FY2016-17 Budget Final

Maintenance Fund will begin with a FB of $396,819 and will end with a balance of $390,152, which represents a 1.7% decrease in FB throughout the year. This fund will carry a FB into FY 2017 as part of a multi-year financial planning tool for high-cost facility maintenance expenditures. Electronic Equipment Replacement Fund Fund 412 This fund is used for replacement of servers, computers, printers, and software throughout the organization. Fund 412 will begin FY 2017 with a FB of $1,392,233 and end the year with a FB of $1,862,829, which represents a 33.8% increase in FB throughout the year. This increase in FB is attributed to a slight increase in revenue transfers from other funds, which exceed an increase in Supplies costs. This fund will carry a FB into FY 2017 as part of a multi-year financial planning tool for electronic equipment replacement throughout the City. Park Land Dedication Fund Fund 417 This fund will begin FY 2017 with a FB of $211,812 and will end the year with a FB of $172,112, which represents an 18.7% decrease in FB throughout the year. This reduction is attributed to the same amount of revenue as in years past, as well as an increase in budgeted expenditures for the replacement of park infrastructure additions throughout the City. Capital Improvements – Other Public Works Fund 419 This fund will begin FY 2017 with a FB of $258,502 and will end with a FB of $209,502, which represents an 19.0% decrease in FB throughout the year. This decrease is due to budgeted expenditures for the reconstruction of asphalt residential streets and arterial roadways, which is offset by a slight increase in a transfer from the General Fund. Equipment Replacement Fund Fund 420 This fund is used for the replacement of City vehicles and other mobile equipment. The fund will begin FY 2017 with a FB $1,229,974 and will end the year with a FB of $1,625,708, which represents a 32.2% increase in FB throughout the year. This increase is due to an increase in Transfers from Other Funds, offset by reductions in Capital Outlay and Debt Service expenses. This fund will carry a FB as long-term savings for capital equipment replacements in the future. In FY 2017, vehicles and other motorized equipment will be purchased for the Fire Department, Police Department, Street Maintenance Division, Building Inspection Division, Development Services Department, Municipal Court, and Parks & Recreation Department.

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