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Fleet replacement fund activity resulted in a $353,920 increase to net position compared to a planned increase of
<br />$162,663. This was mainly due to capital outlay purchases not shown as an expense on this table and an unbudgeted
<br />depreciation expense.
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<br />• Total actual capital costs were $1,434,042. The primary difference is a result of two large purchases, a fire
<br />pumper truck for a total cost of $556,831 and the Jetter/Vacuum truck totaling $ 244,912, which were budgeted
<br />in 2015 with the actual capital purchase in 2016.
<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 2016, the largest gain was seen by the $18,000
<br />sale of the 1999 International dump truck. Roughly $34,000 was realized as gains from the sale of several fully
<br />depreciated city vehicles.
<br />• Ending cash balance is $5,650,326.
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<br />Fleet Replacement Fund 2015
<br />Actual Budget Actual Variance Percent Dollars
<br />Operating revenues:
<br />Customer charges 421,300$ 434,900$ 434,900$ -$ 3.2%13,600$
<br />Operating expenses:
<br />Professional services 16,802 - 11,338 (11,338) -32.5%(5,464)
<br />Depreciation 413,435 - 423,790 (423,790) 2.5%10,355
<br />Total operating expenses 430,237 - 435,128 (435,128) 1.1%4,891
<br />Operating income (loss)(8,937) 434,900 (228) (435,128) -97.4%8,709
<br />Nonoperating activity
<br />Interest on investments 39,699 61,200 77,652 16,452
<br />Change in fair value of investments (11,038) - (24,539) (24,539)
<br />Intergovernmental 9,000 9,000 9,000 -
<br />Capital outlay - (584,800) - 584,800
<br />Capital contribution 39,029 - - -
<br />Gain (loss) on disposal of assets 38,203 - 49,672 49,672
<br />Transer in 161,421 242,363 242,363 -
<br />Total nonoperating activity 276,314 (272,237) 354,148 626,385
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<br />Change in net position 267,377 162,663$ 353,920 191,257$
<br />Beginning net position 8,897,740 9,165,117
<br />Ending net position 9,165,117$ 9,519,037$
<br />2016 Change from 2015
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