The Capital Revolving Fund finances the purchase of vehicles, equipment, building repairs and improvements for Fremont County agencies and component units. Purchases averaged $862 thousand annually for the five years ending June 30, 2015. 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 General Fund contributed $3.9 million in capital since inception. The fund had $7.4 million of assets at the end of fiscal year 2015. The 2016 budget and five year projection anticipates no additional capital contributions and annual purchases ranging from $0.7 to $1.5 million annually for the next five years. The fund also financed a portion ($2.46 million) of the Justice Center in Riverton and improvements to Green Mountain Park ($294 thousand) and the County Fair Grounds ($124 thousand).
These reports are updated periodically. Questions may be addressed to Jim Massman 307-332-1099 (email@example.com).
Status of Authorized Purchases – Last updated June 15, 2016. This report lists items currently authorized for purchase through the Capital Revolving Fund and their status.
Listing of Current Leases – Last updated June 15, 2016. This report lists current leases by department with the lease payment amounts due for fiscal year 2016 and 2017.