Page 363 - CityofKellerFY25Budget

Section 5: THAT, remaining balances of all capital project appropriations at
September 30, 2024 shall be automatically re-appropriated into the
respective capital project in the 2024-25 fiscal year in accordance with
the Financial Management policy regarding project life budgeting.

Section 6: THAT, in addition to the amounts provided above in Section 3 through
Section 5, the following capital projects costs are hereby authorized to
be funded in fiscal year 2024-25 from new debt obligations:

No planned, new debt obligations $ N/A

Section 7: THAT, impact fee funds of the City of Keller, Texas are considered non-
operating funds and are expressly limited or restricted to specific uses
in the City of Keller Code of Ordinances or State law, therefore, no
specific annual appropriation is provided; transfers of impact fees to
capital improvement projects are hereby appropriated in fiscal year
2024-25 for the following purposes:

ROADWAY IMPACT FEE FUND: Revenues are derived from roadway
impact fees assessed on new development within the City, and
expenditures are restricted to roadway capital improvement projects
and/or debt service costs related to specific roadway capital
improvement projects. The following capital projects costs are hereby
appropriated to be transfer in fiscal year 2024-25 from the Roadway
Impact Fee Fund:
Mt. Gilead Reconstruction $ 1,350,000
Total $ 1,350,000
WATER IMPACT FEE FUND: Revenues are derived from water impact
fees assessed on new development within the City, and expenditures
are restricted to water capital improvement projects and/or debt service
costs related to specific water capital improvement projects. The
following capital projects costs are hereby appropriated to be transfer in
fiscal year 2024-25 from the Water Impact Fee Fund:

N/A $ -
Total $ -

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