[Grovenet] funding fire trucks

[Kevin Van Dyke]

David Morelli wrote:
   
  The concept of collecting money in advance for future purchases is
not that unusual.  There is even an accounting term for it, "sinking
fund".  Agencies use it to purchase things like fire trucks (snip)
  
Would taxpayers accept funding future purchases from money collected
today to avoid the interest charges?  They might. (snip)
   
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  More than might, they have and I hope they continue to do so.  I am budget officer for Forest Grove Rural Fire Protection District.  We have an apparatus reserve fund where we do in fact collect money today for purchases planned in the future.  Fire apparatus cost $500,000-$750,000 each, without this fund we'd be asking voters for levy approval to purchase these pieces of equipment.  The board of directors feels that saving ahead for planned puchases makes more sense.
   
  Kevin Van Dyke
   
   
   
   

       
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