To: Board of Supervisors
From: Public Works
Agenda Section: Consent
Vote Requirement: 4/5th
SUBJECT:
title
Supplemental Budget for Roads Heavy Equipment Fiscal Year 2023-24 (4/5 Vote Required)
end
RECOMMENDATION(S):
Recommendation
That the Board of Supervisors:
1. Approve the Supplemental Budget request for Public Works’ Roads Heavy Equipment (3540330) in the amount of $895,733. (4/5 Vote Required)
Body
STRATEGIC PLAN:
This action supports the following areas of your Board’s Strategic Plan.
Area of Focus: Core Services/Other 9999 - Core Services/Other
Strategic Plan Category: 9999 - Core Services/Other
DISCUSSION:
Roads Heavy Equipment placed an order for replacement heavy equipment during fiscal year (FY) 2022-23 consisting of two dump trucks and a sweeper. The purchase was delayed in delivery which caused vehicles and equipment to arrive in the current FY 2023-24. The funding for the equipment was not “rolled” over to FY 2023-24 when the budget was adopted causing a shortfall in planned expenditures. Due to the arrival of these vehicles in FY 23-24, fixed asset expenditures increased by $895,733.
SOURCE OF FUNDING:
Roads Heavy Equipment 3540330
FINANCIAL IMPACT:
|
Expenditures (3540330) |
FY23-24 |
FY24-25 Projected* |
FY25-26 Projected* |
|
Budgeted Expenses |
|
|
|
|
Additional Appropriation Requested |
$895,733 |
|
|
|
Total Expenditures |
$895,733 |
|
|
*Projected amounts are estimates and are subject to change.
|
Funding Sources (3540330) |
FY23-24 |
FY24-25 Projected* |
FY25-26 Projected* |
|
Fees/Other |
$262,777 |
|
|
|
Use of Fund Balance |
$632,956 |
|
|
|
Total Funding Sources |
$895,732 |
|
|
*Projected amounts are estimates and are subject to change.
Narrative Explanation of Financial Impact:
The total amount required for the supplemental budget is $895,733. There is not impact to the General Fund. At the end of FY 22-23 there was a cash balance of $632,956 in the Roads Heavy Equipment Fund (3540). Roads Heavy Equipment has increased rates that will cover the increased costs in equipment in FY 23/24.
STAFFING IMPACT:
Narrative Explanation of Staffing Impact:
N/A
OTHER AGENCY INVOLVEMENT:
N/A
ALTERNATIVES TO STAFF RECOMMENDATIONS:
The Board may choose not to approve the supplemental request. However, this is not recommended as the funding was previously allocated and equipment will need to be paid for this current year.
ATTACHMENTS:
1) Supplemental Budget
PREVIOUS ACTION/REFERRAL:
Meeting of: N/A
File No.: N/A