Public Safety Endowment
This fund was established by Ordinance No. 4276 dated December 19, 1994, when the city became the beneficiary of a bequest in the will of Elnor C. Ackerman Barton. Additional bequests to the Public Safety Department that may be received from time to time may also be deposited into this fund. Money generated from these bequests is to be used for training and education of the Oakwood safety officers, or to aid and improve the living facilities of the officers. Expenditures must be approved by the city manager.
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| Actual | Actual | Actual | Actual | Budget | |
|---|---|---|---|---|---|
| 2022 | 2023 | 2024 | 2025 | 2026 | |
| ($) | ($) | ($) | ($) | ($) | |
| Revenue | |||||
| Donations | - | - | - | 1,532 | - |
| Interest | 1,273 | 4,809 | 4,430 | 5,688 | 7,500 |
| Total Revenue | 1,273 | 4,809 | 4,430 | 7,220 | 7,500 |
| Contractual Services | |||||
| Safety Officer Training | - | - | - | - | 5,000 |
| Facility Improvements | - | - | 14,888 | - | 15,000 |
| Other | - | - | - | - | - |
| Total Contractual Services | - | - | 14,888 | - | 20,000 |
| Capital Outlay | |||||
| Equipment | 125 | 26,024 | 289 | 250 | 5,000 |
| Training | - | - | - | - | - |
| Other | 22,326 | 3,035 | - | - | - |
| Total Capital Outlay | 22,451 | 29,059 | 289 | 250 | 5,000 |
| Miscellaneous | |||||
| Other | - | - | - | - | - |
| Total Miscellaneous | - | - | - | - | - |
| Total Expenditures | 22,451 | 29,059 | 15,177 | 250 | 25,000 |
| Excess (Deficiency) of | |||||
| Revenues over Expenditures | (21,178) | (24,250) | (10,747) | 6,970 | (17,500) |
| Net Change in Fund Balance | (21,178) | (24,250) | (10,747) | 6,970 | (17,500) |
| Cash Balance, Jan. 1 | 214,862 | 193,684 | 172,219 | 161,472 | 168,442 |
| Add: Receipts | 1,273 | 4,809 | 4,430 | 7,220 | 7,500 |
| Less: Disbursements | (22,451) | (26,274) | (15,177) | (250) | (25,000) |
| Cash Balance, Dec. 31 | 193,684 | 172,219 | 161,472 | 168,442 | 150,942 |
| Less: Outstanding Encumbrances | - | (2,785) | (2,785) | - | - |
| Unencumbered Fund Balance, Dec. 31 | 193,684 | 169,434 | 158,687 | 168,442 | 150,942 |