Page 351 - CityofKellerFY25Budget

ROADWAY IMPACT FEE FUND

FUND DESCRIPTION:
This fund is used to account for resources received from roadway impact fees which are determined by the type and size of new
development. Expenditures are restricted for roadway improvements based upon new development impact and are transferred
to the Streets CIP fund. The fund revenues and expenditures are not considered operating funds and shown for informational
purposes only. In the City's Annual Comprehensive Financial Report (ACFR), the fund is presented as a capital improvement
fund.

REVENUE SUMMARY

FY 2024-25
FY 2022-23 FY 2023-24 FY 2023-24 Adopted Budget
REVENUES: Actual Budget YE Proj. Budget Variance ($)
Roadway Impact Fees $ 175,124 $ – $ 187,653 $ – $ –
Interest Earnings 224,340 – 199,769 – –

TOTAL $ 399,464 $ – $ 387,422 $ – $ –

EXPENDITURE SUMMARY

FY 2024-25
FY 2022-23 FY 2023-24 FY 2023-24 Adopted Budget
EXPENDITURES BY DIVISION: Actual Budget YE Proj. Budget Variance ($)
Services & other $ 9,260 $ – $ – $ – -
Street Improvements 5,000,000 - 512,000 1,350,000 1,350,000
TOTAL $ 5,009,260 $ – $ 512,000 $ 1,350,000 $ 1,350,000

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