FY25 GFOA Budget - Flipbook - Page 133
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CAPITAL FUNDS
Capital Projects Funds:
Bartlett Fire Protection District has three non-major capital projects funds, these
funds are referred to as the Equipment Fund, Building Fund, and Buy Back Fund. Please
note—the District’s Vehicle Fund is also a capital fund, but it is considered a major fund by
the District. As a result, the FY25 capital project from the Vehicle Fund (Staff Vehicle,
$70,000) has already been reported on in the Major Funds section of this document on
pages 130-131. For the purpose of clarity, capital purchases from the Vehicle Fund will also
be reiterated below.
Identifying Funded Projects:
Capital expenditures are classified as items that are over $5,000 and have a useful life of
more than 1 year. Throughout the fiscal year, capital projects are identified as needs arise
for repair, replacement, or procurement. In order to maintain compliance with the National
Fire Protection Association and relevant safety standards, all vehicles, equipment, and
facilities must receive proper funding when improvements are necessary. The proposal
process begins with identification, then moves to research, approval through the Deputy
Chief and Chief, and finally, submittal to the Board. In order to maximize fiscal
responsibility, the District creates fund schedules for larger costs, such as vehicle
replacements, so proper budgeting can be completed. This process is applied to all
anticipated large expenditures. Unless the need is immediate, capital funded projects are
placed on the District’s annual budget to be recommended for approval by the Board at the
end of the fiscal year. This repair and replacement schedule is incorporated in the District’s
CIP, which can be found beginning on page 138. Prioritization of project funding is based
on 3 factors: 1) Alignment with Strategic Plan, 2) Safety Standard Compliances, and 3)
Operational Necessity.
P a g e 133 | BARTLETT FIRE PROTECTION DISTRICT | CAPITAL FUNDS
