Title
PRESENTATION CONCERNING ESTABLISHING A FLEET FINANCING STRATEGY
Craig Millar, Director of Finance provided a presentation concerning the possibility of establishing a fleet financing strategy.
Mr. Millar discussed slides concerning the following topics:
• The City’s Fleet Assets including licensed vehicles and non-licensed equipment;
• A graph illustrating the state of fleet assets from very poor to very good;
• A chart illustrating fleet maintenance and repair costs;
• A graph illustrating the Life Cycle Costs for the Fleet;
• The criteria for establishing a Cost Effective Fleet Replacement Program; and
• The need to reinvest more to save on long term costs associated to the fleet.
Members of the Committee asked a number of questions and received responses from City staff.