FY25 GFOA Budget - Flipbook - Page 134
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CAPITAL FUNDS
VEHICLE FUND
VEHICLE REVENUE FUNDS
VEHICLE REVENUE FUNDS
Fund Type
%
FY 23 Budget FY 23 Actual FY 24 Budget FY24 Estimate FY25 Budget Change FY 26 Projected FY 27 Projected
Beginning Fund Balance
$ 1,177,949
$ 1,177,949
$ 1,281,164
$
1,281,164
$ 1,727,668
35%
$
2,633,898
$
3,660,969
Transfers In
Sale of Fire Apparatus
Total Revenues
Total Funds Available
$
350,000
$
$ 350,000
$ 1,527,949
$
350,000
$
58,500
$ 408,500
$ 1,586,449
$ 1,151,894
$
$ 1,151,894
$ 2,433,058
$
$
$
$
1,151,894
1,151,894
2,433,058
$ 1,281,515
$
$ 1,281,515
$ 3,009,183
11%
0%
11%
24%
$
$
$
$
1,377,071
1,377,071
4,010,969
$
$
$
$
1,407,852
1,407,852
5,068,821
VEHICLE FUND EXPENDITURES
Item
Engine Equipment
Vehicles
Annual Engine Payment
Tower Ladder
Total Expenditures
FY 23 Budget
$
$
$
306,000
$
$ 306,000
FY 23 Actual FY 24 Budget
$
$
$
$
158,000
$
305,285 $
306,000
$
$
275,000
$ 305,285 $ 739,000
%
FY24 Estimate FY25 Budget Change FY 26 Projected FY 27 Projected
$
$
0% $
$
$
148,525 $
70,000
-56% $
350,000 $
174,836
$
305,285 $
305,285
0% $
$
$
275,682 $
-100% $
$
$
729,492 $ 375,285
-49% $
350,000 $
174,836
Budget Highlights: As stated in the Major Funds section on pages 130-131.
• 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.
• There are no additional anticipated revenues for FY25.
• The Vehicle Fund has two major budgeted expenditures in FY25. The first is a
$305,285 Annual Engine payment. This will be the District’s final payment for these
2 engines. 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.
• Long term anticipated expenditures are based on the District’s CIP and replacement
schedule.
P a g e 134 | BARTLETT FIRE PROTECTION DISTRICT | CAPITAL FUNDS
