Page 281 - CityofKellerFY25Budget
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STREET AND SIDEWALK IMPROVEMENTS FUND
FUND DESCRIPTION:
The Street/Sidewalk/Drainage Improvements fund is a recurring capital project fund, funded from the street maintenance sales
tax effective November 2019, developer sidewalk fees, street assessments and transfers from other funds. Street
assessments are generally transferred to the Debt Service Fund for retirement of debt issued to fund the related street
improvement. Expenditures are designated for street, sidewalk, and drainage improvements.
REVENUE SUMMARY
FY 2024-25
FY 2022-23 FY 2023-24 FY 2023-24 Adopted Budget
REVENUES Actual Budget YE Proj. Budget Variance ($)
City Sales Taxes $ 2,358,917 $ 2,345,414 $ 2,345,414 $ 2,345,414 $ –
Sidewalk Fees 16,500 – 50,582 – –
Miscellaneous Revenue – – – – –
Interest Revenue-Investments 65,835 11,483 128,203 128,203 116,720
Use Of Fund Balance – – – – –
TOTAL $ 2,441,252 $ 2,356,897 $ 2,524,199 $ 2,473,617 $ 116,720
EXPENDITURE SUMMARY
FY 2024-25
FY 2022-23 FY 2023-24 FY 2023-24 Adopted Budget
EXPENDITURES BY CATEGORY: Actual Budget YE Proj. Budget Variance ($)
Personnel services $ – $ – $ – $ – $ –
Operations & maintenance 8,500 10,000 10,000 10,000 -
Services & other – – – – –
Transfers to other funds 2,100,000 2,595,414 2,595,414 2,895,414 300,000
Capital outlay – – – – –
TOTAL $ 2,108,500 $ 2,605,414 $ 2,605,414 $ 2,905,414 $ 300,000
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