BFPD FY26 GFOA Budget - Flipbook - Page 143
| CAPITAL FUNDS
BUILDING FUND
BUILDINGS FUND REVENUES
Fund Type
Beginning Fund Balance
FY24
Budget
$ (41,855)
FY24
Actual
$ (47,738)
FY25
Budget
$ 329,524
FY25
Estimate
$
293,418
FY26
Budget
$ 558,074
%
Change
69%
Transfers-In
Sale of Fire Apparatus
Grants
TOTAL REVENUE
TOTAL FUNDS AVAILABLE
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
470,000
470,000
763,418
$ 205,000
$
$
$ 205,000
$ 763,074
-56%
0%
0%
-56%
-5%
FY25
Estimate
$
195,984
$
$
$
$ 195,984
FY26
Budget
%
Change
100%
0%
0%
0%
-81%
470,000
470,000
428,145
(47,738)
470,000
470,000
799,524
BUILDINGS FUND EXPENDITURES
Item
Station Improvements
Bond Payments
Training Tower
Security Enhancements
TOTAL EXPENDITURES
FY24
Budget
$
$
$
$
$
41,000
87,460
128,460
$
$
$
$
$
FY24
Actual
98,621
36,106
134,727
FY25
Budget
$ 175,000
$
41,000
$
$
$ 216,000
$
$
$
$
$
41,000
41,000
Budget Highlights:
•
•
•
The Building Fund is budgeted to begin FY26 with a fund balance of $558,074 and
$763,074 total funds available. This is a significant increase in the fund balance from
FY25 as the District begins increasing reserves for scheduled building maintenance in the
upcoming years.
The only anticipated revenue in this fund is for a transfer to continue building reserves,
however the District will monitor grant funding opportunities to secure additional
revenue if possible.
Budgeted expenditures are expected to decrease by 81% from the prior year as the
District focuses on capital equipment purchases. Total expenditures in FY26 are budgeted
to be $41,000, accounting for the District’s final bond payment for the construction of
Station 3.
o District bond payments, as shown above under “Buildings Fund Expenditures,”
are made to the Village of Bartlett. This is based on a 2007 intergovernmental
agreement constructed between the two entities in order to build the District’s
Station 3. The percent of debt service paid by the District is determined by the
overlapping equalized assessed values (EAVs) of both entities. Based on the
District’s bond schedule, the District’s final bond payment will be made to the
P a g e 143 | BARTLETT FIRE PROTECTION DISTRICT | CAPITAL FUNDS
