The Capital Revolving Fund finances the purchase of vehicles, equipment, building repairs and improvements for Fremont County agencies and component units. Purchases averaged $1.2 million annually for the five years ending June 30, 2012. Agencies are charged monthly rental payments which include a finance charge based on market yield for U.S. Treasury securities. The fund is administered by the Fremont County Treasurer.
The Capital Revolving Fund was instituted in 1994 to finance the purchase of four motorgraders. The County’s General Fund has provided capital contributions totaling $3.9 million since inception. Total assets were $6.5 million at the end of the 2012 fiscal year. The 2013 budget and five year projection anticipates no additional capital contributions and annual purchases ranging from $1.2 to $1.5 million annually for the next five years.
These reports are updated periodically. Questions may be addressed to Jim Massman 307-332-1099 (email@example.com).
Capital Revolving Fund Report - Last updated May 3, 2013. This report lists items currently authorized for purchase through the Capital Revolving Fund and their status.
Listing of Current Leases - Last updated May 3, 2013. This report lists current leases by department with the lease payment amounts due for fiscal year 2013 and 2014.