Page 36 - TownofWestlakeFY25BudgetOrd1005

ALL FUNDS OVERVIEW

All funds are the total resources budgeted by the Town of Westlake. This includes major revenues and
expenditures, as well as other financing sources and uses.

HIGHLIGHTS

REVENUES
Budgeted at $33,180,307. This is a 7% increase of $2,980,099 from prior year adopted budget.

MUNICIPAL
General Sales Tax – Projected to increase by $3.8M from prior year.
Property Tax (Ad Valorem) – Based on the approved flat property tax rate of $0.16788. Of the property
tax rate, $0.11788 per $100 assessed valuation is allocated for maintenance and operation activities and
0.05000 per $100 assessed valuation is allocated for interest and sinking debt service.
Charge for Services – Projected to decrease by $81K from prior year.
Hotel Tax – Projected to increase by $54K from prior year.
Beverage Tax – Projected to remain flat from prior year.
Franchise Fees – Projected to decrease $ 37K from prior year.
Permits & Fees Building – Projected to decrease $ 4.7M from prior year.
Permits & Fees Other – Projected to increase $147K from prior year.
Fines & Forfeitures – Projected to decrease $ 66K from prior year.
Interest Income – Projected to increase $844K from prior year.
Contributions – Projected to remain flat at $0 from prior year.
Miscellaneous Income – Projected to increase $2K from prior year.
Transfer In – Projected to increase $ 2.5M from prior year.

ACADEMIC
Total revenues are projected to increase $ 374K from prior year.
The subsidy from the Town was adopted with an increase $ 34K from prior year.

Revenues

Academic
26%

Municipal
74%

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