Page 62 - NRH FY20 Approved Budget

BUDGET OVERVIEW

Facilities/Construction Management Fund

FY 18/19 Adopted FY 18/19 Revised FY 19/20 Adopted

Revenue $2,985,340 $3,083,460 $2,982,718
Expenditures $2,985,340 $3,083,460 $2,982,718
Balance $0 $0 $0

FY 2018/2019 Revised Budget

Revised revenues are just slightly higher than the FY 2018/2019 Adopted Budget. Interest
income revenues increased by $10,000 and $101,740 is planned to be drawn from the funds
reserves. Notable changes to expenditures include decreases of $49,924 in General Services
and $52,385 in Building Services; both of which are from position vacancies. Expenditures
increased by $98,000 to transfers to fund CIP projects which fund renovations for Fire Station
5.

FY 2019/2020 Adopted Budget

Revenues in the Facilities Fund are flat to the FY 2018/2019 Adopted Budget. Most revenues in
the Facilities Fund come as charges for service transfers from the General Fund, Park
Development Fund and the Utility Fund; these transfers account for $2,912,818 of revenue in
this fund. Other revenues such as rental income and income earned from interest contribute
$69,900.

The FY 2019/2020 Adopted Budget includes expenditures in the amount of $2,982,718 This is
a decrease of $2,622) from the FY 201818/2019 Adopted Budget. The transfer to capital is only
$53,000 due to a smaller number of projects than in previous years. General Services costs
dropped $91,298 and Building Services increased $114,669 compared to the FY 2018/2019
Adopted Budget. $130,824 is anticipated to be added to the funds reserves for future capital
needs.

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