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CAPITAL RESERVE FUNDS (CRF)
Fire Apparatus CRF
MISSION
The purpose of the Capital Reserve Fund is to set aside funds annually to plan for and replace large Fire
Apparatus as a future pay-as-go capital outlay. This avoids resource competition and increasing debt
obligations for shorter life-cycled items.
SERVICE TO COMMUNITY
The Capital Reserve Fund provides the means to ensure fire safety equipment is mission ready to protect
the safety and wellbeing of the community.
BUDGET NOTES
New Initiatives & Priorities
Cost Value
Ladder 2 Fire Apparatus Replacement
1,250,000
Total
$1,250,000
FIRE APPARATUS CAPITAL RESERVE FUND
2017 Actual
2018 Actual
2019 Estimated 2020 Proposed
Beginning Balance
602,704
$
1,259,704
$
494,149
$
901,227
$
Interest Earnings
5,000
$
5,445
$
7,078
$
-
$
Transfer in from General Fund
652,000
$
400,000
$
400,000
$
350,000
$
Transfer out to General Fund
-
$
(1,171,000)
$
-
$
(1,250,000)
$
Ending Fund Balance
1,259,704
$
494,149
$
901,227
$
1,227
$
Year Over Year % Change Total
109.0%
-60.8%
82.4%
Year Over Year $s Change Total
657,000
$
(765,555)
$
407,078
$