FY25 GFOA Budget - Flipbook - Page 131
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VEHICLE FUND
Budget Highlights:
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The Vehicle Fund will begin FY25 with $1.7M on hand. The fund is
budgeted to receive a $1.2M transfer. This will bring the Vehicle
Fund’s total funds available in FY25 to $3M, which is a 24% increase
from FY24. The District is seeking to build reserves in the Vehicle
Fund to account for scheduled replacements in the next 5 years.
The Vehicle Fund has two major budgeted expenditures in FY25.
o The first is a $305,285 Annual Engine payment. This will be
the District’s final payment for this engine.
o The second is the cost of a replacement administrative vehicle
($70,000).
This brings the FY25 estimated total expenditures to $375,285, and
its estimated end balance to $2.6M. Increased reserves are necessary
to account for both a new ambulance and new tower ladder in the
next five years.
Projections are based on the District’s CIP and replacement schedule.
P a g e 131 | BARTLETT FIRE PROTECTION DISTRICT | MAJOR FUNDS
