2.2.
CC Work Session
- Meeting Date:
- 11/18/2019
Information
Title:
2020 Capital Equipment Requests
Purpose/Background:
To continue review of the components of the 2020 General Fund Budget requests.
Included in the proposed 2020 General Fund Budget is $471,000 of capital equipment requests. The largest of the capital items requested is the first half funding of a Fire Engine in the amount of $325,000 to replace the city's current 1999 engine. Funding for these capital items will be from the Equipment Revolving Fund. After these proposed expenditures, the fund will have an estimated 2020 year-end balance of $102,000.
The 2020-2029 Capital Improvement Plan outlines these capital equipment expenditures for 2020 and also for the next nine years.
Staff will review the capital equipment requests, not only for year 2020, but also for years 2021-2024 to show the possible tax impact in these future years as the Equipment Revolving Fund is not sufficient to cover all requests after year 2020.
Included in the proposed 2020 General Fund Budget is $471,000 of capital equipment requests. The largest of the capital items requested is the first half funding of a Fire Engine in the amount of $325,000 to replace the city's current 1999 engine. Funding for these capital items will be from the Equipment Revolving Fund. After these proposed expenditures, the fund will have an estimated 2020 year-end balance of $102,000.
The 2020-2029 Capital Improvement Plan outlines these capital equipment expenditures for 2020 and also for the next nine years.
Staff will review the capital equipment requests, not only for year 2020, but also for years 2021-2024 to show the possible tax impact in these future years as the Equipment Revolving Fund is not sufficient to cover all requests after year 2020.
Timeframe:
20 minutes
Funding Source:
Equipment Revolving Fund for Year 2020
Responsible Party(ies):
Finance Director
Outcome:
Review of 2020-2024 Capital Equipment Requests and its funding source(s) for the respective years.
Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Kurt Ulrich | Kurt Ulrich | 11/14/2019 04:27 PM |
- Form Started By:
- Diana Lund
- Started On:
- 11/14/2019 07:26 AM
- Final Approval Date:
- 11/14/2019