FY2016-17 Budget Final

CDBG Grant Fund Fund 263

This fund was created in FY 2016, as a measure to track all U. S. Department of Housing and Urban Development grant revenue, as well as expenditures relating to the Community Development Block Grant Program. This fund includes line items for salaries and equipment for the full-time Code Enforcement Officer and the new part-time CDBG Grant Coordinator position. This fund also includes a transfer into Fund 490 for Street Improvements. In FY 2017, Fund 263 will begin with a FB of $4,765 and will end with a balance of $4,865, which represents a 2.1% increase. This FB is due to unused grant funding from FY 2016, and this excess funding will be allocated toward a project in a future year. Fire Grant Fund Fund 264 This fund will begin FY 2017 with a FB of $1,339 and will end with a balance of $1,339, which represents a 0% change in FB throughout the year. Library Revenue Fund Fund 624 This fund will begin FY 2017 with a FB of $32,921 and will end with a FB of $30,621, which represents a 7.0% decrease in FB throughout the year. This decrease in FB is due to an increase budgeted expenditures for Services & Professional Fees.

CAPITAL PROJECT FUNDS Fire Personal Protection Equipment (PPE) Replacement Fund Fund 401

This fund will begin FY 2017 with a FB of $141,186 and will end with a balance of $191,935 which represents a 35.9% increase in FB throughout the year. This increase is due to revenue exceeding budgeted expenditures for protective clothing. Fire Equipment Replacement Fund Fund 402 The Fire Equipment Replacement Fund provides resources for the planned replacement of firefighting equipment. In FY 2017 the Fire Equipment Replacement Fund will begin with a FB of $92,051 and will end with a FB of $84,254, which represents an 8.5% reduction in FB throughout the year. This reduction in fund balance is due to planned Supplies expenditures exceeding budgeted revenue.

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