Page 317 - CityofKellerFY25Budget

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 2024-25
FY 2022-23 FY 2023-24 FY 2023-24 Adopted Budget
REVENUES Actual Budget YE Proj. Budget Variance ($)

Transfer From General Fund $ 243,067 $ 243,067 $ 243,067 $ 243,067 $ –
Transfer From Grants 98,606 – 50,531 – -

Reimb-Insurance Proceeds – – 361,406 – -

Miscellaneous Revenue 450,860 – – – -

Interest Revenue-Investments 54,114 20,420 67,586 67,586 47,166

TOTAL $ 846,646 $ 263,487 $ 722,590 $ 310,653 $ 47,166

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 4,275 – – – -
Services & other – – – – -

Capital outlay 1,005,181 760,553 578,475 187,500 (573,053)

TOTAL $ 1,009,456 $ 760,553 $ 578,475 $ 187,500 $ (573,053)

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