FY25 GFOA Budget - Flipbook - Page 86
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LONG-RANGE FINANCIAL PLANNING
Building Fund
The Building Fund is restricted for capital outlay purposes as they pertain to significant
building maintenance and improvements. Revenues are estimated conservatively utilizing
the District’s CIP to determine necessary reserve levels in the Building Fund to finance
scheduled projects. Expenditures are also based on the District’s CIP and replacement
schedule to anticipate higher costs for station improvements and bond payments.
Historical trend data is utilized to anticipate cost of purchases. Currently, anticipated
expenditures include painting, appliance maintenance, and furnace maintenance. The
District will be building up reserves in this fund because, based on the District’s
replacement schedule, Station 2 is due for a renovation in 2033. Proper scheduling of this
nature allows to District to gradually build up reserves and maintain fiscal responsibility.
Building Fund Revenues
Revenue Type | Year
Beginning Fund Balance
FY 25 Budget FY 26 Budget
$
329,524 $
583,524
FY 27 Budget
$
852,524
FY28 Budget
$
1,282,524
FY29 Budget
$
1,712,524
FY30 Budget
$
2,142,524
Transfer-In
Total Revenues
$
$
$
$
$
$
$
$
$
$
Expenditure Type | Year
Station Improvements
Bond Payments
Total Expenditures
FY25 Budget FY26 Projected FY27 Projected FY28 Projected FY29 Projected FY30 Projected
$
175,000 $
140,000 $
20,000 $
20,000 $
20,000 $
20,000
$
41,000 $
41,000 $
$
$
$
$ 216,000 $
181,000 $
20,000 $
20,000 $
20,000 $
20,000
470,000
470,000
$
$
450,000
450,000
450,000
450,000
450,000
450,000
450,000
450,000
450,000
450,000
Building Fund Expenditures
P a g e 86 | BARTLETT FIRE PROTECTION DISTRICT | FINANCIAL SUMMARY
