Page 78 - CityofKellerFY25Budget

FY 2024-25 Five-Year Operating Fund Outlook

General Fund

FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30

Revenues
Property Tax 20,639,943 20,869,559 21,117,094 21,295,628 21,906,047
Sales Tax 9,569,289 9,808,521 10,053,734 10,305,078 10,562,705
Other Taxes 5,223,991 5,380,711 5,542,132 5,708,396 5,879,648
Licenses and 776,267 760,741 745,527 730,616 716,004
Permits
Charges for 1,836,983 1,892,093 1,948,856 2,007,321 2,067,541
Service
Fines and Fees 691,262 691,262 691,262 691,262 691,262
Development Fees 137,300 134,554 131,863 129,226 126,641
Intragovernmental 1,774,133 1,827,357 1,882,177 1,938,643 1,996,802
Intergovernmental 4,566,095 4,703,078 4,844,170 4,989,495 5,139,180
Other Revenue 1,007,916 503,958 503,958 503,958 503,958
Transfers In - - - - -
Total Revenue $46,223,179 $46,571,834 $47,460,773 $48,299,623 $49,589,788

Expenditures
Personnel services 30,425,622 31,490,519 32,592,687 33,733,431 34,914,101
Operations & 3,258,585 3,323,757 3,390,232 3,458,036 3,527,197
maintenance
Services & other 10,125,019 10,428,770 10,741,633 11,063,882 11,395,799
Transfers to other 700,793 700,793 700,793 700,793 700,793
funds
Capital outlay 58,024 59,765 61,558 63,404 65,307
Future Anticipated 728,831 87,775 619,378 2,394,640 1,280,654
needs
Total $45,296,874 $46,091,378 $48,106,280 $51,414,187 $51,883,850
Expenditures

Variance $926,305 $480,456 $(645,506) $(3,114,564) $(2,294,062)

Five-Year Outlook Notes:

 FY 2025-26 includes a one-time transfer of $550,000 for sidewalk improvements and FY 2027-28 includes a
one-time transfer of $500,000 for Old Town Keller side street engineering.
 FY 2028-29 includes the purchase of a third frontline ambulance for $750,000, ambulance equipment of
$350,000 and the associated personnel of $1,000,000 begins in FY 2028-29. The cost has been included for
budget forecasting purposes, though actual need for a third ambulance will be based upon call volumes.
 FY 2025-26 includes one-time funding for street condition evaluation of $125,000 and annual pavement
marking program of $49,500.
 FY 2028-29 anticipates issuing $17 million in debt which would shift property tax from the General Fund
and negatively impacts fiscal years FY 2028-29 thru FY 2029-30. The forecast assumes the debt has a full
payment in the year it is issued and that the debt schedule includes standard annual payments. When
future debt is issued, it will likely be mid-year which will reduce the first-year obligation and annual
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