Page 317 - FY 24 Budget Forecast at Adoption.xlsx

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 2023-24
FY 2021-22 FY 2022-23 FY 2022-23 Adopted Budget
REVENUES Actual Budget YE Proj. Budget Variance ($)

Vehicle/Equip Lease Rev-F 100 $ 893,615 $ 794,560 $ 794,560 $ 1,146,763 $ 352,203

Vehicle/Equip Lease Rev-F 119 4,313 4,313 4,313 4,313 -

Vehicle/Equip Lease Rev-F 200 418,240 401,706 401,706 599,611 197,905

Vehicle/Equip Lease Rev-F 125 5,561 7,840 7,840 8,280 440
Vehicle/Equip Lease Rev-F 400 88,999 91,842 91,842 91,842 -

Reimb-Insurance Proceeds – – – – -
Miscellaneous Revenue – – – – -
Auction Proceeds 13,450 – – – -
Gain/Loss On Disp Of Assets 86,881 – – – -
Interest Revenue-Investments 24,042 7,272 122,438 44,377 37,105
Incr/Decr In Fair Value Of Inv – – – – -
Use Of Fund Balance 534,570 – – – -
TOTAL $ 2,069,671 $ 1,307,533 $ 1,422,699 $ 1,895,186 $ 587,653

EXPENDITURE SUMMARY

FY 2023-24
FY 2021-22 FY 2022-23 FY 2022-23 Adopted Budget
EXPENDITURES BY CATEGORY: Actual Budget YE Proj. Budget Variance ($)

Personnel services $ – $ – $ – $ – $ –
Operations & maintenance 54,947 146,829 146,829 51,287 (95,542)

Services & other – – – – -

Capital outlay 588,956 2,144,921 2,144,921 2,484,174 339,253
TOTAL $ 643,903 $ 2,291,750 $ 2,291,750 $ 2,535,461 $ 243,711

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