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)
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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 incr...
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