|
17 City of Pleasanton Mid-Term Budget Update • FY 2022/23
<br />Internal Service Funds
<br />Internal Service Funds are used to allocate certain internal costs to operating departments. The City
<br />has 19 Internal Service Funds. They include:
<br /> • Risk Management (1)
<br /> • Workers Compensation (2)
<br /> • Employee Benefits (2)
<br /> • Retiree Medical Reserve (2)
<br /> • Public Art Acquisition & Maintenance (1)
<br /> • Replacement & Renovation (11)
<br />In accordance with adopted financial policies and the General Plan, the City maintains 11 Replacement
<br />and Renovation Funds. The purpose of these Funds is to provide ongoing replacement of City assets;
<br />equipment, vehicles, street lights and traffic lights, and to make major repairs and renovations to
<br />facilities, parks, medians, and city wide tree trimming in order to extend the life of these assets. Adopted
<br />financial policies call for the establishment and maintenance of reserves including major maintenance
<br />and renovations of buildings, parks, and medians. This is accomplished by charging operating
<br />programs annually pursuant to a 20 to 30-year funding plan based on the asset replacement cost and
<br />estimated life of the capital asset.
<br />
<br />As described in Table 12 below, there are several internal services funds that total a net increase of $2.9
<br />million. All of the Internal Service Funds FY 2022/23 Mid-Term budget increases are drawing from fund
<br />balances.
<br />Table 12Table 12
<br />Internal Service Funds Expenditure IncreasesInternal Service Funds Expenditure Increases
<br />Fund
<br />FY 2022/23
<br />Original
<br />Budget
<br />FY 2022/23
<br />Mid-Term
<br />Budget Difference Explanation
<br />Police Vehicle Replacement $209,593 $887,700 $678,107 Replacing and adding radios, encryption of all
<br />portable radios and mobiles
<br />Equipment Replacement 749,260 1,300,000 550,740 Replacing and adding additional equipment
<br />that have been deferred
<br />Fire Apparatus Replacement 477,250 1,009,250 532,000 New vehicles - 3 Type 6 trucks
<br />Facilities Renovation 500,000 1,003,500 503,500 Renovations to PUSD Gym, and Detective
<br />Restroom
<br />Vehicle Replacement 536,000 886,000 350,000 Replacing additional vehicles that have been
<br />deferred
<br />Self-Insurance Retention 2,550,000 2,750,000 200,000 Increased insurance premiums based on
<br />increased rates
<br />Information Technology Replacement 200,000 300,000 100,000 Majority for wireless equipment upgrades,
<br />Cybersecurity and back-ups capacity increase
<br />Public Art Acquisition 22,000 15,000 (7,000)Decrease based on anticipated acquisitions
<br />Total $5,244,103 $8,151,450 $2,907,347
|