FY 23 APPROVED CAPITAL BUDGET

Lease Asset

GENERAL Project Number: Council District:

Operating Budget Impact

A214102 Multiple Various

Revenues:

Location:

Expenditures: Cost Savings: None:

Est. Debt Service:

$0

(annual)

X

Expended/Encumbered as of 2/9/22: $273,201

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

11,500,000 11,500,000

11,500,000

11,500,000

Total Cost:

0 11,500,000

0

0

0

0

0 11,500,000

FUNDING SCHEDULE

R7150 Lease Finance

11,500,000

11,500,000

11,500,000

0 0 0 0

0 0 0 0

Total Cost:

11,500,000

0 11,500,000

0

0

0

0

0 11,500,000

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