Page 78 - Keller FY20 Approved Budget

BUDGET ACTION SUMMARY

Changes from the FY 2019‐20 Proposed Budget to the FY 2019‐20 Adopted Budget:

The FY 2019‐20 Proposed Budget included total operating revenues of $88,800,763 and operating
expenditures of $90,919,578. The FY 2019‐20 Adopted Budget includes operating revenues of $88,587,76
— a decrease of $213,000 — and operating expenditures of $90,473,854 — a decrease of $445,724. The
following bullets outline the changes between the Proposed Budget and the Adopted Budget:

General Fund
 Decreased Fire by $163,000 related to costs for Self‐Contained Breathing Apparatus
replacements thanks to the Fire Department receiving grant funding for the purchase.
 Decreased Parks and Recreation Sports Park Maintenance by $58,000 related to reducing
personnel and increasing contract mowing.
 Increased Parks and Recreation Parks and Ground Maintenance by $22,500 related to median
maintenance costs.
 Decreased Municipal Court by $25,386 related to an updated interlocal agreement with
Colleyville.

Water‐Wastewater Capital Improvement Projects Fund
 Changed funding source for the Hwy. 377 Water Line Replacement Project from debt funded
to cash funded through a $300,000 transfer from the Water Impact Fee Fund and a $366,095
transfer from the Water‐Wastewater Fund.
 Decreased North Main Water Line project by $212,587 and transferred to Hwy. 377 Water
Line Replacement Project.
 Decreased South Elm Water Line project by $100,508 and transferred to Hwy. 377 Water Line
Replacement Project.
 Decreased Water‐Wastewater Capital Improvement Projects Fund by $800,000 related to a
transfer to the Streets Capital Improvement Project Fund for the Johnson Road
Reconstruction Project.

Water Impact Fee Fund
 Decreased Water Impact Fee Fund balance by $300,000 related to a transfer to the Water‐
Wastewater Capital Improvement Projects Fund.

Water‐Wastewater Fund
 Increased Water‐Wastewater Fund by $100 related to removing proposed debt of $1.2M and
related annual estimated payment of $152,900, and increasing transfer‐out by $153,000 for
the Hwy. 377 Water Line Replacement Project.

Streets Capital Improvement Projects Fund
 Changed funding source for the Johnson Road Reconstruction Project from partially debt
funded to cash funded through an $800,000 transfer from the Water‐Wastewater Capital
Improvement Projects Fund.

Changes in Projected Fund Balance of 10% or more from FY 2017‐18 to FY 2018‐19:

Keller Development Corporation Fund
 Decreased Fund Balance by 39.4%
o Budget includes one‐time capital projects of $2,472,603 for Overton Ridge Park and
$240,000 for the Bear Creek Park restroom and storage building.
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