Page 81 - Keller Budget FY21

BUDGET ACTION SUMMARY

Changes in Projected Fund Balance of 10% or more from FY 2019‐20 to FY 2020‐21:

Keller Pointe Fund
 Decreased Fund Balance by 39.1%
o Use of fund balance to cover declines in revenue as a result of closures and capacity
restrictions related to the COVID‐19.
Recreation Special Revenue Fund
 Decreased Fund Balance by 86.8%
o Declines in revenue in FY 2019‐20 can be attributed to closures and cancellations as
a result of COVID‐19.
Street and Sidewalk Improvements Fund
 Increased Fund Balance by 24.9%
o Increase in fund balance will allow the City to grow resources for future cash‐funding
of street projects.
Fleet Replacement Fund
 Increased Fund Balance by 54.9%
o Budget for FY 2019‐20 used a portion of fund balance to cover scheduled vehicle and
equipment replacements. The FY 2020‐21 budget reduces expenditures and will
allow the City to add to fund balance for future cash‐funding replacements.
Facility Capital Replacement Fund
 Increased Fund Balance by 16.0%
o This fund is used to cash fund facility capital replacements and repairs. Increases in
fund balance will allow the City to grow resources for future replacements.
Drainage Utility Fund
 Decreased Fund Balance by 19.6%
o Budget includes one‐time capital project fund transfers for the Nightingale culvert
project for $368,000 and a Drainage Master Plan project for $200,000.

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:

 Community Development – In FY 2020‐21, Community Development will be broken out into three
by adding a Code Enforcement division. Prior to FY 2020‐21, Community Development was
comprised of two divisions: Planning and Zoning and Building and Construction Services and Code
Enforcement was included in the Building and Construction Services budget.
 Water & Wastewater Utility Fund – Starting in FY 2020‐21, Attorney and Legal Services will be
moved from Water & Wastewater Administration division to the Water & Wastewater Non‐
Departmental division. The Non‐Departmental Division reflects expenditures for the entire fund,
such as attorney services.

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