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 December 31, 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 December 31, 2023, year-to-date operating revenues are $33,048,676 or 32.3% of budget and operating expenditures are $20,175,134 or 18.5% of budget. In the General Fund, revenues are $15,999,141 or 36.3% of budget and expenditures are $10,149,751 or 22.9% of budget. In the Water-Wastewater Utility Fund, revenues are $8,866,457 or 29.6% and expenditures are $4,812,363 or 16.1%. 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 March 5, 2024.