Page 334 - City of Westlake FY20 Budget

Section 9 Capital Project Funds
Capital Project Fund Overview

FY18/19 FY19/20
Estimated Proposed Change
Account Formatted Account Description Budget Budget Amount
410-72000-17-000-000065 Maintenance & Storage Facility $ 5,000 $ 95,000 $ 90,000
410-73000-17-000-000077 WA-Pond Repairs 82,000 - (82,000)
Facility Projects 87,000 95,000 8,000

410-73000-19-000-000076 Cemetery Improvements 56,918 - -
410-74400-19-000-000042 Trail Connection at 114/Solana - 193,860 193,860
410-74400-19-000-000053 Trail - Dove/Pearson/Aspen - 313,217 313,217
410-74400-19-000-000067 Wayfinding Signage - 300,000 300,000
Parks/Recreation Projects 56,918 807,077 807,077

410-74400-20-000-000081 Fiber Connectivity 25,000 275,000 250,000
IT Dept Projects 25,000 275,000 250,000

TOTAL ALL PROJECTS $ 526,098 $ 2,385,749 $ 1,859,651

Fund Balance
• Excess revenues over(under) expenditures are projected to be ($1,445,884)
• The projected beginning fund balance is $2,524,287.
• The ending fund balance is projected to be $1,078,403.

Impact of Capital on Operating Budget
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.

Examples of specific information are as follows:
• If a workforce increase is needed - how much money would be added to the budget for salaries and
employee benefits. And what about a workforce decrease is needed once the project is finished?
• How much will property and casualty insurance rise or fall because of this project?
• What is the estimate of the impact in utility costs once the construction is completed?
• Must a piece of equipment be purchased or needed once the construction is completed?

The purpose of the chart below is to show the impact to the operating budget if the capital expenditures
were undertaken. Some major costs associated with capital improvement projects always involve personnel,
insurance and utilities.

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