Page 198 - Ord 866 Adopting a revised Fiscal Year 17-18 and new proposed Fiscal Year 18-19 budget

Section 4 Enterprise Funds
Utility Fund Overview

Waste Management $ 6,129
The Town receives a 12% fee from its franchisee. The current rate for solid waste and recycling
service remains unchanged since 2008.

The Utility Fund budget is designed to fully recover all system costs as well as provide for capital
improvements and maintenance of Westlake’ s water and wastewater infrastructure.

Water and wastewater rates are based on a rate study conducted in November 2016 and
approved by the Town Council at the January 2017 Town Council meeting.

Staff is committed to maintaining an up to date utility rate analysis to maintain the integrity of
the fund. To that end town staff will update the rate study completed in November 2016 which
will help guide future rate policy.

Operating Expenditures
Total operating expenditures are budgeted to be $6,234,650
This represents a 18% decrease of $939,955 from prior year estimated expenditures.
o Debt decreased $ 843,585 when compared to prior year estimate.
The FY17/ 18 debt includes $ 888K for the Fort Worth water line.
This is the second year that this payment will be made.
o Payroll transfers out to the General Fund increased $ 76,324;
due to additional public works project manager that will be added in fiscal year
2017/ 2018.
o Rent and utilities increased $ 20,045
due to the leasing of new building space in July 2017.

Non-Operating Expenditures
Total non-operating expenditures are budgeted to be $112,594.
This represents an 13% increase of $13,289 from prior year estimated.
o Capital outlay will remain flat at $31,055
o Transfers out increased $ 13,289 due to one-time impact fees that will be transferred to the
General fund.

Fund Balance
Excess revenues over( under) expenditures are projected to be $1,175,257
The beginning fund balance is projected to be $197,156.
The ending fund balance is projected to be $1,372,413.

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