Page 285 - City of Westlake FY20 Budget

Section 6 Special Revenue Funds

Public Arts Fund Overview

The Town of Westlake, through its Texas Public Arts Competition Advisory Committee, is
accepting qualifications from artists for a Public Art installation in the Solana median, east
of the Solana and Granada/Cortes intersection in Westlake Texas.

This is the first in a series of such pieces planned for the Town and will, therefore, set an
artistic standard for future works. The site is part of a larger tract shared with Westlake’s new
Fire Station Complex, now under construction.

Revenues and Transfers In
• There are no budgeted revenues for FY19/20
• This reflects a 100% decrease of $15,000 when compared to prior year estimated.
o Contributions decreased $15,000 due to one-time honorarium receipts
received in the prior year.

Expenditures and Transfers Out
• There are no budgeted expenditures for FY19/20
• This reflects a 100% decrease of $15,000 when compared to prior year estimated.
o Supplies decreased $15,000 due to one-time honorarium costs in the prior
year.

Fund Balance
• The ending fund balance is projected to be $30,000.

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