2009-10 Adopted Budget - City of Hoquiam

P. Equipment Rental Fund - #501Overview:The Equipment Rental fund accounts for all maintenance of City rolling stock andequipment. There is one mechanic in this department that ensures the City has safeand reliable equipment while providing basic maintenance services.The adjacent page summarizes this fund’s proposed budget, which includes revenuesof $592,960 in 2009 and $414,180 in 2010.Revenues:As an internal service fund, this fund's revenue sources are paid by other Citydepartments utilizing the services of the City Mechanic. Additionally, funds aretransferred to this fund from the Equipment Rental Reserve Fund for current yearvehicle purchases. For the 2009-2010 Biennium, $623,640 is budgeted from other Citydepartments for vehicle maintenance and current year purchases.In 2009, $278,000 is included as a transfer from the Equipment Rental Reserve Fundfor new vehicle purchases. In 2010, $89,000 is included for future vehiclereplacements.Appropriations:Total operating appropriations include 100% of payroll costs for the City’s mechanic andother costs associated with vehicle maintenance. For the 2009-2010 biennium,$1,049,020 is budgeted for this internal service which includes the mechanic, vehiclepurchase and fuel expenditures.110