Page 297 - Mansfieldr FY20 Approved Budget

Drainage and Environmental Services Construction Fund

Drainage Capital Improvement Projects totaling $640,453 are proposed for FY 2019-2020. These include:

Drainage Improvements Estimated Cost
Hogpen Study Update $ 420,000

Carlin Road Relocation $ 165,000
Watson Branch H&H Study Update $ 55,453

Totals $ 640,453

Multi-Year Summary
Equipment Replacement Fund

Budget Budget Budget Budget Budget
Equipment 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 Total
Prior Year Proceeds $ -

Bond Proceeds 2,264,538 1,200,000 1,500,000 1,750,000 1,500,000 $ 8,214,538

Sale of City Property $ -

Transfers 882,597 $ 882,597
Misc Revenue $ -
Interest $ -
Total $ 3,147,135 $ 1,200,000 $ 1,500,000 $ 1,750,000 $ 1,500,000 $ 9,097,135

The Equipment Replacement Fund is funded via a combination of certificates of obligation, expenditure
savings, intergovernmental transfers, and/or sales of fully depreciated vehicles and equipment. Typically,
$800,000-$1,000,000 in new and replacement equipment is funded on an annual basis. In FY 2019-2020,
the amount to be funded is $3,147,135. The General Fund will transfer $882,597 for vehicles, equipment,
technology enhancements and facility improvements. Debt will be issued for the remaining $2,264,538 to
purchase a fire engine and 105’ platform truck to replace aging fire apparatus.

The primary operational impacts in the Equipment Replacement Fund are related to the reduction in
vehicle and equipment repair costs and proceeds from the sale of vehicles and equipment that are being
replaced.

Project Impacts

• Public Safety vehicles and equipment – replacement of vehicles and equipment on an annual
basis reduces down time and repair costs and provides Police and Fire the best available resources
to respond to emergencies.
• Repair Savings - reduces down time and enables staff to provide more proactive police patrols;
reduces major fire apparatus down time.
• Auction Proceeds - offsets borrowing costs by redirecting proceeds for the purchase of new
equipment.

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