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CASSELBERRY CITY COMMISSION <br />Minutes of November 18, 2024 — Regular Meeting <br />Page 5 of 37 <br />BA #25-001 <br />Explanation of Request: This budget amendment seeks City Commission approval to provide additional <br />funding for the purchase of golf carts from E -Z -Go in the amount of $102,900 (Total amount of $509,220 <br />less budgeted amount of $238,320 and trade-in allowance of $168,000) and related funding for the lease <br />agreement with Truist. <br />Account Number <br />Increase: <br />405-0410-572.67-22 <br />405-0000-364.41-00 <br />405-0000-383.01-00 <br />405-0410-572.44-01 <br />405-0410-572.44-03 <br />405-0000-389.90-00 <br />Account Description Amount <br />Vehicles $270,900 <br />Disposition/Fixed Assets $168,000 <br />Capital Lease Proceeds $102,900 <br />Capital Lease Principal $ 36,463 <br />Capital Lease Interest $ 8,007 <br />Other Non -Operating Source $ 44,470 <br />Recommendation: The City Manager and the Finance Director recommended approval of Resolution 24- <br />3473 and the award of RFP -2024-1117 to E -Z -Go, Division of Textron, and approval of a related Capital <br />Lease Purchase Agreement with Truist Bank, and Budget Amendment #25-001 to provide for the purchase <br />of 60 golf carts for the Casselberry Golf Club, plus extended warranty, in the amount of $341,220. <br />E. Budget Amendment #24-060 — Adjustments to the FY 2024 Budget <br />Introduction: Approval of Budget Amendment #24-060 providing for adjustments to the FY 2024 Budget <br />is requested. <br />Budget Impact: The Budget Amendment Summary included with Budget Amendment #24-060 provides <br />detailed descriptions regarding the adjustments. Additional adjustments that do not impact fund balance <br />are also included. <br />BA #24-060 <br />Explanation of Request: This request seeks City Commission approval to amend the Fiscal Year 2024 <br />Budget in order to provide funding for cost overruns in various department divisions to clean up budgets as <br />part of the year-end process. According to City policy based on budget adoption, expenditures/expenses in <br />all categories must remain within budget. <br />Account Number <br />Account Description <br />Amount <br />Increase: <br />Various Various — See FY 2023-2024 Year End Budget Amendment Summary <br />Decrease: <br />Various Various - See FY 2023-2024 Year End Budget Amendment Summary <br />