BFPD FY26 GFOA Budget - Flipbook - Page 92
| LONG-RANGE FINANCIAL PLANNING
Building Fund
The Building Fund is restricted for capital outlay purposes as they pertain to significant building
maintenance and improvements. Revenues are estimated conservatively utilizing the District’s
CIP to determine necessary reserve levels in the Building Fund to finance scheduled projects.
Expenditures are also based on the District’s CIP and replacement schedule to anticipate higher
costs for station improvements and bond payments. Historical trend data is utilized to anticipate
cost of purchases. Currently, anticipated expenditures include painting, appliance maintenance,
and furnace maintenance. The District will be building up reserves in this fund because, based on
the District’s replacement schedule, Station 2 is due for a renovation in 2033. Proper scheduling
of this nature allows to District to gradually build up reserves and maintain fiscal responsibility.
This long-range financial plan is expected to change following FY26, as illustrated below, when
the District completes its final bond payment to the Village for the construction of Station 3.
P a g e 92 | BARTLETT FIRE PROTECTION DISTRICT | FINANCIAL SUMMARY
