FY 14-15 Adopted Budget

CAPITAL LEASING FUND

PROGRAMS

2012-13

2013-14 Budget

2014-15 Adopted

2015-16 Projected

Actual

Capital Leasing Fund The Capital Leasing Fund accounts for installment lease payments on capital property, including equipment, computers and improved real property.

Appropriation

4,135,924

5,145,466

2,755,434

2,282,060

Full Time Equivalent Positions

0.00

0.00

0.00

0.00

BUDGET SUMMARY

2012-13

2013-14 Budget

2014-15 Adopted

2015-16 Projected

Actual

Expenditures:

Personnel Costs

0

0

0

0

Maintenance & Operations

4,037,063

4,913,441

2,543,575

2,166,989

Capital Outlay

98,861

232,025

211,859

115,071

Total

4,135,924

5,145,466

2,755,434

2,282,060

Revenues:

Internal Charges

4,076,688

2,944,831

2,255,104

2,166,815

All Other

196,260 473,936

765,312

85,000 415,330

85,000 30,245

Fund Balance

1,435,323

Total

4,746,884

5,145,466

2,755,434

2,282,060

BUDGET HIGHLIGHTS  The FY 14-15 Capital Leasing Fund budget is decreasing by just under $2.4 million or approximately 46%.  The FY 13-14 budget included $2.4 million in debt service and related expenses associated with the Coliseum Inn demolition project. There are no such budgeted expenses in the FY 14-15 budget.  Funds appropriated for Capital Leasing are typically used to finance equipment needs for City departments.

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Adopted FY 2014-15 Budget