Page 76 - FY 2026-2027 Adopted Budget Book

Equipment Replacement Fund

This internal service fund accumulates funding for the replacement of City vehicles and equipment. With the
adoption of the vehicle replacement program through Enterprise, the fund receives operating transfers for the
lease costs of vehicles paid from this fund.

Fund Summary

Ongoing revenues remain above ongoing expenditures, with a budgeted draw down of reserves for one-
time capital purchases.
Projected revenues total $855K, which represents a 3% decrease from the prior year.
Budgeted expenditures, including one-time items, are projected to decrease by 10% to $1M in FY2027.

One-time expenditures include:
Six (6) Police Vehicles - $509,000
Fleet Services Truck Replacement - $49,500
Sewer Camera Inspection Equipment - $247,645

Ongoing expenditures total $206K, a 73% decrease from the prior year.
The fund balance remains above policy reserve levels and is in line with best practices.

$2,500K

$2,000K
Amount $1,500K Revenues

Expenditures
$1,000K
$500K

$0
FY 2024 Actuals FY 2025 Actuals FY 2026 Amended Budget FY 2026 Projection FY 2027 Proposed Budget
Fiscal Year
Data Updated: Sep 15, 2026, 9:54 PM View Report

CALCULATION
FY 2024 FY 2025 FY 2026 Amended FY 2026 FY 2027 Proposed % Change
Actuals Actuals Budget Projection Budget
Revenues
Interest Income $0 $7,829 $40,000 $86,365 $75,000 88%
Miscellaneous Income $0 $0 $57,000 $255,290 $0 -100%
Transfers $0 $2,404,383 $780,065 $780,065 $780,065 0%
Other Financing Sources – $268,064 $0 $0 $0 –
REVENUES TOTAL $0 $2,680,275 $877,065 $1,121,720 $855,065 -3%
Expenditures
Capital Outlay $0 $268,064 $348,386 $363,594 $806,145 131%
Debt Service $0 $0 $774,210 $421,895 $205,605 -73%
EXPENDITURES TOTAL $0 $268,064 $1,122,596 $785,489 $1,011,750 -10%
Total Revenues less $0 $2,412,211 -$245,531 $336,231 -$156,685 –
Expenditures

FY 2026-2027 Adopted Budget Book · September 15, 2026 72