EQUIPMENT RENTAL TRANSFER POLICY

FOR THE VILLAGE OF NASHVILLE

 Adopted 11-24-09

It is the policy of the Village of Nashville to transfer, on a quarterly basis, a set amount from each department that uses DPW equipment to the equipment fund.

Departments that will transfer a set amount of money on a quarterly basis to the equipment fund are:

            Parks

            Library

            Cemetery (village general fund account)

            LAS

            Major Streets – routine maintenance

            Major Streets – snow removal

Local Streets – routine maintenance

Local Streets – snow removal

            Sewer

            Water

Major Streets – M-66 equipment rental is not included in this quarterly transfer because actual hours and equipment used are needed for state reports.

This transfer will be used to:

1) Pay for the use of equipment used by each department

2) Supply an income for payroll and bills for the garage/equipment department &

3) Supply an income to pay for new equipment when needed

The amount will be set on an annual basis by the Finance Committee during the process of adopting the new budget each year.