Lake Travis - Westlake | October 2020

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BEE CAVE

LAKEWAY

The city’s population is 6,765, a 72% increase from the 2010 census.

The city’s population is 15,673, a 37.6% increase from the 2010 census.

$10,039,923 TOTAL PROJECTED EXPENDITURES

$15,061,571

TOTAL PROJECTED EXPENDITURES

TOP EXPENDITURES

% CHANGE SINCE 201920

TOP EXPENDITURES $5,836,577 POLICE

% CHANGE SINCE 201920

1.03%

$4,707,996

+7% 17% 10% 10%

SALARY AND BENEFITS

BUILDING AND DEVELOPMENT SERVICES

$1,968,780

$1,562,807

+2.15% 2.6%

DEBT SERVICE

PUBLICPRIVATE PARTNERSHIPS

PARKS AND RECREATION

$1,487,250

$1,461,920

$1,271,147

$1,396,800

+9.6%

ADMINISTRATION

PROFESSIONAL SERVICES

0

$1M

$2M

$3M

$4M $5M

0

$1M $2M $3M $4M $5M $6M

NOTEWORTHY The city cut deeply into its capital expenditures. In FY2020-21, $14,500 is budgeted—a 92.7% drop from FY 2019-20’s $197,500 total.

NOTEWORTHY

A 2% pay raise for city employees was removed—trim- ming $180,000 from expenditures. If revenue improves over the course of the scal year, council said it may reinstate the pay raise with a budget amendment.

FY2019-20 $197,500

-92.7%

FY 2020-21

$14,500

$180,000

0 $50K $100K $150K $200K

$2.3 MILLION 2.3%

The capital outlay fund, which pays for the maintenance and construction of city infrastructure, contains $158,000—a 31.3% drop from the FY 2019-20 budget of $230,000.

The police budget is $2.3 million—a 2.3% decrease from FY 2019-20.

FY 2019-20 $230,000

Health insurance is projected to cost the city $530,850— a 14.7% year-over- year increase .

$530,850

-31.3%

FY 2020-21

$158,000

+14.7%

0 $50K

$150K

$250K

$8,546,000*

$14,826,368*

TOTAL PROJECTED REVENUE

TOTAL PROJECTED REVENUE

*The city will use $1,553,923 from its reserves, also known as a rainy day fund, to balance the budget. Despite the withdrawal, City Manager Clint Garza said the city will continue to maintain a nine-month reserve—meaning, if all revenue dried up, the city would have enough reserve money to operate for nine months.

*Revenue shortfall will be paid by leftover funds from the previous budget.

TOP REVENUE

%CHANGE +2.5% 0.75% +.56% 0.1%

$6,221,517 PROPERTY TAX

TOP REVENUE

%CHANGE

$4,364,923

10%

$6,750,000 SALES TAX

SALES TAX

$2,107,250

8%

$550,000

PERMITS AND LICENSES

BUILDING FEES

$945,200

38% NONE

$400,000

RIGHTOFWAY FEES

INTEREST FROM CITY FUNDS

0

$1M $2M $3M $4M $5M $6M $7M $8M

$385,000

RIGHTOFWAY FEES

NOTEWORTHY

0

$1M

$2M

$3M $4M $5M $6M $7M $8M

NOTEWORTHY In FY 2020-21, the city cut its capital outlay, which funds equipment, land and infrastructure maintenance, by 84%, from $399,000 to $64,000 .

After revenue from the city’s Activity Center and Swim Center in the FY 2019-20 budget totaled $325,835 —missing revenue projections by $259,015—city ocials project a rebound in revenue in FY 2020-21. The new budget anticipates $392,350 in revenue—a 20.4% increase in revenue from FY 2019-20.

The net taxable value for the city in 2020 is $2.4 billion—an increase of approximately $68 million com- pared to 2019—with $56 million of the 2020 total being new property.

20.4%

FY 2019-20 FY 2020-21

$325,835 $392,350

FY2019-20 $399,000

$64,000 -84%

+20.4%

FY 2020-21

+$68MILLION

0

$100K $200K $300K $400K

0 $100K $200K $300K $400K

SOURCE: CITY OF BEE CAVECOMMUNITY IMPACT NEWSPAPER

SOURCE: CITY OF LAKEWAYCOMMUNITY IMPACT NEWSPAPER

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COMMUNITY IMPACT NEWSPAPER • COMMUNITYIMPACT.COM

communityimpact.com

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