Page 357 - FY 24 Budget Forecast at Adoption.xlsx

WATER IMPACT FEE FUND

FUND DESCRIPTION:
This fund is used to account for resources received from water impact fees which are determined by the type and size of new
development. Expenditures are restricted for water system improvements based upon new development impact and are
transferred to the Water and Wastewater CIP fund. The fund revenues and expenditures are not considered operating funds and
shown for informational purposes only. In the City's Annual Comprehensive Financial Report (ACFR), the fund is included in the
Water and Wastewater fund totals.

REVENUE SUMMARY

FY 2023-24
FY 2021-22 FY 2022-23 FY 2022-23 Adopted Budget
REVENUES: Actual Budget YE Proj. Budget Variance ($)
Water Impact Fees $ 192,393 $ – $ 321,617 $ – $ –
I/G Rev - Town of Westlake – – – – –
Interest Earnings 7,346 – 26,804 – –
TOTAL $ 199,740 $ – $ 348,422 $ – $ –

EXPENDITURE SUMMARY

FY 2023-24
FY 2021-22 FY 2022-23 FY 2022-23 Adopted Budget
EXPENDITURES BY DIVISION: Actual Budget YE Proj. Budget Variance ($)
Water Improvements $ – $ – $ – $ – $ –

TOTAL $ – $ – $ – $ – $ –

355