Page 75 - FY 24 Budget Forecast at Adoption.xlsx

Keller Crime Control and Prevention District Fund

FY 2023-24 Revenues $2,445,115
Compared to $ Growth % Growth
FY 2022-23 Budget $195,217 8.7 %
FY 2022-23 Projection $82,984 3.5 %

FY 2023-24 Expenditures $7,139,159
Compared to $ Growth % Growth
FY 2022-23 Budget $4,804,962 205.9 %
FY 2022-23 Projection $4,803,760 205.7 %

Revenues – Expenditures $(4,694,044)

The Keller Crime Control Prevention District Fund, created in FY 2001-02, is supported by the voter-
approved crime control district 1/4-cent sales tax option. KCCPD sales tax revenue is anticipated to
increase by 3.5% from year-end projections. The fund is used for ongoing expenditures such as software
and accreditation costs; one-time expenditures such as vehicles and building repairs; and the debt
payments for the Police Station, and will fluctuate from year to year based upon capital expenditure
needs. For FY 2023-24, funding includes the purchase of replacement vehicles at $706,934, body and
fleet cameras for $230,000, and a police station renovation project for $4.5 million. The renovations will
reconstruct 6,000 square feet, build a 1,000-square-foot addition, upgrade 16,000 square feet of finish-
outs, and ad staff parking. The project is anticipated to be completed in late 2024 or early 2025.

Debt Service Fund

FY 2023-24 Revenues $ 4,061,596
Compared to $ Growth % Growth
FY 2022-23 Budget $ 276,152 7.3 %
FY 2022-23 Projection $ 183,741 4.7 %

FY 2023-24 Expenditures $ 3,996,592
Compared to $ Growth % Growth
FY 2022-23 Budget $ 254,298 6.8 %
FY 2022-23 Projection $ 254,298 6.8 %

Revenues – Expenditures $ 65,004

The Debt Service Fund is funded through the collection of the interest and sinking portion of the tax rate,
which is Adopted to be $0.051597/$100. The levy is used to fund debt that has been issued by the city
for general purposes and anticipated to be funded through tax dollars. The city is anticipating issuing $15
million in debt during FY 2023-24 related to the Old Town Keller/Elm Street projects.

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