Page 281 - CityofKellerFY25Budget
P. 281

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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