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<br />94.03 <br />Subject: <br /> <br />Alternate uses of capital recovery funds <br /> <br />Reference: ACSEC policy <br /> <br />Source: <br /> <br />Policy: <br /> <br />9 4.04 <br />Subject: <br /> <br />August 7, 1998 letter to regional council <br /> <br />Funds from the capital recovery account (Le. deposits into this account <br />or interest earned) may not be used for any other purpose except for <br />their original intent (Le. for the specific equipment in which funds were <br />set aside). <br /> <br />Capital recovery and use of funds for other purposes <br /> <br />Reference: Financial policy and use of capital recovery funds <br /> <br />Source: <br /> <br />Policy: <br /> <br />94.05 <br />Subject: <br /> <br />May 27, 1998 letter to regional council <br /> <br />In regard to the temporary use of monies from a capital recovery fund to <br />accommodate cash flow problems within the 9-1-1 program, it is <br />ACSEC's policy that capital recovery funds are to be used only for the <br />replacement of equipment for which those monies were set aside. <br /> <br />Capital Recovery Policy <br /> <br />Reference: 1994 Guidelines for Capital Recovery and CPE Set Aside <br /> <br />Source: <br /> <br />Policy: <br /> <br />94.06 <br />Subject: <br /> <br />May 15, 1998 letter to regional council <br /> <br />Clear directives were promulgated in 1994 that clarified the capital <br />recovery process, the method of calculation, and how it is to be used for <br />equipment replacement. It is ACSEC's policy that the capital recovery <br />account is not to be used as a depository for excess funds. <br /> <br />Capital recovery and recovery period for equipment <br /> <br />Reference: Commission direction <br /> <br />Source: <br /> <br />April 27, 1998 Commission meeting follow-up memo <br /> <br />ACSEC Policies and Procedures <br />Febroary 1999 <br /> <br />Page 17 <br />