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Presentation Municipal Budget Workshop 08-15-18SECTION I Introduction 08/15/2018 Town of Westlake Municipal Budget Workshop SLIDE 2 1.Financial plan 2.Business plan/service level setting 3.VVM implementation tool 4.Reflects the council’s financial policies 5.Provides council/governmental direction 6.Sets our Value Proposition 08/15/2018 Town of Westlake Municipal Budget Workshop A BUDGET HAS A MULTI-FACETED PURPOSE: SLIDE 3 Excellent Municipal Services •Responsive and Accessible •Conservative Financials •Measured Staff Growth •High Ratings on Satisfaction Survey •Distinctive Community Excellent Academic Services •Top notch educators •Highly ranked school •Exceptional IB results All at an exceptional value! 08/15/2018 Town of Westlake Municipal Budget Workshop SLIDE 4 1.Better position for our financial forecasts –Fund Balance declining (as shown at retreat) –Volatility remains in Sales & Use revenue –Adherence to Financial policies of Town Council –Future positioning of bond issuance for CIP 2.Service delivery demands –Expansion of residential/academic/commercial 3.Continue to meet Westlake’s expected level of service 4.Proposed legislative changes to Ad Valorem rate cap FROM THE GOVERNANCE PERSPECTIVE: 08/15/2018 Town of Westlake Municipal Budget Workshop SLIDE 5 1.Maintain the expected level of quality for community 2.Manage development design and implementation 3.Responsive service delivery 4.Support academic successes of the Academy 5.Invest in infrastructure and public safety FROM THE RESIDENTIAL PERSPECTIVE: 08/15/2018 Town of Westlake Municipal Budget Workshop SLIDE 6 1.Visionary 2.Distinctive community 3.Open spaces 4.Corporate campuses NOT JUST EXCELLENT SERVICES… Great financial value for benefits received! 08/15/2018 Town of Westlake Municipal Budget Workshop SLIDE 7 SECTION II Property Tax Overview 08/15/2018 Town of Westlake Municipal Budget Workshop SLIDE 8 An increase of $0.01985 The FY2018-19 Proposed rate is 08/15/2018 Town of Westlake Municipal Budget Workshop Current Tax Rate is $0.13615 $0.15600 SLIDE 9 FY 17/18 Adopted FY 18/19 Proposed Change Amount Operations (M&O rate)$ 0.11133 $ 0.13201 $ 0.00268 Debt (I&S rate)0.02482 0.02399 $(0.00083) $ 0.13615 $ 0.15600 $ 0.01985 08/15/2018 Town of Westlake Municipal Budget Workshop SLIDE 10 08/15/2018 Town of Westlake Municipal Budget Workshop $0.16010 $0.15684 $0.15684 $0.15634 $0.15634 $0.15634 $0.13695 $0.13615 $0.15600 2011 actual 2012 actual 2013 actual 2014 actual 2015 actual 2016 actual 2017 actual 2018 actual 2019 proposed Property Tax Rate per $100 Assessed Valuation $1.124B $1.207B $1.275B$796M $937M $856M $889M $920M $943M Assessed Value Effective Rates from 2011 to 2018 SLIDE 11 08/15/2018 Town of Westlake Municipal Budget Workshop $1.257 $1.442 $1.367 $1.353 $1.433 $1.479 $1.578 $1.585 $1.865 FY 10/11 FY 11/12 FY 12/13 FY 13/14 FY 14/15 FY 15/16 FY 16/17 FY 17/18 estimated FY 18/19 proposed Based on Effective Rates from 2011 to 2018 Shown in millions SLIDE 12 0.15600 0.18556 0.19665 0.20028 0.20441 FY18/19 Proposed FY 19-20 projected FY 20-21 projected FY 21-22 projected FY 22-23 projected $210K 08/15/2018 Town of Westlake Municipal Budget Workshop Property Tax Rate per $100 Assessed Valuation $279K $100K $233K $257K Under Rollback Cap Max 2.5% SLIDE 13 Source: www.tad.org 08/15/2018 Town of Westlake Municipal Budget Workshop 0.46200 0.45140 0.42750 0.37510 0.29030 0.28930 0.15600 Southlake Trophy Club Keller Roanoke Haslet Grapevine Westlake SLIDE 14 Town of Westlake 5% I.S.D. 65%County 12% Other 18% 08/15/2018 Town of Westlake Municipal Budget Workshop SLIDE 15 08/15/2018 Town of Westlake Municipal Budget Workshop Variance Is $959 $1.25M home in Highland Park including homestead Exemption Rate .22000 Tax bill is $2,200 $311K home in Keller, Texas including homestead Exemption Rate .46200 Tax bill is $1,225 $1.4M home in Westlake including homestead Exemption Rate .15600 Tax bill is $2,184 Variance I s $ 16 SLIDE 16 Starbucks is $6 x 365 days = $2,190 08/15/2018 Town of Westlake Municipal Budget Workshop $1.4M Home Equals Average Property Tax Bill of $2,184 That’s $5.98 a day! SLIDE 17 08/15/2018 Town of Westlake Municipal Budget Workshop SLIDE 17 Rates Tax Levy Proposed FY18/19 rate .15600 $2184 FY 17/18 Adopted Rate .13615 $1906 Increase Amount .01985 $278 or $.76 cents a day That equates to $23 a month SECTION III Sales and Use Tax Overview 08/15/2018 Town of Westlake Municipal Budget Workshop SLIDE 18 $2.27 $2.37 $2.74 $2.78 $3.58 $3.70 $3.86 $4.04 $4.16 $4.40 $4.40 $0.40 $0.60 $1.34 $0.44 $0.44 $0.17 $0.22 $0.25 $0.27 $0.38 $0.00 $0.89 $0.07 $0.15 $0.13 $0.03 $0.34 $0.18 $0.03 $0.02 $0.00 $0.10 $0.75 $0.38 $0.30 $0.33 $0.52 $0.67 $0.33 $0.19 $0.15 $1.20 $0 $1 $2 $3 $4 $5 $6 FY 08-09 FY 09-10 FY 10-11 FY 11-12 FY 12-13 FY 13-14 FY 14-15 FY 15/16 FY 16/17 FY 17/18 estimated FY 18/19 proposed Shown in millions 10 Year Comparison –Amount Received by Type 08/15/2018 Town of Westlake Municipal Budget Workshop SLIDE 19 Fiscal Year Base Sales Tax Economic Development Agreements Audit Payments One-time Payments Total % Change 1 FY 2006 $2,399,515 $401,044 $46,773 $774,081 $3,621,413 N/A 2 FY 2007 $2,602,027 $28,515 $299,799 $-$2,930,342 -3% 3 FY 2008 $2,588,342 $910,820 $91,412 $-$3,590,574 5% 4 FY 2009 $2,272,942 $402,966 $887,159 $101,342 $3,664,409 13% 5 FY 2010 $2,373,187 $597,904 $72,531 $746,910 $3,790,533 -1% 6 FY 2011 $2,741,594 $1,342,632 $147,423 $377,976 $4,609,625 28% 7 FY 2012 $2,783,965 $439,682 $134,142 $299,484 $3,657,274 -14% 8 FY 2013 $3,577,881 $439,302 $28,245 $329,968 $4,375,397 7% 9 FY 2014 $3,698,922 $166,846 $340,182 $519,894 $4,725,844 10% 10 FY 2015 $3,856,553 $220,424 $181,421 $667,000 $4,925,398 3% 11 FY 2016 $4,042,782 $247,951 $(8,210)$327,000 $4,609,523 -9% 12 FY 2017 $4,164,813 $268,794 $32,137 $185,000 $4,650,744 4% 13 FY 2018 Estimated $4,403,501 $378,231 $15,268 $153,000 $4,950,000 6% 14 FY 2019 Proposed $4,400,000 $0 $0 $1,200,000 $5,600,000 13% Total Received by Year 08/15/2018 Town of Westlake Municipal Budget Workshop SLIDE 20 08/15/2018 Town of Westlake Municipal Budget Workshop Westlake and Sample Cities Westlake 22 Sample Cities SLIDE 21 9%7% -4% 2% 6%4% 9% 8% 10% 6% 2% -3% 5% 13% -1% 28% -14% 7% 10% 3% -9% 4%7% 13% -20% -15% -10% -5% 0% 5% 10% 15% 20% 25% 30% FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 SECTION IV General Fund Overview 08/15/2018 Town of Westlake Municipal Budget Workshop SLIDE 22 Proposed Budget FY 18/19 (compared to FY17/18 Estimated) 08/15/2018 Town of Westlake Municipal Budget Workshop $12.121M Revenues and Other Sources 31% increase of $2.854M $12.127M Expenditures and Other Uses 16% increase of $1.675M $-5.9K Net Change to Fund Balance $9.058M Ending Fund Balance Revenues $389k Sales Tax $258K Property Tax $2.2M Permits Expenses $287K Payroll $168K Operations $1.2M Transfers Out 341 Operating Days Based on Current Conditions with .15600 Property Tax Rate SLIDE 23 08/15/2018 Town of Westlake Municipal Budget Workshop ESTIMATED PROPOSED Under Rollback Cap Max 2.5% FY 17-18 FY 18-19 FY 19-20 FY 20-21 FY 21-22 FY 22-23 Revenues and Other Sources $ 9,267,008 $ 12,121,229 $ 9,747,644 $ 10,071,293 $ 10,492,910 $ 10,798,238 Expenditures and Other Uses (10,451,246)(12,127,181)(11,025,910)(11,002,409)(10,987,597)(11,155,506) NET CHANGE TO FUND BALANCE (1,184,238)(5,952)(1,278,266)(931,116)(494,687)(357,268) Beginning Fund Balance 10,242,277 9,058,039 9,052,088 7,773,822 6,842,706 6,348,019 Ending Fund Balance 9,058,039 9,052,088 7,773,822 6,842,706 6,348,019 5,990,751 Restricted/Committed/Assigned 304,505 304,505 304,505 304,505 304,505 304,505 Unassigned Ending Balance $ 8,753,534 $ 8,747,583 $ 7,469,317 $ 6,538,201 $ 6,043,514 $ 5,686,246 Operating Expenditures 9,087,535 9,374,766 9,765,082 9,850,581 9,983,206 10,151,115 Operating Cost per Day 24,897 25,684 26,754 26,988 27,351 27,811 Operating Days 352 341 279 242 221 204 Current Conditions with .15600 Property Tax Rate SLIDE 24 08/15/2018 Town of Westlake Municipal Budget Workshop Sales & Use Tax 32% Development Permits & Fees 38% Property Tax 13% Franchise Fees Court Fines & All Other 17% SLIDE 25 08/15/2018 Town of Westlake Municipal Budget Workshop 10% Rent, WA, Etc 7% P&D 16% TM, TS, Facilities, Finance, IT, HR, Comm 19% Fire/EMS Services 9% Court, Public Works, Parks/Rec 8% Police Services 31% Transfers Out to Conduit Funds Debt, GMR, VMR, CIP SLIDE 26 352 341 279 242 221 204 FY 17/18 Estimated FY 18/19 Proposed FY 19/20 projected FY 20/21 projected FY 21/22 projected FY 22/23 projected 08/15/2018 Town of Westlake Municipal Budget Workshop Current Conditions with .15600 Property Tax Rate SLIDE 27 08/15/2018 Town of Westlake Municipal Budget Workshop ACCT DESCRIPTION SLA AMOUNT ONE TIME ON-GOING SALES TAX REVENUE 1,050,000 1,050,000 - PROPERTY TAX REVENUES 279,848 -279,848 BUILDING PERMIT REVENUES 2,127,673 2,127,673 - TOTAL REVENUES 3,457,521 3,177,673 279,848 Office Rent GF portion 227,945 -227,945 Water Service -Fire Station 5,050 -5,050 Electric Service -Fire Station 5,570 -5,570 Gas Service -Fire Station 5,288 -5,288 Contracted Services Fire Dept 35,000 35,000 - Janitorial Service -Fire Station 5,000 -5,000 Landscape -Fire Station 13,000 -13,000 Court Software 25,000 25,000 - Salt and Sand Spreader 5,000 5,000 - ALL OTHER CHANGES 326,853 65,000 261,853 ACCT DESCRIPTION SLA AMOUNT ONE TIME ON-GOING Market Adjustment 191,314 -191,314 Maintain Current (insurance)31,225 -31,225 Facilities Clerk to Full Time 26,296 -26,296 Court Judge (acct for full wages in 2019)18,743 -18,743 Mgmt Intern (acct for full wages in 2019)9,024 -9,024 PW Project Mgr OC Pay & Phone Allowance 4,511 -4,511 PW Technician OC Pay & Phone Allowance 4,346 -4,346 Building Official Car Allowance 1,444 -1,444 Public Works Director Car Allowance 1,221 -1,221 Assistant Town Manager Car Allowance 1,216 -1,216 Town Secretary Phone Allowance 1,155 -1,155 Facilities/Parks Director Car Allowance 611 -611 Performance Pay 50,000 50,000 - Accountant Replacement/Training 11,439 11,439 - Payroll Transfers IN from UF & VA (66,249) -(66,249) Replace FT Marshal with two PT (66,356)(66,356) TOTAL PAYROLL & RELATED 219,940 61,439 158,501 Net One Time $3,051,234 Net On-Going ($140,506) Net Total $2,910,728 SLIDE 28 SECTION IVa General Fund Operating Day Analysis 08/15/2018 Town of Westlake Municipal Budget Workshop SLIDE 29 Plano Farmers Branch McKinney Southlake Frisco Colleyville Richardson University Park Lewisville Bellaire Flower Mound Addison Euless Trophy Club Grapevine Highland Park Bedford Fairview Keller Roanoke Hurst Westlake Hills 08/15/2018 Town of Westlake Municipal Budget Workshop SLIDE 30 175, 8,235 40, 286,047 y = -400.88x + 97336 R² = 0.0538 - 50,000 100,000 150,000 200,000 250,000 300,000 350,000 0 20 40 60 80 100 120 140 160 180 200Population Actual Days 08/15/2018 Town of Westlake Municipal Budget Workshop Includes all 22 Sample Cities Westlake not included In this graph Plano Westlake Hills SLIDE 31 73, 69,966 175, 8,235 y = -214.41x + 49496 R² = 0.1853 - 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 0 20 40 60 80 100 120 140 160 180 200Population Operating Days 08/15/2018 Town of Westlake Municipal Budget Workshop Population of 80K or less Westlake not included In this graph Westlake Hills SLIDE 32 Flower Mound 59, 32,211 93, 28,361 119, 26,152 70, 24,905 64, 16,855 128, 15,363 145, 12,166 62, 8,916 175, 8,235 60, 7,804 168, 3,309 y = -95.041x + 26634 R² = 0.1936 - 5,000 10,000 15,000 20,000 25,000 30,000 35,000 0 20 40 60 80 100 120 140 160 180 200Population Operating Days 08/15/2018 Town of Westlake Municipal Budget Workshop Comparable Peer Cities Westlake Hills SLIDE 33 Model Predicted Operating Days Comparable 269 Medium 226 Large 240 Town Staff recommends 245 Operating Days 08/15/2018 Town of Westlake Municipal Budget Workshop SLIDE 34 08/15/2018 Town of Westlake Municipal Budget Workshop SECTION V All Funds Overview Of the Budget SLIDE 35 Estimated FY17/18 Budget vs Proposed FY18/19 Budget $30.8M Revenues and Other Sources $28.5M Expenditures and Other Uses $2.2M Net Change to Fund Balance $22.3 Ending Fund Balance (All Funds) 08/15/2018 Town of Westlake Municipal Budget Workshop Based on Current Conditions with .15600 Property Tax Rate Revenues $650k Sales Tax $279K Property Tax $2.2M Permits $(507K) Contributions $5.9M Other Sources Expenses $287K Payroll $849K Debt $(2.7M) Capital SLIDE 36 08/15/2018 Town of Westlake Municipal Budget Workshop Beginning Fund Balance Revenues & Other Sources Expenditures & Other Uses Ending Fund Balance Net Change to Fund Balance Change Percent Percent of Total General Fund 9,058,039 12,121,229 12,127,181 9,052,088 (5,952)0%41% Enterprise Funds 867,621 6,839,466 5,189,095 2,517,992 1,650,371 190%11% Internal Service M&R 1,432,859 1,501,530 1,019,450 1,914,939 482,080 34%9% Special Revenue Funds 1,146,794 2,835,395 2,866,181 1,116,007 (30,786)-3%5% Debt Service Funds 0 2,693,600 2,693,600 0 -0%0% Captial Projects Funds 7,538,051 4,471,493 4,676,681 7,332,863 (205,188)-3%33% Municipal Total 20,043,364 30,462,713 28,572,188 21,933,890 1,890,526 9%100% Current Conditions with .15600 Property Tax Rate SLIDE 37 08/15/2018 Town of Westlake Municipal Budget Workshop Current Conditions with .15600 Property Tax Rate ESTIMATED PROPOSED 1 2 3 4 FY 17-18 FY 18-19 FY 19-20 FY 20-21 FY 21-22 FY 22-23 General Fund 9,058,039 9,052,088 7,773,822 6,842,706 6,348,019 5,990,751 Enterprise Funds 867,621 2,517,992 3,190,532 3,992,736 4,825,980 5,692,670 Internal Service M&R 1,432,859 1,914,939 2,848,978 3,376,765 3,929,430 3,542,095 Special Revenue Funds 1,146,794 1,116,007 1,490,939 2,552,763 3,837,999 5,155,176 Debt Service Funds 0 0 0 0 0 0 Capital Projects Funds 7,538,051 7,332,863 5,855,349 6,165,665 6,431,166 6,696,667 Municipal Total 20,043,364 21,933,890 21,159,621 22,930,634 25,372,595 27,077,360 SLIDE 38 I F O NLY M UNICIPAL O PERATING E XPENDITURES were taken into consideration (removal of all expenditures related to Capital Projects and Transfers Out) the FY 18/19 proposed budget would show A N I NCREASE OF 8% = $1,306,734 compared to the FY 17/18 estimated budget Estimated Budget FY 17/18 Proposed Budget FY 18/19 Change Amount Change Percent Total Payroll & Related $ 4,208,369 $ 4,495,731 $ 287,362 7% Operating Expenditures 11,930,283 12,949,655 $ 1,019,372 9% TOTAL $ 16,138,652 $ 17,445,386 $ 1,306,734 8% 08/15/2018 Town of Westlake Municipal Budget Workshop SLIDE 39 SECTION VI Service Level Adjustments 08/15/2018 Town of Westlake Municipal Budget Workshop SLIDE 40 08/15/2018 Town of Westlake Municipal Budget Workshop Refer to Section 2 Page 11 “All Funds Overview” for More Detail TOTAL ONE-TIME ON-GOING Sales & Use Tax $1,050,000 $1,050,000 $0 Property Tax $279,848 $0 $279,848 Building Permits & Fees $2,127,673 $2,127,673 $0 Permit Fees Utility $99,326 $0 $99,326 Other Sources $5,987,134 $5,987,134 $0 TOTAL $9,543,981 $9,164,807 96% $379,174 4% Base Budget vs Proposed FY17/18 Budget SLIDE 41 08/15/2018 Town of Westlake Municipal Budget Workshop Refer to Section 2 Page 11 “All Funds Overview” for More Detail TOTAL ONE-TIME ON-GOING Payroll And Related $219,940 $61,439 $158,501 Operating Expenditures $1,588,183 $1,103,780 $484,403 Capital Projects $2,949,526 $2,891,051 $58,475 TOTAL $4,757,649 $4,056,270 85% $701,379 15% Base Budget vs Proposed FY17/18 Budget SLIDE 42 08/15/2018 Town of Westlake Municipal Budget Workshop TOTAL SLA ONE TIME ON GOING Payroll Transfer Out to GF 30,115 -30,115 ED -Schwab Sales Tax 200,000 200,000 Office Rent VA portion 48,845 -48,845 Marketing & Promotions 32,500 32,500 SPECIAL REVENUE FUNDS 311,460 232,500 78,960 TOTAL SLA ONE TIME ON GOING Fund PW-Ground Storage Tank 80,000 80,000 -410.16 PW-Pump Station Equipment 80,000 80,000 -510.16 Town -Irrigation R&M 5,000 -5,000 600.26 WA -15 Ton Split HVAC System 7,500 -7,500 600.17 Town -HVAC System R&M 5,000 -5,000 600.26 IT-Servers & Network Storage 25,000 25,000 -600.20 IT-Network Equipment 115,000 115,000 -600.20 IT-Server Replacements 15,000 15,000 -600.20 WA -Parking Lot R&M 25,000 25,000 -600.17 WA -Playground Equipment 5,000 5,000 -600.17 IT-Phone System/Peripheal Devices 60,000 60,000 -600.20 WA -Plumbing R&M 6,225 -6,225 600.17 WA -Carpet Flooring 10,000 10,000 .600.17 WA -Lights R&M 7,250 -7,250 600.17 WA -Refurbish Classrooms 9,000 9,000 -600.17 WA -Interior Building R&M 9,500 -9,500 600.17 Town -Light R&M 10,000 -10,000 600.26 Town -Two Man Lift 25,000 25,000 -600.17 WA -Interior Building 8,000 -8,000 600.17 FD-Ambulance M&R 260,000 260,000 -605.14 INTERNAL SERVICE FUNDS 767,475 709,000 58,475 SLIDE 43 SECTION VIII Capital Projects Overview 08/15/2018 Town of Westlake Municipal Budget Workshop SLIDE 44 08/15/2018 Town of Westlake Municipal Budget Workshop $4.8M Revenues and Other Sources 292% increase of $3.6M $4.6M Expenditures and Other Uses 41% decrease of $3.3M $194K Net Change to Fund Balance $7.7M Ending Fund Balance Proposed Budget FY 17/18 (compared to FY16/17 Estimated) INLCUDES •Fund 405 Fire Station •Fund 412 Academy Expansion •Fund 410 Capital Projects Revenues $441K Transfers In $3.3M Bonds Expenses $3.2M Capital Projects SLIDE 45 08/15/2018 Town of Westlake Municipal Budget Workshop Project Description Totals FY 17-18 FY 18-19 FY 19-20 PROJECT thru Estimated Proposed Projected GRAND FY 16/17 Budget Budget Budget TOTAL FM1938 Town Improvements 3,035,361 50,000 220,000 -3,305,361 Roanoke Road Reconstruction & Drainage South 2,900 --480,180 483,080 Sam School Road Reconstruction & Drainage --281,960 -281,960 FM 1938 & Dove Road Traffic Signal (Cash)277,730 160,000 --464,119 FM 1938 & Dove Road Traffic Signal (Contribution)26,389 --- FM 1938 and Solana Traffic Signalization 294,703 10,000 --304,703 Flashing Crosswalk -Dove/Pearson & Dove/Ottinger --80,000 -80,000 Solana Pavement Repairs --90,000 -90,000 Wyck Hill Pavement Resurface --54,450 -54,450 FM1938 Pavement Repairs --80,000 -80,000 Fire Station Complex 2,737,121 7,339,673 2,399,630 -12,476,424 WA Outdoor Learning Space 129,808 175,000 -123,595 428,403 WA Pond Repairs --82,000 -82,000 Trail Connection at Hwy 114 & Solana Blvd.--30,000 -30,000 Wayfinding Signage --229,500 -229,500 Cemetery Improvements -100,000 50,000 -150,000 Trail -Academy to Cemetery ---300,949 1,284,903 Ottinger Road Recon/Drainage ---983,954 Trail -Dove/Pearson/Aspen --290,016 -694,141 Pearson Lane Recon/Drainage --404,125 - NEW PROJECT Fiber Connectivity Project --300,000 -300,000 Total $ 6,504,012 $ 7,834,673 $ 4,591,681 $ 1,888,678 $ 20,819,044 SLIDE 46 08/15/2018 Town of Westlake Municipal Budget Workshop SLA AMOUNT ONE TIME ON-GOING BOND PROCEEDS 3,387,134 3,387,134 - Sam School Road R&D (281,960)(281,960)- Pearson Lane R&D (404,125)(404,125)- Flashing Crosswalk Lights (80,000)(80,000)- Solana Pavement Repair (90,000)(90,000)- Wyck Hill Pavement Resurface (54,450)(54,450)- FM1938 Pavement Repairs (80,000)(80,000)- WA -Pond Repairs (82,000)(82,000)- FM1938 Town Improvements (170,000)(170,000) Trail Connection at 114/Solana (30,000)(30,000)- Trail -Dove/Pearson/Aspen (290,016)(290,016)- Wayfinding Signage (229,500)(229,500)- IT-Fiber Connectivity (300,000)(300,000)- Consultant Fees (85,000)(85,000)- CAPITAL PROJECTS 1,210,083 1,210,083 - SLIDE 47 Project Description Totals FY 17-18 FY 18-19 FY 19-20 FY 20-21 FY 21-22 FY 22-23 PROJECT Thru Estimated Proposed Projected Projected Projected Projected GRAND FY 16-17 Budget Budget Budget Budget Budget Budget TOTAL SH114 and Schwab Way Traffic Signal Upgrade ---257,500 ---257,500 Hwy 170 and 377 Traffic Signal Upgrade ---265,000 ---265,000 Dove Road & Randol Mill Traffic Circle ----674,238 892,427 -1,566,665 Hwy 170 and Roanoke Traffic Signal Upgrade ---15,000 257,500 --272,500 GW Farms TeleCom Ductbank (PUSH OUT TO 2020)---806,400 ---806,400 SH 114/170 Enhancements 239,433 ----830,592 -1,070,025 Sub-Total -Road/Street Improvements 239,433 --1,343,900 931,738 1,723,019 -4,238,090 Hwy 377 Landscape Improvements (Phase I and II)---411,100 436,000 --847,100 Trail -Fidelity Campus to WL Parkway at Hwy 114 ---330,338 ---330,338 Westlake Academy Pedestrian Underpass -----741,600 -741,600 Cemetery Improvements ----73,609 77,904 -151,513 15-30 Acre Community Park ----8,623,423 183,706 -8,807,129 Sub-Total -Trail/Park/Cemetery Improvements ---741,438 9,133,032 1,003,210 -10,877,680 TOTAL UNFUNDED (UNDER DISCUSSION)$239,433 $-$-$2,085,338 $10,064,770 $2,726,229 $-$15,115,770 08/15/2018 Town of Westlake Municipal Budget Workshop SLIDE 48 SECTION VII Utility Fund Overview 08/15/2018 Town of Westlake Municipal Budget Workshop SLIDE 49 08/15/2018 Town of Westlake Municipal Budget Workshop SLIDE 50 Estimated FY 17/18 Utility Fund Revenues are estimated over perform by approximately 13%. Proposed FY 18/19 Utility Fund Revenues are projected to under perform by approximately 7%. 08/15/2018 Town of Westlake Municipal Budget Workshop TOTAL SLA ONE TIME ON GOING BOND PROCEEDS TWDB 2,600,000 2,600,000 - DUCT BANK LEASE REVENUES 9,426 -9,426 DUCT BANK PERMIT FEE REVENUES 89,900 -89,900 DS Fort Worth Water (811,280)(811,280)- DS Texas Water Dev Board (36,056)-(36,056) Payroll Transfer Out to GF (37,168)-(37,168) Office Rent UF portion (48,845)-(48,845) UTILITY FUND 1,765,977 1,788,720 (22,743) SLIDE 54 Estimated FY 17/18 Fund Balance 664,038 Projected FY 18/19 Fund Balance $2,305,174 One-time and On-going •Current rate study was updated during FY18/19 budget preparation. Will conduct rate study in FY2019 concurrent with budget preparation 08/15/2018 Town of Westlake Municipal Budget Workshop SLIDE 53 •Staff recommends maintaining existing rates for the remainder of CY 2018 and CY 2019. 08/15/2018 Town of Westlake Municipal Budget Workshop COUNCIL DIRECTION SLIDE 55