Created in 2009, the Fleet Internal Service Fund has performed well during its first five years. Under the Fleet Internal Service Fund, vehicles and equipment used by all Village departments, except Police and Fire & Rescue, were consolidated under one management system. This new equipment pool was created to streamline the sharing of equipment among Village departments.
With this structure, maintenance and replacement costs are factored into a pay-per-use system for each participating Village department. Through the pay-per-use system, the Village sets money aside for future repair and replacement needs in order to avoid borrowing to purchase equipment.
The Fleet Internal Service Fund has built a solid base of funds to purchase vehicle replacements. The fund has also helped the Village to better estimate the number of hours spent maintaining the fleet. A majority of equipment and vehicle maintenance is performed in-house by Village employees.
During 2014, the Fleet Internal Service Fund has plans to purchase: a used single axle service truck; two replacement pick up trucks; a ballfield maintenance machine; a mini excavator; a replacement sewer video camera; a compost turner; a replacement front end loader; a truck lift; an appraisal vehicle; a replacement van for transporting youth; a grapple bucket for a track excavator; and maintenance related software. The Fleet Internal Service Fund will make the 2014 purchases without incurring any debt.