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, 2022 (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, 2022, year-to-date operating revenues are $102,111,366 or 109.6% of budget and operating expenditures are $95,376,513 or 93.7% of budget. In the General Fund, revenues are $43,619,844 or 108.1% of budget and expenditures are $44,132,809 or 97.1% of budget. In the Water-Wastewater Utility Fund, revenues are $31,852,554 or 112.9% and expenditures are $27,531,121 or 97.0%. The report reflects actual activity thru September 30, 2022 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, 2022 will be presented as part of the City’s 2022 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 20, 2022.
Legal Review:
None.
Alternatives:
City Council has the following alternatives:
- Approve as submitted
- Approve with changes
- Denial