General Government Capital Projects
Vehicle & Equipment Replacement
Project Location
Not Applicable
Type of Project
Asset Management
Current Project Stage
On-going
Project Lead
Public Works
Project Description The Vehicle & Equipment Replacement ( VERT ) program identifies vehicles and small equipment that are nearing the end of their useful life as Town assets and makes recommendations for annual replacements , as well as sourcing vehicles associated with new positions . Town staff provide information about vehicles and equipment along with their department budgets . As part of this process , staff ranks new and any remaining requests for vehicles and equipment based on a variety of factors and makes recommendations for approving asset replacement within the annual budget .
Purpose of Project VERT allows the town to track assets nearing the end of their useful life and plan for timely replacement of vehicles and assets , given that lead time on ordering these items can sometimes be several months or more . The program also allows staff to request new assets without having to absorb the high cost of a vehicle or equipment in their departmental budget .
Project Funding Overview Total Project Cost Prior Year Expenditures Futures Year Costs $ 12,485,000 $ 1,485,000 $ 11,000,000
EXPENDITURES |
PRIOR YEAR FUNDING |
FY 2025 |
FY 2026 |
FY 2027 |
FY 2028 |
FY 2029 |
GRAND TOTAL |
VERT |
$ 1,485,000 |
$ 2,560,000 |
$ 2,200,000 |
$ 2,200,000 |
$ 2,200,000 |
$ 2,200,000 |
$ 12,845,000 |
Total |
$ 1,485,000 |
$ 2,560,000 |
$ 2,200,000 |
$ 2,200,000 |
$ 2,200,000 |
$ 2,200,000 |
$ 12,845,000 |
REVENUES |
PRIOR YEAR FUNDING |
FY 2025 |
FY 2026 |
FY 2027 |
FY 2028 |
FY 2029 |
GRAND TOTAL |
General Fund |
$ 1,485,000 |
$ 2,560,000 |
$ 2,200,000 |
$ 2,200,000 |
$ 2,200,000 |
$ 2,200,000 |
$ 12,845,000 |
Total |
$ 1,485,000 |
$ 2,560,000 |
$ 2,200,000 |
$ 2,200,000 |
$ 2,200,000 |
$ 2,200,000 |
$ 12,845,000 |
222 5