Page 84 - Microsoft Word - FY 2021 tax info sheet

BUDGET ACTION SUMMARY

 Decreased Fund Balance by 33.0%
o FY 2020‐21 includes one‐time software funding of $520,324.
The Keller Pointe Fund
 Increased Fund Balance by 27.5%
o FY 2020‐21 budget based upon continued negative impacts of COVID‐19, however,
Pointe returned to normal operation mid‐year.
Self‐Insurance Fund
 Increased Fund Balance by 26.3%
o FY 2020‐21 includes one‐time transfer of $1M related to salary savings from the
General Fund to provide fund balance for new self‐insurance fund.
Street and Sidewalk Improvements Fund
 Increased Fund Balance by 40.2%
o The FY 2020‐21 sales tax is higher than anticipated which is adding to increased fund
balanced.
Fleet Replacement Fund
 Increased Fund Balance by 37.7%
o This fund is used to cash fund facility capital replacements and repairs. For FY 2020‐
21, the fund will add to fund balance for future replacements.
Facility Capital Replacement Fund
 Increased Fund Balance by 19.3%
o This fund is used to cash fund facility capital replacements and repairs. For FY 2020‐
21, the fund will add to fund balance for future replacements and repairs.
Water‐Wastewater Utility Fund
 Decreased Fund Balance by 28.9%
o FY 2020‐21 was a very wet year which significantly reduced water sale revenues.
Drainage Utility Fund
 Decreased Fund Balance by 12.9%
o FY 2020‐21 included one‐time transfers to the Drainage CIP fund for the Nightingale
culvert project of $368,000 and the Drainage Master Plan project of $200,000.

Changes in Projected Fund Balance of 10% or more from FY 2020‐21 to FY 2021‐22:

General Fund
 Decreased Fund Balance by 18.7%
o FY 2021‐22 includes use of fund balance for $7.5M in one‐time Street and Sidewalk
Capital Improvement projects.
Municipal Court Special Revenue Fund
 Increased Fund Balance by 13.1%
o FY 2021‐22 assumes revenues return to pre‐COVID levels and court technology costs
has been moved to the General Fund.
Public Education and Government Cable Franchise Fee Fund
 Decreased Fund Balance by 15.9%
o FY 2021‐22 includes one‐time projects for broadcast improvements and Council
Chamber carpet.
Keller Pointe Fund
 Decreased Fund Balance by 21.6%
o FY 2021‐22 includes the use of fund balance for the purchase of replacement cardio
equipment and repairing the indoor pool deck.
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