Page 61 - FY 19 Budget Forecast 91218.xlsx

Keller Development Corporation Fund

FY 2018-19 Revenues $ 3,087,407
Compared to $ Growth % Growth
FY 2017-18 Budget $ 76,760 2.5 %
FY 2017-18 Projection $ 63,755 2.1 %

FY 2018-19 Expenditures $ 4,730,011
Compared to $ Growth % Growth
FY 2017-18 Budget $ 2,007,987 73.8 %
FY 2017-18 Projection $ 2,011,137 74.0 %

Revenues – Expenditures $ (1,642,604)

The KDC is a voter-approved 1/2-cent sales tax option dedicated to funding large projects for park and
trail improvements. Projected revenue for year-end and FY 2018-19 are anticipated to increase slightly.
For FY 2018-19, one-time capital fund transfers for the Overton Park development for $2,472,603 and
Bear Creek restroom pavilion for $240,000. In addition to the one-time capital fund transfers, the annual
trail system expansion of $250,000 and an annual parks capital replacement program for $100,000
capital fund transfers are included.

The Keller Pointe Fund

FY 2018-19 Revenues $3,232,000
Compared to $ Growth % Growth
FY 2017-18 Budget $ ( 55,310) (1.7) %
FY 2017-18 Projection $ (312,866) (8.8) %

FY 2018-19 Expenditures $4,478,286
Compared to $ Growth % Growth
FY 2017-18 Budget $ 1,280,942 40.1 %
FY 2017-18 Projection $ 1,290,260 40.5 %

Revenues – Expenditures $ (1,246,286)

The Keller Pointe is an enterprise function intended to be a self-supporting operation; therefore, the
revenues generated by the facility should fully support its direct operating costs. The primary source of
revenue is generated through memberships and pass sales, with the second largest revenue source
being programs. Revenues are based upon a three-year trend data which reduces from revenue
estimates from the FY 2018-19 year-end projections. For FY 2018-19, a one-time capital fund transfer
for bathroom renovations for $600,000 and climate control and exhaust fan of the indoor pool area for
$600,000 have been included.

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