Adopted Budget 2015-2016

CAPITAL LEASING FUND

PROGRAMS

2013-14

2014-15 Budget

2015-16 Adopted

2016-17 Projected

Actual

Capital Leasing Fund The Capital Leasing Fund accounts for installment lease payments on capital property, including equipment, computers and improved real property.

Appropriation

4,646,393

2,755,434

2,726,361

2,229,493

Full Time Equivalent Positions

0.00

0.00

0.00

0.00

BUDGET SUMMARY

2013-14

2014-15 Budget

2015-16 Adopted

2016-17 Projected

Actual

Expenditures:

Personnel Costs

0

0

0

0

Maintenance & Operations

4,646,393

2,680,434

2,451,361

2,229,493

Capital Outlay

0

75,000

275,000

0

Total

4,646,393

2,755,434

2,726,361

2,229,493

Revenues:

Internal Charges

2,869,183

2,255,104

2,140,361

2,072,493

All Other

351,840

85,000 415,330

85,000 501,000

25,000 132,000

Fund Balance

1,544,194

Total

4,765,217

2,755,434

2,726,361

2,229,493

BUDGET HIGHLIGHTS  The FY 15-16 Capital Leasing Fund budget is decreasing by $29,073 or 1.1%.  The FY 13-14 budget included $2.4 million in debt service and related expenses associated with the Coliseum Inn demolition project. There are no such budgeted expenses in the FY 15-16 budget.  Funds appropriated for Capital Leasing are typically used to finance equipment needs for City departments.

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Adopted FY 2015-16 Budget