Page 80 - Keller Budget FY21

BUDGET ACTION SUMMARY

Drainage System CIP Fund
 Increased revenues and expenditures for the Nightingale Culvert project by $43,000.

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 29.5%
o The FY 2019‐20 budget reduces expenditures and will add to fund balance for cash‐
funding future projects.
The Keller Pointe Fund
 Decreased Fund Balance by 44.4%
o Declines in revenue in FY 2019‐20 can be attributed to closures and cancellations as
a result of the COVID‐19.
o FY 2019‐20 budget included one‐time cash‐funding of capital projects of $397,222
for the Indoor Pool Repairs project and $230,000 for Locker Room Renovations
project
Recreation Special Revenue Fund
 Decreased Fund Balance by 69.9%
o Declines in revenue in FY 2019‐20 can be attributed to closures and cancellations as
a result of the COVID‐19.
Municipal Court Special Revenue Fund
 Decreased Fund Balance by 12.1%
o Use of fund balance to cover declines in revenues.
Public Safety Special Revenue Fund
 Increased Fund Balance by 13%
o Budget reflects only personnel expenditures and does not reflect donation/grant
revenue, which will add to fund balance.
Information Technology Fund
 Decreased Fund Balance by 17.9%
o Budget includes one‐time funding of $376,417 for new financial software
implementation and training.
Street and Sidewalk Improvements Fund
 Decreased Fund Balance by 26.3%
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 25.9%
o Budget includes one‐time funding of $370,000 for the purchase of a Gradall and
$465,000 for the purchase of a Vac‐Tron and Vac‐Con.
Facility Capital Replacement Fund
 Increased Fund Balance by 11%
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 19.2%
o Budget includes one‐time capital projects of $325,000 Shady Lane South, $200,000
for the Drainage Master Plan, and $70,000 for Bear Creek Culvert Phase one project.

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