Page 365 - CityofKellerFY25Budget

HOTEL/MOTEL OCCUPANCY FUND: Revenues are derived from
hotel occupancy taxes and expenditures are specifically designated by
State Law. Because of the limited use of the tax and economic
development agreement, no annual appropriation budget is prepared.

SINGLE NON-PROFIT TRUST FUND: Revenues are derived from
withholdings from employees for health and life insurance premium
deductions, and transfers of City-paid health and life insurance benefits
on behalf of employees. Revenues are specifically designated for
payment of third-party health and life indemnity insurance premiums.
Because withholdings from employees for health and life insurance
premium deductions are non-budgeted cash outlays, and further, that
the cost of City-paid insurance premiums for employees is already
provided within the budgets of the respective and various funds of the
City, no annual budget appropriation is necessary for this fund.

TREE RESTORATION FUND: Revenues are derived from various
sources and are specifically designated for tree new and replacements
on city grounds. Because of the uncertainty of annual revenues, no
annual appropriation budget is prepared.

GRANT SPECIAL REVENUE FUND: Revenues are derived primarily
from various grants, in particular, federal and state agency grants which
are designated for specifically related expenditures. Because of the
uncertainty of annual revenues, no annual appropriation budget is
prepared.

Section 9: THAT, unless related to a project-life expenditure, all appropriations
shall lapse at the end of each respective fiscal year.

Section 10: THAT, the 2024-25 City of Keller Fee Schedule provided in the budget
document is hereby adopted for fiscal year 2024-25.

Section 11: THAT, should any part, portion, section, or part of a section of this
Ordinance be declared invalid, or inoperative, or void for any reason by
a court of competent jurisdiction, such decision, opinion, or judgment
shall in no way affect the remaining provisions, parts, sections, or parts
of sections of this Ordinance, which provisions shall be, remain, and
continue to be in full force and effect.

Section 12: THAT, all ordinances and appropriations for which provisions have
heretofore been made are hereby expressly repealed if in conflict with
the provisions of this Ordinance.

AND IT IS SO ORDAINED.

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