1996 AGN JUL 02 I17 - Laserfiche WebLink

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MAY -2-2-1996 12:11 FROM CITY OF COLTON RDA TO CITY MANAGER P.11 Reserve Analysis HSON /MaCt Contributions ftftreplaomuma of0ty 11M Vehicles and equipmeon"d1l MICUMtDbe &aWd to user AmdS. ToW replacement costs included in 1he FY 1994-95 budget equals S%4.OW. C�upiW Equ4mmW Rept"Ment RMWM cdy CAp=d Fgsad Pohcy: Ivisintam a Capital Equipment Replaoment sehodult and maintain adequate roomy= to Amd. it. To date, only ftd vehicles have been set up on a replaommt Schedule. Funding wS3 Allocated in FY 1994-95 for a full capital assets invmtory, which will be conduftd in this ftud yew and wiH We=fy andtatolog all Gentral Fund asoots and establish a ropkoevw= schedule ibr these assets. I Until that study is completed, a precise determination can not be made ragording fuhm neadL However, $100,= was Alocated In PY 1994-93 to ft now CAPW EqUIPMew 910018010004 Reserve Pund a a madt ofrecanunandations contained In the 1994 LTFP. VrAWn do $100,000 allocaW to the fund. $30,000 %vas allocated for the capital assets brm=7. Recommendation i. Eaamih a Capitat Equipment Rcpbcwww schedult and conftft funding ft Capital Equipment Ramve; Fund at $100,000 amuolly. r��" �771 L7 An allocWon of $100,000 was butigged in FY 1904-95. 1U Finmial Forecast has inootporated an annual allocation of $100,000 in each yew of the five you fiMUWW fimeMOL 10