M&C Review

COUNCIL ACTION:  Approved on 9/27/2016 - Ordinance No. 22442-09-2016
DATE: 9/27/2016 REFERENCE NO.: **G-18836 LOG NAME: 21TRANSFER OF FUNDS TO STORMWATER UTILITY FUND
CODE: G TYPE: CONSENT PUBLIC HEARING: NO
SUBJECT:   Authorize Transfer of Equipment Valued at $3,500.00 from the Transportation and Public Works Department in the Stormwater Utility Fund to the Park and Recreation Department in the General Fund and Adopt Appropriation Ordinance (ALL COUNCIL DISTRICTS)
RECOMMENDATION:

It is recommended that the City Council:

1.  Authorize the transfer of equipment valued at $3,500.00 from the Transportation and Public Works Department to the Park and Recreation Department.

2.  Authorize the transfer of $3,500.00 from the General Fund to the Stormwater Utility Fund; and

3.  Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Stormwater Utility Fund in the amount of $3,500.00 for equipment transferred to the General Fund for the Park and Recreation Department.
 
DISCUSSION:

The Fleet Division of the Property Management Department is facilitating the transfer of equipment from the Stormwater Division of the Transportation and Public Works Department to the Park and Recreation Department as an alternative to expending budgeted funds on the purchase of new equipment. The equipment is no longer needed by the Stormwater Division and will be additional equipment in the Park and Recreation Department's fleet.

The amount that is being transferred to the Stormwater Utility Fund is the estimated auction value of the equipment based upon life expectancy and current age of the equipment. The Stormwater Division and the Park and Recreation Department have agreed upon the estimated auction value of the equipment as a fair value.

The funds being transferred represent the estimated auction value of the equipment as follows:

EQUIPMENT NO.

YEAR

MAKE

MODEL

ESTIMATED AUCTION VALUE

5850006

2008

Northstar

Pressure washer

$3,500.00

This M&C does not request approval of a contract with a business entity.
 
FISCAL INFORMATION/CERTIFICATION:

The Director of Finance certifies that upon approval of the above recommendations and adoption of the attached appropriation ordinance, funds will be available in the Fiscal Year 2016 operating budget, as appropriated, of the Stormwater Utility Fund.
TO
    Fund Department
ID		 Account Project
ID		 Program Activity Budget
Year		 Reference #
(Chartfield 2)		 Amount

FROM
    Fund Department
ID		 Account Project
ID		 Program Activity Budget
Year		 Reference #
(Chartfield 2)		 Amount
Submitted for City Manager's Office by:
Jay Chapa (5804)
Originating Department Head:
Steve Cooke (5134)
Additional Information Contact:
Wayne Corum (5118)
 
 
ATTACHMENTS
  21TRANSFER OF FUNDS TO STORMWATER UTILITY FUND 52001 AO16.docx