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City auditor: Berkeley's fleet replacement fund is millions short, recommends new funding model
Summary
The city auditor reported the fleet replacement fund is underfunded by roughly $7 million versus APWA benchmarks and recommended the city revise its funding model and improve tracking before accelerating electric vehicle purchases.
The Berkeley city auditor told the council June 29 that the city's fleet replacement fund is materially underfunded and that the public works department lacks complete information to plan timely vehicle and equipment replacement.
The auditor reported the fund balance at about $15.8 million, versus an American Public Works Association recommended level of roughly $23 million, creating an estimated…
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