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 September 30, 2021 (unaudited), 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 September 30, 2021, year-to-date operating revenues are $88,372,015 or 101.0% of budget and operating expenditures are $81,016,452 or 93.1% of budget. In the General Fund, revenues are $40,873,541 or 103.3% of budget and expenditures are $37,304,291 or 94.3% of budget. In the Water-Wastewater Utility Fund, revenues are $25,571,733 or 92.6% and expenditures are $25,971,785 or 94.1%. The report reflects actual activity thru September 30, 2020 which is unaudited and will change as the fiscal year is closed. The City is currently working on the annual financial audit which will be completed by the end of March 2022. After completion of the audit, the official activity through September 30, 2021 will be presented as part of the City’s 2021 Annual Comprehensive Financial Report (ACFR).
Financial Impact:
N/A.
Citizen Input/Board Review:
The Keller Finance Committee reviewed and approved the financial report on December 7, 2021.
Legal Review:
None.
Alternatives:
City Council has the following alternatives:
- Approve as submitted
- Approve with changes
- Denial