To: Mark R. Hafner, City Manager
From: Aaron Rector, Director of Administrative Services
Subject:
Title
Consider a resolution receiving the Keller Quarterly Financial Report for period ending June 30, 2022, 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 June 30, 2022, year-to-date operating revenues are $76,425,439 or 82.0% of budget and operating expenditures are $66,486,671 or 66.3% of budget. In the General Fund, revenues are $36,139,607 or 89.5% of budget and expenditures are $31,440,212 or 69.2% of budget. In the Water-Wastewater Utility Fund, revenues are $20,212,174 or 71.7% and expenditures are $18,598,095 or 66.0%. Overall revenues and expenditures are in-line with expectations and follow prior year trends.
Financial Impact:
N/A.
Citizen Input/Board Review:
The Keller Finance Committee reviewed and approved the financial report on August 16, 2022.
Legal Review:
None.
Alternatives:
City Council has the following alternatives:
- Approve as submitted
- Approve with changes
- Denial