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AI# 11569
Regular City Council Meeting
5.1.
05/23/2023:
Information
Agenda Item
Budget Ordinance Amendment 1st Reading - Finance:
Consider Budget Ordinance Amendment 18, amending the FY 2022-23 budget for municipal purposes respecting the General Fund, Airport Fund, Water/Wastewater Fund and the Fleet Capital Fund to appropriate funding for Capital Improvement Project 92827, FY 2023-24 Pre-Purchase Vehicles; providing for filing; and providing for a savings clause.
Item Summary
Fleet Operations continues to experience issues in ordering and receiving vehicles and has identified challenges related to the purchase of vehicles. Several vehicle vendors have expressed that in order to secure 2024 model year vehicles, vehicles should be ordered as vehicle order windows open with the various manufacturers. 2024 model purchasing windows are set to open in late spring and early summer.
Staff recommends that the City Council authorize the purchase of a portion of the most essential vehicles that are up for replacement in FY 2023-24 in the current fiscal year.
This budget amendment is for the intended purchase of forty-two (42) vehicles across the General, Water/Wastewater and Airport funds.
I. Establish Capital Improvement Project 92827, FY 2023-24 Pre-Purchase Vehicles, and appropriate funding in the amount of $3,030,000. The funding will be from the General Fund balance and the Water/Wastewater fund balance.
II. Increase transfer to Fleet Capital in the General Fund in the amount of $2,820,000, from $2,228,666 to $5,048,666.
III. Increase transfer to Fleet Capital in the Water/Wastewater Fund in the amount of $210,000, from $706,640 to $916,640.
IV. Amend the Field Maintenance Operating budget in the Airport Fund by $70,000, from $1,271,671 to $1,341,671, for pre-purchase of the vehicle. Funding will be from Airport fund balance.
Fiscal Impact
Included in Item Summary
Staff/Board Recommending
D. Blu Kostelich, Chief Financial Officer
Attachments
Budget Amendment #18
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