FY 23 APPROVED CAPITAL BUDGET

Lease Asset

HIGHWAYS - MISCELLANEOUS Project Number: H214502 Council District: Multiple Location: Various Est. Debt Service: $0

Operating Budget Impact

Revenues:

Expenditures: Cost Savings: None:

(annual)

X

Expended/Encumbered as of 2/9/22: $0

Project Schedule/Status: Multiple general fund leases ending at different time periods.

PROJECT DESCRIPTION: Under the new Governmental Accounting Standard Board (GASB) 87: Leases, these funds will be used to purchase lease assets through lease financing agreements.

EXPENDITURE SCHEDULE

Approp Total

Cost Element

Prior

FY 2023

FY 2024 FY 2025 FY 2026 FY 2027 FY 2028

TOTAL

Engineering/Design Land Acquisition

0 0 0 0

0 0 0 0

Construction

Inspection Fees

Equipment/Furnishing

2,000,000 2,000,000

2,000,000

2,000,000 2,000,000

Total Cost:

0 2,000,000

0

0

0

0

0

FUNDING SCHEDULE

R7150 Lease Finance

2,000,000

2,000,000

2,000,000

0 0 0 0

0 0 0 0

Total Cost:

2,000,000

0 2,000,000

0

0

0

0

0

2,000,000

355