Capital Improvement & Replacement Fund

The Capital Improvement and Replacement Fund is a capital project fund established to account for the receipt and disbursement of funds restricted for the purpose of funding land and capital construction and expansion of public buildings and/or infrastructure required to increase or enhance levels of service for the residents of the City of Palm Beach Gardens.

Revenues and Other Sources

Revenues and other sources for the Capital Improvement and Replacement Fund total $49,990. This amount includes an estimated beginning balance of $49,990. This is a decrease of $136,785, or 73.2% from the fiscal year 2022 adopted budget of $186,775.


It is important to note that amended, adopted, and proposed budget numbers include Beginning Fund Balance amounts, while actual and estimated actual do not. In accordance with Generally Accepted Accounting Principles, actual amounts reflect only revenues recognized each year. Beginning Fund Balance represents resources received and recognized in prior years as revenue but are available for appropriation in future years.

Expenditures and Other Uses

Expenditures for the Capital Improvement and Replacement Fund total $49,990. This amount includes an estimated ending reserve balance of $49,990. Fiscal year 2023 proposed expenditures and other uses are balanced with the total proposed revenues and other sources.


It is important to note that amended, adopted, and proposed budget numbers include Reserves, while actual and estimated actual do not. In accordance with Generally Accepted Accounting Principles, actual amounts reflect only expenditures recognized each year. Reserves represent funds that are held for restricted purposes or may be reallocated for specific purposes throughout the fiscal year.