Page 71 - CityofKellerFY25Budget

Keller Development Corporation Fund

FY 2024-25 Revenues $4,919,483
Compared to $ Growth % Growth
FY 2023-24 Budget $ 162,041 3.4 %
FY 2023-24 Projection $ 4,000 0.1 %

FY 2024-25 Expenditures $4,923,180
Compared to $ Growth % Growth
FY 2023-24 Budget $ (1,492,617) (23.3) %
FY 2023-24 Projection $ (1,271,931) (20.5) %

Revenues – Expenditures $ (3,697)

The KDC is a voter-approved 1/2-cent sales tax option dedicated to funding capital projects for park and
recreation improvements. Projected revenue for year-end is anticipated to increase slightly. For FY 2024-
25, the budget includes $1.62 million for the Sports Park Revitalization project, $400,000 for trail system
expansion, and $100,000 for Park Shade Structures. FY 2023-24 included one-time capital transfers for
the Keller Sports Park Playground Replacement for $300,000, a Splash Pad project for $750,000, and
funding for future trail system expansion for $750,000. KDC also issued $28 million in debt related to the
Sports Park Revitalization project in FY 2023‐24.

The Keller Pointe Fund

FY 2024-25 Revenues $3,391,666
Compared to $ Growth % Growth

FY 2023-24 Budget $288,860 9.3 %
FY 2023-24 Projection $157,670 4.9 %

FY 2024-25 Expenditures $3,335,399
Compared to $ Growth % Growth
FY 2023-24 Budget $ 234,146 7.6 %
FY 2023-24 Projection $ (11,981) (0.4) %

Revenues – Expenditures $56,267

The Keller Pointe is an enterprise function intended to be a self-supporting operation; therefore, the
revenues generated by the facility should fully support its direct operating costs. The primary source of
revenue is generated through memberships and pass sales, with the second largest revenue source
being programs. The FY 2024-25 budget includes an increase of personal training revenue by $84,000
as a result of the relaunch of personal training at the Pointe, as well as an increase in party revenue by
$50,000 due to increases in birthday parties since the COVID-19 pandemic. Along with the uptick in
birthday party bookings, the cost associated with putting together events has grown. This growth
accounts for the increase in this area.

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