FY 21-25 CIP

thru FY 21 FY 25

Capital Improvement Plan City of Spencer, Iowa

Department Airport

Contact Public Works Director

Type Equipment

Project #

23-AIR-001

Useful Life 15 Years

Project Name Plow Truck

Category Equipment: Vehicles

Priority 2 - Essential

Total Project Cost: $220,000

Description The proposed project would purchase a new tandem truck with dump body, front plow and wing plow.

Justification This truck will replace a 2006 Sterling truck. The truck will be 16 years old at the time of replacement. The truck is the main plow truck for the airport. However, it is used for street operations as conditions warrant. Proposed funding will be 60% Airport Reserves and 40% Street Equipment Reserve.

Expenditures

Total

FY 21

FY 22

FY 23

FY 24

FY 25

Equipment

220,000

220,000

220,000

220,000

Total

Funding Sources

Total

FY 21

FY 22

FY 23

FY 24

FY 25

Airport Reserve

132,000

132,000

PW Equipment Reserve

88,000

88,000

220,000

220,000

Total