To: Mayor and City Council
From: Aaron Rector, City Manager
Subject:
Title
Consider a resolution receiving the Keller Quarterly Financial Report for period ending March 31, 2025 and providing an effective date.
Action Requested:
Consider a resolution receiving the Keller Quarterly Financial Report for period ending
March 31, 2025 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, 2025, year-to-date operating revenues are $63,666,058 or 59.6% of budget and operating expenditures are $52,481,650 or 45.7% of budget. In the General Fund, revenues are $32,510,430 or 71.0% of budget and expenditures are $22,418,905 or 44.6% of budget. In the Water-Wastewater Utility Fund, revenues are $14,471,935 or 47.2% and expenditures are $14,723,378 or 46.6%. 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 July 17, 2025.
Alternatives:
City Council has the following alternatives:
- Approve as submitted
- Approve with changes
- Denial
Council Action:
Staff recommends approval as submitted.