File #: TMP-23119    Version: 1 Name:
Type: Presentation - AC/RC Status: Received
File created: 9/19/2018 In control: Finance and Corporate Services Committee
On agenda: 9/26/2018 Final action: 9/26/2018
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.

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.