Page 385 - FY 19 Budget Forecast 91218.xlsx

WATER IMPACT FEE FUND

FUND DESCRIPTION:
This fund is used to account for resources received from water impact fees which are determined by the type and size
of new development. Expenditures are restricted for water system improvements based upon new development
impact and are transferred to the Water and Wastewater CIP fund. The fund revenues and expenditures are not
considered operating funds and shown for informational purposes only. In the City's Comprehensive Annual Financial
Report (CAFR), the fund is included in the Water and Wastewater fund totals.

REVENUE SUMMARY

FY 2018-19
FY 2016-17 FY 2017-18 FY 2017-18 Proposed Budget
REVENUES: Actual Budget YE Proj. Budget Variance ($)

Water Impact Fees $ 289,814 $ – $ 162,600 $ – $ –
I/G Rev - Town of Westlake – – 120,538 – –
Interest Earnings 27,779 – – – –

TOTAL $ 317,593 $ – $ 283,137 $ – $ –

EXPENDITURE SUMMARY

FY 2018-19
FY 2016-17 FY 2017-18 FY 2017-18 Proposed Budget
EXPENDITURES BY DIVISION: Actual Budget YE Proj. Budget Variance ($)

Water Improvements $ 3,099,485 $ – $ 100,000 $ – $ –
TOTAL $ 3,099,485 $ – $ 100,000 $ – $ –

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