Page 297 - City of Mansfield FY22 Operarting Budget

Multi-Year Summary
Equipment Replacement Fund

Budget Budget Budget Budget Budget
Equipment 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 Total
Prior Year Funding $ -
Bond Proceeds -
Transfers 1,924,648 2,769,008 3,304,670 2,830,153 3,852,522 14,681,001
Total $ 1,924,648 $ 2,769,008 $ 3,304,670 $ 2,830,153 $ 3,852,522 $ 14,681,001

Equipment Replacement Budget Budget Budget Budget Budget
Operational Cost 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 Total
Estimated Repair Savings 13,000 13,390 13,792 14,205 14,632 $ 69,019
Estimated Fuel Savings 1,391 1,432 1,475 1,519 1,565 7,382
Total $ 14,391 $ 14,822 $ 15,267 $ 15,725 $ 16,197 $ 76,401

The Equipment Replacement Fund may be funded via a combination of certificates of obligation,
expenditure savings, intergovernmental transfers, and/or sales of fully depreciated vehicles and
equipment. The preferred method for funding new equipment is with cash, as opposed to issuing debt.

In FY 2021-2022, the General Fund will transfer $1,924,648 for vehicles, equipment, technology
enhancements and facility improvements. Funding for these items was approved by City Council during
budget work sessions.

Project Impacts

The primary operational impacts in the Equipment Replacement Fund are related to the reduction in
vehicle and equipment repair costs.

• 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 – the sale of city property via online auctions offsets the city’s borrowing costs
by redirecting proceeds for the purchase of new equipment.

A complete list of equipment to be purchased in FY 2021-2022 is provided on the next page.

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