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Committee debates equipment fund, ambulance billing and long-term replacement planning
Summary
University Heights finance committee discussed creating a dedicated equipment fund, ambulance billing practices, replacement cycles for large apparatus and potential sinking-fund approaches; no ordinance or vote was adopted.
The University Heights Finance Committee held an extended discussion on whether to create a dedicated equipment fund to capture revenues for major purchases such as ladder trucks, fire engines and other large equipment.
Fire Chief Perko explained the request grew from prior discussions about replacing a ladder truck and the long lead time and rising costs for apparatus. "At about the time we pay [the current ladder truck] off, we're going to need to replace it," Chief Perko said, adding that supply-chain and cost increases have raised replacement prices and that the department currently has no reserves for such purchases.
Councilmembers and staff debated two models: (1) creating department-specific restricted funds (for…
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