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<br />V. Fire Equipment Fund (457) <br /> <br />Background: <br />The Fire Equipment Fund was created in 2013 to accumulate funds for future fire apparatus purchases. <br />The property tax levy has been set at a constant level of funding of $160,000 per year since that time. <br /> <br />Source of Funds: <br />The property tax levy of $160,000 per year is main source of funding for this fund. In addition, the Little <br />Canada Fire Department makes periodic donations to the City, which are accounted for in this fund. <br />The following are major planned equipment purchases and fire station building improvements in the <br />future two years: <br /> <br />Year Equipment Amount <br />2024 Turnout Gear $50,000 <br />2025 Efflorescence Remediation $250,500 <br />2025 Generator $40,000 <br />2025 SCBA Fill Station & Compressor $42,000 <br />2025 Equipment Room Upgrades $30,000 <br />2025 Grass rig/pickup $80,556 <br /> <br />Fund Outlook: <br />With a continued property tax levy of $160,000 per year, the fund will have sufficient funds for the fire <br />apparatus purchases identified in the next ten years. <br /> <br /> <br /> <br /> <br /> <br /> <br />