Page 365 - FY 24 Budget Forecast at Adoption.xlsx

Section 5: THAT, remaining ba! ances of all capital project appropriations at
September 30, 2023 shall be automatically re- appropriated into the
respective capital project in the 2023- 24 fiscal year in accordance with
the Financial Management policy regarding project life budgeting.

Section 6: THAT, in addition to the amounts provided above in Section 3 through
Section 5, the following capital projects costs are hereby authorized to
be funded in fiscal year 2023- 24 from new debt obligations:

Sports Park Revitalization 27, 000, 000
Old Town Keller East/ Elm Street Project 10, 000, 000
SWIFT Ph. 3 Project 4, 060, 000

Section 7: THAT, impact fee funds of the City of Keller, Texas are considered non-
operating funds and are expressly limited or restricted to specific uses
in the City of Keller Code of Ordinances or State law, therefore, no
specific annual appropriation is provided; transfers of impact fees to
capital improvement projects are hereby appropriated in fiscal year
2023- 24 for the following purposes:

ROADWAY IMPACT FEE FUND: Revenues are derived from roadway
impact fees assessed on new development within the City, and
expenditures are restricted to roadway capital improvement projects
and/ or debt service costs related to specific roadway capital
improvement projects. The following capital projects costs are hereby
appropriated to be transfer in fiscal year 2023-24 from the Roadway
Impact Fee Fund:

Mt. Giiead Reconstruction 512, 500
Total 512, 500
WATER IMPACT FEE FUND: Revenues are derived from water impact
fees assessed on new development within the City, and expenditures
are restricted to water capital improvement projects and/ or debt service
costs related to specific water capital improvement projects. The
following capital projects costs are hereby appropriated to be transfer in
fiscal year 2023- 24 from the Water Impact Fee Fund:

N/ A
Total

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