FY23 FULL BUDGET REPORT ADOPTED

Reserve Funds Reserve funds are used to set aside resources to build up and pay for larger expenditures such as capital projects and public safety equipment. Reserves are an effective tool used to manage debt capacity and achieve strategic project initiatives.

Fire Apparatus CRF

Reserve Scope The purpose of the Capital Reserve Fund is to set aside funds annually to plan for and replace large public safety equipment such as apparatus, air packs, and/or radios as future pay-as-go capital outlay. This avoids resource competition and increasing debt obligations for shorter life-cycled items. It provides the means to ensure fire safety equipment is mission ready to protect the safety and wellbeing of the community.

Budget Notes

2022 Estimated Actual

2023 Projected Budget

2020 Actuals

2021 Actuals

Beginning Balance Interest Earnings

$ $ $ $ $

907,560

$ $ $ $ $

14,440

$ $ $ $ $

14,449

$ $ $ $ $

764,459

6,880

9

10

100

Transfer in fromGeneral Fund Transfer out to General Fund

350,000

- -

750,000

750,000

(1,250,000)

-

-

Ending Balance

14,440

14,449

764,459

1,514,559

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

84%

0%

5191%

98%

$

413,411

$

9

$

750,010

$

750,100

84