City of Morgan Hill Adopted Budget FY 2016-17 and FY 2017-18

 CITY OF MORGAN HILL  FY 16-17 and 17-18  OPERATING AND CIP BUDGET  CITY OF MORGAN HILL  FY 16-17 and 17-18  OPERATING AND CIP BUDGET  CITY OF MORGAN HILL  FY 16-17 and 17-18  OPERATING AND CIP BUDGET  CITY OF MORGAN HILL 

Equipment Replacement [790-8500]

ACTIVITY DESCRIPTION The Equipment Replacement Fund provides a mechanism for the City to budget and fund future replacement of vehi- cles and equipment. Each department that uses City vehicles or equipment with future replacement funding is charged an annual fee based on future replacement costs and the useful life for each item. This program continues to provide a basis for the City to plan for and achieve incremental costs related to equipment and vehicle replacement to smooth fluctuations in the City budget in any given fiscal year. As part of the biennial budget process, Finance Department will continue to provide a budgetary planning tool for departments including calculation of salvage values, serviceable life spans, accounting replacement contribution, and interest distribution. These tracking tools will be updated periodically. The Equipment Replacement Management Committee will work to increase coordination between departments in managing their equipment and vehicles. FINANCIAL COMMENTS Pre-funding of vehicle and equipment replacement provides for a measure of budget predictability, insures timely re- placement which enhances safety and efficiency, and reduces the need for deficit spending based on a large capital outlay in any given fiscal year. For FY 16-18 Biennial Budget, the following equipment is proposed to be replaced. The Budget also calls for an expedited repayment schedule of SVRIA costs for the infrastructure, consoles and radios for the Fire and Police department. The initial cost of approximately, $1,000,000, was funded by an advance from the Equipment Replacement fund. The plan is to have the costs repaid within three years or by FY 18-19, instead of the prior repayment schedule of ten years.

City of Morgan Hill Vehicle Replacement Schedule

Fiscal Year

Department Police Dept Police Dept Public Works Public Works Public Works Public Works Streets

Vehicle Description

Replacement Cost

16-17 16-17 16-17 16-17 16-17 16-17 16-17 16-17 16-17 17-18 17-18 17-18 17-18 17-18 17-18 17-18

2008 Ford Crown Victoria (K-9 car) 2009 Ford Crown Victoria 2007 Backhoe 1760T 1994 Bobcat Excavator 1998 Jacobsen Bobcat Trailer 2003 Ford F450 HD Reg Cab with Dump

$

67,535 67,535 126,626 90,000 80,000 50,000 27,465 22,437 536,598 67,535 67,535 67,535 67,535 40,000 80,000 60,000 450,140 5,000

1982 Jeep AM Genl 4 Cycl

Building Building

2001 Chevy Silverado

2007 Chevrolet Silverado 15 truck

$

Police Dept Police Dept Police Dept Police Dept Public Works Public Works Public Works

2011 Chevrolet Malibu 2010 Ford Crown Victoria 2010 Ford Crown Victoria 2010 Ford Crown Victoria

$

2005 Club Car Model 294 Diesel 2007 Ford F-450 Utility Truck 2007 Ford F-350 Utility Truck

$

 CITY OF MORGAN HILL  FY 16-17 and 17-18  OPERATING AND CIP BUDGET  CITY OF MORGAN HILL  FY 16-17 and 17-18  OPERATING AND CIP BUDGET  CITY OF MORGAN HILL  FY 16-17 and 17-18

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