Page 88 - CityofKellerFY25Budget

BUDGET ACTION SUMMARY

Changes from the FY 2024-25 Proposed Budget to the FY 2024-25 Adopted Budget:

The FY 2024-25 Proposed Budget included a total operating revenue of $107,291,466 and an operating
expenditure of $112,801,478. The FY 2024-25 Adopted Budget includes operating revenue of
$107,152,938 and operating expenditure of $114,795,525 – an increase of $1,994,047. The outline below
are the changes between the Proposed Budget and the Adopted Budget:

General Fund
 Increased expenditures in Fire Operations by $8,541 related to a PO rollover for fire
equipment and hoses.
 Increased expenditures in Public Works by $189,500 related to a PO rollover for traffic
detection equipment.
 Increased expenditures in Economic Development by $30,000 related to façade grants.

Information Technology Fund
 Increased expenditures in Information Technology by $24,000 related to asset management
RFP.

Fleet Replacement Fund
 Increased expenditures in Fire Operations by $1,058,791 related to a PO rollover of a Fire
Pumper.

Keller Point Capital Replacement Fund
 Increased expenditures by $79,873 related to a PO rollover regarding a sanitation system.

Water-Wastewater Utility Fund
 Increased expenditures by $152,475 related to a PO rollover regarding LCRR compliance.
 Increased expenditures by $9,408 related to a PO rollover regarding a water & drought
contingency plan.
 Increased expenditures by $450,000 for the Pearson Pump replacement project.

Water-Wastewater Capital Fund
 Increased expenditures by $450,000 for the Pearson Pump replacement project.

Changes in Projected Fund Balance of 10% or more from FY 2022-23 to FY2023-24

Water and Wastewater Fund
 Increase in Fund Balance by 11.8%
o FY 2023-24 reflects an increase in interest income and lower TRA costs due to
reduced usage.

Keller Development Corporation Fund
 Decrease in Fund Balance by 34.7%
o FY 2023-24 reflects a one-time transfer for $1.62M for the Sports Park Revitalization
project.

The Keller Pointe Fund
 Decrease in Fund Balance by 13.5%
o FY 2023-24 reflects the use of Fund Balance to cover higher than anticipated banking
services charges and recreation program expenses.
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