BFPD FY26 GFOA Budget - Flipbook - Page 95
| CORPORATE FUND
The Corporate Fund, also referred to as the General Fund, is the District’s primary operating
fund. The Corporate Fund accounts for all the District’s financial resources apart from those that
must be accounted for in a separate fund. The Corporate Fund provides for the District’s finance
and data processing, personnel and general administration. Revenue sources include property
taxes, replacement taxes, interest income and other income. Projections for this fund are based
on the District’s long-range financial planning, beginning on page 88.
Budgetary Highlights—Revenue:
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The Corporate Fund will begin FY26 with a fund balance of $1.2M. This shows a small
decrease from the FY25 beginning fund balance, and represents a minor adjustment for
inflation.
The Corporate Fund is budgeted to receive a transfer of $475K to balance reserve levels.
Interest income and replacement taxes anticipated to decrease and level out over next few
years.
Total budgeted funds available for the Corporate Fund in FY26 are estimated to be $8M,
which includes transfers (not pictured above) and is a 13% increase from FY25’s total
budgeted funds available. This aligns with the District’s goal to continue to build up
reserves to account for significant capital purchases in the next 5 years.
There has been a 15% increase in property taxes from FY25 to FY26. This is due to both
the year’s CPI and an increase in housing subdivisions within the District.
There is a budgeted 13% decrease in developer fees, as the District levels out its
anticipated revenues based on the prior year’s collections.
Replacement taxes are budgeted to decrease by 29% (a dollar decrease of $4,443) based
on collected revenue in FY25.
P a g e 95 |BARTLETT FIRE PROTECTION DISTRICT | MAJOR FUNDS
