Title
Approval of Budget Revision 2024-20 for aTransfer to the Fleet Fund in the amount of $48,066 for the Purchase of an Aerial Bucket Truck
Recommended Action
I move that the Board approve Budget Revision 2024-20 as summarized on Attachment A and that the attachments be made a part of the minutes of this meeting. I further move that these actions be forwarded to Council with a recommendation for approval.
Utilities Managers Recommendation
The Utilities Manager recommends that the Board approve the budget revision as presented.
Body
Electric Distribution included the replacement of a bucket truck for unit 1094 in the FY2024 budget. However, the original quote of $330,000 ($290,000 from the Fleet budget and $40,000 from Electric Distribution) has increased to $378,066. This requires a transfer from Electric Distribution to the Fleet Fund in the amount of $48,066 for the purchase of previously approved equipment (vehicle) to cover the escalated price costs.
Alternatives
If the Board does not approve the Budget Revision, the aerial bucket truck (unit 1094) will not be replaced as needed.
Fiscal and Staff Impact/Planned Item
Fiscal impact is summarized in the attached budget revision.
Attachments
A - Budget Revision 2024-20
B - Source Well Quote 1338466