Page 315 - CityofKellerFY25Budget

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 2024-25
FY 2022-23 FY 2023-24 FY 2023-24 Adopted Budget
REVENUES Actual Budget YE Proj. Budget Variance ($)
Vehicle/Equip Lease Rev-F 100 $ 794,560 $ 1,146,763 $ 1,146,763 $ 1,113,831 $ (32,932)
Vehicle/Equip Lease Rev-F 119 4,313 4,313 4,313 3,465 (848)
Vehicle/Equip Lease Rev-F 200 401,706 599,611 599,611 481,566 (118,045)

Vehicle/Equip Lease Rev-F 125 7,840 8,280 8,280 6,766 (1,514)

Vehicle/Equip Lease Rev-F 400 91,842 91,842 91,842 135,395 43,553

Reimb-Insurance Proceeds 5,298 – 84,510 – -

Miscellaneous Revenue – – – – -

Auction Proceeds 23,490 – 123,992 – -

Gain/Loss On Disp Of Assets 147,331 – – – -

Interest Revenue-Investments 150,292 44,377 155,313 155,313 110,936

Incr/Decr In Fair Value Of Inv – – – – -

Use Of Fund Balance 2,099,982 – – – -

TOTAL $ 3,726,655 $ 1,895,186 $ 2,214,624 $ 1,896,336 $ 1,150

EXPENDITURE SUMMARY

FY 2024-25
FY 2022-23 FY 2023-24 FY 2023-24 Adopted Budget
EXPENDITURES BY CATEGORY: Actual Budget YE Proj. Budget Variance ($)
Personnel services $ – $ – $ – $ – $ –

Operations & maintenance 70,965 51,287 83,182 364,462 313,175

Services & other – – – – -

Capital outlay 2,099,982 2,484,174 1,512,508 3,532,149 1,047,975
TOTAL $ 2,170,947 $ 2,535,461 $ 1,595,690 $ 3,896,611 $ 1,361,150

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