Page 79 - Keller FY20 Approved Budget

BUDGET ACTION SUMMARY

Water and Wastewater Fund
 Decreased Fund Balance by 34.3%
o FY 2018‐19 saw record‐setting rainfall, which resulted in significantly reduced water
sales revenue.

Recreation Special Revenue Fund
 Increased Fund Balance by 22.6%
o The fund is anticipating savings in special event expenditures during FY 2018‐19.

Street and Sidewalk Improvements Fund
 Increased Fund Balance by 22.4%
o Sales tax revenue has been higher than anticipated during FY 2018‐19.

The Keller Pointe Fund
 Decreased Fund Balance by 44.3%
o Budget includes one‐time capital projects of $600,000 for locker room renovations
and $855,500 for Dectron and air conditioning improvements.

Public Education and Government Cable Franchise Fee Fund
 Increased Fund Balance by 14.4%
o Due to revenue‐use restrictions, not all funds could be used. The city will continue to
identify opportunities to use these funds in lieu of less restrictive funds (such as the
General Fund) whenever possible.

Changes in Projected Fund Balance of 10% or more from FY 2018‐19 to FY 2019‐20:

Keller Development Corporation Fund
 Increased Fund Balance by 28.4%
o FY 2018‐19 Budget included cash funding of $2,472,603 for Overton Ridge Park. FY
2019‐20 will contribute to fund balance for future cash funding of capital projects.

Public Education and Government Cable Franchise Fee Fund
 Increased Fund Balance by 17.9%
o Due to revenue‐use restrictions, not all funds can be used at this time. The city will
continue to identify opportunities to use these funds in lieu of less restrictive funds
(such as the General Fund) whenever possible.

The Keller Pointe Fund
 Decreased Fund Balance by 28.4%
o Budget includes one‐time capital projects of $230,000 for locker room renovations,
and $397,222 for indoor pool slide and plaster repairs.

Street and Sidewalk Improvements Fund
 Decreased Fund Balance by 20.8%
o Budget includes one‐time funding of $150,000 for pavement seepage repairs and
$125,000 for a pavement condition study.

Fleet Replacement Fund
 Decreased Fund Balance by 21.3%
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