|
Fleet replacement fund activity resulted in a $267,377 increase to net position compared to a planned increase of
<br />$92,700. This was mainly due to capital outlay purchases not shown as an expense on this table, a capital contribution
<br />from the general fund, and a gain on the sale of vehicles.
<br />Fleet Replacement Fund 2014 2015 Change from 2014
<br />Actual Budget Actual Variance Percent Dollars
<br />Operating revenues:
<br />Customer charges
<br />Operating expenses:
<br />Professional services
<br />Depreciation
<br />Total operating expenses
<br />Operating income (loss)
<br />Nonoperating activity
<br />Interest on investments
<br />Change in fairvalue of investments
<br />School grant
<br />Capital outlay
<br />Capital contribution
<br />Gain (loss) on disposal of assets
<br />Transer i n
<br />Total nonoperating activity
<br />Change in net position
<br />Beginning net position
<br />Ending net position
<br />$ 407,899
<br />$ 421,300
<br />$ 421,300
<br />$ -
<br />3.3%
<br />$ 13,401
<br />6,627
<br />-
<br />16,802
<br />(16,802)
<br />153.5%
<br />10,175
<br />377,107
<br />-
<br />413,435
<br />(413,435)
<br />9.6%
<br />36,328
<br />383,734
<br />-
<br />430,237
<br />(430,237)
<br />12.1%
<br />46,503
<br />24,165
<br />421,300
<br />(8,937)
<br />(430,237)
<br />-137.0%
<br />(33,102)
<br />58,511
<br />58,000
<br />39,699
<br />(18,301)
<br />240,316
<br />-
<br />(11,038)
<br />(11,038)
<br />9,000
<br />-
<br />9,000
<br />9,000
<br />-
<br />(548,000)
<br />-
<br />548,000
<br />-
<br />-
<br />39,029
<br />39,029
<br />24,243
<br />-
<br />38,203
<br />38,203
<br />161,421
<br />161,400
<br />161,421
<br />21
<br />493,491
<br />(328,600)
<br />276, 314
<br />604,914
<br />517,656
<br />$ 92,700
<br />267,377
<br />$ 174,677
<br />8,380,084
<br />8,897,740
<br />$ 8,897,740
<br />$ 9,165,117
<br />Total actual capital costs were $438,302.
<br />The transfer in was received from the general fund for the DUI squad purchased from the grant.
<br />A gain on the sale of the vehicle is calculated by taking the sale proceeds and subtracting the difference of the
<br />cost of the vehicle less how much it has been depreciated. In 2015, some of the larger gains were seen by the
<br />sale of the 1987 Luverne Commander Fire truck and the lease return of the 2015 John Deere Tractor/Backhoe.
<br />Roughly $27,000 of the gain was from the sale of fully depreciated city vehicles.
<br />
|