HomeMy WebLinkAboutRes 97-48 Adopting Proposed Budget for Fiscal Year 1997-1998TOWN OF WESTLAKE
RESOLUTION 97-48
A RESOLUTION OF THE BOARD OF ALDERMEN OF THE TOWN OF
WESTLAKE, TEXAS, ADOPTING AN OPERATING BUDGET FOR FISCAL
YEAR 1997-98; AND DECLARING AN EFFECTIVE DATE.
WHEREAS, an Operating Budget for Fiscal Year 1997-98 for the Town of
Westlake has been prepared for consideration by the Board of Aldermen of Westlake,
Texas; and
WHEREAS, the Town of Westlake has caused such Operating budget for Fiscal
Year 1997-98 to be distributed to the citizens of Westlake and the public, and
WHEREAS, the Town of Westlake held a public hearing to receive input from
the public concerning the Operating Budget for Fiscal Year 1997-98; and
WHEREAS, the Board of Aldermen desires to adopt an Operating Budget for
Fiscal Year 1997-98;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF
THE TOWN OF WESTLAKE, TEXAS:
SECTION 1: That the Operating Budget attached hereto as Exhibit "1" and
incorporated herein is hereby adopted as the Operating Budget for the Town of Westlake,
Texas for Fiscal Year 1997-98 to become effective on October 1, 1997. The Board of
Aldermen may amend the Operating Budget for Fiscal Year 1997-98 from time to time as
required by the financial situation of the Town.
SECTION 2: That this resolution shall become effective from and after its date of
passage.
PASSED AND APPROVED ON THIS 29TH DAY OF SEPTEMBER, 1997.
ATTEST:
Scott Brad ey, Mayor Lf
Crin9erl'1Crosswy, Town SecrOqy
APPROVED AS TO FORM:
Paul C. Is am, own Attorney
PROPOSED BUDGET GENERAL FUND
FOR THE YEAR ENDED SEPTEMBER 30, 1995
Texas Student
Lone Star
Developmental
Developmental
Capital
Housing
Public
Hospital
Operating
Corp.A
Corp. B
Projf-cts
Corporation
Facilities
Authority
Budget
Budget
Budget
Budget
Budget
Budget
Budget
General Fund
Year Ended
Year Ended
Year Ended
Year Ended
Year Ended
Year Ended
9/30/98
9/30/98
9130198
9130198
9130198
9130198
9130198
REVENUES
Taxes
_
Sales
$ 400,000
200,000
200,000
Mixed Beverage
10;000
Franchise
120,000
Student Housing Corporation
Project Revenues
64,000
Interest Income
2,000
Interest income
73,000
Impact fee revenues
10,000
Building permits and fees
60,000
Ordinance Violation Fines and penalties
5,000
Other miscellaneous income
300
Sales of printed material
500
TOTAL REVENUES
678,800
200,000
200,000
66,000
0
0
OPERATING EXPENDITURES
Accounting Fees
27,000
Bldg. inspection
30,000
Community Services
7,000
Dues and Subscriptions
1,200
Election Exp.
750
Engineer Fees
41,652
Fire and emergency Services Protection
5,400
Insurance
3,000
Legal Fees & Exp.
496,860
Misc. Expense
1,000
Office Expense
4,500
Office Rent
9,816
Meeting Expense
7,800
Payroll: Gross Wages
22,020
Payroll Taxes
1,680
Planners Fees & Impact Fee Study
43,800
Police and Municipal Court Expense
34,000
Postage
1,920
Professional/Consulting Fees
18,000
Public Notices
2,000
Repairs & Maint
3,125
Telephone
2,400
Training, Seminars & Meetings
-
Student Housing Authority - Operating Exp.
6 000
Student Housing Authority - Scholarships Granted
60,000
Capital Outlay
Sewer Oversizing & Pump System
406,900
Regional Water Line
200,000
Road Repairs
20,000
Road Reconstruction
200,000
TOTAL EXPENSE
784,923
200,000
606,900
0
66,000
0
0
REVENUES IN EXCESS OF/(LESS THAN)
OPERATING EXP. BEFORE TRANSFERS
$ (106,123)
0
(406,900)
0
0
0
0
Transfers In
Transfers Out (Capital Project)
-
-
'EVENUES IN EXCESS OF1(LESS THAN)
OPERATING EXPENSES
$ (106,123)
0
(406,900)
-
Cash Balances at Sept. 30,1997- (Anticipated)
$ 1,422,131
339,876
650,735
10,000
10,000
-
Debt Obligations - October 1, 1997
Note: The Texas Student Housing Corporation (TSHC) column includes net project revenues and expenditures available
to the TSHC
and does not include the operating budget applicable to the TSHC dormitory operations managed by independent
management
companies under budgets approved by the TSHC Board of Directors.