To: Mark R. Hafner, City Manager
From: Aaron Rector, Director of Administrative Services
Subject:
Title
PUBLIC HEARING: Consider an ordinance approving certain amendments to the Fiscal Year 2021-22 Annual Operating Budget for the City of Keller, Texas, in accordance with Article VIII, Section 8.13, of the Keller City Charter.
Action Requested:
Conduct a public hearing and consider an ordinance amending the Fiscal Year 2021-22 Annual Operating Budget for the City of Keller, Texas.
Background:
The City Council adopted the Fiscal Year 2021-22 budget on September 21, 2021. Typically, staff brings forth budget amendments during the year as part of the expenditure monitoring process. The amendments usually represent additional expenditures that were not included in the budget and are proposed for consideration by the Mayor and City Council.
The proposed amendments will impact the General Fund, the Keller Development Corporation (KDC) Fund, the Pointe Fund, the Self Insurance Fund, the Street Improvement Capital Improvement Project Fund, the Vehicle and Equipment Replacement Fund, the Facility Replacement Fund, Water-Wastewater Utility Fund, and the Drainage Capital Improvement Project Fund. The amendments are discussed in detail in the Financial Impact section.
Article VIII, Section 8.13 of the Keller City Charter requires a notice and public hearing, along with subsequent Council action, in order to amend (increase) the budget. The required public notice was published in the Fort Worth Star-Telegram on August 28, 2022.
Financial Impact:
The proposed amendments include:
General Fund (100) proposed amendments (Total Increase $-)
$75,000 - To be transferred to the Keller Self Insurance Fund based upon available salary savings at the end of the fiscal year.
Keller Development Corporation (110) proposed amendments (Total Increase $16,260):
$16,260 - Increase in expenditures related to geotechnical services at Johnson Road and Northeast Parks.
Keller Pointe (125) proposed amendments (Total Increase $474,231):
$474,231 - Increase in expenditures related to indoor pool deck replacement.
Keller Self Insurance Fund (129) proposed amendments (Total Increase $125,000):
$125,000 - Increase in revenue related to a transfer-in from the General Fund and Water-Wastewater Utility Fund based upon available actual salary savings at the end of the fiscal year.
Street Capital Improvement Project Fund (170) proposed amendment (Total Increase $260,798).
$260,798 - Increase in revenue related to transfer-in from Drainage Capital Improvement Project Fund for Pate Orr Sidewalk/drainage repairs
$260,798 - increase in expenditures related to the Pate Orr Sidewalk/drainage repairs
Vehicle and Equipment Replacement Fund (175) proposed amendments (Total Increase $248,304):
$248,304 - Increase in expenditures related to April 2021 hail damage repairs to various vehicles.
Facility Replacement Fund (179) proposed amendments (Total Increase $549,044):
$422,723 - Increase in revenue related to insurance reimbursement for April 2021 hail damage to various City facilities, property, and equipment.
$549,044 - Increase in expenditures related to hail damage repairs to various City facilities, properties, and equipment.
Water-Wastewater Utility Fund (200) proposed amendments (Total Increase $222,195) $222,195 - Increase in expenditures related to emergency water line repairs.
$50,000 - To be transferred to the Keller Self Insurance Fund based upon available salary savings at the end of the fiscal year.
Drainage Capital Improvement Project Fund (406) - proposed amendments (Total Increase $-)
$260,798 to be transferred to the Streets Capital Improvement Project Fund for Pate Orr Sidewalk/drainage repairs
Citizen Input/Board Review:
Not applicable.
Legal Review:
Not applicable.
Alternatives:
City Council has the following alternatives:
- Approve as submitted
- Approve with changes
- Denial