To: Mark R. Hafner, City Manager
From: Aaron Rector, Director of Administrative Services
Subject:
Title
PUBLIC HEARING: Consider an ordinance adopting the annual budget for the City of Keller, Texas, for the Fiscal Year beginning October 1, 2023 and ending September 30, 2024, including the 2023-24 Capital Improvements Program, and adopting the Fiscal Year 2023-24 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) 2023-24 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 $109,204,129, a decrease of $504,529 or 0.46 percent from the FY 2022-23 Amended Budget. Included in the Proposed Budget is one-time funding of $4,500,000 for police station renovations, $700,000 for pavement markings, $580,000 for Old Town Keller, and $100,000 for 377 median design. The published Proposed Operating Budget expenditures were $108,692,404. The increase is related to re-appropriations of $261,053 for fire station generators, $125,000 for fire engine repairs, $50,827 for miscellaneous roll-over purchase orders, $44,844 for façade grants, and $30,000 for special events.
The Proposed Capital Budget is $54,637,914 and includes the issuance of $27 million for the Sports Park revitalization project, $10 million for Old Town Keller/Elm Street, and $4.0 million for the third round of SWIFT project.
The FY 2023-24 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 21, 2023. The City Council conducted the required public hearing for the Crime Control budget on August 1, 2023.
-The Keller Development Corporation Board reviewed and approved the Keller Development Corporation budget on May 9, 2023. The City Council conducted the required public hearing for the KDC budget on June 20, 2023.
-Strategic budget discussions were held during the work session portion of Council meetings between March and August for a total of 8 strategic budget discussions.
Legal Review:
Not applicable.
Alternatives:
City Council has the following alternatives:
- Approve as submitted
- Approve with changes
- Denial