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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 seventeen Internal Service Funds.They include: <br /> • Risk Management(1) <br /> • Workers Compensation (1) <br /> • Employee Benefits (2) <br /> • Retiree Medical Reserve (1) <br /> • Public Art Acquisition (1) <br /> • Replacement&Renovation (11) <br /> In accordance with adopted financial policies and the General Plan,the City maintains <br /> eleven Replacement and Renovation Funds.The purpose of these Funds is to provide ongoing <br /> replacement of City assets; equipment,vehicles,street and traffic lights,and to make major <br /> repairs and renovations to facilities, parks, medians and citywide tree trimming in order to extend <br /> the lives of these assets.Adopted financial policies call for the establishment and maintenance <br /> of reserves including major maintenance and renovations of buildings, parks,and medians.This <br /> is accomplished by charging operating programs an annual charge pursuant to a 20 to 30 year <br /> funding plan based on the asset replacement cost and estimated life of the capital asset. <br /> All Other Operating Funds <br /> Projected revenues and expenditures for all other Operating Funds,including Trust Funds,are <br /> contained in the body of the budget document. <br /> 43 City of Pleasanton Operating Budget • FY 2021/22 - FY 2022/23 <br />