FY25 GFOA Budget - Flipbook - Page 12
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READER’S GUIDE
The District’s annual budget provides a comprehensive report of the District’s annual
financial plans and operating expenses. It is an official document, approved by the District’s
Board of Trustees (Board), that dictates short-term and long-term costs required to ensure
operational efficiency and effectiveness. This includes day-to-day operations, maintenance,
and capital purchases. Additionally, this document includes the District’s vehicle, building,
and equipment replacement schedules—noted below as the District’s Capital Improvement
Program (CIP). This details the District’s long-term financial plans in an effort to maintain
fiscal responsibility with anticipated high-cost expenditures.
The District’s annual budget is divided into the following sections:
1. Budget Overview—Contains information critical to the development of the budget
recommendation. This includes information about the District’s current financial
position, budget highlights, summary of fiscal policies, budget development
guidelines, budgeting calendar, fund structure, and an overview of the budget itself.
2. Introduction—Includes important contextual information regarding the District
and its service area. Information such as organizational structure, personnel
achievements, performance metrics, and a District profile can all be found in this
section.
3. Financial Summary—Contains an overview of the District’s revenues and
operating expenses. This includes a breakdown of revenues and expenditures, by
fund, with FY23 budget, FY23 actuals, FY24 budget, FY24 year-end estimates, and
FY25 budget with percentage changes. There is also information on notable changes,
fund projections, beginning and end balances, and information on the District’s debt
summary and bond payments. Finally, this section includes the District’s long-range
financial planning.
4. Major Funds—This section contains comprehensive revenue and expenditure
information on the District’s major funds. This includes line-item breakdowns and
Area of Responsibility (AOR) information.
5. Capital Funds—This section includes information on the District’s capital outlays
for FY25 with line-item breakdowns and description of purchases. Additionally, the
District’s CIP can also be found here.
6. Pension Fund—Contains information regarding the District’s sole fiduciary fund.
This includes an information breakdown of annual pension fund revenues and
expenditures from 2023 to 2025 with calculated figures representing percentage
change from FY24 budget to FY25 budget.
P a g e 12 | BARTLETT FIRE PROTECTION DISTRICT | BUDGET OVERVIEW
