Page 333 - City of Westlake FY20 Budget

Section 9 Capital Project Funds
Capital Project Fund Overview

Fund 410 The Capital Project Fund tracks major equipment, land, and infrastructure projects of $25,000 or
more financed with General Fund operating transfers, intergovernmental revenue, bond proceeds and
Special Revenue Fund transfers. Project completion or procurement may extend across two or more fiscal
years and reflect multiple expenditure categories such as engineering, design and construction. Completed
capital projects often have a continuing fiscal impact on the Town’s operating funds due to routine
maintenance, repair, and daily operating costs. When an ongoing operating impact has been identified, it is
included on the project description sheet, and costs are projected for the next three years. Upon approval of
the project, the ongoing fiscal impact is integrated into the operating budget.

A detailed listing of projects, with prior year funding, future funding requirements and a project description is
included in the Capital Improvements section of this document. Note that individual project information
sheets are also provided. These sheets indicate when the project has multiple sources of funding and the
associated operating costs.

Revenues and Other Sources
• Revenues and other sources are budgeted to be $939,865.
• This represents a 12% decrease of $133,640 from prior year estimated.
o Investment earnings remained flat at $48,505
o Transfers in from General Fund decreased $133,640 for one-time planning and development
building permit fees and revenues.

Operating Expenditures
• There are no operating expenditures budget for FY19/20.

Non-Operating Expenditures
• Capital Projects are budgeted to be $2,385,749
• This represents a 353% increase of $1,859,651 from prior year estimated.
• The following is a list of budgeted projects for FY 19/20.

FY18/19 FY19/20
Estimated Proposed Change
Account Formatted Account Description Budget Budget Amount
410-73000-16-000-000034 Roanoke Road R&D South $ 3,625 $ 540,000 $ 536,375
410-73000-16-000-000060 Pearson Lane R&D 22,305 290,016 267,711
410-73000-16-000-000082 SH114 Service Road Const 48,000 96,000 48,000
410-74400-16-000-000020 FM1938 Town Improvements 112,300 - (112,300)
410-73000-16-000-000040 Sam School Road R&D 3,215 - (3,215)
410-74400-16-000-000068 Dove Rd/FM1938 Signalization 159,360 - (159,360)
410-74400-16-000-000070 Solana/FM1938 Signal 8,375 - (8,375)
410-73000-16-000-000075 Flashing Crosswalk Lights - 53,850 53,850
410-73000-16-000-000078 Solana Pavement Repair - 90,000 90,000
410-73000-16-000-000079 Wyck Hill Pavement Resurface - 58,806 58,806
410-73000-16-000-000080 FM1938 Pavement Repairs - 80,000 80,000
Street Projects $ 357,180 $ 1,208,672 $ 851,492

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