Page 70 - FY 19 Budget Forecast 91218.xlsx

FY 2018‐19 Five‐Year Operating Fund Outlook

Keller Development Corporation (KDC) Fund

FY 2019‐20 FY 2020‐21 FY 2021‐22 FY 2022‐23 FY 2023‐24

Revenues
Sales Tax 3,114,283 3,176,569 3,240,100 3,304,902 3,371,000
Charges for Service 16,320 16,646 16,979 17,319 17,665
Other Revenue 18,552 18,923 19,301 19,687 20,081
Total Revenue $3,149,155 $3,212,138 $3,276,381 $3,341,909 $3,408,747

Expenditures
Operations & 26,162 26,947 27,755 28,588 29,446
maintenance
Services & other 55,943 57,622 59,350 61,131 62,965
Debt Service 1,582,419 1,582,494 1,581,419 1,589,044 249,794
Transfers to other 350,000 350,000 350,000 350,000 350,000
funds
Capital outlay ‐ ‐ ‐ ‐ ‐
Future Anticipated 100,000 ‐ ‐ ‐ ‐
needs
Total Expenditures $2,114,524 $2,017,063 $2,018,525 $2,028,763 $692,204

Variance $1,034,631 $1,195,076 $1,257,856 $1,313,146 $2,716,542

Five‐Year Outlook Notes:

 The KDC fund typically cash funds large parks and recreation capital projects. Though conversations
regarding future projects are ongoing among the Parks and Recreation Board, Keller Development
Corporation and Keller City Council, there are no projects listed on the five‐year CIP at this time.
 FY 2019‐20 includes a one‐time cost of $100,000 for mower replacements.
 FY 2022‐23 includes the last payment for the 2011 GO.

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