Page 343 - FY 19 Budget Forecast 91218.xlsx

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. Beginning in FY 2016-17, the initial purchase of a vehicle or equipment will be made within the
Fleet Replacement Fund and the operating fund requesting the purchase will transfer the initial purchasing funds into the
Fleet Replacement Fund. In prior years, the initial purchase was made directly out of the operating fund and then transfers
were made for the future replacement.

REVENUE SUMMARY

FY 2018-19
FY 2016-17 FY 2017-18 FY 2017-18 Adopted Budget
REVENUES Actual Budget YE Proj. Budget Variance ($)

Vehicle/Equip Lease Rev-F 119 $ – $ – $ 3,313 $ 3,313 3,313
Vehicle/Equip Lease Rev-F 100 500 410,827 414,109 640,537 229,710
Vehicle/Equip Lease Rev-F 200 121,549 397,756 397,756 419,570 21,814
Vehicle/Equip Lease Rev-F 400 25,906 95,406 95,406 33,206 (62,200)
Debt Issuance Proceeds – – – – -
Miscellaneous Revenue 12,154 – – – -
Auction Proceeds 6,290 – 9,348 6,312 6,312
Gain/Loss On Disp Of Assets 27,900 – – – -
Interest Revenue-Investments 12,277 1,909 12,752 1,909 -
Transfer From General Fund 567,933 – – – -
TOTAL $ 774,508 $ 905,898 $ 932,684 $ 1,104,847 198,949

EXPENDITURE SUMMARY

FY 2018-19
FY 2016-17 FY 2017-18 FY 2017-18 Adopted Budget
EXPENDITURES BY CATEGORY: Actual Budget YE Proj. Budget Variance ($)

EXPENDITURES BY DIVISION:
Non-Departmental $ 450,626 $ 412,625 $ 412,625 $ 1,265,788 853,163
TOTAL $ 450,626 $ 412,625 $ 412,625 $ 1,265,788 853,163

Personnel services $ – $ – $ – $ – -
Operations & maintenance – – – – -
Services & other – – – – -
Debt service – – – – -
Transfers to other funds – – – – -
Capital outlay 450,626 412,625 412,625 1,265,788 853,163

TOTAL $ 450,626 $ 412,625 $ 412,625 $ 1,265,788 853,163

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