Page 197 - Ord 866 Adopting a revised Fiscal Year 17-18 and new proposed Fiscal Year 18-19 budget

Section 4 Enterprise Funds
Utility Fund Overview

The Utility Fund is responsible for water, wastewater, and ductbank services. All activities related to
the provision of these services are accounted for in the fund, including administration, operations,
maintenance, financing and related debt service, billing, and collection.

Capital and operating costs associated with Town utility services are financed primarily through user
charges. The Town continues to use advanced automated technologies to control storage facility
inflows and minimize annual peak payment charges from the City of Fort Worth.

Revenues and Other Sources
Total revenues and other sources are budgeted to be $7,522,501
This represents a 53% increase of $2,606,326 from prior year estimated revenues.
o Other Sources increased $ 2,600,000, from the prior year due to anticipated one-time bond
proceeds from the Texas Water Development Board to be used for the For Worth Waterline
project.
o Charges for utility permits fees increased $ 6,326 due to one-time planning and
development building permit fees and revenues.
o The following revenues will remain flat for FY 18/ 19.
Charges for Service $ 4,570,925
Investment earnings $ 55,300
Miscellaneous income of $21,385

Utility Fund revenue is primarily comprised of fees for water and wastewater services. The fund also
receives a small portion of its revenue through tap fees and interest income, and currently serves as a
mechanism for collecting and distributing debt service and impact fees.

Water Revenue $3,302,156
The Utility Fund is the recipient of all revenue generated from water sales in the Town. As
Westlake’ s customer base continues to expand, additional demands will be placed on the utility
system, requiring incremental expansion and maintenance of infrastructure.

Wastewater Revenue $1,138,824
Wastewater revenue is the second largest component of the Utility Fund. Revenue is expected to
grow proportionate to future non-irrigation water demands.

Ductbank Permit Fees $274,441
The ductbank is a series of Town owned conduit that houses underground telecommunication
infrastructure in portions of Westlake. Revenues are contingent upon utility companies leasing out
portions of the ductbank. The Town continues to anticipate growth in new ductbank leases with
telecommunications companies.

Tap and Impact Fees $117,816
93,135 These revenues are a direct reflection of new home starts.

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