Page 89 - CityofKellerFY25Budget

BUDGET ACTION SUMMARY

Keller Crime Control and Prevention District
 Decrease Fund Balance by 54.6%
o FY 2023-24 reflects CIP transfer out expenditures related to the Police Department
Renovation project of $4.5M.

Debt Service Fund
 Increase Fund Balance by 25.1%
o FY 2023-24 anticipated a full year of debt service for the Elm St. project, however,
only a half year payment was required.

Information Technology
 Decrease Fund Balance by 13.2%
o FY 2023-24 included the use of Fund Balance of $275,000 for one-time Enterprise
Permitting & Licensing software implementation for the community development
department and $120,000 for server repairs.

Municipal Court Special Revenue Fund
 Increase in Fund Balance by 18.7%
o FY 2023-24 reflects an increase in revenue from technology fines, building security
fines, and truancy fines.

Tax Increment Reinvestment Zone
 Increase Fund Balance by 530.1%
o This was a new fund and additional funds were added to the Fund Balance for future
capital projects.

Self-Insurance Fund
 Increase in Fund Balance by 12.5%
o Vacancy savings created less demand on insurance fund and a one-time transfer of
$750,000 at year-end to offset future cost increases.

Fleet Replacement Fund
 Increase in Fund Balance by 17.9%
o FY 2023-24 reflects a decrease in expenditures due to delivery delays of a
replacement Fire Pumper.

Facility Replacement Fund
 Increase in Fund Balance by 10.3%
o FY 2023-24 reflects an increase in Fund Balance due to insurance reimbursement for
roof repairs at Town Hall and Keller Pointe.

Changes in Projected Fund Balance of 10% or more from FY 2023-24 to FY 2024-25:

General Fund
 Decrease of Fund Balance by 13.5%
o FY 2024-25 includes one-time expenditures for Sports Park Road Reconstruction, Mt.
Gilead Reconstruction, and Pavement Markings.
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