Page 78 - FY 19 Budget Forecast 91218.xlsx

BUDGET ACTION SUMMARY

Changes from the FY 2018‐19 Proposed to FY 2018‐19 Adopted:

The FY 2018‐19 Proposed Budget included total operating revenues of $86,150,702 and operating
expenditures of $89,955,302. The FY 2018‐19 Adopted Budget includes operating revenues of
$86,209,457 which is an increase of $58,755 and operating expenditures of $90,196,271 which is an
increase of $240,969. The following bullets outline the changes between the Proposed Budget and
Adopted Budget:

General Fund
 Increased Economic Development by $35,981 related to the Old Town Keller Phase II Concept
Plan and Shopping & Dining Guide printing
 Increased Public Works by $10,000 for ROW Permit / Lane Closure Update
 Increased General Non‐Departmental Services by $1,600, decreased Police by $800 and
decreased Fire by $800 related to consolidation of postage expenses
Water‐Wastewater Fund
 Increased Utility Administration by $12,458 related to construction inspection services
Fleet Replacement Fund
 Increased revenue by $58,755 related to a transfers for Fleet Replacements
 Increased capital expenditures by $182,530 related to vehicle replacements as part of an
agreement with Enterprise Fleet Management

Changes in Projected Fund Balance of 10% or more from FY 2017‐18 to FY 2018‐19:

Keller Development Corporation (KDC) Fund
 Decreased Fund Balance by 42.2%
o Budget includes one‐time capital projects of $2,472,603 for Overton Ridge Park and
$240,000 for Bear Creek Restroom Pavilion

Municipal Court Special Revenue Fund
 Decreased Fund Balance by 14.2%
o Due to the revenue‐use restrictions, not all funds can be used at this time. The city
will continue to find ways to use the funds instead of less restrictive funds such as
the General Fund whenever possible.

Keller Pointe Fund
 Decreased Fund Balance by 57.5%
o Budget includes one‐time capital projects of $600,000 for locker room renovations
and $600,000 for Dectron and air conditioning improvements.

Street and Sidewalk Improvements Fund
 Increased Fund Balance by 12.6%
o FY 2018‐19 street maintenance project is under proposed revenue. Any fund
balance will be added to a future street or sidewalk project.

Drainage Utility Fund
 Decreased Fund Balance by 11.2%
o Budget includes one‐time capital project of $150,000 for Woods Drive drainage
improvements

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