The Town of Westlake annual operating budget is the result of many hours of deliberation as well as a response to both internal and external forces that have defined fiscal boundaries in its preparation.
The mission is to produce an accurate statement of intents and uses of Town monies, in a user-friendly budget document that can be utilized as a resource tool by the Board of Aldermen, the Town staff and the citizens of Westlake. To accomplish this mission, a set of budget preparation guidelines, which represent generally accepted budgeting practices, has been established:
The annual operating budget presents appropriations of expenditures and estimates of revenues for all local government funds, including sales tax revenues, citation revenue, franchise tax, mixed beverage tax, licenses and permits, development fees, sales of printed material and interest income.
The annual operating budget illustrates expenditures, anticipated revenue and the estimated impact on reserves and or surpluses.
Revenue projections are prepared for each revenue source based on an analysis of past revenue trends and current fiscal conditions.
The budget process includes a multi-year projection of capital improvement requirements.
A budget message, which summarizes local financial conditions and the principal budget issues the locality must face, is presented to the governing board along with the annual budget.
The data for each fund is organized similarly:
Program Summary
Revenue Detail
Operating Expenditure Detail
Capital Expenditure Details
Goals and Objectives Report
Funds From Other Sources Detail
Download the full Westlake Budget Executive Summary by clicking on the link at Right under "Related Information."
