Laserfiche WebLink
H. City Budget Percentage is the percentage derived from the sum of the City Market <br />Percent multiplied by 0.7 and the City Call Percent multiplied by 0.3. <br />16.2 Budget Share Computation: <br />City Budget Share is the City Budget Percentage multiplied by the Annual Ooeratino <br />Budget less any Major Equipment expenditures and the resulting product divided by 100. <br />16.3 Formulae for Calculations <br />A. City Market Percent = (B x 100) / (C) percent <br />where B = City Fire Service Area Market Value <br />C = Total Fire Service Area Market Value <br />B. Call Percent = (E x 100) / (F) percent <br />where E = City Call Hours <br />F = Total Call Hours <br />C. City Budget Percentage = [ (City Market Percent x 0.70) + (Call Percent x 0.30) ] <br />D. City Budget Share = (City Budget Percentage /100) x (Annual Operating Budget less <br />Major Equipment expenditures) <br />E. The City Budget Share of Major Equipment expenditures is determined under the <br />provision of Section 17. <br />16.4 City Call Hours, Total Call Hours, City Fire Service Area Market Values Total Fires <br />Service Area Market Value, and City Budget Percents for 1998 are shown In Appendix B <br />attached. <br />13.5 The Annual Budget Package for 1998 (Which includes the Annual Operating Budget <br />for 1998, the Year Two Budget (for 1999), and the Year Three Budget (for 2000) are <br />shown in Appendix C attached. <br />17. Major Equipment Funding <br />Each Contracting City agrees to maintain Its own fund for Major Equipment. Major <br />Equipment is defined as "rolling stock' or similar major equipment assets required for <br />performing the fire department mission in the Fire Protection Area. To qualify as Major <br />Equipment such assets must have a initial purchase value of at least $20,000.00. When a <br />Major Equipment item is to be purchased the following process for sharing the funding will <br />be used.