2009 Annual Operating and Capital Budget - Village of Huntley

VILLAGE OF HUNTLEY
EQUIPMENT REPLACEMENT FUND
Overview
The Equipment Replacement Fund (ERF) was established in Fiscal Year 1998. It is
primarily used as an account to purchase vehicles for each department. The Village
calculates a depreciation value on all vehicles then transfers the amount to the ERF.
After a certain number of years, funds have accumulated to purchase a vehicle needed
without using the General Fund. The only revenue received is that transfer of funds
from the General Fund and investment income; and the only expenditures are for
vehicles purchased for replacement.
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