Page 75 - Ord 866 Adopting a revised Fiscal Year 17-18 and new proposed Fiscal Year 18-19 budget

Section 2 Financial Analysis
Budget 101 Overview

2. INTERNAL SERVICE FUNDS
Account for services and/ or commodities furnished by a designated program to other
programs within the Town. Funds include the following:

The General Maintenance & Replacement Fund (GMR) is an account used to offset the
future costs of repair and/ or replacement of large capital assets due to age and use.
Contributions from the Town’ s General Fund are transferred on an annual basis;
resulting in a cash balance which mitigates the cash flow impact of large
maintenance and capital replacement costs.

The Utility Maintenance & Replacement Fund (UMR) is an account used to offset the
future costs of repair and/ or replacement of large capital assets due to age and use.
Contributions from the Town’ s Utility Fund are transferred on an annual basis; resulting
in a cash balance which mitigates the cash flow impact of large maintenance and
capital replacement costs.

The Vehicle Maintenance & Replacement Fund (VMR) was created to provide a
mechanism for the long-term repair and replacement of Town vehicles.

MAJOR FUND TYPES

MAJOR FUNDS PERCENT
Major funds represent the significant activities of the
Town and basically include any fund whose revenues or General Fund 42%
expenditures, excluding other financing sources and Capital Project Fund 32%
uses, constitute more than 10% of the revenues or Internal Service Funds 9%
expenditures of the appropriated budget.
TOTAL 83%

DEPARTMENT TYPE AND STRUCTURE

Dept 10 - General Services is comprised of costs in the budget that may not be specifically
identifiable to any operational budget. The activity is administered by the Finance
Department and funds various charges that are not defined or directly related to any specific
department or activity of the Town. Examples of cost include, electricity, insurance,
professional services, contingencies, etc. These types of expenditures affect all budgets and
are generally not prorated.

Dept 11 - The Administration Department
coordinates and manages all facets of the
Town’ s operations. Town Manager, reporting to
the Town Council, serves as the chief executive
officer for all Town operations including serving
as Superintendent for Westlake Academy. His
duties include implementation of the goals and
objectives established by the Town Council, preparation and
submission of an annual municipal budget for Board review and adoption, as well
as the implementation and oversight of the adopted budget throughout its effective fiscal
year. The Town Manager guides, coordinates, and facilitates recommendations to the

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