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<br />TOWN OF TRUCKEE <br />California <br /> <br />I <br /> <br />RESOLUTION 2009-14' <br /> <br />A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF TRUCKEE REQUESTING <br />REALLOCATION OF DEFERRED REVENUES IN THE AMOUNT OF $131,165 OF LOCAL <br />TRANSPORTATION FUNDS (LTF) FOR PURCHASE OF ONE BUS AND ADDITIONAL <br />TRANSIT OPERATING EXPENSES <br /> <br />WHEREAS; the Nevada County Transportation Commission (NCTC) annually commissions <br />an outside audit of all claimants of Transportation Development Act Funds; and <br /> <br />WHEREAS; the audit conducted for Fiscal Year 2007/08 reported the Town of Truckee had <br />deferred revenue in the amount of $131,165 for Local Transportation Funds that were not <br />utilized for the purposes intended during the 2007/08 fiscal year; and <br /> <br />WHEREAS; these funds must be reallocated or returned to the NCTC held funds within sixty <br />days of the acceptance of the fiscal audits, which were approved by NCTC on January 28, <br />2009; and . <br /> <br />WHEREAS; $64,702 of these funds are required to purchase a bus and $66,463 for <br />additional Transit expenditures; and <br /> <br />I <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 $131,165 from the Town's deferred revenues of Local <br />Transportation Funds for the purchase of busses and additional Transit expenditures for <br />the fiscal year 2008/09. <br /> <br />****** <br /> <br />The foregoing Resolution was introduced by Council Member Green <br />seconded by Council Member de-Ryk-Jones at a Regular Meeting of the Truckee Town <br />Council, held on the 2nd day of April, 2009 and adopted by the following vote: <br /> <br />AYES: <br /> <br />Council Member Green, Council Member de-Ryk-Jones, Council <br />Member Anderson, and Vice Mayor Wallace Dee. <br /> <br />NOES: <br /> <br />None. <br /> <br />ABSENT: <br /> <br />Mayor Brown. <br /> <br /> <br />I <br /> <br />ATTEST: <br /> <br />