Page 98 - City of Westlake FY20 Budget

Section 3 Financial Analysis
Fund Overview All Funds

The following is a high-level overview of the budgeted revenues, other sources, expenditures and other

uses. Please refer to individual funds for detailed explanations of the following changes.

REVENUES AND OTHER SOURCES
Revenues and other sources are budgeted to be $34,203,975.
This represents a 18% decrease of $7,460,534 from prior year estimated.

Municipal
• General Sales Tax decreased $550,000
• Property Tax increased $268,351

• Charge for Services increased $748,762 Revenues and Other Sources
• Hotel Occupancy Tax decreased $230
• Franchise Fees decreased $514,171
• Permits & Fees Other decreased $53,750
Academic
• Permits & Fees Buildings decreased $2,748,170 29%
• Permits & Fees Utility increased $26,600
Municipal
• Fines & Forfeitures decreased $685 71%
• Contributions decreased $1,127,234
• Misc Income decreased $91,235

• Transfers In decreased $2,113,361
• Other Sources decreased $2,100,000

Academic
• Revenues increased $794,620

OPERATING EXPENDITURES
Operating expenditures are budgeted to be $18,387,596.
This represents a 3% increase of $448,328 from the prior year estimated.

• Payroll and Related is budgeted at $6,169,060
• This reflects a 9% increase of $490,367 from the prior year estimated
o Wages increased $311,559
o Transfers Out decreased $71,140
o Transfers In increased $71,140
o Insurances increased $147,234
o Taxes increased $36,111
o Retirement decreased $4,536

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