Page 329 - Keller FY20 Approved Budget

FLEET REPLACEMENT FUND

FUND DESCRIPTION:
The Fleet Replacement Fund is an internal service fund funded thru transfers from other funds, interest revenue, and sale of
assets. Expenditures provide for the acquisition and/or replacement of vehicles and equipment with the exception of Police
vehicles and equipment which are funded and expensed thru the KCCPD. The annual transfers are determined by dividing the
anticipated future replacement costs by anticipated life for each vehicle and piece of equipment a department has. The fund
stabilizes other operating funds spending by allowing for annual payment for replacements rather one-time increase at the time of
replacement. Beginning in FY 2016-17, the initial purchase of a vehicle or equipment will be made within the Fleet Replacement
Fund and the operating fund requesting the purchase will transfer the initial purchasing funds into the Fleet Replacement Fund.
In prior years, the initial purchase was made directly out of the operating fund and then transfers were made for the future
replacement.

REVENUE SUMMARY

FY 2019-20
FY 2017-18 FY 2018-19 FY 2018-19 Adopted Budget
REVENUES Actual Budget YE Proj. Budget Variance ($)

Vehicle/Equip Lease Rev-F 119 $ – $ 3,313 $ 3,313 $ 3,465 152
Vehicle/Equip Lease Rev-F 100 414,109 640,537 640,537 938,268 297,731

Vehicle/Equip Lease Rev-F 119 3,313 – – – -

Vehicle/Equip Lease Rev-F 125 – – – 4,733 4,733
Vehicle/Equip Lease Rev-F 200 397,756 419,570 440,151 512,249 92,679

Vehicle/Equip Lease Rev-F 400 95,406 33,206 30,740 227,484 194,278

Auction Proceeds – 6,312 6,312 221,590 215,278
Gain/Loss On Disp Of Assets 13,043 – 17,188 – -
Interest Revenue-Investments 19,769 1,909 19,491 19,491 17,582

TOTAL $ 943,395 $ 1,104,847 $ 1,157,732 $ 1,927,280 822,433
EXPENDITURE SUMMARY

FY 2019-20
FY 2017-18 FY 2018-19 FY 2018-19 Adopted Budget
EXPENDITURES BY CATEGORY: Actual Budget YE Proj. Budget Variance ($)
Personnel services $ – $ – $ – $ – -

Operations & maintenance – – – 26,369 26,369
Services & other – – – – -
Capital outlay 397,384 1,265,788 1,265,788 2,328,485 1,062,697

TOTAL $ 397,384 $ 1,265,788 $ 1,265,788 $ 2,354,854 1,089,066

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