Town of Blacksburg

PROJECT DETAILS/COST ESTIMATE

Department

Public Works

Project Title

Transfer to Equipment Depreciation Fund

Status

Existing

Project Description

This fund was established to set aside each year, on a cumulative basis, enough funding to allow for the replacement of equipment that has reached the end of its useful life. The list on the following pages contains equipment presently included in the replacement fund. Funding in this manner eliminates instances in which a large equipment purchase for the General Fund, Water and Sewer Fund, CDBG Fund and Solid Waste Fund would require an increase in taxes, fees or utility service rates.

Goal Addressed

Transportation

Estimated Start Date

Estimated End Date

Continuing

Continuing

Funded through 6/30/2026

Total Five Year CIP

Funding Sources

Total Project Funding

FY2027 FY2028 FY2029 FY2030 FY2031

General Fund

Continuing Continuing Continuing Continuing Continuing Continuing Continuing Continuing

Continuing 1,182,849 1,182,849 1,182,849 1,182,849 1,182,849 $5,914,245 Continuing 1,104,758 1,104,758 1,104,758 1,104,758 1,104,758 $5,523,790 Continuing 737,294 737,294 737,294 737,294 737,294 $3,686,470 Continuing 429,156 429,156 429,156 429,156 429,156 $2,145,780 Continuing 235,523 235,523 235,523 235,523 235,523 $1,177,615 Continuing 412,172 412,172 412,172 412,172 412,172 $2,060,860 Continuing $4,105,752 $4,105,752 $4,105,752 $4,105,752 $4,105,752 $20,528,760 Continuing 4,000 4,000 4,000 4,000 4,000 $20,000

General Fund - Fire Dept. General Fund - Police Dept. General Fund - Rescue Squad

Stormwater Fund Solid Waste Fund Water/Sewer Fund

Total Sources

Appropriated through 6/30/2026 FY2027 FY2028 FY2029 FY2030 FY2031

Total Five Year CIP

Expenditure Type Design/Engineering

Total Project Cost

$0 $0 $0

$0 $0 $0

Construction

Land Acquisition

Vehicles/Equipment

Continuing Continuing

Continuing 4,105,752 4,105,752 4,105,752 4,105,752 4,105,752 $20,528,760 Continuing $4,105,752 $4,105,752 $4,105,752 $4,105,752 $4,105,752 $20,528,760

Total Uses

Operating Impact

No additional operational costs are anticipated.

Town of Blacksburg

160

FY 2027-2031 Adopted