Page 71 - Keller Budget FY21

FY 2020‐21 Five‐Year Operating Fund Outlook

Keller Development Corporation (KDC) Fund

FY 2021‐22 FY 2022‐23 FY 2023‐24 FY 2024‐25 FY 2025‐26

Revenues
Sales Tax 3,325,240 3,408,371 3,493,581 3,580,920 3,325,240
Charges for Service 16,000 16,000 16,000 16,000 16,000
Other Revenue 46,976 47,916 48,874 49,851 46,976
Total Revenue $3,388,217 $3,472,287 $3,558,455 $3,646,772 $3,388,217

Expenditures
Operations & 26,000 27,040 28,122 29,246 30,416
maintenance
Services & other 45,542 47,363 49,258 51,228 53,277
Debt Service 1,582,927 1,590,612 251,425 251,015 255,383
Transfers to other 1,787,500 1,332,750 976,025 1,045,628 692,891
funds
Capital outlay 150,000 15,000 75,000
Future Anticipated
needs
Total Expenditures $3,591,969 $3,012,765 $1,379,830 $1,377,117 $1,031,967

Variance $(203,752) $459,521 $2,178,625 $2,269,654 $2,705,324

Five‐Year Outlook Notes:

 The KDC fund typically cash funds large parks and recreation capital projects. Though conversations
regarding future projects are ongoing among the Parks and Recreation Board, Keller Development
Corporation, and Keller City Council, there are no new, significant projects listed on the five‐year CIP at this
time.
 Starting in FY 2020‐21, the trail expansion project funding will increase by 10% annually.
 The five‐year CIP does include annual funding to replace parking lots at the Sports Park, replace playground
equipment, and perform capital repairs at various parks.
 FY 2022‐23 includes the last payment for the 2011 GO.

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