2009-10 Adopted Budget - City of Hoquiam

Q. Equipment Rental Reserve Fund - #505Overview:The Equipment Reserve Fund provides for the accounting of resources from alloperating funds for use in acquiring vehicles and equipment. Separate balances aremaintained for each operating fund making a contribution, and funds are accumulatedover the course of one or more years and funds are then utilized to acquire the requiredvehicles and equipment.For 2009, this fund begins the year with a $1,595,000 cash balance.Revenues:All resources of the Equipment Reserve Fund come in the form of transfers from otherfunds. For 2009 and 2008, $255,150 and $280,030 in combined transfers are providedrespectively from the General Fund, Street Fund, Water and Storm for future vehiclereplacement.Appropriations:In 2009, there are $278,000 in acquisition requests for six new vehicles. Therefore, thisamount is shown as a transfer to the Equipment Rental Fund. In 2010, there are$89,000 in acquisition requests for three new vehicles.112