To: Mayor and Council
From: Aaron Rector, Interim City Manager
Subject:
Title
PUBLIC HEARING: Consider an ordinance adopting the annual budget for the City of Keller, Texas, for the Fiscal Year beginning October 1, 2024 and ending September 30, 2025, including the 2024-25 Capital Improvements Program, and adopting the Fiscal Year 2024-25 Fee Schedule for the City of Keller, Texas.
Action Requested:
Conduct a public hearing and consider approval of an Ordinance to adopt the Fiscal Year (FY) 2024-25 Operating Budget, Capital Improvements Program (CIP), and Fee Schedule.
Background:
In accordance with Section 8.04 of the Keller City Charter, the City must conduct a public hearing on the proposed annual budget prior to the vote to adopt the budget.
The total FY 2023-24 Proposed Operating Budget expenditures are $114,795,525, an increase of $3,921,780 or 3.54 percent from the FY 2023-24 Amended Budget. Included in the Proposed Budget is one-time funding of $2,860,000 for Sports Parkway Road Reconstruction, $1,620,616 for Sports Park Revitalization project, $1,350,000 for Mt. Gilead Road Reconstruction, $1,058,791 for a replacement Fire Pumper, and $700,000 for pavement markings. The published Proposed Operating Budget expenditures were $112,801,478 or $1,994,047 lower than the current proposed budget. The increase is related to adding a pump replacement at the Pearson Pump Station for $450,000 and re-appropriations of $1,544,047 including the fire pumper for $1,058,791, traffic signal equipment for $189,500, and LCRR compliance assistance for $152,475.
The Proposed Capital Budget is $23,351,030 and of which $15,761,030 is cash-funded by the City and $7,590,000 is provided a cost-share with Tarrant County. The Proposed Capital Budget increased by $450,000 from the published proposed budget for the pump replacement at the Pearson Pump Station.
The FY 2024-25 Proposed Budget adoption ordinance provides the amount of expenditures for each individual operating and capital project fund.
Financial Impact:
The annual budget is necessary to fund the operations for the City of Keller.
Citizen Input/Board Review:
-The Keller Crime Control and Prevention Board reviewed and approved the Keller Crime Control and Prevention District budget on June 26, 2024. The City Council conducted the required public hearing for the Crime Control budget on July 17, 2024.
-The Keller Development Corporation Board reviewed and approved the Keller Development Corporation budget on June 11, 2024. The City Council conducted the required public hearing for the KDC budget on July 17, 2024.
-Strategic budget discussions were held during the work session portion of Council meetings between March and August for a total of 9 strategic budget discussions.
Legal Review:
Not applicable.
Alternatives:
City Council has the following alternatives:
- Approve as submitted
- Approve with changes
- Denial