Page 92 - FY 24 Budget Forecast at Adoption.xlsx

BUDGET ACTION SUMMARY

Changes in Projected Fund Balance of 10% or more from FY 2022-23 to FY 2023-24:

Keller Crime Control and Prevention District
 Decrease Fund Balance by 63.6%
o FY 2023-24 includs the use of fund balance $4.5M for the renovation of the Police
Station.
Street Improvement Fund
 Decrease Fund Balance by 13.3
o FY 2023-24 includes the use of fund balance of $250,000 for the Bancroft/Spring
Branch Reconstruction project.

Tax Increment Reinvestment Zone
 Increase Fund Balance by 566.5%
o New fund and add-ins for future capital projects.

Information Technology Fund
 Decrease Fund Balance by 20.3%
o FY 2023-24 includes the use of fund balance of $275,000 for one-time software
implementation and $120,000 for server repairs.

Fleet Replacement Fund
 Decrease Fund Balance by 20.6%
o FY 2023-24 includes the use of fund balance for the replacement of a fire engine.

Facility Capital Replacement Fund
 Decrease Fund Balance by 28.7%
o FY 2023-24 included the use of fund balance of $631,053 for Town Hall bathroom
remodel and Fire Station generators.

Non-Financial Changes from Prior Year:

This section describes changes that impact either line items or department budget amounts, but have a
neutral impact on the overall budget and therefore are considered non-financial:

Not Applicable

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