Page 61 - Keller FY20 Approved Budget

Drainage

FY 2019-20 Revenues $1,490,226
Compared to $ Growth % Growth
FY 2018-19 Budget $ 12,780 0.87 %
FY 2018-19 Projection $ - - %

FY 2019-20 Expenditures $2,000,617
Compared to $ Growth % Growth
FY 2018-19 Budget $ 310,089 18.3 %
FY 2018-19 Projection $ 555,613 38.5 %

Revenues – Expenditures $ (510,391)

Drainage utility fees account for 98% of the revenues to this fund. FY 2019-20 includes one-time capital
project fund transfers for a drainage master plan update project for $200,000, drainage improvements on
Shady Lane South for $70,000, phase one of the Nightingale Circle culvert project for $325,000, and one-
time funding for a Gradall excavator for $185,000.

Keller Development Corporation Fund

FY 2019-20 Revenues $ 3,299,231
Compared to $ Growth % Growth
FY 2018-19 Budget $ 211,824 6.9 %
FY 2018-19 Projection $ 47,551 1.5 %

FY 2019-20 Expenditures $ 2,552,905
Compared to $ Growth % Growth
FY 2018-19 Budget $ (2,177,106) (46.0) %
FY 2018-19 Projection $ (2,278,960) (47.1) %

Revenues – Expenditures $ 746,326

The KDC is a voter-approved 1/2-cent sales tax option dedicated to funding capital projects for park and
recreation improvements. Projected revenue for year-end and FY 2019-20 are anticipated to increase
slightly. FY 2019-20 includes one-time capital fund transfers for the Keller Sports Park parking lot
improvements for $185,000 and a playground replacement for up to $180,000. For FY 2018-19, one-time
transfers included $2,472,603 for the Overton Ridge Park development. The Overton Ridge Park
development accounts for nearly 52.3% of the FY 2018-19 budget and can be attributed to the significant
change. In addition to the one-time capital transfers, the annual trail system expansion of $250,000 and
the annual parks capital replacement program for $100,000 are included.

59