FY2018 Recommended Budget

CAPITAL RESERVE FUNDS (CRF)

Fire Apparatus CRF

MISSION

The purpose of the Capital Reserve Fund is to set aside funds annually to plan for and replace large Fire Apparatus as a future pay-as-go capital outlay. This avoids resource competition and increasing debt obligations for shorter life-cycled items.

SERVICE TO COMMUNITY

The Capital Reserve Fund allow provide the means to ensure fire safety equipment is mission ready to protect the safety and wellbeing of the community.

BUDGET NOTES

Cost Value

New Initiatives & Priorities

Ladder Replacement Station 3 Transfer to General Fund

1,171,000 $1,171,000

Total

2015

2016

2017

2018

Actuals

Actuals

Estimated Actual

Proposed Budget

Beginning Balance

$ 496,830

$ 747,441

$ 602,704 $ 1,258,111

Interest Earnings

$ 611

$ 1,563

$ 3,407 $ -

Transfer in from General Fund

$ 555,000

$ 170,000

$ 652,000 $ 400,000

Transfer out to General Fund

$ (305,000)

$ (316,300)

$ - $ (1,171,000)

Ending Balance

$ 747,441

$ 602,704

$ 1,258,111 $ 487,111

61