Page 91 - FY 24 Budget Forecast at Adoption.xlsx
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BUDGET ACTION SUMMARY


               Changes from the FY 2023-24 Proposed Budget to the FY 2023-24 Adopted Budget:

               The FY 2023-24 Proposed Budget included a total operating revenue of $102,766,933 and an operating
               expenditure  of  $108,692,404.  The  FY  2023-24  Adopted  Budget  includes  operating  revenue  of
               $102,766,933 and operating expenditures of $109,204,129 – an increase of $511,725. The bullets outline
               the changes between the Proposed Budget and the Adopted Budget:

               General Fund
                     Increased expenditures in Fire Administration by $436,881 related to PO rollovers:
                          o  Fire station generators for $261,053.
                          o  Fire engine suspension replacement for $125,000
                          o  Bunker gear for $34,287
                          o  Fire equipment for $8,541
                          o  Air conditioning for CERT Truck for $8,000
                     Increased expenditures in Economic Development by $44,480 related to a façade grant.
                     Addition of $30,000 to the Park Fund for Special Events

               Changes in Projected Fund Balance of 10% or more from FY 2021-22 to FY2022-23

               Keller Development Corporation Fund
                     Decrease in Fund Balance by 35.3%
                          o  FY 2022-23 included the use of fund balance of $700k for the Town Hall Water
                              Features,  $400k  in  Bear  Creek  Park  Improvements,  and  $380k  for  Parking  Lot
                              Improvements for the Keller Sports Park.

               The Keller Pointe Fund
                     Increase in Fund Balance by 114.6%
                          o  FY  2022-23  included  one-time  revenue  ARPA  recovery  funds  of  $698,718  and
                              membership fee increases of approximately 4.0%.

               Street and Sidewalk Improvements Fund
                     Decrease in Fund Balance by 14%
                          o  FY 2022-23 included the use of fund balance of $2.1M for Street Reconstruction
                              project

               Recreation Special Revenue Fund
                     Increase in Fund Balance by 25.5%
                          o   Increase in Events services provided for the citizens.

               Fleet Replacement Fund
                     Decrease in Fund Balance by 21.8%
                          o  FY 2022-23 included the use of fund balance of $1.48M for the purchase of a ladder
                              truck.

               Facility Replacement Fund
                     Increase in Fund Balance by 10.6%
                          o  FY 2022-23 included the use of fund balance for the purchase of generators for the
                              MSC.
                          o  AC replacements at various facilities at a cost of $903,200

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