Page 80 - Keller FY20 Approved Budget

BUDGET ACTION SUMMARY

o Addresses the anticipated use of fund balance to cover the vehicle and equipment
replacements scheduled for FY 2019‐20.

Facility Capital Replacement Fund
 Increased Fund Balance by 17.4%
o This fund is used to cash fund facility capital replacements and repairs. For FY 2019‐
20, the budget will add to fund balance for future replacements and repairs.

Drainage Utility Fund
 Decreased Fund Balance by 24.6%
o Budget includes one‐time funding of $200,000 for a Drainage Master Plan update
and $350,000 for the Nightingale Culvert Project.

Information Technology Fund
 Decreased Fund Balance by 24.5%
o Budget includes one‐time funding of $376,417 for new financial software
implementation and training.

Non‐Financial Changes from Prior Year:

This section describes changes that impact either line items or department budget amounts, but have a
neutral impact on the overall budget and therefore are considered non‐financial:

 Johnson Road Consolidation – In FY 2017‐18, the city funded $925,000 for a roundabout at
Johnson and Keller‐Smithfield roads, and in FY 2018‐19 the city funded $2,000,000 for the
reconstruction of Johnson Road from Rufe Snow Drive to Keller‐Smithfield. For FY 2019‐20, the
projects have been consolidated into one project. In addition, the city is allocating an additional
$2,000,000 for road and drainage reconstruction, $216,000 for trails, and $800,000 for water line
improvements. The total estimated project cost is $5,941,000.

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