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 December 31, 2021, 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, 2021, year-to-date operating revenues are $24,874,097 or 26.7% of budget and operating expenditures are $16,793,928 or 16.8% of budget. In the General Fund, revenues are $11,211,664 or 27.8% of budget and expenditures are $9,968,116 or 21.9% of budget. In the Water-Wastewater Utility Fund, revenues are $7,454,890 or 26.4% and expenditures are $3,309,577 or 11.8%. 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 February 15, 2022.
Legal Review:
None.
Alternatives:
City Council has the following alternatives:
- Approve as submitted
- Approve with changes
- Denial