Equipment Rental
Goal: The Equipment Rental Fund will maintain rental rates sufficient to cover all operating costs and replacement reserve.
Equipment rental rates will be sufficient to cover operating and maintenance costs, property and liability insurance coverage, plus depreciation and to establish a reserve sufficient to replace vehicles and equipment at the end of their useful lives. The reserve will include the estimated replacement cost of vehicles and equipment, recognizing that replacement costs often escalate. Rates will be adopted by resolution and will be reviewed at least annually to determine if revenues cover all costs.
Equipment is depreciated over its estimated useful life. Below is a listing of the general categories of equipment and their estimated lives:
|
Vehicle Type |
Estimated Life |
|---|---|
|
Dump Truck |
6 – 10 years |
|
Pick-up Truck |
6 – 7 years |
|
Tractors |
7 – 10 years |
|
Sweepers |
5 – 7 years |
|
General automobiles |
5 – 9 years |
|
Police patrol vehicles |
3 years |
|
Sewer Cleaners |
8 years |
|
Mowers |
4 – 7.5 years |
|
Sanitation Trucks |
10 years |
|
Police Scooter |
6 years |
|
Fire Engine |
20 years* |
|
Ambulances |
12 years* |
* Information only, not accounted for in the Equipment Rental Fund
