Page 4 - TownofWestlakeFY26BudgetOrd1029

September 17, 2025

Honorable Mayor and Town Council:

In accordance with the Texas Local Government Code, I am pleased to submit the annual budget for the Town
of Westlake Fiscal Year 2026. The fiscal year begins October 1, 2025, and ends September 30, 2026.

BUDGET OVERVIEW

The Fiscal Year 2025-2026 Annual Operating Budget and Capital Improvement Plan totals $34,973,808 in
revenue and $31,002,720 in expenditures. This is an increase of approximately 5% from the FY2025 adopted
budget and includes the following changes:

 Tax rate of $0.185 per $100 of property value
 Total full-time equivalent positions of 55.5, which includes a net 3 increase
 Inclusion of $1,376,500 in capital expenditures and service level adjustments
 Plans for a $3,971,088 contribution to fund balance across all funds to reduce future debt needs

This budget was carefully prepared through the collective efforts of all departments to balance the
identified needs of the Town with a sustainable and sound financial plan. The annual budget is focused on
achieving the following goals:

 Continuing high quality services and responsive customer service;
 Leaning out departmental operations budget;
 Preparing a balanced budget that creates a surplus for future CIP and equipment replacements;
 Retaining and attracting employees who support the community’s vision; and
 Offering transparency into the financial plans and status of the Town.

BUDGET STRATEGIES

The annual budget is influenced by the following: State of Texas law and policy, Council direction, fiscal &
budgetary policies, recommendations from the Town Manager, input from citizens, Government Finance Officers
Association guidelines, and general budgeting principles.

TOWN COUNCIL POLICIES & PRIORITIES
The Town Council worked with a third party during FY25 to develop a strategic plan for the Town, including the
Academy, which includes a financial sustainability plan, influences future capital spending, and provides guidance
on future development, programs, and services. The strategic plan was heavily relied upon for the development
of the proposed budget.

VISION
Westlake will preserve its unique charm and natural beauty, promoting a vibrant community,
cultivating strategic partnerships with residents and corporate stakeholders.

MISSION
Westlake provides a superior quality of life through excellent municipal service delivery and
world-class education.

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