July 1, 2013 Regular Mtg - City of Anoka

COUNCIL MEMO FORMMeeting Date July 1, 2013Agenda Section New BusinessItem Description Approval of Equipment Replacement Plan (ERP)Submitted ByLori Yager, Finance Director11.2BACKGROUND INFORMATIONThe final copy of the 2014 – 2018 five-year equipment replacement plan for the City of Anoka has beenprovided. Council and staff reviewed this document in detail at the work session on Monday, June 24, 2013.There was one change since the meeting on the 24 th which is the inclusion of replacing network switches. Theadditional dollar amount for 2014 is $6,200 from the data processing internal service fund.The document is a planning document, which will be reviewed annually. The first year of the document,(2014), will be implemented into the 2014 budget process.Adoption of this document provides an essential tool for long range financial planning and management.FINANCIAL IMPACTSee document detailsCOUNCIL ACTION REQUESTEDAdopt the City of Anoka “2014 – 2018 Equipment Replacement Plan” through motion.274 of 360