Page 287 - CityofMansfieldFY23Budget

Multi-Year Summary
Equipment Replacement Fund

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 2022-2023, the General Fund will transfer $2,662,245 for vehicles, equipment, technology
enhancements and facility improvements. Funding for these items was approved by City Council during
budget work sessions.

Due to supply chain shortages resulting from COVID-19, much of the capital equipment approved in the
last two years has not been received, and therefore, prior year funding of $2,554,080 was carried forward
in the FY 2022-2023 budget year.

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 2022-2023 is provided on the following pages.

283