Fire Equipment Replacement Fund

Fiscal Year 2022 – 2023 Budget

The Fire Equipment Replacement Fund (FERF) operates under the principle that the funds are collected and segregated, over a period of time, to cover the replacement cost of existing fire equipment.

FIRE EQUIPMENT REPLACEMENT FUND SUMMARY

Actual Amended Budget Estimated Budget Adopted Budget Planning Years

2020 - 2021 2021 - 2022 2021 - 2022 2022 - 2023 2023 - 2024 2024 - 2025 2025 - 2026 2026 - 2027

BEGINNING FUND BALANCE $218,919 $318,490 $318,490 $429,684 $559,978 $702,703 $746,157 $808,332

REVENUES

Internal Contributions $202,923 $213,894 $213,894 $262,130 $268,622 $270,310 $271,357 $272,495 Interest Earnings 1,986 2,000 2,478 2,000 2,000 2,000 2,000 2,000

TOTAL REVENUES 204,909 215,894 216,372 264,130 270,622 272,310 273,357 274,495

TOTAL FUNDS AVAILABLE $423,828 $534,384 $534,862 $693,814 $830,600 $975,013 $1,019,514 $1,082,827

EXPENDITURES

Fire Equipment

TOTAL EXPENDITURES $105,338 $169,479 $105,178 $133,836 $127,897 $228,856 $211,182 $206,846

ENDING FUND BALANCE $318,490 $364,905 $429,684 $559,978 $702,703 $746,157 $808,332 $875,981

105,338 169,479 105,178 133,836 127,897 228,856 211,182 206,846