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 June 30, 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 June 30, 2024, year-to-date operating revenues are $83,445,126 or 81.4% of budget and operating expenditures are $71,320,425 or 65.3% of budget. In the General Fund, revenues are $38,860,675 or 88.1% of budget and expenditures are $30,422,305 or 68.6% of budget. In the Water-Wastewater Utility Fund, revenues are $20,922,578 or 69.9% and expenditures are $18,953,355 or 63.3%. 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 August 20, 2024.