Page 10 - TownofWestlakeFY25BudgetOrd1005

GENERAL FUND REVENUES
Other Revenue
13%
Permits & Fees
10%

Sales Tax
Property Tax
60%
17%

EXPENDITURES
Budgeted to be $15M in all expenditures and other uses. This reflects a 16% increase of $2.0M from the prior year
revised, with the majority of this increase for a fire engine replacement.

The largest expenditure in the proposed General Fund budget is allocated to payroll and related benefits. This
amount is budgeted to be $6.3M and comprises 42% of General Fund total expenditures and other uses. This
includes a 2% increase in payroll for municipal employees and market adjustments.

The second largest expenditure is operations and maintenance. This amount is budgeted at $5.0M, comprising
34% of General Fund total expenditures and other uses. This reflects a 6% increase of $280K when compared to
prior year revised. The operations and maintenance costs consist of the dollars necessary to provide our public
services.

The third type of expenditure is transfers out. This amount is budgeted at $3.6M. This is a $1.3M increase of prior year
and consists of a transfer out to the General Maintenance and Replacement Fund, Vehicle Maintenance and
Replacement Fund, and the direct subsidy to Westlake Academy to fill their operational budget gap.

GENERAL FUND EXPENDITURES

Transfers Out
24%

Personnel
42%

Operations
34%

FUND BALANCE
The ending Fund Balance for the General Fund is projected to be $23.7M. The Town’ s daily operating cost is calculated
at $41,098, based on the adopted expenditures total for FY25. The Town’s adopted fund balance policy requires 180
days of reserves, or $7.4M, leaving $16.3M unassigned and available.

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