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East Grand Forks outlines capital equipment fund use and considers township cost‑share for next fire engine
Summary
City staff reviewed the Central Equipment Fund (Fund 703) schedule and financing rules and presented a township proposal for jointly purchasing future fire engines, including a potential MOU and planned order timelines.
Carla Anderson, staff member (finance), and Fire Chief Jeff Bushey briefed the East Grand Forks City Council on the city’s Central Equipment Fund and a township proposal to jointly buy future fire engines.
Anderson said the Central Equipment Fund (Fund 703) is an internal service fund the city uses to finance large equipment purchases and to cover a benefit accrual fund for accumulated sick leave. She described the city practice of “financing ourselves”: departments budget payments into Fund 703 and then repay equipment costs over a nine‑year amortization schedule at a 3% internal charge. “We pay it back in 9 years,” Anderson said, noting capital purchases since 2012 — a 2012 ladder…
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