VEHICLE REPLACEMENT MODEL GUIDELINES
  MAKE Ford Reference Number  723    
  MODEL F-150  
  DEPARTMENT 3910  
  YEAR PURCHASED 2006  
  CLASSIFICATION 1/2 ton  
MOUNTED BODY OR EQUIP. pickup  
   
  Value Remaining in Vehicle    http://www.kbb.com/[1] Kelley Blue Book (use trade-in value)  
     
     General Information [2]    
  Current Number of Miles  56953 5864 hours = 193,578 miles  
  Average Annual Mileage  4,660 "Current Number of Miles" divided by "Age of Vehicle"  
  Expected Mileage After 10 Years  55,920 "Average Annual Mileage" times "Expected Life of Vehicle"  
  Age of Vehicle (in years)  8  
  Interior/Exterior Condition  4 Scale of 1-5, with 1 being excellent  
  Type of Use  5 Scale based on type of service.  Vehicles with the lightest use  
  are rated 1, moderate use 3, and heavy use 5  
     Depreciation Information  
  Original Purchase Price  $33,815  
  Expected Life of Vehicle (in years)  8  
  Annual Depreciation (if any)  $0 Straight-line depreciation[3]  
  Amount of Depreciation Left  $0  
   
     Cost Information  
  Maintenance Cost-to-Date  $38,175 Value is taken from fleet maintenance (less fuel & accident repair)  
  Number of Hours in Shop  295.00 Value is taken from fleet maintenance records  
  Cost as a Percent of Original Price  112.9% "Maintenance Cost-to-Date" divided by "Original Purchase Price"  
     
  Unused Mileage  0
Based on a 100,000  mile minimum  
   
     City of Lawrence Rating  
                    (see below for explanation)  
  Age  8.00 1 point for every year of service  
  Miles/Hours  19.00 For every 10,000 miles or 300 hours, 1 points is added   
  Type of Use  5.00 Based on the "Type of Use" above  
  Reliability  4.00 Based on the "Number of Hours in Shop" above  
  Maintenance & Repair Costs  5.00[4] Based on "Maintenance Cost as a Percent of Original Price" above 
  Condition  4.00 Based on "Interior/Exterior Condition" above   
  Total  45.00  
   
       Overall Rating  fair Current CIP Replacement Schedule  2013  
   
[1]
If a price cannot be found in the Kelley Blue book, enter your best estimate of what the market would pay for the vehicle and note it as such.
[2]
Bret Glendening:
The condition of the vehicle and its mileage is taken into consideration in the Kelley Blue Book.

[3]
Depreciation should be calculated by dividing the purchase price by the number of years the vehicle is expected to be kept.  In our case, this figure would most likely be 10 years.  However, some vehicles may have a longer expected life, and for those vehicles, this life expectancy should be used.
[4]
Bret Glendening:
If the figure is greater than 80% - enter 5
If the figure is 60-80% - enter 4
If the figure is 40-60% - enter 3
If the figure is 20-40% - enter 2
If the figure is less than 20% - enter 1