Page 72 - CityofKellerFY25Budget

Information Technology Fund

FY 2024-25 Revenues $3,757,065
Compared to $ Growth % Growth
FY 2023-24 Budget $1,076,879 40.2 %
FY 2023-24 Projection $1,014,990 37.0 %

FY 2024-25 Expenditures $3,809,991
Compared to $ Growth % Growth
FY 2023-24 Budget $690,587 22.1 %
FY 2023-24 Projection $771,307 25.4 %

Revenues – Expenditures $ (52,926)

The Information Technology Fund accounts for citywide information services/information technology
operations and is an Internal Service Fund. It is supported by transfers from departments within other
operating funds based upon a ratio of computer equipment and actual costs of specialized software or
equipment. The expenditures vary annually based upon the computer and technology replacement
schedule. FY 2023-24 carried over $270,000 as the city continued the implementation process of the
community development software. The FY 2024-25 Adopted Budget allocates $900,000 for new public
works work-order software of which $773,700 is a one-time cost. The costs for the new software will be
split equally between the General Fund and the Water & Wastewater Fund.

Self-Insurance Fund

FY 2024-25 Revenues $4,942,771
Compared to $ Growth % Growth
FY 2023-24 Budget $(364,815) (6.9) %
FY 2023-24 Projection $(285,336) (5.5) %

FY 2024-25 Expenditures $4,740,658
Compared to $ Growth % Growth
FY 2023-24 Budget $ 100,080 2.2 %
FY 2023-24 Projection $ 387,756 8.9 %

Revenues – Expenditures $ 202,113

The Self Insurance Fund is an Internal Service Fund that uses revenues to pay for premiums for city
employees and expenditures are used for claims and claims administration. This is the fourth year the
fund is in use to pay for employee health coverage. Prior to FY 2021-22, the fund received salary savings
to create a starting fund balance of $4,642,147, or the equivalent of a year of health insurance. The fund
gives the city greater control over healthcare costs, and allows the money dedicated to healthcare to stay
in the city’s budget rather than being paid to a health insurance company.

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