| ITEM #: 16. DATE: 05/23/2022 AI #:808 |
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CITY COUNCIL ACTION REPORT
| SUBJECT: | AUTHORIZATION OF EXPENDITURES IN EXCESS OF $500,000 FOR FY2023 |
| STAFF PRESENTER(S): | Ryan Bittle, Finance Manager |
SUMMARY
Authorize expenditures in excess of $500,000 for routine annual expenses for items such as utilities, fuel, insurance, landscape maintenance, trash collection, telecommunication & data, debt service, custodial services, vehicles and revenue collection based payments made under development agreements for FY2023.
Recommendation
Authorize the FY2023 listed expenditures in excess of $500,000. (Ryan Bittle, Finance Manager)
FISCAL IMPACT
The FY2023 adopted budget includes appropriations for the listed expenses in various funds and departments.
BACKGROUND AND PREVIOUS ACTIONS
Per resolution 08-1255 all expenditures of budgeted funds in excess of $500,000 must obtain council approval.
The FY2023 adopted budget will include appropriations for new and replacement vehicles, ongoing operating expenses used by the city departments in conducting daily business, and paying for developer agreement reimbursements. These expenses identified are paid routinely throughout the year. The estimated amounts are based on prior year usage, known rate increases, new vehicle supplemental requests, and fleet vehicle replacement plan.
The FY2023 adopted budget will include appropriations for new and replacement vehicles, ongoing operating expenses used by the city departments in conducting daily business, and paying for developer agreement reimbursements. These expenses identified are paid routinely throughout the year. The estimated amounts are based on prior year usage, known rate increases, new vehicle supplemental requests, and fleet vehicle replacement plan.
STAFF ANALYSIS
The following table of expenses have been identified that will exceed $500,000 in various funds and departments:
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