Page 241 - City of Westlake FY20 Budget

Section 5 Internal Service Funds
Utility Maintenance & Replacement Overview

The Utility Maintenance & Replacement Fund (UMR) was created to provide a mechanism for repair
and replacement of existing capital assets such as pump stations, lift stations, elevated and ground
storage facilities, water and sewer lines, etc.

This fund receives planned revenue transfers from the Utility Fund that are intended to cover the cost
of future capital repair and replacement. Similar to the General Maintenance and Replacement Fund,
the UMR was created to help avoid future bond programs and encourage a conservative pattern of
spending that minimizes reliance on elastic revenue streams.

Projects are included each year from a long-range maintenance schedule which incorporates routine
scheduled maintenance, recommended replacement guidelines and evaluations, and upgrades of lines
and permanent capital assets.

Revenues and Other Sources
• Revenues and other sources are budgeted at $36,895.
• This represents a 0% change from the prior year estimated.
o Investment earnings are budgeted to remain flat at $31,895
o Transfers in from the Utility Fund are budgeted to remain flat at $5,000

Expenditures and Other Uses
• Expenditures and other uses are budgeted at $182,000.
• This represents a 34% decrease of $94,200 from the prior year estimated.
• One project was scheduled for FY18/19; repainting the ground storage tank at $276,200
o The following projects were pushed out from FY18/19 to FY19/20.
 Pump Station Equipment $90,000
 Lift Station Pump Repairs $25,000
 Sewer Easement Cleaning Machine $67,000

Fund Balance
• Excess revenues over(under) expenditures are projected to the ($145,105)
• The beginning fund balance is projected to be $538,885
• The ending fund balance is projected to be $393,780

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