FY25 GFOA Budget - Flipbook - Page 89
Return to Table of Contents
CORPORATE FUND
The Corporate Fund, also referred to as the General Fund, is the District’s primary operating fund. The Corporate Fund
accounts for all the District’s financial resources apart from those that must be accounted for in a separate fund. The Corporate
Fund provides for the District’s finance and data processing, personnel and general administration. Revenue sources include
property taxes, replacement taxes, interest income and other income. Projections for this fund are based on the District’s longrange financial planning, beginning on page 82.
CORPORATE FUND REVENUES
FY 23
Budget
Fund Type
FY 23
Actual
FY 24
Budget
FY 24
Estimate
FY25
Budget
%
Change
Projected
FY 26
Projected
FY 27
Beginning Fund Balance
$
1,081,322
$
1,219,505
$
1,219,307
$
1,136,797
$
1,443,924
18%
$
1,443,924
$
1,480,022
Property Tax
$
4,965,000
$
5,029,287
$
5,301,764
$
5,368,255
$
5,500,880
4%
$
5,638,402
$
5,779,362
Village of Bartlett Developer Fees
$
1,500
$
8,485
$
1,500
$
60,423
$
34,443
2196%
$
35,304
$
36,187
Interest Income
$
1,000
$
73,182
$
64,774
$
56,674
$
35,000
-46%
$
35,875
$
36,772
Personal Prop. Replacement Tax
$
32,000
$
60,504
$
52,500
$
32,692
$
35,000
-33%
$
35,875
$
36,772
Miscellaneous Income
$
500
$
2,848
$
500
$
15,565
$
500
0%
$
513
$
525
Inspections & Plan Review
$
6,000
$
15,493
$
9,000
$
15,964
$
9,000
0%
$
9,225
$
9,456
Fire Recovery
$
30,000
$
56,542
$
45,000
$
41,851
$
40,000
-11%
$
41,000
$
42,025
Knox Box / Fire Report Income
$
200
$
109
$
200
$
43
$
200
0%
$
205
$
210
REVENUE TOTAL
$ 5,036,200
$ 5,246,450
$ 5,475,238
$
5,591,467
$ 5,655,023
3%
$
5,796,399
$
5,941,309
TOTAL FUNDS AVAILABLE
$ 6,117,522
$ 6,465,955
$ 6,694,545
$
6,728,264
$ 7,098,947
6%
$
7,240,323
$
7,421,331
Budgetary Highlights—Revenue:
•
•
•
The Corporate Fund will begin FY25 with a fund balance of $1.4M. This shows a steady increase from the FY24
beginning fund balance, and displays a commitment to continually growing the District’s reserves to account for
inflation.
The Corporate Fund is not budgeted to receive any grant funding or transfers in.
Interest income and replacement taxes anticipated to decrease and level out over next few years.
P a g e 89 |BARTLETT FIRE PROTECTION DISTRICT | MAJOR FUNDS
