FY2024 Proposed 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 2024 budgeted revenue is $232,764, and internal service fund charges make up 97.10% of the fund’s revenue. Budgeted revenue in fiscal year 2024 is an increase of 10.29% from fiscal year 2023 budgeted revenue of $208,803, but a 1.83% decrease from fiscal year 2022 actual revenue of $236,594. The overall increase in revenue is due to the increase in internal service charges. The Central Services fund has an estimated ending fiscal year 2023 fund balance of $796,154. This is a $18,470 decrease from fiscal year 2022. The fiscal year 2024 estimated ending fund balance is $816,439 which is an increase of 2.48% from fiscal year 2023 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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