FY2023 Adopted Budget

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 • Procurement of City copiers and maintenance contracts.

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 2023 budgeted revenue is $208,803, and internal service fund charges make up 98% of the fund’s revenue. Budgeted revenue in fiscal year 2023 is a decrease of 11.53% from fiscal year 2022 budgeted revenue of $236,009, but a 4.97% increase from fiscal year 2021 actual revenue of $198,909. The increase in revenue since fiscal year 2021 is due to an increase in internal service charges which mostly likely due to employees returning to the office following working from home for all of fiscal year 2021 as a result of the COVID-19 pandemic. The Central Services fund has an estimated ending fiscal year 2022 fund balance of $794,532. This is a very slight decrease from fiscal year 2021. The fiscal year 2023 estimated ending fund balance is $791,348 which is a slight decrease of 0.40% from fiscal year 2022 ending fund balance. The changes in fund balance are primarily the accumulation of replacement funds for copy machines versus what is spent on replacement during the given year.

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