FY25 GFOA Budget - Flipbook - Page 77
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FINANCIAL SUMMARY
HIGHLIGHTS
In FY25, the District is budgeted to have a beginning fund balance of $5.9M with a projected end
balance of $7.1M.
The Buy Back Fund is budgeted to have a 43% decrease from the beginning of FY25 to the end of
FY25. This is due to an increase in expenditures coming out of the Buy Back Fund to cover the cost
of benefits and sick time sell back. This fund is projected to close by FY30, and will be steadily
decreasing until the District reaches that fiscal year.
The Vehicle Fund is budgeted to have the greatest monetary increase in fund balance from the
UPDATED
beginning of FY25 ($1.7M) to the end of FY25 ($2.6M). This is part of an effort to build up reserves
to fund vehicle replacements in the upcoming years.
The Building Fund is also budgeted to see a marked increase from the beginning of FY25 to the end
of FY25 (77%). Following the FY23 remodel of Station 1, the District is looking to build up reserve
monies in this fund.
The Equipment Fund is budgeted to see an increase of 13% from the beginning of FY25 to the end
of FY25. Following a few large capital purchases in the Equipment Fund in FY24, the District is
making
an effort toSUMMARY
build up reserves.
Additionally,
FINANCIAL
FY24
BUDGETthere are no significant equipment
replacements scheduled for FY25, just a few capital purchases. Projections could decrease based on
availability of grant funding.
P a g e 77 | BARTLETT FIRE PROTECTION DISTRICT | FINANCIAL SUMMARY
