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 June 30, 2023, 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 June 30, 2023, year-to-date operating revenues are $80,347,375 or 81.8% of budget and operating expenditures are $70,110,127 or 68.1% of budget. In the General Fund, revenues are $37,418,934 or 88.7% of budget and expenditures are $30,805,658 or 68.4% of budget. In the Water-Wastewater Utility Fund, revenues are $21,185,012 or 73.2% and expenditures are $19,095,978 or 66.1%. 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 August 15, 2023.