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OPERATING AND CAPITAL BUDGET - Fayette County Government

OPERATING AND CAPITAL BUDGET - Fayette County Government

Fire Services In FY

Fire Services In FY 2008, the fund balance decreased for the first time in years. This was due to the funding of $3.7 million in various capital and CIP projects. FY 2010 projected revenues are slightly greater than expenditures. Fund balance should increase. CIP projects totaling $3.3 million for the construction/reconstruction of two fire stations were approved in FY 2010. These projects will be funded with monies made available from a project approved in FY 2008 that has been delayed until the 2015 fiscal year. The current FY 2008 project has been closed and monies have been transferred to fund balance in FY 2009. Estimated fund balance at the end of FY 2009 should be sufficient to maintain a working capital or reserve equal to three months of budgeted expenditures. This required reserve is projected to be $1.9 million. FY 2007 ACTUAL Fund Balance, June 30 5,337,839 FY 2008 ACTUAL 2,397,805 Street Lights FY 2009 UNAUDITED 6,130,842 FY 2010 PROJECTED 6,165,321 Fayette County has a street light program whereby residents of subdivisions can voluntarily request to be part of a street light district. The Street Light Special Revenue Fund is purposed to be self-supporting. For several years, fund balance has been decreasing due to insufficient revenues to cover expenditures. In FY 2009, a transfer from the General Fund of $60,000 was needed to cover an overage in fund balance. In May 2009, the Board of Commissioners approved to increase the street light district rates. For the 2010 fiscal year, revenue is projected to be sufficient to cover all expenditures. FY 2007 ACTUAL Fund Balance, June 30 37,700 FY 2008 ACTUAL 7,733 Emergency Medical Services (EMS) FY 2009 UNAUDITED 772 FY 2010 PROJECTED 3,772 Fund created for the new EMS tax district approved by the Board of Commissioners in FY 2008. This fund accounts exclusively for activities related to emergency medical services. Before FY 2008, revenue and expenditures related to EMS activities were included in the General Fund. Besides the net effect of FY 2008 revenues and expenditures, fund balance also included receivables ($774,577) that were originally included in the General Fund. Fund balance has increased for FY 2009. For FY 2010, fund balance should increase again as revenues are projected to be greater than expenditures. II - 29

FY 2007 ACTUAL Fund Balance, June 30 - FY 2008 ACTUAL 484,521 FY 2009 UNAUDITED 855,308 Library - Special Purpose Local Option Sales Tax (SPLOST) FY 2010 PROJECTED 1,062,710 The fund balance represents the balance of the unspent proceeds generated by the Special Purpose Local Option Sales Tax plus the interest income that has been earned to date. The funds are restricted to the purchase of resource materials and equipment and enhancements to the library. All revenues originally approved have been already collected and the only influx of funds is interest income earned. For FY 2010, a CIP project with an estimated cost of $1.02 million has been approved for the expansion of the library building and for the purchase of additional furniture and equipment. Monies for the project will come from fund balance. FY 2007 ACTUAL Fund Balance, June 30 1,694,013 FY 2008 ACTUAL 1,574,368 ENTERPRISE FUNDS Water System FY 2009 UNAUDITED 1,285,096 FY 2010 PROJECTED 25,328 For years, the Water System has maintained charges for services at levels that exceed operating expenses. Revenue from charges for services had been increasing every year. In FY 2008, revenue generated was not sufficient to cover incurred expenses. Again in FY 2009, revenue is not sufficient to cover expenses. In March of 2009, the Board approved a two-step rate increase for the system. The first step took effect in March 2009 and the second step to take effect in January 2010. This will generate necessary additional revenue to cover expenses and continue to improve water system infrastructure. For FY 2010, fund balance is projected to increase by approximately $0.56 million. FY 2007 ACTUAL Fund Balance, June 30 75,626,961 FY 2008 ACTUAL 76,634,525 II - 30 FY 2009 UNAUDITED 76,918,051 FY 2010 PROJECTED 77,481,004

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