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CASSELBERRY CITY COMMISSION <br />Minutes of November 14, 2011— Regular Meeting <br />Page 8 of 23 <br />Budget Impact: The capital equipment purchases have been budgeted in the Equipment Replacement Fund <br />for the applicable departments as listed below: <br />Quantity Description <br />Budget Account <br />Seven (7) <br />Sergeant, Admin and Patrol Interceptors <br />$225,000 <br />302 - 0610 - 521.67 -22 <br />Fifty -nine (59) <br />Digital Portable Radios <br />$241,400 <br />302 - 0610 - 521.67 -13 <br />One (1) <br />FD Division Manager Vehicle <br />$ 60,000 <br />302 - 0310 - 522.67 -22 <br />Four (4) <br />FD Extrication Equipment (Jaws of Life) <br />$100,000 <br />302 - 0310 - 522.67 -35 <br />Two (2) <br />Code Compliance Vehicles <br />$ 30,000 <br />302 - 0222 - 524.67 -22 <br />One (1) <br />Streets Maintenance Dump Truck <br />$ 70,000 <br />302 - 0720 - 541.67 -21 <br />The capital lease proceeds are budgeted as a revenue source to be used to pay for the purchases. The total to be <br />borrowed and expended on capital items is $706,744. The first lease payments are budgeted within the <br />General Fund for the affected departments. Budget Amendment #12 -007 increases the budget for the dump <br />truck from $70,000 to $73,869 and reduces the budgets of the other affected accounts to conform to what was <br />actually borrowed. <br />BA #12 -007: <br />Explanation of Request: This budget amendment will adjust the budgets for capital lease funded <br />transactions. In total, budgeted lease proceeds and budgeted capital expenditures will be reduced to match the <br />actual amounts funded upon the closing of the financing with SunTrust Equipment Finance & leasing <br />Corporation. Most required expenditure budgets are reduced except one. The budget for the purchase of one <br />dump truck for Streets Maintenance is increased $3,869 to match the actual expected total cost for the asset. <br />Account Number Account Description Amount <br />Increase: <br />001- 0720 - 541.67 -21 Vehicles — Work $ 3,869 <br />Decrease: <br />001- 0000 - 383.01 -00 <br />Debt Proceeds <br />$19,656 <br />001- 0610- 521.67 -22 <br />Vehicles — Police <br />$10,122 <br />001- 0610 - 521.67 -13 <br />Radio /Communication Equipment <br />$ 8,114 <br />001 - 0310- 522.67 -22 <br />Vehicles — Fire <br />$ 4,157 <br />001 - 0310- 522.67 -35 <br />Equipment — Other <br />$ 1,128 <br />001- 0222 - 524.67 -22 <br />Vehicles — Code Compliance <br />$ 4 <br />Recommendation: The City Manager and the Finance Director recommended approval of Resolution 11- <br />2320 and associated Budget Amendment #12 -007. <br />