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The CIP Committee, working with the Fire Chief, developed this table in 2001 and updates it annually. It shows all of the current fire/rescue vehicles with their: estimated replacement cost, estimated useful life, replacement schedule and total estimated replacement costs for a 20 year period. With the goal of developing a CIP Plan that levels the annual capital costs, the CIP Committee has placed $80,000 in the CIP plan each year for the replacement of fire/rescue vehicles. The Board of Selectmen have submitted an annual Warrant Article proposing that $80,000
be placed in the Fire Equipment Capital Reserve Fund. These Warrant Articles have been approved by the voters each year. Spending money from this fund requires the vote of Town Meeting.
Vehicle |
Make |
Year of Mfg. |
New/Used Purchase |
Planned Retirement (Year) |
Estimated Replacement Cost (2007 $s) |
Command |
Ford |
2004 |
New* |
2014 |
$35,000 |
Engine-1 |
KME |
2003 |
New |
2027 (25 yrs) |
$308,000 (can purchase used) |
Rescue-2 |
Chevrolet |
2006 |
New |
2016 |
$150,000 (would not buy used) |
Forestry-4 |
GMC |
1994 |
New** |
2014 (20 yrs) |
$40,000 |
Tanker-5 |
Pierce |
1993 |
New |
2018 (25 yrs) (to reserve) |
$350,000 (can purchase used) |
Rescue-6 |
Ford |
1994 |
New |
2012 |
$150,000 |
Engine-7 |
KME |
1987 |
New |
2012 (25 yrs) |
$350,000 |
Snorkel-8 |
Pierce/ Snorkel |
1969 |
Used |
TBD*** |
$250,000 (assume purchase of used apparatus) |
*Vehicle was obtained through a donation from Eastern Development Corp. as part of the Home Depot site development project. No Town funds were expended in the procurement of this vehicle
** Purchased with assistance from the Plaistow Firemen’s Association.
*** Status of Snorkel will depend on overall condition of vehicle and economic feasibility of expending funds for major repairs.
FIRE EQUIPMENT CAPITAL RESERVE FUND CASH FLOW |
Year |
2007 |
2008 |
2009 |
2010 |
2011 |
2012 |
2013 |
Revenue |
$80,000 |
$80,000 |
$80,000 |
$80,000 |
$80,000 |
$80,000 |
$80,000 |
Expense |
|
|
$150,000 |
|
|
$300,000 |
|
Balance |
$176,662 |
$266,662 |
$186,662 |
$266,662 |
$346,662 |
$126,662 |
$206,662 |
|
|
|
|
|
|
|
|
Year |
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
Revenue |
$80,000 |
$80,000 |
$80,000 |
$80,000 |
$80,000 |
$80,000 |
$80,000 |
Expense |
$75,000 |
|
|
|
$350,000 |
|
|
Balance |
$211,662 |
$291,662 |
$371,662 |
$451,662 |
$181,662 |
$261,662 |
$341,662 |
|
|
|
|
|
|
|
|
Year |
2021 |
2022 |
2023 |
2024 |
2025 |
2026 |
|
Revenue |
$80,000 |
$80,000 |
$80,000 |
$80,000 |
$80,000 |
$80,000 |
|
Expense |
$150,000 |
|
|
$185,000 |
$308,000 |
|
|
Balance |
$271,662 |
$351,662 |
$431,662 |
$326.662 |
$98,662 |
$178,662 |
|
| |
