Page 123 - City of Westlake FY20 Budget

Section 2 Financial Analysis

Forecast Assumptions

o The following changes are proposed for FY19/20
▪ Market band adjustments of $212K
▪ Performance Pay of $54K
▪ Adding car and phone allowances
▪ The Marshal’s department will transition four part-time marshals into one full
time employee. (+1)
▪ The Fire Department will transition three part-time fire fighters to one full time
employee each. +(1.5) The increase in costs are partially offset by the reduction
of the current part-time wages for the fire fighter positions.
▪ Employee Insurance reflects a 23% increase of $147K. Due to anticipated plan
changes; anticipated changes to existing employee coverage; additional
insurance if Fy19/20 adopted positions are approved.

OPERATIONS & MAINTENANCE EXPENDITURES

• Adopted budget is $4.80M; a 2% increase of $81K
o This section includes capital outlay, debt payments, leases/rentals, public notices, rent,
utilities, repair/maintenance costs, service/supply expenditures, travel and training.
o Transfers Out to the Debt Service fund decreased $279K
o Services increased $150K
o Repair & Maintenance increased $13K
o Capital Outlay increased $64K

NON-OPERATING EXPENDITURES

• Adopted budget is $1.354M; a 57% decrease of $1.812M
o To Fund 410 Capital Projects; decreased $133K
o To Fund 600 General M&R; decreased $1.23M
o To Fund 505 Vehicle M&R; increased $5K
o To Fund 605 Vehicle M&R; decreased $449K

ENDING FUND BALANCE
• The ending fund balance is projected to be $12.1M
o This amount represents a 0.26% decrease of $31K from prior year estimated fund balance.
o The unassigned balance of $11.8M represents coverage for 435 operating days.

ENTERPRISE FUNDS

• Enterprise Funds are comprised of two funds
o 255 Cemetery Fund
o 410 Utility Fund
• Adopted revenues and other sources $5.67M; a decrease of $618K
• Adopted expenditures and other uses $4.89M; an increase of $245K
• The ending fund balance is projected to be $2.88M; an increase of $772K

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