To: Aaron Rector, City Manager
From: Bryan Rebel, Chief Financial Officer
Subject:
Title
Consider a resolution receiving the Keller Quarterly Financial Reports for periods ending March 31, 2026 and June 30, 2026 and providing an effective date.
Action Requested:
Consider a resolution receiving the Keller Quarterly Financial Reports for periods ending March 31, 2026 and June 30, 2026 and providing an effective date.
Background:
The Keller Quarterly Financial Report provides an update on actual operating revenue and expenditure activity in comparison to budget. As of March 31, 2026, year-to-date operating revenues are $63,459,784 or 58.8% of budget and operating expenditures are $51,827,934 or 46.6% of budget. In the General Fund, revenues are $32,619,802 or 71.1% of budget and expenditures are $21,217,095 or 44.9% of budget. In the Water-Wastewater Utility Fund, revenues are $14,649,313 or 45.3% and expenditures are $14,889,842 or 46.3%. Overall revenues and expenditures are in-line with expectations and follow prior year trends.
The Keller Quarterly Financial Report provides an update on actual operating revenue and expenditure activity in comparison to budget. As of June 30, 2026, year-to-date operating revenues are $82,672,040 or 76.6% of budget and operating expenditures are $73,227,161 or 67.1% of budget. In the General Fund, revenues are $38,781,767 or 84.5% of budget and expenditures are $32,885,296 or 69.6% of budget. In the Water-Wastewater Utility Fund, revenues are $21,647,186 or 66.9% and expenditures are $20,369,744 or 63.3%. Overall revenues and expenditures are in-line with expectations and follow prior year trends.
Citizen Input/Board Review:
The Keller Finance Committee reviewed and approved the financial reports on September 15, 2026.
Alternatives:
City Council has the following alternatives:
- Approve as submitted
- Approve with changes
- Denial
Council Action:
Staff recommends approval as submitted.