To: Mayor and City Council
From: Aaron Rector, Interim City Manager
Subject:
Title
Consider a resolution receiving the Keller Quarterly Financial Report for period ending March 31, 2024 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, 2024, year-to-date operating revenues are $62,459,901 or 61.0% of budget and operating expenditures are $48,790,069 or 44.7% of budget. In the General Fund, revenues are $31,247,562 or 70.8% of budget and expenditures are $20,005,520 or 45.1% of budget. In the Water-Wastewater Utility Fund, revenues are $14,538,575 or 48.6% and expenditures are $14,190,886 or 47.4%. Overall revenues and expenditures are in-line with expectations and follow prior year trends.
Citizen Input/Board Review:
The Keller Finance Committee reviewed and approved the financial report on May 15, 2024.