FY 24 APPROVED OPERATING BUDGET

HIGHWAYS FUND

FINANCIAL NOTES:

FY 23

FY 24 CHANGE EXPLANATION OF INCREASE/DECREASE - REVENUES

830,300 1,556,100 725,800 CHARGES FOR GOVERNMENT SERVICES

Governmental services charges such as inspections, plans review and fuel for county agencies.

20,600 855,253 834,653 INVESTMENT INCOME

Revenues from investments are reflective of the size of the County's portfolio and the rate of return.

0

8,193,125 8,193,125

OTHER REVENUE The elements mainly responsible for the net increase in "Other" revenues are:

FY 23

FY 24

Change

Vehicle Maintenance contract reimbursement

3,930,000 1,100,000

4,900,000

970,000

900,000 250,000

(200,000) Recovery from capital projects

405,000

(155,000) Sale of Vehicles

10,370,675 11,956,345 1,585,670 FUND BALANCE APPROPRIATION

Excess unappropriated fund balance at the end of a fiscal year, above the 5% reserve designated for credit rating purposes, maintained by County policy, is appropriated into the next fiscal year's budget, and treated as one-time funding for that fiscal year. Fund Balance of $11,956,345 is appropriated for the FY 24 Budget.

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