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Fleet Replacement Budget AmendmentAGENDA ITEM TOWN OF TGA MEETING DATE: January 14, 2020 TO: Honorable Mayor and Council Members FROM: Bret Albert, Fleet/Facilities Manager SUBJECT: Fleet Replacement Budget Amendment APPROVED BY Jeff t_oux, Town Manager RECOMMENDATION: Council increase the Fleet Replacement Budget for FY19/20 from $1,117,500 to $1,612,500. DISCUSSION: The FY19/20 Fleet Replacement Budget was established with an assumption that a number of vehicles that had been ordered in November of 2018 would be received by the Town prior to June 30 of 2019, which was the end of the 2018/2019 fiscal year. There were a total of 6 vehicles with a budgeted purchase and up fit cost of $470,000 that were expected to be funded in the 2018/2019 budget that instead were not received until the 2019/2020 budget year began. Actual expenditures in the fleet replacement budget for 2018/2019 were $489,132 less than budgeted. Conversely, expenditures in the 2019/2020 fleet replacement budget are being recommended to increase by $495,000. The $25,000 difference between the $470,000 that was budgeted in FY 18/19 and the $495,000 that is being recommended for addition to the FY 19/20 fleet replacement budget is a result of higher than previously anticipated up fit costs for the vehicles. FISCAL IMPACT: This will result in an increase in $495,000 in the budgeted fleet replacement funds for the FY 19/20 fiscal year, which is being primarily offset by actual expenditures in FY 18/19 being $489,132 less than anticipated. PUBLIC COMMUNICATIONS: None. ATTACHMENTS: None Page 1 of 1