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Table 9. Internal Services Funds
<br /> FY 2017/18 FY 2018/19
<br /> Internal Service Funds Actual Adjusted Budget Adjustments Mid-Year Budget
<br /> Beginning Balance, July 1 $45,871,757 $47,042,805 $47,042,805
<br /> Revenues 16,311,534 18,004,261 71,000 18,075,261
<br /> Expenses 13,319,894 19,632,771 2,143,100 21,775,871
<br /> Net 2,991,640 (1,628,510) (2,072,100) (3,700,610)
<br /> Transfer In/Out (1,820,592) 137,000 0 137,000
<br /> Net Income $1,171,048 ($1,491,510) ($2,072,100) ($3,563,610)
<br /> Ending Balance, June 30 $47,042,805 $45,551,295 $43,479,195
<br /> Increase from
<br /> Internal Services Fund and Additional Expenses Original Budget
<br /> Workers Compensation Fund - Settlement $350,000
<br /> Vehicle Replacement Fund —Two Utility Vehicles 640,000
<br /> Police Vehicle Replacement Fund —
<br /> Cost of 13 patrol cars exceeded budget 74,500
<br /> Fire Apparatus Replacement Fund —
<br /> Apparatus was budgeted in FY 2017/18 but, because of
<br /> the time required to build, $345,000 was expensed in 345,000
<br /> FY 2018/19 where there was insufficient budget to
<br /> cover the expense.
<br /> Facilities Renovation Fund— 500,000
<br /> Restroom renovation at 123 Main Street, office space
<br /> reconfiguration at 200 Old Bernal and miscellaneous
<br /> smaller projects
<br /> Parks and Median Renovation Fund — 229,061
<br /> Additional repairs at Sports Park and playground
<br /> equipment
<br /> IT Replacement Fund - additional IT equipment 4,539
<br /> Total Internal Services Funds Increase $2,143,100
<br /> The remaining funds have no or relatively small adjustments.
<br /> Submitt d by: Approved,by:
<br /> / "4 A/11(‘ '
<br /> Tina Olson Nelson Fialho
<br /> Director of Finance City Manager
<br /> Attachments:
<br /> 1. Resolution
<br /> 2. Recommended Budget Adjustments
<br /> Page 7 of 7
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