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 March 31, 2022, 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, 2022, year-to-date operating revenues are $56,036,853 or 60.1% of budget and operating expenditures are $44,406,336 or 44.3% of budget. In the General Fund, revenues are $29,681,048 or 73.5% of budget and expenditures are $20,344,235 or 44.8% of budget. In the Water-Wastewater Utility Fund, revenues are $12,781,011 or 45.3% and expenditures are $11,728,923 or 41.6%. 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 May 17, 2022.
Legal Review:
None.
Alternatives:
City Council has the following alternatives:
- Approve as submitted
- Approve with changes
- Denial