The Fleet Maintenance Fund is an internal service fund established to account for the financial activities of the City’s central garage facility. This fund is totally self- supported by charges levied upon all City departments.

Revenues and other sources for the Fleet Maintenance Fund total $6,472,370. This amount includes an available estimated beginning balance of $1,300,496. This is an increase of $1,429,325, or 28.3% from the fiscal year 2022 adopted budget of $5,043,045. Charges for Services comprise the largest share of the Fleet Maintenance Fund revenues and are proposed to total $5,001,374, or 77.3% of the total revenues and sources of funding.

Excluding beginning fund balance and other sources, recurring revenues are proposed to total $5,096,874. This is an increase of $660,887, or 14.9% from the fiscal year 2022 adopted budget $4,435,987.

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 for the Fleet Maintenance Fund total $6,472,370. This amount includes an estimated ending reserves balance of $711,252. Fiscal year 2023 proposed expenditures and other uses are balanced with the total proposed revenues and other sources of funding.

Operating costs are the largest use of expenditures for the Fleet Maintenance Fund and are proposed to total $4,248,894, or 65.6% of the total expenditures and uses. Other significant expenditures and their proposed totals include:

• Personnel - $1,189,845
• Capital Outlay - $299,000
• Debt service - $23,379

Excluding estimated ending reserves balance, debt service, and capital outlay, recurring expenditures are proposed to total $5,438,739. This is an increase of $827,262, or 17.9% from the fiscal year 2022 adopted budget of $4,611,477.

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.