Page 20 - PowerPoint Presentation

INTERNAL SERVICE FUNDS

Internal Service Funds are comprised of the following: Utility Maintenance and Replacement Fund,
General Maintenance and Replacement Fund, Utility Vehicle Maintenance and Replacement Fund, and
the General Vehicle Maintenance and Replacement Fund. These funds allow the Town to plan for
major replacement and repair as the Town’s assets age.

REVENUES
Budgeted to be $2.98M; an increase of $2.3M from prior year revised. This includes transfers-ins
from the Utility Fund (483K) and the General Fund ($2.5M).

EXPENDITURES
Budgeted to be $2.0M; a 179% increase of $1.3M from the prior year revised. These expenditures
consist of the following:

 Fire Dept Equipment ($78,287) – Extrication Equipment, LifePak, and Training Manikin
 Fire Dept Motor Vehicle ($145,000) – Command Suburban and ATV
 Maintenance and repairs for pump station equipment, sewer easement cleaning machine, water
main repair and maintenance, lift station repair, duct bank repair, and sewer line repair
($514,000).
 General maintenance and replacement include street surface treatments ($275K), Westlake
Academy facility maintenance costs ($600K), trail and parks repair ($45K), information
technology ($110K), and facility maintenance at the town hall building ($123K).
 Mule Truck ($18,000)

FUND BALANCE
The combined ending fund balance is projected to be $2.8M.

 Utility Vehicle Maintenance and Replacement 505 is projected to be $14K
 Utility Maintenance and Replacement 510 is projected to be $90K
 General Maintenance and Replacement 600 is projected to be $702K
 General Vehicle Maintenance and Replacement 605 is projected to be $2M

SPECIAL REVENUE FUNDS

Special Revenue Funds are comprised of the following: The Visitor Association Fund, the 4B Economic
Development Fund, Economic Development Fund, Local Public Improvement District, Public Arts Fund,
and the Lone Star Public Fund.

REVENUES
Budgeted to be $2.46M; a 29% increase of $552K from prior year revised. This increase is a result of a
projected gradual economic recovery from the pandemic’s impact on general sales tax and hotel tax.

18