Internal Service funds are used to provide either goods, benefits, or services to other funds and/or departments within the City on a cost-reimbursement basis . The funds are self-supporting entities that derive their revenues from charges levied on other City departments that use its services, much like a private business. The City operates and budgets for two Internal Service Funds.
Click on the links above for mor detailed information about each fund.
Revenues and Other Sources
Revenues and other sources for all Internal Service Funds total $28,976,546. This amount includes an available estimated beginning fund balance of $7,714,414. This is an increase of $1,717,731, or 6.30% from the fiscal year 2023 adopted budget of $27,258,833.
Revenues and Other Sources by Type
Charges for Services make up the majority of revenues for Internal Service Funds and total $19,667,150, or 67.9% of all revenues. The available estimated beginning fund balance to total $7,714,414, or 26.6% of the total revenues and sources of funding.
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 all Internal Service Funds total $28,976,564. This amount includes an estimated ending reserves balance of $7,546,679. Fiscal year 2024 expenditures and other uses are balanced with the revenues and other sources.
Expenditures and Other Uses by Type
Personnel costs are the largest use of expenditures for all Internal Service Funds and total $13,942,210 or 48.1% of the total expenditures and uses. Other significant uses of expenditures and their totals include:
- Operating - $7,088,484
- Capital Outlay - $297,412
- Debt Service - $101,779
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.