Page 62 - Keller Budget FY21

Keller Development Corporation Fund

FY 2020-21 Revenues $3,306,192
Compared to $ Growth % Growth
FY 2019-20 Budget $ 6,961 0.2%
FY 2019-20 Projection $ (601) (0.02)%

FY 2020-21 Expenditures $3,167,734
Compared to $ Growth % Growth
FY 2019-20 Budget $ 614,829 24.1%
FY 2019-20 Projection $ 614,829 24.1%

Revenues – Expenditures $138,458

The KDC is a voter-approved 1/2-cent sales tax option dedicated to funding capital projects for park and
recreation improvements. Projected revenue for year-end is anticipated to increase slightly. FY 2020-21
includes one-time capital fund transfers for Keller Sports Park baseball lot parking lot improvements for
$600,000, Bear Creek parking lot improvements for $225,000, Bear Creek Pond dredging for $215,000,
and Bursey Ranch playground replacement for $100,000. In addition to the one-time capital transfers,
also included is the annual trail system expansion for $275,000 and the parks capital replacement
program for $100,000. FY 2019-20 included one-time capital fund transfers for the Keller Sports Park
parking lot improvements for $185,000 and the Bear Creek Park “bridge” playground replacement for up
to $180,000. Also included in FY 2019-20 is the parks capital replacement program for $100,061 and the
annual trail system expansion for $409,847.

The Keller Pointe Fund

FY 2020-21 Revenues $2,599,682
Compared to $ Growth % Growth

FY 2019-20 Budget $(762,414) (22.7)%
FY 2019-20 Projection $512,702 24.6%

FY 2020-21 Expenditures $2,921,346
Compared to $ Growth % Growth
FY 2019-20 Budget $ (827,427) (22.1)%
FY 2019-20 Projection $177,192 6.5%

Revenues – Expenditures $(321,664)

The Keller Pointe is an enterprise function intended to be a self-supporting operation; therefore, the
revenues generated by the facility should fully support its direct operating costs. The primary source of
revenue is generated through memberships and pass sales, with the second largest revenue source
being programs. Revenues are based upon three-year trend data, which reduces revenue estimates from
the FY 2020-21 year-end projections. Declines in revenue for FY 2019-20 and FY 2020-21 can be
attributed to closures and capacity restrictions as a result of the corona virus. For FY 2019-20, a one-
time capital fund transfer for indoor pool repairs for $397,222 and for locker room renovations of $230,000
is included. The FY 2018-19 budget included $855,500 for the replacement of the indoor pool HVAC
system.

60