Page 382 - City of Westlake FY20 Budget

UNFUNDED (UNDER DISCUSSION) CAPITAL IMPROVEMENT

15-30 Acre Community Park

Project Description:
This project would include the purchase of 15 to 30 acres of open space
with the ability to add amenities such as small covered pavilions, trail
heads, playground stations, sports fields, general use open spaces, dog
park, restroom, football field, running track, cross country trail, outdoor
tennis and basketball courts, baseball and softball fields. The project
would include restrooms, concession area with outdoor eating area and
parking. This facility would provide programs and activities to the
Westlake community and Westlake Academy.

PROJECT EXPENSE

Actuals Thru Estimated Adopted - - - - - - - - - - - - - - - - - - Projection- - - - - - - - - - - - - - - - - - Project
EXPENDITURE TYPE FY 17/18 FY 18/19 FY 19/20 FY 20/21 FY 21/22 FY 22/23 FY 23/24 Total
Engineering - - - - 655,805 67,473 - 723,278
Construction - - - - 3,476,610 - 3,476,610
Design - - - - 65,508 67,473 - 132,981
Contingency - - - - 58,300 48,760 - 107,060
Land Purchase (390K for 10
Acres) - - - - 4,367,200 - 4,367,200
EXPENDITURES TOTAL - - - - 8,623,423 183,706 - 8,807,129

PROJECT FUNDING

Actuals Thru Estimated Adopted - - - - - - - - - - - - - - - - - - Projection- - - - - - - - - - - - - - - - - - Project
FUNDING TYPE FY 17/18 FY 18/19 FY 19/20 FY 20/21 FY 21/22 FY 22/23 FY 23/24 Total
Cash (Fund Balance) - - - - - - - -
Contributions/Grants - - - - - - - -
Bond Issuance - - - - - - - -
Unfunded - - - - 8,623,423 183,706 - 8,807,129
Other - - - - - - - -
FUNDING TOTAL - - - - 8,623,423 183,706 - 8,807,129

IMPACT ON OPERATING BUDGET

Actuals Thru Estimated Adopted - - - - - - - - - - - - - - - - - - Projection- - - - - - - - - - - - - - - - - - Project
IMPACT TYPE FY 17/18 FY 18/19 FY 19/20 FY 20/21 FY 21/22 FY 22/23 FY 23/24 Total
Supplies - - - 2,975 3,065 -
Services - - - 17,851 18,387 -
Insurance - - - - - -
Repair & Maintenance - - - 2,975 3,065 -
Rent & Utilities - - - 9,521 9,807 -
Debt Service - - - - - - 528,600 -
OPERATING IMPACT - - - - - 33,323 562,923 -
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