Page 65 - Microsoft Word - FY 2021 tax info sheet

$100,000. FY 2020-21 included one-time capital project fund transfers for the Nightingale culvert project
for $325,000 and a drainage master plan update project for $200,000

Keller Development Corporation Fund

FY 2021-22 Revenues $3,637,996
Compared to $ Growth % Growth
FY 2020-21 Budget $ 331,804 10.0%
FY 2020-21 Projection $ 43,904 1.2%

FY 2021-22 Expenditures $3,636,599
Compared to $ Growth % Growth
FY 2020-21 Budget $ 326,878 9.9%
FY 2020-21 Projection $ 471,565 15.0%

Revenues – Expenditures $1,397

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. FY2021-22
includes one-time capital transfers for Keller Sports Park Parking Lot Improvements to the softball lot for
$790,000, Old Town Keller East/Bates St. project for $685,000, Chase Oaks Activity Node Playground
Replacement project for $110,000. It also includes transfers for future trail system expansion for $302,500
and parks capital replacement program for $100,000. FY 2020-21 included 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, Bursey Ranch playground
replacement for $100,000, Sports Park Master Plan for $77,500, and Matching Grant Funds for $64,487.
In addition to the one-time capital transfers, FY2020-21, also included the annual trail system expansion
for $275,000 and the parks capital replacement program for $100,000.

The Keller Pointe Fund

FY 2021-22 Revenues $3,029,742
Compared to $ Growth % Growth
FY 2020-21 Budget $378,520 14.3%
FY 2020-21 Projection $440,673 17.0%

FY 2021-22 Expenditures $3,286,383
Compared to $ Growth % Growth
FY 2020-21 Budget $ 269,239 8.9%
FY 2020-21 Projection $1,030,564 45.7%

Revenues – Expenditures $(256,641)

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 2021-22 year-end projections. In FY 2021-22 revenues are expected to bounce back up to near
Pre-COVID 19 levels. The Marketing Specialist position from part-time (0.5 FTE) to full-time (1.0 FTE).

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