Page 54 - CityofKellerFY25Budget

FY 2024-25 STATISTICAL ANALYSIS

This statistical analysis summarizes the FY 2024-25 Adopted Budget by providing a summary of the
revenue and expenditures of the city’s various funds, and a comparison to FY 2023-24 budget and year-
end projections.

GENERAL FUND

Revenue Assumptions: General Fund Revenues

The budget takes a conservative Intragovernmental
approach in dealing with revenues, 3.8% Other Revenue
2.9%
especially growth-oriented
revenues. Adopted revenues for Intergovernmental
FY 2024-25 are $45,805,604, and 9.7%
assume an overall increase of
3.79% over the FY 2023-24 budget
and an overall decrease of 0.26% Charges for
Services
from FY 2023-24 projections. The 3.9% Property Taxes
44.6%
city’s General Fund operations are Licenses and
derived from eight major revenue Permits
categories, with ad valorem tax 1.7%
being the largest category at Fines and Fees
1.5%
44.6% and sales and other taxes
the second largest at 31.6%. The Development
Fees
pie chart shows the revenue 0.3%
percentage breakdown by
category, and the bar graph shows
Sales Tax &
the growth of ad valorem tax, sales Other Taxes
and all other revenues over five 31.6%
years.
22,000,000.00
20,000,000.00

18,000,000.00
16,000,000.00
14,000,000.00
12,000,000.00

10,000,000.00
8,000,000.00
6,000,000.00
4,000,000.00

2,000,000.00
-
FY 2020-21 Actual FY 2021-22 Actual FY 2023-24 Budget FY 2023-24 FY 2024-25
YE Proj. Adopted Budget
Property Tax Sales Tax Other Revenue

52