Page 335 - Microsoft Word - FY 2021 tax info sheet

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 2021-22
FY 2019-20 FY 2020-21 FY 2020-21 Adopted Budget
REVENUES Actual Budget YE Proj. Budget Variance ($)

Vehicle/Equip Lease Rev-F 100 $ 938,268 $ 965,890 $ 965,890 $ 893,615 $ (72,275)
Vehicle/Equip Lease Rev-F 119 3,465 3,465 – 4,313 848
Vehicle/Equip Lease Rev-F 200 512,249 333,588 333,588 418,240 84,652
Vehicle/Equip Lease Rev-F 125 4,733 4,727 4,727 5,561 834
Vehicle/Equip Lease Rev-F 400 227,484 83,243 83,243 88,999 5,756
Reimb-Insurance Proceeds – 37,962 37,962 – (37,962)
Miscellaneous Revenue (264,647) – – – -
Auction Proceeds 403,698 53,455 53,455 94,971 41,516
Gain/Loss On Disp Of Assets (159,698) – – – -
Interest Revenue-Investments 38,270 19,491 19,491 14,304 (5,187)
Incr/Decr In Fair Value Of Inv – – – – -
Use Of Fund Balance 264,648 – – – -
TOTAL $ 1,968,471 $ 1,501,821 $ 1,498,356 $ 1,520,003 $ 18,182

EXPENDITURE SUMMARY

FY 2021-22
FY 2019-20 FY 2020-21 FY 2020-21 Adopted Budget
EXPENDITURES BY CATEGORY: Actual Budget YE Proj. Budget Variance ($)

Personnel services $ – $ – $ – $ – $ –
Operations & maintenance 22,506 70,354 28,723 43,047 (27,307)
Services & other – – – – -
Capital outlay 2,055,315 563,278 680,321 1,970,766 1,407,488

TOTAL $ 2,077,821 $ 633,632 $ 709,044 $ 2,013,813 $ 1,380,181

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