Page 337 - Microsoft Word - FY 2021 tax info sheet

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 2021-22
FY 2019-20 FY 2020-21 FY 2020-21 Adopted Budget
REVENUES Actual Budget YE Proj. Budget Variance ($)
Transfer From General Fund $ – $ 375,000 $ 375,000 $ 243,067 $ (131,933)
Miscellaneous Revenue 375,069 884,719 – – (884,719)
Interest Revenue-Investments 25,605 20,499 9,386 13,283 (7,216)

TOTAL $ 400,674 $ 1,280,218 $ 384,386 $ 256,350 $ (1,023,868)

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 13,803 43,445 52,515 12,770 (30,675)
Services & other – – – – -
Wholesale water purchases – – – – -
Wastewater Services-TRA – – – – -
Debt service – – – – -
Transfers to other funds – – – – -
Capital outlay – 138,000 32,000 1,021,700 883,700

TOTAL $ 13,803 $ 181,445 $ 84,515 $ 1,034,470 $ 853,025

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