Page 327 - CityofSouthlakeFY27Budget

TABLE OF CONTENTS

VEHICLE REPLACEMENT FUND

VEHICLE REPLACEMENT

2027 Proposed and 2026 Revised Budget Vehicle Replacement Fund

$ Increase/ $ Increase/
2025 2026 2026 (Decrease) % Increase/ 2027 (Decrease) % Increase/
Actual Adopted Amended Adopted -Decrease Proposed Adopted -Decrease
REVENUES
Miscellaneous $156,398 $60,000 $25,000 ($35,000) -58.3% $60,000 $0 0.0%
Interest Income $572,541 $360,000 $360,000 $0 0.0% $340,000 ($20,000) -5.6%
Total Revenues $728,939 $420,000 $385,000 ($35,000) $400,000 ($20,000)

EXPENDITURES
Capital $2,115,744 $6,058,612 $2,173,035 (3,885,577) -64.1% $2,772,000 (3,286,612) -54.2%
Total Expenditures $2,115,744 $6,058,612 $2,173,035 ($3,885,577) -64.1% $2,772,000 ($3,286,612) -54.2%

Net Revenues ($1,386,805) ($5,638,612) ($1,788,035) $3,850,577 ($2,372,000) $3,266,612

Transfers In-General Fund $4,250,000 2,000,000 2,000,000 0 1,500,000 ($500,000)
Transfers In -Utility Fund 0 0 0 0 0 $0
Total Other Sources (Uses) $4,250,000 $2,000,000 $2,000,000 $0 $1,500,000 $0

Beginning Fund Balance $10,890,634 $13,753,829 $13,753,829 $13,965,794

Ending Fund Balance $13,753,829 $10,115,217 $13,965,794 $13,093,794

FY 2027 HIGHLIGHTS

- A five-year purchase plan has been developed to detail future capital investment needs related to
vehicles and heavy equipment. For FY 2027, we are planning a transfer from the General Fund to the
Vehicle Replacement Fund of $1,500,000.

- Expenditures are estimated at $2,772,000 to replace aging vehicles coming off-line.

- The projected ending fund balance is $13,093,794, which provides adequate reserves for the program.

- In the next five years, more than 90 vehicles and heavy machinery at an estimated cost of more than
$17 million are planned to be replaced in accordance with the vehicle replacement schedule. The
vehicle replacement schedule may vary due to maintenance or exceeding the useful life. Vehicles
included in the vehicle replacement plan include: fire trucks, police cars and motorcycles, and other
heavy equipment.
FY 2027 City of Southlake | Budget Book 327