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Budget Resolutions Recognizing Additional Revenue and Expenditures From Fleet Replacement Program, Vehicle Maintenance and Central Fueling Systems Accounts for FY 2022-23
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BRIEF OVERVIEW
Fleet Management has prepared three budget resolutions recognizing additional revenue for FY 2023 and to clean up expenditure accounts.
• The Fleet Replacement Program (Fund 5081) budget resolution is recognizing the receiving funds from the loan for vehicle purchases approved this year in the amount of $4,062,000.00 deducting that amount from the line of credit revenue accounts.
• The other two budget resolutions for Vehicle Maintenance (Fund 5071) and Central Fueling Systems (Fund 5011) are to recognize revenue and expenditure accounts to balance.
FINANCIAL IMPACT
Increase various expenditure and revenue accounts in the Fleet Replacement Program in Fund/Dept # 5081-08031 totaling $1,804,354 the Vehicle Maintenance Fund/Dept # 5071-08021 totaling $416,000.00 and Central Fueling System Fund/Dept 5011-08011 totaling $27,274.00.
LEGAL NOTE
The Board has the authority to take the recommended action pursuant to Chapter 125, Florida Statutes.
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RECOMMENDATION
It is recommended the Board approve and authorize the Chairman’s signature on the attached budget resolutions to recognize funds in the Fleet accounts.