Page 61 - CityofKellerFY25Budget

Transfers to other funds: FY 2024-25 Budget $6,805,667
% of Fund Expenditures 13.6 %

Compared to $ Growth % Growth
FY 2023-24 Budget $3,940,000 137.5 %
FY 2023-24 Projection $3,940,000 137.5 %

Transfers to other funds reflects the annual Facility Equipment Replacement Fund transfer from the
General Fund for $243,067, the annual Recreation Special Revenue transfer for $127,600, and the
transfer of $6.4 million to capital project funds for the General Fund cash funding of various capital
projects. In FY 2024-25, the General Fund includes one-time fund transfers for the Sports Park Road
Reconstruction for $2.86 million, Mt. Gilead reconstruction for $1.35 million, Pavement Markings for
$700,000, Sidewalk Improvements for $550,000, Bear Creek Bridge Erosion protection for $400,000, and
Alley Rehab design for $250,000. The FY 2024-25 budget also includes $325,000 for sidewalk repairs,
which increases by 10% each year. In FY 2023-24, the General Fund funded Pavement markings for
$700,000, Old Town Keller/Elm St project for $680,000, Mt. Gilead reconstruction for $512,500, Sidewalk
repairs for $302,500, Signal Modifications for $200,000, and Tarrant Pkwy right turn dedications for
$100,000.

Capital Outlay: FY 2024-25 Budget $58,024
% of Fund Expenditures 0.1 %

Compared to $ Growth % Growth
FY 2023-24 Budget $2,424 4.36 %
FY 2023-24 Projection $ - - %

Capital outlay includes expenditures for new assets, or replacements or improvements to existing assets
over $5,000 and anticipated useful life over one year. Capital outlay expenditures for FY 2024-25 are
$58,024 for the replacement of an outdoor warning siren and pole. FY 2023-24 expenditures included
$47,600 for an outdoor warning siren replacement.

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