CIP FY 26-30 Final - Flipbook - Page 23
Fire Prevention Capital Expansion Fund
This fund is used to account for the accumulated revenues derived from Fire Impact Fees collected
from newly constructed facilities. These impact fees are used to help defray the cost of capital
expenditures necessitated by growth and must be used for expansion of Fire Department needs and
facilities.
This fund can assist the City with any expansion/enhancements of its public safety facilities and
equipment.
Fire Prevention Capital Expansion Funding Analysis:
Currently, the fund’s revenue is projected to grow marginally at a rate of 3%, generating minimal
accumulated funds. However, impact fees have not been reviewed or raised for over 20 years. The
City is currently in the process of conducting an impact fee rate study with an independent consultant.
Over the next five years, the projected ending fund balance is $ $475,309. This does not allow for
sufficient funds to accommodate any additional projects during this period. However, some of the
projects in this fund may be jointly funded with the Sales Tax Capital Projects Fund, the Law
Enforcement Capital Expansion Fund and/or the General Fund.
By sharing the financial burden of qualified projects, the City can ensure the functionality and
modernization of the Fire Department’s equipment, which is a number one priority for the
community’s public safety.
Fire Prevention Capital
Expansion Fund
Fund Balance, Less
Investm ent in Capital
Estim ated
Proposed
Projected
Projected
Projected
Projected
FY 24-25
FY 25-26
FY 26-27
FY 27-28
FY 28-29
FY29-30
$
246,984
$
239,584
$
283,984
$
329,716
$
376,820
$
425,337
Interest Earnings
4,000
9,400
9,682
9,972
10,272
10,580
Impact Fee
40,000
35,000
36,050
37,132
38,245
39,393
Total Revenue
Total Funding Available
44,000
44,400
45,732
47,104
48,517
49,973
290,984
283,984
329,716
376,820
425,337
475,309
Less:
Operating Expenditures
600
-
-
-
-
-
Transfers to General Fund
800
-
-
-
-
-
50,000
-
-
-
-
Total Expenditures
CIP Projects
51,400
-
-
-
-
-
Net Operating Incom e (Loss)
Fund Balance, End of Year
(7,400)
44,400
45,732
47,104
48,517
49,973
$
239,584
$
283,984
$
329,716
$
376,820
$
425,337
NOTES:
1.
Beginning Fund Balance in FY 2024/25 ties with ACFR for FY 2023/24 year-end balance
2.
Due to lack of funding, there are no expansion projects budgeted in this fund in the five-year horizon
19
$
475,309
