TL;DR (generated · confidence: high)

The Fire Capital Fund (Fund 405), established in 2019, enables Portland Fire & Rescue to plan and finance capital asset repair and replacement across apparatus, facilities, and equipment. The fund lacks a dedicated revenue source and relies on one-time allocations. Without additional funding, the fund is projected to be depleted within three to five years.

Key points (each cites a PDF page):

Fire Capital Fund created via Ordinance 189560 on June 12, 2019; became active July 1, 2019 (p. 1100 ↗)
Portland Fire & Rescue operates 31 fire stations, one training center, one logistics center, and approximately 50 frontline engines, trucks, and specialty apparatus (p. 1100 ↗)
Fund contains three sub-funds: apparatus, facilities, and equipment (p. 1100 ↗)
Fund has no dedicated revenue source; Fire Bureau sets aside funds on one-time basis from prior bond proceeds (p. 1100 ↗)
100% of Fire Bureau's operating budget has been utilized for operational expenditures each year since fund inception (p. 1100 ↗)
2026-27 Proposed Budget: $5.615M total expense with $5.365M internal revenue and $250K external revenue (p. 1100 ↗)
Fund projected to be depleted in three to five years without additional capital funding allocation (p. 1101 ↗)

Amounts: $7,256,585 · $6,989,788 · $7,507,963 · $5,615,000 · $250,000 · $5,365,000 · Dates/FTE: June 12, 2019 · July 1, 2019 · Programs: Fire Capital Fund · SCBA (self-contained breathing apparatus) · Turnout gear · Parties: Portland Fire & Rescue · Portland Fire Bureau

Fire Capital Fund

Source: PDF pp. 1100-1101 ↗ · raw: 1100 · 1101

Breadcrumb: Fund Summaries > Public Safety. > Fire Capital Fund

City of Portland Fiscal Year 2026-27 Proposed Budget Public Safety> Fire Capital Fund Fire Capital Fund Fund Summary 2024-25 Actuals 2023-24 Actuals 2025-26 Revised Budget 2026-27 Proposed Expense $7,256,585 $6,989,788 $7,507,963 $5,615,000 Bureau Expense $0 $0 $2,016,095 $0 Fund Expense $0 $0 $5,491,868 $5,615,000 Contingency $0 $0 $5,491,868 $5,615,000 Unappropriated $7,256,585 $6,989,788 $0 $0 Ending Fund Balance $7,256,585 $6,989,788 $0 $0 Revenue $7,256,585 $6,989,787 $7,507,963 $5,615,000 External Revenues $266,797 $168,456 $252,000 $250,000 Miscellaneous $266,797 $168,456 $252,000 $250,000 Internal Revenues $6,989,788 $6,821,331 $7,255,963 $5,365,000 Beginning Fund $6,989,788 $6,821,331 $7,255,963 $5,365,000 Balance Fund Overview The Fire Capital Fund (Fund 405) was amended into City Code 5.04.580 via Ordinance 189560 on June 12, 2019 and became an active fund on July 1, 2019. Portland Fire & Rescue (Fire Bureau) is responsible for the operation, maintenance, and replacement of 31 fire stations, a training center, a logistics center, and fire prevention offices. The Bureau also operates and maintains approximately 50 frontline engines, trucks, and specialty apparatus. Additionally, Fire Bureau provides specialized personal protective equipment for firefighters, such as self-contained breathing apparatus (SCBA) and turnout gear. The goal of the Fire Capital Fund is to improve Fire Bureau’s ability to plan, finance, and set aside funds for the repair, replacement, and renewal of assets. The fund contains three sub-funds reflecting the Bureau’s three major asset classes: apparatus, facilities, and equipment. As funding is identified, the fund will reduce the Bureau’s reliance on one-time funds and ensure intergenerational equity in distributing the costs of providing Fire Bureau’s core public safety services. The fund does not currently have a dedicated revenue source. Fire Bureau sets aside funds on a one-time basis as available, which was possible with prior bond proceeds intended for capital purchases. Since the inception of the fund, there has not been any opportunity for Fire Bureau to continue to seed the fund; each year,100% of the Bureau’s operating budget has been utilized for operational expenditures. Managing Agency Portland Fire Bureau 1100

City of Portland Fiscal Year 2026-27 Proposed Budget Significant Changes from Prior Year The fund is anticipated to be depleted in three to five years if no additional funding is allocated to Fire Bureau for replacement of its capital assets. 1101

Parent: Public Safety. · PDF: pp. 1100-1101 ↗