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<br />- <br /> <br />- <br /> <br />- <br /> <br />Listed below is the updated cost contributions: <br /> <br />$2,198,035 <br />$ 39,520 <br />$ 59,187 <br /> <br />Previous Costs <br />Chiefs vehicle (2004) <br />Utility vehicle <br /> <br />$2,296,742 <br /> <br />Revised Total <br /> <br />Actual Contribution <br /> <br />Arden Hills <br />North Oaks <br />Shoreview <br /> <br />$ 464,608 - 20.23% <br />$ 221,967. 9.66% <br />$1,610,167 ~ 70.11 % <br /> <br />What should have been contributed: <br /> <br />Amount <br /> <br />Shortfall <br /> <br />Arden Hills <br />North Oaks <br />Shoreview <br /> <br />$ 574,186 <br />$ 287,093 <br />$1,435,463 <br /> <br />$ 109,578 <br />$ 65,126 <br />$<174,704> . <br /> <br />If Arden Hills and North Oaks split the cost of Engine 1 on a 67%/33% basis (70,000 - <br />35,000), the new shortfall numbers would be: <br /> <br /> Actual Formula Shortfall <br />Arden Hills $ 534,608 $ 600,436 $ 65,828 <br />North Oaks $ 256,967 $ 300,218 $ 43,251 <br />Shoreview $1,610,167 $1501,088 $<109,079> <br /> $2,401,742 $2,401,742 -0- <br /> <br />The Board should discuss the capital cost allocation formula and determine how to best <br />handle the "catch up" of capital contributions so we can determine how to reimburse the <br />LJFD $105,000 for the recent engine purchase. , <br />