Page 319 - FY 24 Budget Forecast at Adoption.xlsx

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

Transfer From General Fund $ 243,067 $ 243,067 $ 243,067 $ 243,067 $ –

Reimb-Insurance Proceeds – – – – -
Miscellaneous Revenue – – – – -

Interest Revenue-Investments 20,030 7,376 42,163 20,420 13,044
TOTAL $ 263,097 $ 250,443 $ 285,230 $ 263,487 $ 13,044

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 162,478 12,500 12,500 – (12,500)
Services & other – – – – -

Capital outlay 9,000 991,200 107,100 760,553 (230,647)
TOTAL $ 171,478 $ 1,003,700 $ 119,600 $ 760,553 $ (243,147)

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