Page 124 - City of Westlake FY20 Budget

Section 2 Financial Analysis

Forecast Assumptions

INTERNAL SERVICE FUNDS

• Internal Service Funds are comprised of four funds
o 505 Utility Vehicle Maintenance and Replacement
o 510 Utility Maintenance and Replacement
o 600 General Maintenance and Replacement
o 605 General Vehicle Maintenance and Replacement
• Adopted revenues and other sources $528K; a decrease of $1.89M
• Adopted expenditures and other uses $932K; a decrease of $408K
• The ending fund balance is projected to be $2.11M; a decrease of $403K

SPECIAL REVENUE FUNDS (MUNICIPAL)
• Special Revenue Funds are comprised of six funds
o 220 Visitor Association Fund
o 200 4B Economic Development Fund
o 210 Economic Development Fund
o 215 Local Public Improvement District
o 225 Public Arts Fund
o 418 Lone Star Public Fund
• Adopted revenues and other sources $2.96M; a decrease of $405K
• Adopted expenditures and other uses $3.08M; a decrease of $456K
• The ending fund balance is projected to be $879K; a decrease of $119K

DEBT SERVICE FUNDS

• Debt Service Funds are comprised of two funds
o Fund 300 – Revenue Supported Debt
o Fund 301 – Property Tax Supported Debt
• Adopted revenues and other sources $2.65M; a decrease of $50K
• Adopted expenditures and other uses $2.69M; a decrease of $4K
• The ending fund balance is projected to be $0; a decrease of $43K

CAPITAL PROJECT FUND
• Capital Project Funds are comprised of three funds
o 410 Capital Project Fund
o 412 Academic Expansion Fund (Westlake Academy)
o 405 Municipal Expansion Fund (Fire Station)
• Adopted revenues and other sources $1.37M; a decrease of $1.01M
• Adopted expenditures and other uses $2.38M; a decrease of $624K
• The ending fund balance is projected to be $5.60M; an increase of $1.04M

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