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 March 31, 2020, 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 March 31, 2020, year-to-date operating revenues are $53,067,026 or 59.9% of budget and operating expenditures are $41,933,381 or 46.4% of budget. In the General Fund, revenues are $28,065,387 or 70.8% of budget and expenditures are $17,493,052 or 43.0% of budget. In the Water-Wastewater Utility Fund, revenues are $11,915,034 or 43.0% and expenditures are $13,062,357 or 47.8%. Overall revenues and expenditures are in-line with expectations and follow prior year trends. At this time there are no significant financial concerns.
Financial Impact:
N/A.
Citizen Input/Board Review:
The Keller Finance Committee reviewed and approved the financial report on May 19, 2020.
Legal Review:
None.
Alternatives:
City Council has the following alternatives:
- Approve as submitted
- Approve with changes
- Denial