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<br />I <br /> <br />I <br /> <br />I <br /> <br />TOWN OF TRUCKEE <br />California <br /> <br />RESOLUTION 2008-24 <br /> <br />A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF TRUCKEE <br />REQUESTING REALLOCATION OF DEFERRED REVENUES IN THE AMOUNT OF <br />$129,573 OF LOCAL TRANSPORTATION FUNDS (LTF) FOR PURCHASE OF TWO <br />BUSSES AND EXPANDED TRANSIT SERVICES <br /> <br />WHEREAS; the Nevada County Transportation Commission (NCTC) annually <br />commissions an outside audit of all claimants of Transportation Development Act Funds; and <br /> <br />WHEREAS; the audit conducted for Fiscal Year 2006/07 reported the Town of <br />Truckee had deferred revenue in the amount of $129,573 for Local Transportation Funds that <br />were not utilized for the purposes intended during the 2006/07 fiscal year; and <br /> <br />WHEREAS; these funds must be reallocated or returned to the NCTC held funds <br />within sixty days of the acceptance of the fiscal audits, which were approved by NCTC on March <br />19, 2008; and <br /> <br />WHEREAS; $64,321 of these funds are required to purchase busses and $65,252 for <br />expanded Transit services; and <br /> <br />******** <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF <br />TRUCKEE AS FOLLOWS: <br /> <br />1 It is certified that the foregoing statements are true and correct. <br /> <br />2. Request, from the Nevada County Transportation Commission, approval of the attached <br />claim for the reallocation of $129,573 from the Town's deferred revenues of Local <br />Transportation Funds for the purchase of busses and expanded Transit services for the <br />fiscal year 2007/08. <br /> <br />The foregoing Resolution was introduced by Council Member Anderson, <br />seconded by Council Member Dee, at a Regular Meeting of the Truckee Town Council, <br />held on the 1st day of May, 2008 and adopted by the following vote: <br /> <br />AYES: Council Member Anderson, Council Member Dee, Council Member <br />Susman, Vice Mayor Brown, and Mayor Green. <br /> <br />None <br /> <br />NOES: <br /> <br />ABSENT <br /> <br />None <br /> <br /> <br />~ A-LhL <br /> <br />r Bafbara Green, Mayor <br /> <br />L <br />