Page 19 - FY 19 Budget Forecast 91218.xlsx

revenues exceeding ongoing expenditures in all funds. Below is a list of one‐time, cash‐funded projects
and their associated funding source:

 Overton Ridge Park ‐ $2.5 million from the Keller Development Corporation Fund

 Johnson Road Reconstruction ‐ $1 million from the General Fund and $1 million from the Roadway
Impact Fee Fund ($2 million total)

 New Senior Activities Center* ‐ $1.6 million from the General Fund (*if approved by voters)
 Bear Creek and Whitley Roundabout ‐ $925,000 from the General Fund

 The Keller Pointe Bathroom Renovations ‐ $600,000 from The Keller Pointe Fund

 Hwy. 377 Sanitary Sewer Project ‐ $237,500 from the Water and Wastewater Fund and $250,000
from developer contributions ($487,500 total)

 Bear Creek and Keller‐Smithfield Signal ‐ $125,000 from the General Fund and $125,000 from the
Roadway Impact Fee Fund ($250,000 total)

 Bear Creek Park Restroom/Storage ‐ $240,000 from the Keller Development Corporation Fund
 Woods Drive Drainage Improvements ‐ $150,000 from the Drainage Utility Fund

 Lavena Water Line Extension ‐ $100,000 from the Water and Wastewater Fund

While a significant portion of the FY 2018‐19 capital investment is cash funded, the city does plan to issue
debt related to the Alta Vista pump station and Alta Vista transmission main projects. These projects will
provide a new 30‐inch, 12,200‐linear‐foot water transmission main and replace the Alta Vista pump
station, now more than 40 years old. While they appeared on prior‐year CIPs for several years, these
projects began in FY 2015‐16 when City Council approved initial costs for the transmission line of $1 million
and followed up by approving an additional $6.2 million for the projects in FY 2016‐17, including $3.3
million in Certificates of Obligation. The five‐year CIP reflects a second round of debt funding for the
projects in FY 2018‐19 for $7 million, for a total project cost of $14.2 million. In addition to the Alta Vista
projects, the city will be issuing $900,000 in debt to construct new 12‐inch water lines on Hwy. 377.

Apart from the Alta Vista projects, the only future debt currently on the five‐year CIP is related to State
Water Implementation Funds for Texas. In FY 2015‐16, the city applied for and was approved to receive
SWIFT financial assistance from the Texas Water Development Board. The city will receive low‐interest
loans through the program totaling $12,180,000 set to be issued in three‐year intervals that started in FY
2016‐17. These funds will be used to implement improved water management strategies, including the
replacement of approximately 12 miles of deficient system pipe and 1,600 deficient water services that
are over 40 years old, composed of obsolete material, and are experiencing more leaks and breaks. The
next two rounds of funding will be in FY 2019‐20 and FY 2022‐23.

City of Keller Growth

The City of Keller population continues to slowly grow each year as measured by the North Central Texas
Council of Governments. As of January 2018, the City of Keller has an estimated population of 44,940,
which is up 320 people or 0.7 percent from the prior year and 5,313 people or 13.4 percent from the 2010
Census. Approximately $130 million in new construction was added to the tax roll this year and represents

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