ROSWELL NEW MEXICO
COMMITTEE AGENDA ITEM ABSTRACT
COMMITTEE AGENDA ITEM ABSTRACT
9.
Finance Committee
- Meeting Date:
- 08/07/2025
COMMITTEE:
Finance
CONTACT:
Toni Gomez
CHAIR:
Robert B. Corn
ACTION REQUESTED:
Consider approval to purchase two CDL buses from the City of Roswell budget and Federal budget from Creative Bus Sales, Model 1, using State of Oklahoma Contract SW0797C. (Hicks)
BACKGROUND:
Initiated by: Becky Hicks.
The NMDOT has been saving insurance funds for the City of Roswell from wrecked buses. At this time, they are holding $114,837.33 in insurance funds that they are willing to apply to our portion of the new buses. They have already agreed to pay the City portion of the FY2025 non-CDL bus order that was placed last year in the amount of $39,638.60. The balance remaining of the extra funds is $75,198.73. This year's City cost to order two new CDL buses is $83,286.80. The overage cost of $8,088.07 will be transferred from our Fuel account in our current FY2026 budget that was already approved by the Council.
The NMDOT has been saving insurance funds for the City of Roswell from wrecked buses. At this time, they are holding $114,837.33 in insurance funds that they are willing to apply to our portion of the new buses. They have already agreed to pay the City portion of the FY2025 non-CDL bus order that was placed last year in the amount of $39,638.60. The balance remaining of the extra funds is $75,198.73. This year's City cost to order two new CDL buses is $83,286.80. The overage cost of $8,088.07 will be transferred from our Fuel account in our current FY2026 budget that was already approved by the Council.
FINANCIAL CONSIDERATION:
The total cost for these buses is $8,088.07, which can be funded by the approved budget for FY2026 Transit, as authorized by the City Council. A budget adjustment of $408,345.93 will be necessary, with $408,345.93 allocated to Revenue and $408,345.93 to Expense. This adjustment has been included in this month's request from the Finance Department.
Funding Source: An increase to revenue line 2610 443100 in the amount of $408,345.93 and an increase to expense line 26104511 817506 in the amount of $408,345.93.
Funding Source: An increase to revenue line 2610 443100 in the amount of $408,345.93 and an increase to expense line 26104511 817506 in the amount of $408,345.93.
LEGAL REVIEW:
No legal review is required at this time
BOARD AND COMMITTEE ACTION:
The Infrastructure Committee recommended that it be sent to the Finance agenda, then for consent on the City Council agenda, 5-0 at its meeting on July 21, 2025.
STAFF RECOMMENDATION:
Proceed as presented.