391,640.00 125,497.12 2/15/2020 385,000.00 5.60% 10,780.00 395,780.00 8/15/2020 - 5.60% - - 9130/2020 385,000.00 10,780.00 395,780.00 395,780.00 125,823.74 Total $ 3,036,575.63 7 7,611,575.63 $ 7,611,575.63 $ 2,439,053.31 $ 4,575,000.00 08/2212002 Westlake/Keller Overhead Storage Repayment Schedule of Debt Requirements Combination Tax and Revenue Certificates of Obligation, Series 2000 08/22/2002 Total Town of Principal & Fiscal Year Westlake Date Principal Due Coupon Interest Due Interest Total Portion 2/15/2001 $ 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 2115/2002 130,000.00 5.65% 123,561.25 253,561.25 8115/2002 - 5.65% 119,888.75 119,888.75 9130/2002 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 9/30/2003 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 8115/2004 - 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 9/3012005 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 811512006 - 5.65% 102,797.50 102,797.50 9130/2006 165,000.00 210,256.25 375,256.25 375,256.25 120,247.11 2/15/2007 175,000.00 5.65% 102,797.50 277,797.50 811512007 - 5.65% 97,853.75 97,853.75 913012007 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 8115/2008 - 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 2/1512009 200,000.00 6.50% 91,841.25 291,841.25 8115/2009 - 6.50% 85,341.25 85,341.25 913012009 200,000.00 177,182.50 377,182.50 377,182.50 120,864.36 211512010 210,000.00 5.00% 85,341.25 295,341.25 8/15/2010 - 5.00% 8001.25 80,091.25 9130/2010 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 811512011 - 5.10% 74,466.25 74,466.25 9/301201/ 225,000.00 154,557.50 379,557.50 379,557.50 121,625.41 2/1512012 235,000.00 5.20% 74,466.25 309,466.25 8115/2012 - 5.20% 68,473.75 68,473.75 9130/2012 235,000.00 142,940.00 377,940.00 377,940.00 121,107.09 211512013 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 811512014 - 5.30% 54,818.75 54,818.75 9/3012014 270,000.00 116,792.50 386,792.50 386,792.50 123,943.79 08/22/2002 Duct Sank Repayment Utility Fund Repayment to 4A 8122102 Principal & Year Principal Interest Total 200212003 $ 95,000,00 $ 95,000.00 $ 95,000.00 2003/2004 95,000.00 95,000.00 95,000.00 2004/2005 95,000.00 95,000.00 95,000.00 2005/2006 95,000.00 95,000.00 95,000.00 260612007 95,000.00 95,000.00 95,000.00 200712008 95,000.00 95,000,00 95,000.00 2008/2009 95,000.00 95,000.00 95,000.00 2009/2010 95,000.00 95,000.00 95,000.00 2010/2011 95,000.00 95,000.00 95,000.00 2011/2012 95,000.00 95,000.00 95,000.00 2012/2013 95,000.00 95,000.00 95,000.00 201312014 95,000.00 95,000.00 95,000.00 2014/2015 95,000.00 95,000.00 95,000.00 2015/2016 95,000.00 95,000.00 95,000.00 201612017 95,000.00 95,000.00 95,000.00 2017/2018 95,000.00 95,000.00 95,000.00 2018/2019 95,000.00 95,000.00 95,000.00 2019/2020 95,000.00 95,000.00 95,000.00 202012021 95,000.00 95,000.00 95,000.00 2021/2022 95,000.00 95,000.00 95,000.00 Total $ 1,900,000.00 $ 1,900,000.00 $ 1,900,000.00 8122102 Westlake Visitor's Association Fund Program Summary Fiscal Year Summary FY 99100 FY 00101 FY 01102 Projected FY 02103 Proposed Revenue 121,293.00 438,801.00 339,547.07 332,000.00 Expenditures - 141,299.00 94,653.13 150,245.64 Westlake Visitor's Association Fund FY 99100 FY 00101 FY 01102 Projected FY 02/03 Proposed Beginning Balance - 121,293.00 571,385.00 534,449.94 Ending Balance 121,293.00 571,385.00 534,449.94 716,204,30 Transfers In 75,000.00 - - Transfers Out - 281,829.00 Westlake Visitor's Association Fund Transfer In FY 01102 FY 02103 FY 99100 FY 00101 Projected Proposed Capital Projects - - Westlake Network 25,000.00 - Westlake Brochure 50,000.00 - Total Transfers In 75,000.00 Westlake Visitor's Association Fund Transfer Out FY 01102 FY 02103 FY 99100 FY 00101 Projected Proposed Capital Projects - - Utility Fund Repayment - General Fund - Auditor's Corrections 281,829,00 Total Transfers Out 281,829.00 08/22/2002 Expenses Westlake Visitor's Association Budget 2001/2003 Approved Projected Proposed FYE 00-01 Budget 01102 01102 02-03 410.100. Payroll Expenses 410.101 • Salaries 410.102 • Insurance 410.103 • TMRS Total 410.100 • Payroll Expenses 410.120 • Auto Allowance 410.201 • Taxes 410.311 • Administration 410.411 • Coordinator 410.442 • Office Rent 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 410.543 Internet Expense 410.544 • Telephone Lease 410.540 • Telephone Expense - Other Total 490.540 • Telephone Expense Boyle & Lowry 427.00 • CVB 736.100 • Westlake Network 736.200• Westlake Brochure Mariott Marketing New Logo Total Expenses Total Income Net to Westlake Visitors Association 08/22/2002 16,048.00 16,851.00 20,318.86 18,100.00 0.00 0.00 7,200.00 7,550.00 890.00 1,246.00 2,150.00 1,683.30 16,93&00 18, 097.00 29, 668.86 27, 333.30 200.00 0.00 0.00 0.00 1,295.00 1,360.00 2,180.00 1,638.05 33,600.00 35,280.00 23,800.00 37,500.00 0.00 50,000.00 0.00 0.00 10,859.00 11,402.00 19,750.00 7,150.00 0.00 0.00 3,000.00 5,000.00 0.00 0.00 300.00 500.00 0.00 3,300.00 5,500,00 500.00 500.00 1,225.64 968.20 2,125.00 2,125.00 2,605.93 2,781.00 475.00 500.00 603.00 621.09 0.00 0.00 670.00 804.00 0.00 0.00 724.70 500.00 3,100.00 3,125.00 5,829.27 5,674.29 0.00 0.00 0.00 11,250.00 0.00 1,200.00 750.00 1,200.00 25,000.00 0.00 0.00 0.00 50,000.00 0.00 0.00 0.00 0.00 9,375.00 9,375.00 28,000.00 0.00 0.00 0.00 25,000.00 140,992.00 129,839.00 94,653.13 150,245.64 438,801.09 441,675.00 339,547.07 332,000.00 297,809.09 311,836.00 244,893.94 181,754.36 Westlake Visitor's Association Budget 2002/2003 Approved Projected Proposed Income FYE 00-01 Budget 01102 01102 02-03 315.000 Hotel Occupancy Tax 428,923.88 430,675.00 328,499.31 320,000.00 325.000 Interest Income 9,877.21 11,000.00 11,047.76 12,000.00 Total Income 438,801.09 441,675.00 339,547.07 332,000.00 Total Expenses 140,992.00 129,839.00 94,653.13 150,245.64 Net to Westlake Visitors Association 297,809.09 311,836.00 244,893.94 181,754.36 08/22/2002 4A Corporation Program Summary 4A Corporation FYE 99100 FYE 00101 FY 01102 Projected FY 02103 Proposed Income 679,770.00 483,714.00 300,000.00 375,000.00 Interest Income 98,377.45 98,619.00 22,500.00 25,000.00 Beginning Balance 1,302,792.00 2,081,030.00 1,114,890.00 1,108,431.18 Fnding Balance 2,081,030.00 1,114,890.00 1,108,431.18 941,920.18 Transfers in - - - 95,000.00 Transfers Out - 1,598,472.00 328,958.82 661,511.00 4A Corporation Transfer In FY 01102 FY 02103 FYE 99100 FYE 00101 Projected Proposed Capital Projects _ - General Fund _ Utility Fund Duct Bank Repayment 95,000.00 Total Transfers In 95,000.00 4A Corporation Transfer Out Budgeted for Capital Projects FYE 99/00 FYE 00101 FY 01102 Projected FY 02103 Proposed Capital Projects FM 19381114 Interchange Improvements 350,000.00 - - 57,366.82 292,633.00 FM 1938 Engineering - WL Portion 77,603.00 77,603.00 Telecommunications Conduit Ext. 65,000.00 Fidelity Tax Reimbursement 100,000.00 - - 105,000.00 Circle T Mall Development - - 49,307.00 70,275.00 Expanded Level Bridge Enhancements 42,500.00 Ottinger/Dove Rd Intersection rebuild 8,500.00 Academy/Administrative Facilities 50,000.00 50,000.00 General Fund _ F_ Duct Bank Infrastructure 1,900,000.00 1,548,472.00 1 222,285.00 Total Transfers Out 2,477,603.00 1,598,472.00 1 328,958.82 661,511.00 9119102 4B Corporation Income Balance dance In 4B Corporation Transfer_ In Capital Projects Utility Fund Utility Fund Repayment WL/Keller Overhead Storage Tank RE Loan Repayment - Westlake Academy General Fund Total Transfers In nt 48 Corporation Program Summary FYE 99100 FYE 00/01 FY 01102 Pra ected 021 03 679,770.00 483,714.00 3 0,00000 Proposed 37,000 00 119,16000 121, 520.00 36,000.00 50, 00.00 1,649,950.00 2,418,861.00 2,315,620.98 1,586,071.40 2,418,861.00 2,315,620.98 1,586,071.40 1,760,458.40 618,870 00 979,134.42 2,542,718.38 509,500.00 FYE 99/00 FYE 00/01 FY 01102 Projected FY 02/03 Proposed _140, 000. - 118,887. 1,477,168.80 - 1,477,168,80 258,8871 08/22/2002 All Fund Source Summary Capital Projects Funding Current Budget Total Allocated Amount Projected FY 01102 Proposed 02103 General Fund - 422,500 275,700 Utility Fund _ _ - Westlake Visitor's Association - - 4A 77,603 2,248,360 106,674 968,011 413 552,936 434,049 552,936 509,500 Certificates of Obligation 11,500,000 - 11,500,000 - Private 615,593 651,000 225,000 Installment Sale - - 5,106,000 Grants - - - 209,000 Totals From Funding Sources 12,746,132 3,333,409 17,913,110 1,962,211 Capital project # Capital Projects Funding Current Budget Total Allocated Amount Projected FY 01102 Proposed 02103 738 AcademylAdministratsve Facilities Certificates of Obligation Installment Sale General Fund Private 11,500,000 - 11,500,000 5,146,000 62,500 4A Loan 50,000 - 4B Loan Subtotal 11,500,000 - 50,000 16,688,500 741 Westlake Interchange Improvements 4A Grant 350,000 57,367 1 292,633 48 Grant 200,000 200,000 200,000 Subtotal 200,0fl0 550,000 257,367 292,633 739 Dove Road Overlay Private - 85,000 85,000 742 413 Grant General Fund Subtotal FM 1938 234,049 - 234,049 1 234,049 - 319,049 234,049 30,000 349,049 Private 4A Grant 615,593 77,603 566,000 77,603 140,000 - 77,603 Subtotal 693,196 643,603 140,000 77,603 730 Duct Bank Infrastructure 4A Loan 1,770,757 Subtotal 1,770,757 900.7 WL / Keller Overhead Storage Tank Utility Fund - - 4B Loan 118,887 118,887 Subtotal 118,887 - 118,887 754 Fire & EMS Grants - - 209,000 General Fund 310,000 275,700 Subtotal - 310,000 484,700 900.6 Elevated Storage Tank Connection 4B 390,000 Utility Fund Subtotal 390,000 752 Circle T Mail Development 4p, 49,307 70,275 Subtotal - 49,307 70,275 755 Telecommunications Conduit Extension 4A - 65,000 Enterprise Fund - Subtotal - - 65,000 759 Fidelity Tax Reimbursement 4A Subtotal - 105,000 105,000 757 Park & Open Space Planning 4B Grant Subtotal - - 19,500 19,50fl 8122102 Capital project # Capital Projects Funding Total Allocated Projected FY Proposed Current Budget Amount 01102 02103 753 Master Thoroughfare Update - Retail Dev. 4B 80,000 756 Subtotal 80,000 Permanent DPS Facility 4B 20,000 Subtotal - 20,000 760 Ottiinger/Dove Rd Intersection Rebuild 4A 315,000 Subtotal - - - 315,000 761 Expanded Level Bridge Enhancements 4A - 42,500 Subtotal - 42,500 Total Funding For Capital Projects 12,746,132 3,333,409 17,913,110 1,962,211 8122102 General Fund Capital Project FY 200212003 Duct Bank Infrastructure Capital Project # 730 Project Description System whereby the Town manages right-of-way by constructing a telecom duct bank system which is owned and operated by the Town and leased to telecom providers. Phase II of the Duct Bank will extend west of Dove Road and will be built as growth demands it. Project Schedule Begin En Design Sep -00 Nov -00 Construction Nov -00 Ongoing F Impact on Operating Budget Budget FY Planned FY 03/04 FY 04105 FY 05106 FY 05107 Project Expense LTD 9130102 02103 Design/Architecture 222,285 10,000 10,000 Construction 1,548,472 5,000 5,000 4A Repayment 95,000 95,000 95,000 95,000 95,000 TOTAL. $ 1,770,757 $ 95,000 $ 95,000 $ 95,000 $ 95,000 $ 95,000 Funding Source 10,000 10,000 Certificates of Obligations Private General Fund 35,000 - 35,000 Total Expense Total Revenues Enterprise Fund TOTAL Westlake Visitor's Association $ - $ (35,000) $ $ $ (35,000) Net to Fund Balance Grants Utility Fund - - - Total Interfund Loans 4A 1,770,757 4B Total 1,770,757 - I - TOTAL $1 $ (95,000) $ (95,000} $ (95,000) $ (95,000) $ (95,000) Impact on Operating Budget 08/22/2002 Budget FY Planned FY 03104 FY 04/05 FY 05106 Total Projected Annual Operating Budget LTD 9/30/022 02/03 Personnel Expenses 10,000 10,000 Supplies 5,000 5,000 Maintenance 10,000 10,000 Services - Debt Service 10,000 10,000 Capital Outlay - 35,000 - 35,000 Total Expense Total Revenues TOTAL $ $ - $ (35,000) $ $ $ (35,000) Net to Fund Balance 08/22/2002 General Fund Capital Project FY 2002/2003 Westlake Academy l Application l Kaleidoscope Capital Project S 738 Proiect Description 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 Jul -03 Fiscal Impact Impact on Operating .,Budget LTD Budget FY Planned FY 03104 FY 04/05 FY 05106 FY 06107 Project Expense 9130102 02103 DesignlArchitecture 82,500 Construction Grants Debt Service 927,600 742,080 742,080 952,080 953,430 Installment Sale TOTAL $ 82,500 $ 927,600 $ 742,080 $ 742,080 $ 952,080 $ 953,430 Funding Source 16,656,000 15,728,400 14,986,320 14,244,240 13,292,160 Prior Year's Remaining Funds Certificates of Obligations 11,500,000 TOTAL Installment Sale 5,106,000 $ $ $ $ Net to Fund Balance Private General Fund 82,500 Enterprise Fund Westlake Visitor's Association Grants Utility Fund Total 16,688,500 16,656,000 15,728,400 14,986,320 14,244,240 13,292,160 Inteffund Loans 4A 50,000 4B Total 50,000 TOTAL $ 16,656,000 $ 15,728,400 $ 14,986,320 $ 14,244,240 $ 13,292,160 $ 12,338,730 Impact on Operating .,Budget 08/22/2002 Budget FY Planned Projected Annual Operating Budget LTD 9/301022 02103 FY 03104 FY 04105 FY 05106 Total Personnel Expenses Supplies Maintenance Services Debt Service Capital Outlay Total Expense Total Revenues TOTAL $ $ $ $ $ $ Net to Fund Balance 08/22/2002 General Fund Capital Project FY 2002/2003 FM/938/114 Interchange Improvements Capital Project # 741 ,P'oiect Descri Description 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 chedule Begin End Design Construction Fiscal Impact Oct -00 Dec -01 Feb -01 Ongoing Impact on Operating Budget LTD Budget FY Planned FY 03104 FY 04105 FY 05106 FY 06/07 Project Expense 9130102 02103 Design 5,000 5,000 Construction 257,367 292,633 - Contingencies TOTAL $ 257,367 $ 292,633 $ $ - $ $ Funding source Prior Year's Remaining Funds Certificates of Obligations - Private 5,000 Total Expense Total Revenues General Fund TOTAL Enterprise Fund $ (5,000) $ $ $ $ (5,000) Net to Fund Balance Westlake Visitor's Association Grants Utility Fund Total Interfund Loans 4A 57,367 292,633 46 200,000 Total 257,367 292,633 TOTAL $ Is - $ $ 1 $ $ Impact on Operating Budget 08/2212002 LTD Budget FY Planned FY 03104 FY 04105 FY 05106 Total Projected Annual Operating Budget 9/30/022 02/03 Administrative Expense 5,000 5,000 Town Attorney - Civil Engineer Auditor Debt Service Capital Outlay - 5,000 5,000 Total Expense Total Revenues TOTAL $ $ (5,000) $ $ $ $ (5,000) Net to Fund Balance 08/2212002 General Fund Capital Project FY 200212003 FM 1938 Capital Project # 742 Proiect Desgription 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 a in End Design Construction Fiscal IMpact Sep -00 Feb -02 May -03 Sep -04 Impact -go Operating Budget Budget FY Planned FY 03104 FY 04105 FY 05106 FY 06107 Project Expense LTD 9130102 02103 Design 140,000 4,000 4,000 Construction Contingencies 77,603 TOTAL $ 140,000 $ 77,603 $ - $ $ - $ Funding Source (Restricted) 406,580 406,580 546,380 672,980 672,980 Prior Year's Remaining Funds Certificates of Obligations - Private - 139,800 126,600 Total Expense Total Revenues General Fund TOTAL Other Cities (Keller, Southlake) 546,580 $ -I $ Is 1 $ (4,000) Net to Fund Balance Enterprise Fund Westlake Visitor's Association Grants Utility Fund 546,580 406,580 546,380 672,980 672,980 672,980 Total Interfund Loans 4A 77,603 4B 77,603 - Total TOTAL $ 406,580 $ 406,580 1 $ 546,3801$ 672,980 1 $ 672,980 1 $ 672,980 Impact -go Operating Budget 08/22/2002 budget FY Planned FY 03104 FY 04105 FY 05106 Total Projected Annual Operating Budget LTD 91301022 02103 Administrative Expense 4,000 4,000 Town Attorney Civil Engineer Audtior Debt Service Capital Outlay - 4,000 - 4,000 Total Expense Total Revenues TOTAL is 1 $ (4,000) $ -I $ Is 1 $ (4,000) Net to Fund Balance 08/22/2002 General Fund Capital Project FY 2002/2003 Circle T Mall Development Capital Project # 752 Project Description The Development of a Mall on the northern part of the Circle T Ranch Project Schedule Design Construction Begin End Oct -03 Oct -04 Impact on Operating Budget LTD Budget FY Planned FY 03104 FY 04105 FY 05106 FY 06107 Project Expense 9130102 02103 Design/Architecture 49,307 20,000 20,000 Construction 30,000 30,000 Grants 98,275 18,275 Contingencies 2,000 2,000 TOTAL $ 49,307 Funding Source Prior Year's Remaining Funds Certificates of Obligations 70,275 _ 70,275 Total Revenues Private TOTAL General Fund $ (70,275) Is $ $ (70,275) Net to Fund Balance Enterprise Fund Westlake Visitor's Association Grants Utility Fund Total - Inlerfund Loans 4A 49,307 70,275 4B Total 49,307 70,275 TOTAL $ - $ 70,275 Impact on Operating Budget 08/22/2002 LTD Budget FY Planned FY 03104 FY 04105 FY 05106 Total Projected Annual Operating Budget 9/30/022 02103 Administrative Expense 20,000 20,000 Town Attorney 30,000 30,000 Civil Engineer 98,275 18,275 Auditor 2,000 2,000 Debt Service Capital Outlay Total Expense 70,275 _ 70,275 Total Revenues TOTAL $ - $ (70,275) Is $ $ (70,275) Net to Fund Balance 08/22/2002 General Fund Capital Project FY 2002/2003 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. This will allow the Town to shape growth in a way that coincides with the vision of Westlake. ,Project Schedule B" End Design Oct -03 Sept -04 Construction Fiscal Impact Impact on Operating Budget LTD Budget FY Planned FY 03104 FY 04/05 FY 05106 FY 06107 Project Expense 9130102 02103 DesignlArchitecture 20,000 20,000 Construction 22,500 22,500 Grants 2,500 2,500 Contingencies 35,000 35,000 TOTAL $ $ - $ $ - $ - Funding Source Prior Year's Remaining Funds Certificates of Obligations - 80,000 Total Expense Total Revenues Private TOTAL General Fund $ (80,000) $ $ $ - $ (80,000) Net to Fund Balance Enterprise Fund Westlake visitor's Association Grants Utility Fund - Total Interfund Grant 4A 4B 80,000 Total 80,000 TOTAL $ - $ 80,000 $ $ $ $ Impact on Operating Budget 08/22/2002 LTD Budget FY Planned Projected Annual Operating Budget 9/301022 02103 FY 03104 FY 04105 FTotal Administrative Expense 20,000 20,000 Review 22,500 22,500 Finance I Audit 2,500 2,500 Attorney 35,000 35,000 Debt Service - Capital Outlay 80,000 - 80,000 Total Expense Total Revenues TOTAL $ $ (80,000) $ $ $ - $ (80,000) Net to Fund Balance 08/22/2002 General Fund Capital Project FY 200212003 Westlake Fire & Rescue Capital Project # 754 Prglect Descript112n The startup cost for the Town's Fire Department and EMS personnel. This includes an ambulance, fire truck, brush truck and various other essentials for the departments. Also included is the temporary residence for the fire department personnel. Project Schedule Benin. End Design May -02 Jun -02 Construction May -02 Aug -02 08/22/2002 Budget FY Planned FY 03104 FY 04105 FY 05106 FY 06107 Project Expense LTD 9/30/02 02103 Startup 159,000 Radio Equipment 17,525 5,000 EMS Equipment 39,500 2,500 Protective Equipment 8,000 10,000 Ambulance 145,000 Fire Truck 209,000 Grant Contingency 23,200 Total Expense Brush Truck 80,000 Temporary Facilities Cost 86,000 10,000 $ $ $ $ TOTAL $ 310,025 $ 404,700 $ 80,000 $ $ $ Funding Source Certificates of Obligations Private General Fund Texpool $10,000 275,700 Enterprise Fund Westlake Visitor's Association Grants 209,000 Utility Fund 310,000 484,700 Total Interfund Loans 4A Q - - Total TOTAL $ (25) $ 80,000 $ (60,000) $ i $ $ 08/22/2002 Budget FY Planned FY 03104 FY 04/05 FY 05106 Total Projected Annual Operating Budget LTD 9/3G/022 02103 Personnel Expenses Supplies Maintenance Services Debt Service Capital Outlay Total Expense Total Revenues TOTAL $ $ $ $ $ $ Net to Fund Balance 08/22/2002 General Fund Capital Project FY 200212003 Telecommunications Conduit Extension Capital Project # 755 Pr9ject Description Extending the Telecommunications Conduit (Duct Bank) for increased development from FM 1938 and Dove East to Glenwyck Farms. Grounding of manholes for existing Duct Bank. Project Schedule gestinEnd Design Construction Impact on Operating Budget Budget FY Planned FY 03104 I FY 04105 FY 05106 FY 06107 Project Expense LTD 9130102 02103 Design/Architecture 25,000 25,000 Construction 15,000 15,000 Grants 20,000 20,000 4A Repayment 5,000 5,000 TOTAL $ $ - $ $ $ $ - Funding Source - Prior Yea's Remaining Fund Certificates of Obligations 65,000 Total Expense Total Revenues Private TOTAL General Fund $ (65,000) $ $ $ $ (65,000) Net to Fund Balance Enterprise Fund $ 130,000 $ - $ - $ - $ 65,000 Westlake Visitor's Association Grants Utility Fund Total Interfund Loans 4A 65,000 4B - 55,000 Total TOTAL $ $ 65,000 $ - $ $ $ - Impact on Operating Budget 08/2212002 Budget FY Planned FY 03104 FY 04105 FY 05106 Total Projected Annual Operating Budget LTD 9/30/022 02103 Administrative Expenses 25,000 25,000 Town Attorney 15,000 15,000 Civil Engineer 20,000 20,000 Auditor 5,000 5,000 Debt Service - Capital Outlay - - 65,000 65,000 Total Expense Total Revenues TOTAL $ $ (65,000) $ $ $ $ (65,000) Net to Fund Balance $ - $ 130,000 $ - $ - $ - $ 65,000 08/2212002 General Fund Capital Project FY 200212003 Permanent DPS Facilitiy Capital Project # 756 project Desc[iiljgn To better serve residents and businesses in Westlake, the OPS will need a permenant structure to be housed in. This project includes all phases of building these facilities. Project Schedule Begin End Design Construction Fiscal Impact Oct -03 Dec -03 Dec -03 Oct -04 Impact ra ' Budge LTD Budget FY Planned FY 03104 FY 04105 FY 05106 FY 06107 Project Expense 9130102 02103 Design 15,000 15,000 Construction 3,200,000 - Grants - Contingencies 5,000 5,000 TOTAL $ $ - $ 3,200,000 $ $ $ Funding Source Prior Year's Remaining Funds Certificates of Obligations 20,000 Total Expense Total Revenues Private TOTAL General Fund $ (20,000) $ $ $ - $ (20,000) Net to Fund Balance Enterprise Fund Westlake Visitor's Association Grants Utility Fund - Total Interfund Loans 4A 4B 20,000 20,000 - - - Total TOTAL $ $ 20,000 $ (3,200,000) $ $ 1 $ Impact ra ' Budge 08/22/2002 LTD Budget FY Planned FY 03104 FY 04105 FY 05106 Total Projected Annual operating Budget 9130!022 02103 Administrative Expenses 15,000 15,000 Town Attorney - Civil Engineer - Auditor 5,000 5,000 Debt Service - Capital Outlay 20,000 20,000 Total Expense Total Revenues TOTAL $ $ (20,000) $ $ $ - $ (20,000) Net to Fund Balance 08/22/2002 General Fund Capital Project FY 2002/2003 Park & Open Space Planning Capital Project # 757 Projogt Doscriptloi 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. Pe�2�t $chedule Begin_ En Design Oct -03 Sept -04 Construction isc i I a Imoac# on ODeratin 13 d_ge# LTi] Budget FY Planned Projected Annual Operating Budget 9/301022 02103 FY 03/04 FY 04105 FY 05106 Total Administrative Expenses 18,000 18,000 Town Attorney Civil Engineer 1,500 Auditor 1,500 Debt Service Capital Outlay 19,500 Total Expense 19,500 Total Revenues TOTAL $ $ (19,500) $ $ Net to Fund Balance 08122/2002 LTD Budget FY Planned FY 03104 FY 04105 FY 05106 FY 06/07 Project Expense 9130102 02103 Design Construction Grants Contingencies TOTAL $ $ $ $ $ $ Funding Source Prior Year's Remaining Funds Certificates of Obligations Private General Fund Enterprise Fund Westlake Visitor's Association Grants Utility Fund Total lnterfund Grant 4A 4B 19,500 19,500 Total TOTAL is $ 19,500 $ - $ $ Imoac# on ODeratin 13 d_ge# LTi] Budget FY Planned Projected Annual Operating Budget 9/301022 02103 FY 03/04 FY 04105 FY 05106 Total Administrative Expenses 18,000 18,000 Town Attorney Civil Engineer 1,500 Auditor 1,500 Debt Service Capital Outlay 19,500 Total Expense 19,500 Total Revenues TOTAL $ $ (19,500) $ $ Net to Fund Balance 08122/2002 General Fund Capital Project FY 2002/2003 Fidelity Tax Reimbursement Capital Project # 759 Project Description The Town agreed in the Developer's Agreement, to a sales tax reimbursement for Fidelity generated sales tax. Payment win End 03104 03104 Irnoacton Operating Budget LTD Budget FY Planned FY 03104 FY 04/05 FY 05106 FY 06107 Project Expense 9130102 02/03 Payment 105,000 100,000 100,000 100,000 100,000 TOTAL $ - $ 105,000 $ 100,000 $ 100,000 $ 100,000 $ 100,000 Funding Source - Prior Year's Remaining Funds Certificates of Obligations 5,000 5,000 Debt Service Private - Capital Outlay General Fund Enterprise Fund 5,000 Total Expense Total Revenues Westlake Visitor's Association TOTAL Grants $ (5,000) $ - $ - $ - $ (5,000) Net to Fund Balance Utility Fund - - - - - Total Interfund Loans 4A 105,000 100,000 100,000 100,000 100,000 4B Total 105,000 100,000 100,000 100,000 100,000 TOTAL Is $ -1$ $ $ $ Irnoacton Operating Budget 08/22/2002 LTD Budget FY Planned FY 03104 FY 04105 FY 05106 Total Projected Annual Operating Budget 9/30/022 02103 Administrative Expense Town Attorney - Civil Engineer - Auditor 5,000 5,000 Debt Service - Capital Outlay 5,000 5,000 Total Expense Total Revenues TOTAL $ - $ (5,000) $ - $ - $ - $ (5,000) Net to Fund Balance 08/22/2002 DRAFT General Fund Capital Project FY 2002/2003 Ottinger/Dove Road Intersection Rebuild Capital Project # 760 Proiect Description Reconfiguratin of Dave & Ottinger Intersection. Project Schedule Construction Fiscal Impact Begin End Oct -02 Oct -02 Impact on Operating Budget LTD Budget FY Planned FY 03104 FY 04105 FY 05106 FY 06107 Project Expense 9130102 02103 Design 9,500 Engineering 3,000 Construction 4,000 TOTAL $ $ 8,500 $ $ S $ Funding Source - Certificates of Obligations Private General Fund - Total Expense Total Revenues Enterprise Fund TOTAL Westlake Visitor's Association $ $ $ S S Net to Fund Balance Grants Utility Fund - Total Interfund Loans 4A 8,500 4B Total 8,500 TOTAL $ $ 8,500 $ $ S $ Impact on Operating Budget 9119102 LTD Budget FY Planned FY 03104 FY 04105 FY 05106 Total Projected Annual Operating Budget 9/30/022 02103 Personnel Expenses Supplies Maintenance Services Debt Service - Capital Outlay - Total Expense Total Revenues TOTAL $ $ $ $ S S Net to Fund Balance 9119102 General Fund Capital Project FY 2002/2003 Bridge Enhancements Expanded Capital Project # 761 Project Description Additional paint/stain to retaining walls of Hwy 114 bridges. Proiect Schedule Construction Fiscal Impact B�je[ inn End Nov -02 Jan -03 Impact on Operating Budget LTD Budget FY Planned FY 03104 FY 04105 FY 05106 FY 06107 Project Expense 9130102 02103 Design 7,500 - Engineering Construction 35,000 TOTAL $ $ 42,500 $ $ $ $ Funding Source - Certificates of Obligations Private General Fund - Total Expense Total Revenues Enterprise Fund TOTAL Westlake Visitor's Association $ $ - $ $ $ Net to Fund Balance Grants Utility Fund - - - - Total Interfund Loans 4A 42,500 4B Total - 42,500 - TOTAL $ - $ $ - $ - 1 $ - $ - Impact on Operating Budget $122/02 LTD Budget FY Planned FY 03104 FY 04105 FY 05106 Total Projected Annual Operating Budget 9/30/022 02103 Personnel Expenses - Supplies Maintenance Services Debt Service - Capital Outlay - - Total Expense Total Revenues TOTAL $ - $ $ - $ $ $ Net to Fund Balance $122/02 Utility Fund Capital Project FY 2002/2003 WIJKeller Overhead Storage Tank Capital Project # 900.6 Pro' De ri n 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. Proiect Schedute Design Construction Fiscal Impact Benin End Jan -01 May -01 Jun -01 Jun -02 Impact on Operating Budget Budget FY Planned FY 03104 FY 04105 FY 05106 FY 06107 Project Expense LTD 9130102 02103 Design Engineering Contingencies 118,887 119,668 119,668 120,000 120,000 120,000 TOTAL $ 118,887 $ 119,668 $ 119,668 $ 120,000 1 $ 120,000 $ 120,000 Funding Source Certificates of Obligations Private General Fund - Total Expense Total Revenues Utility Fund 119,668 119,668 120,000 120,000 120,000 Westlake Visitor's Association $ $ - $ $ $ Net to Fund Balance Grants - 119,668 119,668 120,000 120,000 120,000 Total Interfund Loans 4A 4B 118,887 Total 118,887 - TOTAL $ $ $ $ $ $ Impact on Operating Budget 08/22/2002 Budget FY Planned FY 03104 FY 04105 FY 05106 Total Projected Annual Operating Budget LTD 9/30/022 02103 Personnel Expenses Supplies Maintenance Services Debt Service Capitai Outlay - Total Expense Total Revenues TOTAL $ $ $ - $ $ $ Net to Fund Balance 08/22/2002 Capital Project FY 2002/2003 KellerlWestlake Overhead Storage Connection to Dove Rd. Water Line Capital Project # 900.7 Project Description - Proposed This project will connect the completed Keller/Westlake elevated storage facility to the Dove Rd. water line thus adding supply and relieving the west pump station from peak demand requirements and reducing the likelihood of peak charges imposed by the City of Fort Worth via the uniform water contract. This project is budgeted to come from 4B economic development funds. The amount of funding can be reduced by as much as 60% if the Town is successful in negotiating an infrastructure participation agreement with Hillwood in conjunction with the Circle T Mall. Project Schedule Design Construction Fiscal impact Begin End Nov -02 Jan -03 Jan -03 Mar -03 Impact on Operating Budget Budget FY Planned Project Expense LTD 9130102 02103 FY 03104 FY 04!05 FY 05106 FY 06107 DesigrIEngineering 40,000 Construction 310,000 Contingencies 25,000 TOTAL $ $ 375,000 $ $ $ $ Funding Source Certificates of Obligations Private Total Expense General Fund 15,000 15,450 15,900 16,350 62,700 Total Revenues Enterprise Fund TOTAL Westlake Visitor's Association $ (15,000) $ (15,450) $ (15,900) $ (16,350) $ (62,700) Net to Fund Balance Grants $ $ (15,450) $ (15,900) $ (16,350) $ (62,700) Utility Fund Total Interfund Loans 4A 4B 390,000 Total 390,000 TOTAL $ $ 15,000 $ $ $ $ Impact on Operating Budget 8122102 Budget FY Planned Projected Annual Operating Budget LTD 9/30/022 02103 FY 03104 FY 04105 FY 05106 Total Personnel Expenses Supplies Maintenance Services (water maint_ Contract) 15,000 15,450 15,900 16,350 62,700 Debt Service Capital Outlay Total Expense 15,000 15,450 15,900 16,350 62,700 Total Revenues TOTAL $ $ (15,000) $ (15,450) $ (15,900) $ (16,350) $ (62,700) Net to Fund Balance $ $ $ (15,450) $ (15,900) $ (16,350) $ (62,700) 8122102