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 June 30, 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 June 30, 2021, year-to-date operating revenues are $66,196,301 or 76.7% of budget and operating expenditures are $52,367,670 or 60.6% of budget. In the General Fund, revenues are $33,497,437 or 85.0% of budget and expenditures are $23,797,903 or 60.5% of budget. In the Water-Wastewater Utility Fund, revenues are $17,429,939 or 63.1% and expenditures are $15,703,072 or 75.9%. 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 August 17, 2021.
Legal Review:
None.
Alternatives:
City Council has the following alternatives:
- Approve as submitted
- Approve with changes
- Denial