Technology Services Fund
Fund Description
Established in 2017, the Technology Services Fund is used to account for the provision of various technological requirements. Each town department that requires technological goods pays a monthly fee which is deposited into this fund account. The finances of this fund are restricted to recovering the costs associated with technology acquisition.
FY 2022 Changes
- $27,500 License Plate Readers
- $28,000 Police Camera Video Storage
Ending Fund Balance
The ending fund balance of the technology fund went negative in FY2019 due to increases in services at the end of the fiscal year. The fund is projected to have a positive fund balance moving forward.
Demand Driver
The population of the Town of Northlake is rapidly increasing. Causing a corresponding increase in staffing to meet the demand for services.
Service Driver
As Town staffing increase to meet the service demand so too will the expenses of this fund grow to provide adequate technology for staff.