To: Mayor and City Council
From: Aaron Rector, City Manager
Subject:
Title
Consider a resolution receiving the Keller Quarterly Financial Report for period ending December 31, 2024 and providing an effective date.
Action Requested:
Consider a resolution receiving the Keller Quarterly Financial Report for period ending December 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 December 31, 2024, year-to-date operating revenues are $26,401,327 or 24.7% of budget and operating expenditures are $19,285,289 or 16.8% of budget. In the General Fund, revenues are $10,036,848 or 21.9% of budget and expenditures are $8,688,709 or 17.3% of budget. In the Water-Wastewater Utility Fund, revenues are $9,100,488 or 29.7% and expenditures are $5,273,981 or 16.7%. 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 February 18, 2025.
Alternatives:
City Council has the following alternatives:
- Approve as submitted
- Approve with changes
- Denial
Council Action:
Staff recommends approval as submitted.