The committee discussed the apparatus replacement fund and strike team reimbursements with the fire chief and finance staff. The strike-team reimbursements have a lag (often six months) between deployment and reimbursement, and the fire chief maintains a spreadsheet of anticipated receipts. The staff report showed a running balance just under $90,000; staff recommended a $5,000 journal transfer from a capital fund approved at the prior meeting, which would raise the fund balance when posted.

The fire chief said his internal accounting indicated the fund should be closer to $97,000 after including support‑vehicle rental reimbursements that had been recorded in a different line ("support vehicle") rather than as equipment. Committee members and staff discussed whether the council intended the apparatus replacement fund to hold equipment and vehicle replacement costs as well as strike‑team revenue. The chief estimated year‑to‑date strike‑team reimbursements at roughly $76,000 and noted the fund could grow if winter assignments occur.

Staff clarified the apparatus reserve is an account within the general fund (not a separately invested account) and discussed options for placing idle cash (e.g., money market or ICS sweep‑like products) while keeping liquidity for winter cash‑flow needs.

Ending: Staff will reconcile strike‑team reimbursements, post the $5,000 transfer journal entry and return with an updated fund balance and recommended policy treatment for support‑vehicle replacement.