Appendix
ATTACHMENT 1 – COST BREAKDOWN SUMMARY (EV Trucks)
October 1, 2024Page 401 section
A detailed financial breakdown of the estimated costs for the two proposed EV truck purchases, including trade-ins and insurance reimbursements.
Parks Truck Replacement Total: $61,000 (after $26,800 ICBC reimbursement)Engineering Truck Replacement Total: $80,000 (after $9,000 trade-in value)Combined recommended budget: $141,000
ATTACHMENT 1 – COST BREAKDOWN SUMMARY
The cost breakdown and suggested budgeting for both trucks are summarized below. All costs are approximate as the selling price, shipping fees and additional equipment purchased are not yet committed. A 5% contingency is recommended to account for unknown costs above and beyond the assumptions below.
Parks Truck Replacement (not in current budget):
| Description | Amount |
|---|---|
| Selling Price (net of GST) | $74,950 |
| ICBC Reimbursement | -$26,800 |
| Equipment (Truck box liner and rack, rear hitch basket, logos & decaling, safety lighting) | $10,000 |
| Subtotal | $58,150 |
| Total + Contingency | $61,000 |
Engineering Truck Replacement (current budget $55,000):
| Description | Amount |
|---|---|
| Selling Price (net of GST) | $74,950 |
| Shipping Fee | $2,000 |
| Trade in Value: Nissan Frontier (Approximate) | -$9,000 |
| Equipment (Truck box liner and rack, logos & decaling, safety lighting) | $8,000 |
| Subtotal | $75,950 |
| Total + Contingency | $80,000 |
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Extracted from: 2024 10 01 Council Agenda - Agenda - Pdf