Page 62 - Keller FY20 Approved Budget

The Keller Pointe Fund

FY 2019-20 Revenues $3,362,096
Compared to $ Growth % Growth
FY 2018-19 Budget $ 130,096 4.03 %
FY 2018-19 Projection $ 109,942 3.38 %

FY 2019-20 Expenditures $3,748,773
Compared to $ Growth % Growth
FY 2018-19 Budget $ (935,013) (20.0) %
FY 2018-19 Projection $ (587,033) (13.54) %

Revenues – Expenditures $ (386,677)

The Keller Pointe is an enterprise function intended to be a self-supporting operation; therefore, the
revenues generated by the facility should fully support its direct operating costs. The primary source of
revenue is generated through memberships and pass sales, with the second largest revenue source
being programs. Revenues are based upon three-year trend data, which reduces revenue estimates from
the FY 2019-20 year-end projections. For FY 2019-20, a one-time capital fund transfer for indoor pool
repairs for $397,222 and for locker room renovations of $230,000 is included. The FY 2018-19 budget
included $855,500 for the replacement of the indoor pool HVAC system.

Information Technology Fund

FY 2019-20 Revenues $2,308,655
Compared to $ Growth % Growth
FY 2018-19 Budget $ 114,447 5.2 %
FY 2018-19 Projection $ 114,447 5.2 %

FY 2019-20 Expenditures $2,613,870
Compared to $ Growth % Growth
FY 2018-19 Budget $ 396,563 17.9 %
FY 2018-19 Projection $ 484,571 22.8 %

Revenues – Expenditures $ (305,215)

The Information Technology Fund accounts for citywide information services/information technology
operations and is an Internal Service Fund. It is supported by transfers from departments within other
operating funds based upon a ratio of computer equipment and actual costs of specialized software or
equipment. The expenditures vary annually based upon the computer and technology replacement
schedule. FY 2019-20 includes the purchase of Microsoft 360 for $20,000, and $464,719 for new finance
software.

60