BFPD FY26 GFOA Budget - Flipbook - Page 140
| CAPITAL FUNDS
Capital Projects Funds:
Bartlett Fire Protection District has three non-major capital projects funds, these funds are
referred to as the Equipment Fund, Building Fund, and Buy Back Fund. Please note—the
District’s Vehicle Fund is also a capital fund, but it is considered a major fund by the District.
As a result, the FY26 capital project from the Vehicle Fund (New Ambulance, $447,000) has
already been reported on in the Major Funds section of this document on pages 137-138. For the
purpose of clarity, capital purchases from the Vehicle Fund will also be reiterated below.
Identifying Funded Projects:
Capital expenditures are classified as items that are over $1,000 and have a useful life of more
than 1 year. Throughout the fiscal year, capital projects are identified as needs arise for repair,
replacement, or procurement. In order to maintain compliance with the National Fire Protection
Association and relevant safety standards, all vehicles, equipment, and facilities must receive
proper funding when improvements are necessary. The proposal process begins with
identification, then moves to research, approval through the Deputy Chief and Chief, and finally,
submittal to the Board. In order to maximize fiscal responsibility, the District creates fund
schedules for larger costs, such as vehicle replacements, so proper budgeting can be completed.
This process is applied to all anticipated large expenditures. Unless the need is immediate,
capital funded projects are placed on the District’s annual budget to be recommended for
approval by the Board at the end of the fiscal year. This repair and replacement schedule is
incorporated in the District’s CIP, which can be found beginning on page 145. Prioritization of
project funding is based on 3 factors: 1) Alignment with Strategic Plan, 2) Safety Standard
Compliances, and 3) Operational Necessity.
P a g e 140 | BARTLETT FIRE PROTECTION DISTRICT | CAPITAL FUNDS
