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E n s u r i n g a S t r o n g F u t u r e 68 | P a g e APPENDIX B - BUDGET EXCERPTS Appendix B contains excerpts from the Fiscal Year '18–'22 Budget (Budget). The Budget identifies the projected expenditures and revenues necessary to accomplish the goals of this Plan. Based on the Cost of Service Study, it provides the necessary revenues to fund the initiatives in the Plan. The entire Budget is a separate, comprehensive document developed in accordance with the California Society of Municipal Finance Officers (CSMFO) standards. Operating Budgets The Statements of Operations on page B-1 to B-6 present the revenues and expenses for each operation and combined for the five years of the Plan. The bottom of the Statements of Operations shows the net increase or decrease in the fund balance. Page B-7 shows the fund balance activity for each fund. Summary Departmental Budgets The Summary Departmental Budgets on B-8 & B-9 present each department's operating expense budget for the five years of the Plan by category. Detailed operating expense budgets for each department are included in the Five Year Budget document. Capital Equipment The Capital Equipment Budget on B-10 & B-11 lists the planned capital equipment expenditures for the Five Year Plan. The equipment is listed by department at their expected cost and anticipated useful life. District policy has set the capitalization threshold for reporting capital assets at $5,000 and an estimated useful life of greater than five years; anything lower than the threshold is expensed. Capital Improvement Budget Page B-12 shows the CIP budget for the Five Year Business Plan by funding source. The list on pages B-13 & B-14 shows all the anticipated projects by type, estimated cost and projected expenditure date for the Five Year Plan. The District CIP does not include the Park.