Keller Banner
Share to Facebook Share to Twitter Bookmark and Share
File #: 21-064    Version: 1
Type: Consent Status: Agenda Ready
File created: 2/5/2021 Meeting Body: City Council
On agenda: 2/16/2021 Final action:
Title Search: Consider a resolution receiving the Keller Quarterly Financial Report for period ending December 31, 2020, and providing an effective date.
Attachments: 1. 021621_FY 21 Q1 Financial Report Resolution, 2. 021621_FY 21 Q1 Financial Report
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
No records to display.

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, 2020, and providing an effective date.

Body

 

Background:                     

The Keller Quarterly Financial Report provides an update on actual operating revenue and expenditure activity in comparison to budget.  As of December 31, 2020, year-to-date operating revenues are $22,709,522 or 26.3% of budget and operating expenditures are $16,426,345 or 19.0% of budget.  In the General Fund, revenues are $10,314,421 or 26.2% of budget and expenditures are $8,248,080 or 21.0% of budget.  In the Water-Wastewater Utility Fund, revenues are $7,145,212 or 25.9% and expenditures are $5,385,758 or 19.5%.  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 January 26, 2021.

 

Legal Review:                       

None.

 

Alternatives:                     

City Council has the following alternatives:                       

-                     Approve as submitted

-                     Approve with changes

-                     Denial