(8)(b)
CITY COMMISSION REGULAR MTG
- Meeting Date:
- 10/19/2022
- Title:
- Amend fiscal year 2022-2023 budget
- Submitted For:
- Laura Boyd
- Submitted By:
- Laura Boyd, Finance
- Department:
- Finance
Information
ACTION REQUEST
Consider and take action on Ordinance No. 2022-26, amending the City's fiscal year 2022-2023 budget to appropriate additional funds for purchase of Police Department vehicles.
BACKGROUND (Brief Summary)
In the fiscal year 2022-2023 budget, adopted by City Commission, the Police Department budget included 13 vehicles for $678,645.00. Unfortunately, Ford Motor Company is no longer honoring the quotes received prior to budget adoption. The new quotes have increased the total price of the 13 vehicles by $135,900.00. Please see the attached email from Police Department, the old quotes, and the new quotes.
Due to the significant price increase, a budget amendment is warranted. Funding will come from the Capital Equipment Replacement Fund unassigned fund balance.
RECOMMENDATION
Budget Amendment:
Capital Equipment Replacement Fund (Fund 602) Police (Department 201):
Operating Equipment & Vehicles $135,900.00
Unassigned Fund Balance ($135,900.00)
Capital Equipment Replacement Fund (Fund 602) Police (Department 201):
Operating Equipment & Vehicles $135,900.00
Unassigned Fund Balance ($135,900.00)