© Times-Herald photo by Lisa Goudy
Moose Jaw city hall is pictured.
Councillors received the preliminary equipment reserve budget at Monday's meeting.
There is $70,424 in increased costs to the equipment reserve budget.
Those costs are spread over the operating, utility and capital budgets, reflective of increased operating costs and replacement costs. The 2014 equipment reserve budget request is $2.93 million in equipment.
“The purpose of the equipment reserve is to provide a vehicle to ensure that funding is in place to purchase new equipment as old equipment wears out,” said Brian Acker, director of financial services. “Funds within the equipment reserve generate interest.”
Council received the preliminary equipment reserve budget at Monday’s council meeting. It was unanimously referred to budget committee.
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