ITEM TITLE:
Council Consensus: Major Equipment Reserve
SUBMITTED BY: Rob Comstock, Public Works Director
FISCAL NOTES:
Expenditure Required: N/A
Unencumbered Balance: N/A
Funding Source: N/A
RECOMMENDATION:
Provide consensus for final budget figures
SUMMARY STATEMENT:
• Managed by Public Works Dept
• For equipment purchases exceeding $10K
• Budgeted by ten-year future average, plus inflation, to stabilize budget impact
• 2018 Budget = $2.2MM
• 2018 Purchases = $1.72MM
o $1.1MM scheduled replacements
o $636K newly scheduled items
• Attachments:
o Major Equipment Packet (1 pg)
o Major Equipment Schedule (9 pgs)