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SIX-YEAR FORECAST: INTERNAL SERVICE FUNDS
<br />
<br />EQUIPMENT MAINTENANCE FUND
<br />The Equipment Maintenance Fund is responsible for the repair and replacement of the
<br />municipal fleet and equipment. The division ensures that vehicles and equipment operate
<br />efficiently to provide the maximum safety to both the operator and the public. The goal is to
<br />maintain the reliability of equipment, reduce the need to overhaul major components and
<br />manage the cost of operating the fleet.
<br />
<br />
<br />
<br />Equipment Maintenance 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25
<br />Fund 690 Actual Actual Adopted Projected Projected Projected Projected Projected Projected
<br />Beginning Fund Balance 3,562,969 3,471,191 5,747,925 6,836,491 7,704,075 9,179,660 10,666,528 12,119,451 13,578,776
<br />Revenue
<br />Service Charges 2,135,337 4,691,853 5,056,743 3,674,038 3,674,038 3,709,278 3,709,278 3,746,371 3,746,371
<br />Reimbursements 45,126 217,682 260,000 115,000 115,000 115,000 115,000 115,000 115,000
<br />Interest Income/Transfers (4,084) 52,428 48,700 4,000 4,000 4,000 4,000 4,000 4,000
<br /> Total Revenues 2,176,379 4,961,963 5,365,443 3,793,038 3,793,038 3,828,278 3,828,278 3,865,371 3,865,371
<br />Expenditures
<br />Personnel 567,947 557,969 690,380 614,025 648,256 658,811 679,196 696,164 713,941
<br />Non-Personnel 1,700,209 2,127,261 3,586,497 2,311,429 1,669,197 1,682,599 1,696,160 1,709,883 1,723,768
<br /> Total Expenditures 2,268,157 2,685,230 4,276,877 2,925,454 2,317,453 2,341,410 2,375,356 2,406,046 2,437,709
<br />Annual Surplus/(Shortfall)(91,778)2,276,733 1,088,566 867,584 1,475,585 1,486,868 1,452,922 1,459,325 1,427,663
<br />Ending Fund Balance 3,471,191 5,747,925 6,836,491 7,704,075 9,179,660 10,666,528 12,119,451 13,578,776 15,006,438
<br />110
<br />132
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