Page 80 - CityofKellerFY25Budget

FY 2024-25 Five-Year Operating Fund Outlook

Keller Development Corporation (KDC Fund)

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

Revenues
Sales Tax 4,784,645 4,904,261 5,026,867 5,152,539 5,281,352
Charges for Service 31,000 31,000 31,000 31,000 31,000
Other Revenue 124,135 62,067 62,067 62,067 62,067
Total Revenue $4,852,777 $4,973,957 $5,098,174 $5,225,505 $5,356,028

Expenditures
Operations & 128,750 132,613 136,591 140,689 144,909
maintenance
Services & other 49,486 50,971 52,500 54,075 55,697
Debt Service 2,598,069 2,599,394 2,597,319 2,601,769 2,602,419
Transfers to other 2,720,616 600,000 750,000 700,000 750,000
funds
Capital outlay - - - - -
Future Anticipated - - - - -
needs
Total Expenditures $5,496,921 $3,902,977 $4,056,410 $4,016,533 $4,073,026

Variance $(557,142) $1,094,350 $1,063,524 $1,229,073 $1,301,394

Five-Year Outlook Notes:

 The KDC fund typically cash funds large parks and recreation capital projects but may also issue debt for
larger capital projects. During FY 2020-21, City Council created a Keller Sports Park Task Force with
participants from the Council, the Parks and Recreation Board, and representatives from various leagues
and user groups. Together, this task force has reviewed the Keller Sports Park Master Plan and
recommended updates to transform it into a premier destination addressing current and future sporting
needs. The FY 2023-24 budget included the issuance of $28,000,000 related to the Sports Park project.
 Starting in FY 2024-25, the trail expansion project funding increases $50,000 annually. The FY 2024-25
funding shows $400,000 and will increase to $650,000 by FY 2029.
 Starting in FY 2024-25, the KDC fund will alternate annual funding to add shade structures to playgrounds
and replace playground equipment. In prior years, KDC has replaced playground equipment each year,
however, most equipment has been replaced so annual replacements are longer needed. FY 2024-25 will
be the first year for adding a shade structure, and the location will be determined during the year.
 FY 2025-26 includes the last KDC cash-funding for the Sports Park revitalization project.

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