To: Board of Supervisors
From: Aviation
Agenda Section: Consent
Vote Requirement: 4/5th
SUBJECT:
title
Supplemental Budget and Request to Establish a Fixed Asset Line for Budget ,3530-381 for the Purchase of One (1) New EZ Liner Model TS-AL320 Paint Striping Machine (4/5 Vote Required)
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RECOMMENDATION(S):
Recommendation
That the Board of Supervisors:
1. Approve the Supplemental Budget (Attachment 1) in the amount of $354,224 and establish a fixed asset line in fiscal year (FY) 2023-24 for the purchase of one new EZ Liner Model TS-AL320 paint striping machine (4/5 Vote Required).
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SOURCE OF FUNDING:
Aviation Enterprise Fund (3530)
Federal Aviation Administration (FAA) CARES Act Grant
DISCUSSION:
Funding was secured for the acquisition of one new EZ Liner Model TS-AL320 Paint Striping Machine during FY 2022-23. Although the order for the machine was placed in the same fiscal year, its delivery was not completed until the subsequent FY, 2023/24. Consequently, the Department of Aviation is seeking your Board's approval for the attached supplemental budget and request to establish a fixed asset line for this purchase in the current FY 2023-24.
FINANCIAL IMPACT:
Expenditures (3530381 8986)
FY23-24
Additional Appropriation Request
$354,224
Total Expenditures
$354,224
Funding Sources (3530381 710050)
FY23-24 Adopted
Use of Fund Balance
$354,224
Total Funding Sources
$354,224
*Projected amounts are estimates and are subject to change.
Narrative Explanation of Financial Impact:
The total cost for purchase of one new EZ Liner Model TS-AL320 Paint Striping Machine is $354,224. Revenue related to this request was received from the CARES Act Grant during FY 2022-23. Because revenue was received in the prior fiscal year, the attached Supplemental Budget transfers revenue from the Aviation Enterprise fund balance, 3530, for the payment of equipment to the Aviation Enterprise Fund budget, 3530381.
Expenditures associated with this request w...
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