Page 331 - Keller Budget FY21

FACILITY CAPITAL REPLACEMENT FUND

FUND DESCRIPTION:
The Facility Capital Replacement Fund is an internal service fund funded thru transfers from other funds, interest revenue, and
sale of assets. Expenditures provide for the repair and/or replacement of capital items at various city facilities such as roofs, air
conditioners, and generators. The annual transfers are determined by dividing the anticipated future repair or replacement costs
by anticipated life for each capital item. The fund stabilizes other operating funds spending by allowing for an annual payment
for repair or replacement rather one-time increase at the time of repair or replacement. The fund is anticipated to cover all city
facilities except the Police department which funds repair and replacements thru the KCCPD and the Pointe which funds
repairs and replacements thru membership fees.

REVENUE SUMMARY

FY 2020-21
FY 2018-19 FY 2019-20 FY 2019-20 Adopted Budget
REVENUES Actual Budget YE Proj. Budget Variance ($)
Transfer From General Fund $ 400,000 $ 400,000 $ 375,000 $ 375,000 (25,000)
Interest Revenue-Investments 20,196 20,499 35,622 20,499 -

TOTAL $ 420,196 $ 420,499 $ 410,622 $ 395,499 (25,000)

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 – – – 43,445 43,445
Services & other – – – – -
Capital outlay – 278,100 278,100 138,000 (140,100)
TOTAL $ – $ 278,100 $ 278,100 $ 181,445 (96,655)

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