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Internal Service Funds <br /> Internal Service Funds are used as a method to allocate certain internal costs to operating <br /> departments as a cost allocation tool. The City has eighteen Internal Service Funds. They <br /> include: <br /> • Risk Management (1) <br /> • Workers Compensation (2) <br /> • Employee Benefits (1) <br /> • Retiree Medical Reserve (2) <br /> • Public Art Acquisition & Maintenance (2) <br /> • Replacement & Renovation (10) <br /> In accordance with adopted financial policies and the General Plan, the City maintains ten <br /> Replacement and Renovation Funds. The purpose of these Funds is to provide ongoing <br /> replacement of City assets -- equipment, vehicles, street lights and traffic lights -- and to make <br /> major repairs and renovations to facilities, parks, medians, and city wide tree trimming in order <br /> to extend the lives of these assets. Adopted financial policies call for the establishment and <br /> maintenance of reserves including major maintenance and renovations of buildings, parks, and <br /> medians. This is accomplished by charging operating programs an annual charge pursuant to <br /> a 20 to 30 year funding plan based on the asset replacement cost and estimated life of the <br /> capital asset. <br /> A majority of the projected decrease of $5.6M in the Internal Service Funds is due to the City <br /> paying off the PERS Side Fund for the Police Officers Group of $7.8M on July 1, 2011. As <br /> indicated earlier under the General Fund section of this report, for the next seven years <br /> (2018/19FY) the General Fund will be repaying the retiree medical reserve for the advance of <br /> these funds. <br /> All Other Operating Funds <br /> Projected revenues and expenditures for all other Operating Funds, including Trust and Debt <br /> Service Funds, are contained in the body of the budget document. <br /> Attachments to Section I: <br /> A. 2012/13FY Housing & Human Services Grant(HHSG) <br /> B. 2012/13FY Community Grant(CG) <br /> C. Estimated Changes in Fund Balance <br /> D. Summary of Operating Fund Balances <br /> E. Summary of Revenues and Transfers by Funds <br /> F. Summary of Expenditures by Fund <br /> G. Summary of Staffing Levels <br /> H. Summary of Position Changes <br /> 10 <br />