Laserfiche WebLink
Within each enterprise fund, the City shall establish a funding mechanism to provide for the <br />306 <br />general replacement of related infrastructure throughout the community. The funding should <br />307 <br />equal the amount of accumulated depreciation recorded on all enterprise fund system assets. <br />308 <br />309 <br />From time to time the City Council shall establish additional replacement funds as the need <br />310 <br />and funding ability becomes available <br />311 <br />312 <br />The City should periodically review and follow industry-recommended replacement <br />313 <br />schedules for all City capital assets. <br />314 <br />315 <br />Implementation <br />316 <br />The City shall use replacement funds to assist in the replacement of equipment, vehicles, and <br />317 <br />building maintenance. New equipment or buildings are to be funded from new dollars, <br />318 <br />unless they are designated to replace currently depreciated assets. Funds from the <br />319 <br />replacement funds may be used up to the amount available from depreciation of the replaced <br />320 <br />asset. Any additional funding shall be from new sources. <br />321 <br />322 <br />Page 9 of 12 <br /> <br />