To: Board of Supervisors
From: Public Works
Agenda Section: Consent
Vote Requirement: 4/5th
SUBJECT:
title
Appropriation Transfers to Establish a Fixed Asset Line for the Road Maintenance Budget, 1200325 (4/5 Vote Required)
end
RECOMMENDATION(S):
Recommendation
That the Board of Supervisors:
1. Approve the appropriation transfer (Attachment 1) to establish a fixed asset line in fiscal year (FY) 2023-24 for the purchase of one (1) new Paint Striper Truck and Striper in the amount of $739,037 in the Road Maintenance budget, 1200325, (4/5th Vote Required).
Body
SOURCE OF FUNDING:
Road Fund (1200)
DISCUSSION:
In FY 2023-24, the Humboldt County Department of Public Works experienced expenditures for fixed assets that were over the appropriation. Public Works is requesting that your Board approve the appropriation transfers to balance the budget for Road Maintenance, 1200325.
Public Works would like to transfer funds from Rents & Leases of Equipment and Vehicles to the fixed asset Equipment line for the purchase of a Paint Striping Truck and Striper, cab and chassis all necessary pieces of equipment, that were ordered in FY 2022-23, and not received until FY 2023-24. The purchase order was rolled over to the new year; however, the original purchase was budgeted in FY 2022-23.
FINANCIAL IMPACT:
|
Expenditures- Adopted (1200325) |
FY23-24 |
|
Budgeted Expenses |
$739,037 |
|
Total Expenditures |
$739,037 |
|
Funding Sources- Adopted (1200325) |
FY23-24 |
|
Fees/Other |
$739,037 |
|
Total Funding Sources |
$739,037 |
Narrative Explanation of Financial Impact:
This item recommends transferring funds to the line items where expenses were incurred in FY 2023 - 24 for Road Maintenance (1200325). There are no changes to the overall budget, therefore there is no impact to the General Fund.
Narrative Explanation of Staffing Impact:
None.
STRATEGIC FRAMEWORK:
This action supports the following areas of your Board’s Strategic Framework.
Core Roles: Provide for and maintain infrastructure
New Initiatives: Manage our resources to ensure sustainability of services
Strategic Plan: 2.1 - Improve transportation network to be properly-maintained, multi-model and energy efficient (e.g. roads, trails, public transportation and commercial airline)
OTHER AGENCY INVOLVEMENT:
None.
ALTERNATIVES TO STAFF RECOMMENDATIONS:
Your Board could choose not to approve the appropriations transfer. This is not recommended as the equipment was ordered to the Road Division’s specification and the current striper is set to go to auction.
ATTACHMENTS:
1. Appropriation Transfer 1200325
PREVIOUS ACTION/REFERRAL:
Board Order No.: N/A
Meeting of: N/A
File No.: N/A