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Committee of the Whole/Documents/Appendix B Fleet Replacement Plan – 5-year excerpt
Appendix

Appendix B Fleet Replacement Plan – 5-year excerpt

November 10, 2020Page 762 sections

Financial projection for fleet replacement spending and reserve fund continuity through 2025.

6.2.3e Vehicle Fleet Replacement Plan Update
$740,000 in debt planned for 2022 fire vehicle replacement$380,000 fire replacement planned for 2021

Appendix B

Page 76

Fleet Replacement Plan – 5-year excerpt

Town of View Royal Fleet Replacement Plan 2021-2025 Financial Plan-Draft

Vehicles Fire / Municipal 2020 2021 2022 2023 2024 2025
1996 Kubota Municipal 81,600
2001 Chevrolet Silverado 1/2 Ton Municipal
2003 Ford F350 - Dually Dump Municipal 100,000
2004 Ford Ranger Municipal 45,000
2006 Ford F350 - Single rear wheel drive Municipal 70,000
2006 John Deere #2305 Municipal 40,000
2007 Chevrolet Silverado 1 Ton Municipal 70,000
2007 John Deere #3520 Municipal 56,400
2010 Nissan Frontier Municipal 55,000
2011 Ford Ranger Splash (Building) Municipal
2012 Mitsubishi Dump Municipal
2013 Honda Fit Municipal
2015 Chevrolet Colorado (Bylaw) Municipal
2019 Hyundai Ionic Municipal
1990 Mack Emergency Rescue Fire 520,000
1991 Navistar International Brush Truck Fire
1992 Superior E-One Fire 380,000 740,000
2000 Zodiac Fire 50,000
2002 Chevrolet Venture Fire
2005 Smeal Spartan Aerial Fire
2009 Chevrolet Tahoe Fire
2012 Smeal Spartan Gladiator Fire
2016 Ford F150 Fire
2016 Ford F150 Fire
2019 Chevrolet Tahoe Fire
Subtotal 703,000 470,000 810,000 70,000 55,000 100,000
Funding source Fire / Municipal 2020 2021 2022 2023 2024 2025
Fire Dept M&E Reserve Fire - (50,000) - - - -
Machinery & Equipment Reserve Municipal (183,000) (40,000) (70,000) (70,000) (55,000) (100,000)
Debt - - (740,000) - - -
Grants or other (520,000) (380,000)
Subtotal (703,000) (470,000) (810,000) (70,000) (55,000) (100,000)

Continuity Schedules

Fire Dept M&E Reserve

2020 2021 2022 2023 2024 2025
Opening bal 124,619 157,711 140,465 173,874 207,951 242,710
Contribution 30,000 30,000 30,000 30,000 30,000 30,000
Draws - (50,000) - - - -
Interest earned (assuming 2%) 3,092 2,754 3,409 4,077 4,759 5,454
Ending bal 157,711 140,465 173,874 207,951 242,710 278,164

Machinery & Equipment Reserve

2020 2021 2022 2023 2024 2025
Opening balance 303,177 187,347 215,067 212,737 210,357 223,237
Contribution 63,500 63,500 63,500 63,500 63,500 63,500
Draws (183,000) (40,000) (70,000) (70,000) (55,000) (100,000)
Interest earned (assuming 2%) 3,670 4,220 4,170 4,120 4,380 3,730
Ending balance 187,347 215,067 212,737 210,357 223,237 190,467
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Extracted from: 2020 11 10 Committee of the Whole Agenda - Agenda - Pdf