Page 20 - City of Westlake FY20 Budget

Section 01 Executive
Transmittal Letter

Expenditures realized a net decrease of $43K from the adopted budget of $38M as follows:

• Capital Project Funds increased $330K: During FY 18-19, several capital projects were delayed to
future years.

• Transfers-out Increased $681K: The General Fund transfers out to Maintenance and
Replacement Funds increased due to one-time building permit revenues in the planning and
development department.

• Service Expenditures Decreased $318K: Expenditures associated with the Planning and
Development department increased $221K for services related to building inspections,
engineering, and plan review. Contract services for facilities maintenance increased $17K and
services related to the local Public Improvement District (PID) administrative fees and
assessment of the PID increased $62K. Property insurance increased $19K for the new Fire-EMS
station that was completed in FY 18-19.

• Maintenance & Replacement Projects Increased $261K: Internal Service Funds comprise the
total increase of $261K. Utility Maintenance and Replacement Fund increased the budget $186K
for repainting the ground storage water tank and also decreased the budget ($45K) for the
sewer easement cleaning machine. General Maintenance and Replacement Fund added a
$125K budget item to purchase a 71-passenger bus for Westlake Academy.

• Payroll and Related Increased $69K: Two employees retired in FY18-19 and the corresponding
payout of accrued time was calculated and included. A moving allowance was provided for the
relocation of our Deputy Town Manager and insurance decreased due to a reduction in medical
insurance premiums.

• Supply Expenditures Increased $19K: Public Art Fund increased the budget for honorarium
expenditures and the Communications department increased the budget $2K to purchase
computer equipment and software.

• Academic Expenditures and Other Uses increased $79K: Payroll accruals for August were
approximately $65K; Assigned Technology fund balance to use towards new iPad lease.

We anticipate ending FY 18-19 with more revenues than expenditures. While the fiscal year close-out is
occurring, preliminary indications show that revenues exceed expenditures by $1.2M.

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