Executive/Council Action Form (ECAF)
ITEM TITLE:
Motion 24-450, approving a 2024 budget transfer in the Facilities and Fleet Management Department between programs within the Equipment Rental and Revolving Fund 502
DEPARTMENT: Facilities & Fleet
ORIGINATOR: Patrick Chen
EXECUTIVE RECOMMENDATION: Ken Klein 10/17/24
PURPOSE: Budget Transfer within Equipment Rental and Revolving Fund 502 to cover budget shortfall in its Maintenance and Operations Program.
BACKGROUND: The budget of ER&R Fund 502’s Maintenance and Operations program is forecasted to exceed its 2024 adopted budget appropriations by $2,918,404 because vehicles and equipment delivered to the County this year were budgeted in prior years and not reappropriated in the 2024 budget because the delivery date was not known and could not have been determined prior to the adoption of the 2024 budget due to severe supply chain disruption and COVID related delay.
FISCAL IMPLICATIONS:
|
EXPEND: FUND, AGY, ORG, ACTY, OBJ, AU |
CURRENT YR |
2ND YR |
1ST 6 YRS |
|
502 5188606000 Capital Costs |
+ 595,999 |
|
|
|
502 5188606401 Machinery & Equipment |
+2,322,405 |
|
|
|
502 5188403406 Fuel Contingency |
-2,000,000 |
|
|
|
502 5188403405 Items Purch Resale-Fuel |
-918,404 |
|
|
|
TOTAL |
0 |
|
|
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REVENUE: FUND, AGY, ORG, REV, SOURCE |
CURRENT YR |
2ND YR |
1ST 6 YRS |
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TOTAL |
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DEPARTMENT FISCAL IMPACT NOTES: Net fiscal impact is zero.
CONTRACT INFORMATION:
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ORIGINAL |
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CONTRACT# |
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AMOUNT |
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AMENDMENT |
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CONTRACT# |
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AMOUNT |
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Contract Period
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ORIGINAL |
START |
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END |
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AMENDMENT |
START |
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END |
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OTHER DEPARTMENTAL REVIEW/COMMENTS: Reviewed/approved by: Finance (Nathan Kennedy 10/17/24)