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
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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