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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 8, 2022Page 352 sections

A 5-year financial plan (2023-2027) detailing projected vehicle replacement costs and reserve funding.

3 MINUTES OF PREVIOUS MEETINGS, ADOPTION OF
$1,485,000 total projected replacement costs in 2023$1,000,000 projected for 1991 Navistar replacement in 2026$1,400,000 projected for 1992 Superior E-One replacement in 2023

Appendix B

Page 35

Fleet Replacement Plan – 5-year excerpt

Town of View Royal

Fleet Replacement Plan

2023-2027 Financial Plan

Vehicles Fire / Municipal 2022 2023 2024 2025 2026 2027
1996 Kubota Municipal 81,600
2019 Chevrolet Silverado 1/2 Ton Municipal
2003 Ford F350 - Dually Dump Municipal 100,000
2004 Ford Ranger (Mitsubishi) Municipal
2006 Ford F350 - Single rear wheel drive Municipal 85,000
2006 John Deere #2305 Municipal
2007 Chevrolet Silverado 1 Ton Municipal 85,000
2007 John Deere #3520 Municipal
2010 Nissan Frontier Municipal 55,000
2011 Ford Ranger Splash (Building) Municipal
2012 Mitsubishi Dump Municipal
2013 Honda Fit Municipal 55,000
2015 Chevrolet Colorado (Bylaw) Municipal
2019 Hyundai Ionic Municipal
2019 Mack Emergency Rescue #36 Fire
1991 Navistar Int'l Brush Truck #32 Fire 1,000,000
1992 Superior E-One #38 Fire 1,400,000
2000 Zodiac #34 Fire 49,000
2002 Chevrolet Venture Fire
2005 Smeal Spartan Aerial #35 Fire 47,000
2009 Chevrolet Tahoe Fire
2012 Smeal Spartan Gladiator #39 Fire
2016 Ford F150 Fire
2016 Ford F150 Fire
2019 Chevrolet Tahoe Fire
Subtotal 262,600 1,485,000 55,000 100,000 1,000,000 55,000
Funding source Fire / Municipal 2022 2023 2024 2025 2026 2027
Fire Dept M&E Reserve Fire (96,000) - - - - -
Machinery & Equipment Reserve Municipal (166,600) (85,000) (55,000) (100,000) - (55,000)
Debt - - - - (1,000,000) -
Grants or other - (1,400,000) - - - -
Subtotal (262,600) (1,485,000) (55,000) (100,000) (1,000,000) (55,000)
Check - - - - - -

Continuity Schedules

Fire Dept M&E Reserve

2022 2023 2024 2025 2026 2027
Opening bal 197,373 136,043 171,404 207,472 244,261 281,786
Contribution 32,000 32,000 32,000 32,000 32,000 32,000
Draws (96,000) - - - - -
Interest earned (assuming 2%) 2,670 3,361 4,068 4,789 5,525 6,276
Ending bal 136,043 171,404 207,472 244,261 281,786 320,062

Machinery & Equipment Reserve

2022 2023 2024 2025 2026 2027
Opening balance 304,198 205,118 187,288 199,708 166,468 234,568
Contribution 63,500 63,500 63,500 63,500 63,500 63,500
Draws (166,600) (85,000) (55,000) (100,000) - (55,000)
Interest earned (assuming 2%) 4,020 3,670 3,920 3,260 4,600 4,860
Ending balance 205,118 187,288 199,708 166,468 234,568 247,928
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Extracted from: 2022 11 08 Committee of the Whole Agenda - Agenda - Pdf