Page 72 - Keller FY20 Approved Budget

The Keller Pointe Fund

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

Revenues
Charges for Service 3,382,418 3,450,066 3,519,068 3,589,449 3,661,238
Other Revenue 46,920 47,858 48,816 49,792 50,788
Total Revenue $3,429,338 $3,497,925 $3,567,883 $3,639,241 $3,712,026

Expenditures
Personnel services 1,647,581 1,697,008 1,747,918 1,800,356 1,854,367
Operations & 395,529 407,395 419,617 432,206 445,172
maintenance
Services & other 1,097,495 1,130,420 1,164,332 1,199,262 1,235,240
Transfers to Other 27,222 27,222 27,222 27,222 27,222
Funds
Capital outlay 74,593 76,830 79,135 81,509 83,955
Future Anticipated 59,600 756,000 56,000 56,000 56,000
needs
Total Expenditures $3,302,020 $4,094,875 $3,494,225 $3,596,555 $3,701,955

Variance $127,318 $(596,951) $73,658 $42,686 $10,071

Five-Year Outlook Notes:

 FY 2021-22 includes a one-time roof replacement of $700,000.
 FY 2019-20 through FY 2023-24 include various one-time building improvements of $56,000, which will be
reviewed annually to ensure an operationally balanced budget and maintain fund balance requirements.
 The revenue growth of 3 percent only considers growth in membership numbers. The Keller Pointe reviews
membership fees annually and anticipates a 3 percent increase every three years. The next anticipated
adjustment would be in FY 2022-23, however, related revenue impacts are not reflected in the outlook.

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