Page 69 - Keller FY20 Approved Budget

General Fund

FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24 FY 2024-25

Revenues
Property Tax 20,842,466 20,825,258 21,063,220 20,444,000 22,262,902
Sales Tax 6,618,039 6,750,400 6,885,408 7,023,116 7,163,579
Other Taxes 4,510,100 4,600,302 4,692,308 4,786,155 4,881,878
Licenses and 779,499 756,114 733,430 711,427 690,085
Permits
Charges for 382,116 389,759 397,554 405,505 413,615
Service
Fines and Fees 2,054,596 2,054,596 2,054,596 2,054,596 2,054,596
Development Fees 198,627 192,668 186,888 181,281 175,843
Intragovernmental 1,527,895 1,558,453 1,589,622 1,621,414 1,653,842
Intergovernmental 3,520,295 3,590,701 3,662,515 3,735,766 3,810,481
Other Revenue 334,258 340,943 347,762 354,717 361,812
Transfers In - - - - -
Total Revenue $40,767,892 $41,059,194 $41,613,304 $41,317,978 $43,468,632

Expenditures
Personnel services 24,881,302 25,627,741 26,396,573 27,188,471 28,004,125
Operations & 3,048,677 3,140,138 3,234,342 3,331,372 3,431,313
maintenance
Services & other 9,004,218 9,274,344 9,552,575 9,839,152 10,134,326
Transfers to other 622,599 622,599 622,599 622,599 622,599
funds
Capital outlay 13,390 13,792 14,205 14,632 15,071
Future Anticipated 2,662,500 1,977,500 2,674,200 2,085,820 1,190,102
needs
Total $40,232,686 $40,656,114 $42,494,494 $43,082,045 $43,397,536
Expenditures

Variance $535,206 $403,080 $(881,190) $(1,764,067) $71,096

Five-Year Outlook Notes:

 One-time CIP project transfers of $2,472,500 are included in FY 2020-21, $712,500 in FY 2021-22,
$1,540,000 in FY 2022-23, and $925,000 In FY 2022-23. The projects are listed in the Five-Year CIP plan.
 FY 2021-22 includes the addition of a third frontline ambulance and associated personnel with a one-time
cost of $300,000 and ongoing expenses of $600,000. The cost has been included for budget forecasting
purposes, though actual need for a third ambulance will be based upon call volumes.
 Starting in FY 2020-21, the sidewalk repair and construction project funding will increase by 10% annually.
 The FY 2022-23 budget is operationally balanced and revenues would exceed expenditures with the one-
time CIP transfer removed.
 FY 2023-24 anticipates issuing a CO for debt capacity demonstration purposes, which would shift property
tax from the General Fund. With the CO debt payment and one-time CIP transfer removed, the General
Fund’s operational budget would be in the positive by $92,071.
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