Page 329 - Keller Budget FY21

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.

REVENUE SUMMARY

FY 2020-21
FY 2018-19 FY 2019-20 FY 2019-20 Adopted Budget
REVENUES Actual Budget YE Proj. Budget Variance ($)
Vehicle/Equip Lease Rev-F 119 $ – $ 3,465 $ 3,465 $ 3,465 -
Vehicle/Equip Lease Rev-F 100 640,537 938,268 938,268 965,890 27,622
Vehicle/Equip Lease Rev-F 119 3,313 – – – -
Vehicle/Equip Lease Rev-F 125 – 4,733 4,733 4,727 (6)
Vehicle/Equip Lease Rev-F 200 419,570 512,249 512,249 333,588 (178,661)
Vehicle/Equip Lease Rev-F 400 33,206 227,484 227,484 83,243 (144,241)
Auction Proceeds (13,012) 221,590 80,371 53,455 (168,135)
Gain/Loss On Disp Of Assets 104,742 – – – -
Interest Revenue-Investments 50,630 19,491 45,705 19,491 -
TOTAL $ 1,238,986 $ 1,927,280 $ 1,812,275 $ 1,463,859 (463,421)

EXPENDITURE SUMMARY

FY 2020-21
FY 2018-19 FY 2019-20 FY 2019-20 Adopted Budget
EXPENDITURES BY CATEGORY: Actual Budget YE Proj. Budget Variance ($)
Personnel services $ – $ – $ – $ – -
Operations & maintenance 10,760 26,369 26,369 47,403 21,034
Services & other – – – – -
Capital outlay 1,251,206 2,328,485 2,328,485 563,278 (1,765,207)

TOTAL $ 1,261,966 $ 2,354,854 $ 2,354,854 $ 610,681 (1,744,173)

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