FY2022

The Equipment Fund’s unassigned fund balance is budgeted to decrease in fiscal year 2021 by $55,778 or 1.8% from fiscal year 2020. This budgeted decrease is directly related to the anticipated purchase of land in fiscal year 2021 to site a new equipment maintenance facility. Unassigned fund balance continues to trend upward, however, growing to $2,845,932 in fiscal year 2022 and $3,439,700 in fiscal year 2023. This increase is primarily due to an annual operating surplus. Total fund balance is projected to be $16,081,208 in fiscal year 2021, a decrease of $1,162,578 or 6.7% over the previous fiscal year. The decrease in fund balance is due to an increase in spending for equipment and vehicle replacement. In fiscal year 2022, the total fund balance is expected to grow by $1,460,323 or 9.1% which is due to an increase in the equipment replacement reserves. Fund balance growth is expected to continue into fiscal year 2023.

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