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Schiller Park draft budget includes fixed-asset reserve funds and 20-year vehicle replacement schedule
Summary
Staff outlined fixed-asset reserve funds for vehicle and equipment replacement across departments, including police, fire, public works and community development, with schedules based on 20-year replacement plans included in the FY 26/27 draft budget.
During the budget presentation, staff described the village's approach to capital asset replacement, including fixed-asset reserve funds that smooth the cost of replacing vehicles and major equipment over time. The draft budget includes specific replacement funds for police squad cars, fire department vehicles, public works trucks, community development/playground vehicles, and a general major repair & replacement fund covering equipment for all departments.
Staff said replacement schedules are based on 20-year vehicle and equipment plans with department contributions set aside to cover future replacement costs. The board reached consensus to advance the budget with minor adjustments; no formal action was taken to adopt capital projects at this meeting.
