Page 125 - CityofKellerFY25Budget

FINANCE & ACCOUNTING DEPARTMENT

FY 2024-25
FY 2022-23 FY 2023-24 FY 2023-24 Adopted

PERFORMANCE INDICATORS Actual Budget YE Proj. Budget
Accounting Activities:
Avg # of Days for bank reconciliation 35 40 40 40
% of Voided checks to checks issued 1.18% <1% 0.66% <1%
Budgeting Activities:
General Fund Exp. Budget Vs. Actual % 4% 0.50% 15% 5%
Investing/Banking Activities:
Avg Weighted Investment Yield to 4.32% 1.50% 5.37% 5%
% of Funds invested long-term 36% 40% 40% 40%
Percentage of taxes collected (services to
be provided by the Tarrant County Tax 99.25% 99.25% 99.25% 99.25%
Assessor/Collector)
Average market residential value $547,966 $529,254 $529,254 $591,269
Average taxable residential value $438,885 $387,603 $387,603 $471,929
Ratio of taxable to appraised value 80% 73% 73% 80%

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