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years has resulted in higher rental rates as staff adjusts to ensure appropriate value <br />accumulates in the fund offsetting inflationary demands impacted the cost of new <br />equipment. Several years ago, staff determined to maintain a ending fund balance in <br />Fund 501 allowing for replacement of critical PW equipment — but not all. The idea <br />being that inevitably, some equipment will exceed our predictive replacement schedule <br />and force early replacement. The likelihood of the entire fleet being destroyed in a single <br />catastrophic event is unlikely. Our current minimum ending fund balance is set at one <br />million dollars and the operating fiuid balance is set at two million dollars. <br />PW business practices (daily, weekly, monthly, and annual) will continue within the <br />framework of the adopted policy. <br />FISCAL IMPACTS: <br />None anticipated. <br />ATTACHMENTS: <br />EXHIBIT 1: DRAFT ER&R POLICY <br />101,412,11,610 MROMATIMM"N' <br />EXHIBIT 3: PW BUSINESS PRACTICE 05/28/2018 <br />Page 2 of 5 <br />Public Works "Work Session Staff Report", 2023 <br />