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, 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 March 31, 2021, year-to-date operating revenues are $46,450,755 or 53.8% of budget and operating expenditures are $39,737,297 or 46.0% of budget. In the General Fund, revenues are $27,703,226 or 70.3% of budget and expenditures are $16,445,712 or 41.8% of budget. In the Water-Wastewater Utility Fund, revenues are $7,215,341 or 26.1% and expenditures are $12,109,494 or 43.9%. 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 May 4, 2021.
Legal Review:
None.
Alternatives:
City Council has the following alternatives:
- Approve as submitted
- Approve with changes
- Denial