Page 297 - Keller FY20 Approved Budget

STREET AND SIDEWALK IMPROVEMENTS FUND

FUND DESCRIPTION:
The Street/Sidewalk/Drainage Improvements fund is a recurring capital project fund, funded from the street maintenance sales tax
effective April 2004, developer sidewalk fees, street assessments and transfers from other funds. Street assessments are
generally transferred to the Debt Service Fund for retirement of debt issued to fund the related street improvement. Expenditures
are designated for street, sidewalk, and drainage improvements.

REVENUE SUMMARY

FY 2019-20
FY 2017-18 FY 2018-19 FY 2018-19 Adopted Budget
REVENUES Actual Budget YE Proj. Budget Variance ($)

City Sales Taxes $ 1,538,906 $ 1,526,609 $ 1,598,293 $ 1,622,069 $ 95,460

Sidewalk Fees 75,085 36,607 38,651 38,651 2,044

Write Off Recovery 5,337 – – – –
Interest Revenue-Investments 4,529 18,278 7,143 7,143 (11,135)

Interest Revenue-Assessments – 104 104 104 –
Use Of Fund Balance (86,519) – – – –

TOTAL $ 1,537,338 $ 1,581,598 $ 1,644,191 $ 1,667,967 $ 86,369

EXPENDITURE SUMMARY
FY 2019-20
FY 2017-18 FY 2018-19 FY 2018-19 Adopted Budget
EXPENDITURES BY CATEGORY: Actual Budget YE Proj. Budget Variance ($)
Personnel services $ – $ – $ – $ – $ –

Operations & maintenance – – – – –
Services & other 31,762 – – – –

Transfers to other funds 1,496,250 1,526,609 1,526,609 1,801,609 275,000

Capital outlay – – – – –

TOTAL $ 1,528,012 $ 1,526,609 $ 1,526,609 $ 1,801,609 $ 275,000

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