Page 5 - TownofWestlakeFY25BudgetOrd1005

TABLE OF CONTENTS

OPERATING BUDGET FY 2025

I INTRODUCTION & OVERVIEW
Transmittal Letter .............................................................................................................................
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Town of Westlake Overview .......................................................................................................... 14
City Council & Boards ..................................................................................................................... 19
Organizational Chart ...................................................................................................................... 20
Mission Vision Values .................................................................................................................... 21

II FINANCIAL STRUCTURE
Budget Overview ............................................................................................................................ 22
Budget Calendar ............................................................................................................................. 28
Personnel ........................................................................................................................................ 29
Types of Revenues & Expenditures ................................................................................................ 32

III FINANCIAL SUMMARIES
All Funds Overview & Highlights ................................................................................................... 34
General Fund ................................................................................................................................. 36
4B Economic Development Fund 200 ........................................................................................... 38
Economic Development Fund 210 ................................................................................................ 40
Local Public Improvement District (PID) Fund 215 ........................................................................ 42
Visitors Association Fund 220 ........................................................................................................ 44
Cemetery Fund 255 ....................................................................................................................... 46
Debt Service Fund 300 ................................................................................................................... 48
Debt Service Fund 301 ................................................................................................................... 50
Capital Project Fund 410 ............................................................................................................... 52
Westlake Academy Arts & Sciences Center Fund 411 .................................................................. 54
Westlake Academy Expansion Fund 412 ....................................................................................... 56
Lone Star Public Fund 418 ............................................................................................................. 58
Utility Fund 500 ............................................................................................................................. 60
Utility Debt Service Fund 501 ........................................................................................................ 62
Utility Vehicle Maintenance & Replacement Fund 505 ................................................................ 64
Utility Maintenance & Replacement Fund 510 ............................................................................. 66
General Maintenance & Replacement Fund 600 .......................................................................... 68
General Vehicle Maintenance & Replacement Fund 605 ............................................................. 70
All Funds Summary ......................................................................................................................... 72

IV CAPITAL IMPROVEMENT PLAN
Overview ........................................................................................................................................ 74

V APPENDIX
Ordinance No. 1005 Adopting Budget .......................................................................................... 75
Property Tax Overview ................................................................................................................... 77
Ordinance No. 1006 Adopting Tax Rate ........................................................................................ 81
Tax Rate Calculation Worksheet .................................................................................................... 84
Glossary of Terms .......................................................................................................................... 94
Acronyms ..................................................................................................................................... 101

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