FY2022

CENTRAL SERVICES FUND

The Central Services internal service fund provides services to internal clients/staff and other local governments in the following areas:  Mailroom processing of outgoing City Mail, UPS, and Fed-Ex  Assists with the procurement of City copiers and maintenance contracts.  During fiscal year 2018, the accounting for the City’s non-public safety backup radio system was moved from the Central Services Fund to the Equipment Fund. The cost of these services is recovered through service charges to the internal clients and to other local governments for the services that they consume. Funds are also retained for the replacement of copy machines on a regularly scheduled basis. Total fiscal year 2022 budgeted revenue is $236,009, and internal service fund charges make up 98% of the fund’s revenue. Budgeted revenue in fiscal year 2022 is a decrease of 7.80% from fiscal year 2021 budgeted revenue of $255,988, and a 3.09% decrease from fiscal year 2020 actual revenue of $243,536. The decrease in revenue since fiscal year 2020 is due to the decrease in internal service charges and interest revenues. The Central Services fund has an estimated ending fiscal year 2021 fund balance of $761,272. This is a very slight change from fiscal year 2020. The fiscal year 2022 estimated ending fund balance is $789,694 which is an increase of 3.73% from fiscal year 2021. This increase is primarily due to the accumulation of replacement funds for copy machines.

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