Page 83 - Microsoft Word - FY 2021 tax info sheet

BUDGET ACTION SUMMARY

Changes from the FY 2021‐22 Proposed Budget to the FY 2021‐22 Adopted Budget:

The FY 2021‐22 Proposed Budget included total operating revenues of $93,199,128 and operating
expenditures of $100,028,492. The FY 2021‐22 Adopted Budget includes operating revenues of
$93,199,128 and operating expenditures of $100,247,944 — an increase of $219,452. The following
bullets outline the changes between the Proposed Budget and the Adopted Budget:

General Fund
 Increased expenditures in Economic Development by $56,000 related to way‐finding signs PO
rollover costs.
 Increased expenditures in Police‐Operations by $11,342 related to ammunition PO rollover
costs.
 Increased expenditures in Police‐Animal Control by $10,597 related to air conditioning system
repair PO rollover costs.
 Increased expenditures in Parks and Recreation ‐ Parks Maintenance by $5,076 related to
playground equipment PO rollover costs.
PEG Channel Fund
 Increased expenditures by $17,000 related to Council chamber improvement PO rollover
costs.
 Increased expenditures by $66,000 related to broadcast camera and audio improvements PO
rollover costs.
Information Technology Fund
 Increased expenditures by $15,379 related to computer equipment PO rollover costs.
Fleet Replacement Fund
 Increased expenditures by $38,057 related to rollover costs from an undelivered utility truck
from FY 2020‐21 and undelivered positive pressure ventilation (ppv) fan for the fire
department.
Water‐Wastewater Capital Improvement Projects Fund
 Increased project spending by $2,875,000 related to the American Rescue Plan Act funding
to be used on various water system improvements.

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

Keller Development Corporation Fund
 Increased Fund Balance by 11.5%
o The FY 2020‐21 sales tax is higher than anticipated which is adding to increased fund
balanced.
Recreation Special Revenue Fund
 Decreased Fund Balance by 27.9%
o Declines in revenue in FY 2020‐21 can be attributed to closures and cancellations as
a result of the COVID‐19.
Municipal Court Special Revenue Fund
 Decreased Fund Balance by 13.7%
o Fines and forfeitures revenue activity continues to decline.
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
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