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 December 31, 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 December 31, 2022, year-to-date operating revenues are $25,178,562 or 27.0% of budget and operating expenditures are $21,660,187 or 21.0% of budget. In the General Fund, revenues are $10,113,625 or 25.1% of budget and expenditures are $10,477,460 or 23.1% of budget. In the Water-Wastewater Utility Fund, revenues are $8,356,712 or 29.6% and expenditures are $7,207,294 or 25.6%. 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 March 7, 2023.