Page 126 - City of Westlake FY20 Budget

Section 2 Financial Analysis

Forecast Assumptions

• Transfers Out to conduit funds
o Transfer Out to Debt Service Fund 300 is used to cover sales tax shortage from 4B funds that are
used for debt payments in fund 300.
o Transfer Out to Maintenance/Replacements Funds 505-600-605 are utilized to build the fund
balance.
o Transfer Out to Capital Projects Fund 410 – based on General Fund one-time planning and
development building permit fees.

UTILITY FUND
• Revenues and Other Sources average increase annually is 2%
• Expenditures and Other Uses average annual increase 1% - 2%

VISITORS ASSOCIATION FUND

• Revenues and Other Sources increase annually by 1%
o Hotel/Motel Tax
▪ Entrada hotel added in FY 21-22
▪ Front 44 hotel added in FY 22-23
• Expenditures and Other increase annually by 1%

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