FY2020 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 provides the means to ensure fire safety equipment is mission ready to protect the safety and wellbeing of the community.

BUDGET NOTES

New Initiatives & Priorities

Cost Value 1,250,000 $1,250,000

Ladder 2 Fire Apparatus Replacement

Total

FIRE APPARATUS CAPITAL RESERVE FUND

2017 Actual

2018 Actual

2019 Estimated 2020 Proposed

Beginning Balance Interest Earnings

$ $ $ $ $

602,704

$ $ $ $ $

1,259,704

$ $ $ $ $

494,149

$ $ $ $ $

901,227

5,000

5,445

7,078

-

Transfer in from General Fund Transfer out to General Fund

652,000

400,000

400,000

350,000

-

(1,171,000)

-

(1,250,000)

Ending Fund Balance

1,259,704

494,149

901,227

1,227

Year Over Year % Change Total Year Over Year $s Change Total

109.0%

-60.8%

82.4%

$

657,000

$

(765,555)

$

407,078

78