SPECIAL FUNDS
Fund 574: FLEET SERVICES FUND The Fleet Services Fund is the operating fund that provides for all vehicle maintenance, fueling and replacements. In addition to vehicles, this fund accounts for the replacement, ongoing maintenance, and operation of significant equipment. Significant equipment is defined as equipment costing $5,000 or more and has a useful life of more than two years. The useful life assigned to significant equipment is based upon established City policy and is consistent with generally accepted equipment life cycles and/or based upon City experiences. Fleet Services manages the City's fleet vehicles and equipment. Rental rates are charged to the various user departments and those rates are designed to recover the associated replacement, maintenance and fuel costs. Those rental rates, based on this fund's operating budget and costs, are included in each department's budgeted expenditures. FY 2019-20 vehicle purchases are estimated at $1.7 million and $ 1.5 million in FY 20-21.
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FY 2019-21 Proposed Budget
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