Page 70 - Keller FY20 Approved Budget

Keller Development Corporation (KDC) Fund

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

Revenues
Sales Tax 3,309,020 3,375,200 3,442,704 3,511,558 3,581,789
Charges for Service 16,320 16,646 16,979 17,319 17,665
Other Revenue 39,876 40,673 41,487 42,317 43,163
Total Revenue $3,365,216 $3,432,520 $3,501,170 $3,571,194 $3,642,618

Expenditures
Operations & 25,750 26,523 27,318 28,138 28,982
maintenance
Services & other 49,477 50,961 52,490 54,065 55,687
Debt Service 1,582,494 1,581,419 1,589,044 249,794 249,319
Transfers to other 715,000 715,000 715,000 715,000 715,000
funds
Capital outlay 186,430 192,023 197,784 203,717 209,829
Future Anticipated 25,000 52,500 82,750 116,025 152,628
needs
Total Expenditures $2,584,151 $2,618,426 $2,664,386 $1,366,739 $1,411,444

Variance $781,065 $814,094 $836,784 $2,204,455 $2,231,174

Five-Year Outlook Notes:

 The KDC fund typically cash funds large parks and recreation capital projects. Though conversations
regarding future projects are ongoing among the Parks and Recreation Board, Keller Development
Corporation, and Keller City Council, there are no projects listed on the five-year CIP at this time.
 Starting in FY 2020-21, the trail expansion project funding will increase by 10% annually.
 FY 2022-23 includes the last payment for the 2011 GO.

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