(9)(c)
CITY COMMISSION REGULAR MTG
- Meeting Date:
- 07/17/2019
- Title:
- Amend fiscal year 2018-2019 budget
- Submitted For:
- Laura Boyd
- Submitted By:
- Laura Boyd, Finance
- Department:
- Finance
Information
ACTION REQUEST (Brief Summary)
Consider and take action on Ordinance No. 19-18, amending the City's fiscal year 2018-2019 budget to appropriate funds for purchase of capital items for the Public Works Department. (Finance)
BACKGROUND
As referenced in Resolution 19-057 and Resolution 19-058, the Public Works Department is purchasing a 2017 Doosan Model DL200-5 wheel loader and a 2015 685C Motor Grader.
The wheel loader cost of $99,900, after trade-in, and the motor grader cost of $95,762, will be funded through the City's Capital Equipment Replacement Fund, Miscellaneous Equipment account.
ANALYSIS
Budget Amendment:
Capital Equipment Replacement Fund (Fund 602):
Miscellaneous Equipment $195,662.00
Unassigned fund balance ($195,662.00)
Capital Equipment Replacement Fund (Fund 602):
Miscellaneous Equipment $195,662.00
Unassigned fund balance ($195,662.00)