Page 29 - CityofLakeWorthFY26AdoptedBudget

$15,000 – Western Swing Festival Sponsorship:

The Western Swing Festival is a multi-day event celebrating Texas music and

culture, drawing visitors from across the state. Sponsorship of this event helps
promote Lake Worth as a destination for arts, culture, and entertainment,

while supporting the local economy through increased hotel occupancy and
business activity.

These investments reflect the City’s ongoing commitment to using HOT funds in a
strategic and impactful manner. By supporting high-visibility events and marketing

partnerships, Lake Worth continues to position itself as a vibrant and welcoming

destination for tourists and event organizers alike.

WATER & SEWER UTILITY FUND

The Water and Sewer Utility Fund is an enterprise fund supported by service fees
charged to water and sewer customers. As a business-type activity, this fund is

structured to operate like a private utility—revenues collected from users are intended

to fully cover the costs associated with delivering water and wastewater services.
These include day-to-day operational expenses, debt service obligations,

infrastructure maintenance, and capital improvement projects, in alignment with the
goals established by the City Council.

As part of the annual budget process, City staff conducts a comprehensive review of
the Water and Sewer Fund’s financial condition. This includes evaluating ongoing

operating costs, personnel expenses, infrastructure depreciation, and capital
replacement needs. The analysis helps ensure that rates remain sufficient to support

long-term sustainability while remaining fair and equitable for ratepayers.