Page 372 - Keller FY20 Approved Budget
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WATER IMPACT FEE FUND
FUND DESCRIPTION:
This fund is used to account for resources received from water impact fees which are determined by the type and size of new
development. Expenditures are restricted for water system improvements based upon new development impact and are
transferred to the Water and Wastewater CIP fund. The fund revenues and expenditures are not considered operating funds
and shown for informational purposes only. In the City's Comprehensive Annual Financial Report (CAFR), the fund is included
in the Water and Wastewater fund totals.
REVENUE SUMMARY
FY 2019-20
FY 2017-18 FY 2018-19 FY 2018-19 Adopted Budget
REVENUES: Actual Budget YE Proj. Budget Variance ($)
Water Impact Fees $ 176,699 $ – $ 294,513 $ – $ –
I/G Rev - Town of Westlake 217,982 – – – –
Interest Earnings – – 1,999 – –
TOTAL $ 394,681 $ – $ 296,513 $ – $ –
EXPENDITURE SUMMARY
FY 2019-20
FY 2017-18 FY 2018-19 FY 2018-19 Adopted Budget
EXPENDITURES BY DIVISION: Actual Budget YE Proj. Budget Variance ($)
Water Improvements $ 100,000 $ – $ – $ 300,000 $ 300,000
TOTAL $ 100,000 $ – $ – $ 300,000 $ 300,000
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