Title
Consideration of and action on an ordinance to amend the Fiscal Year 2024-2025 Asset Replacement Fund Budget for the Parks Maintenance Department to purchase a replacement utility trailer.
Body
Summary:
On July 12, 2024, Unit #904 and the attached utility trailer were totaled in a traffic accident while conducting hurricane clean up on East Blvd. The utility trailer’s primary use is to assist with the daily operations of the Park Operations division. After receiving three quotes, the trailer will be purchased from National Trailer Source and will cost $5,439.25.
Being that the purchase of this trailer was unexpected, a budget amendment in the amount of $5,500.00 is requested to allocate funding. The amendment would be funded from the unassigned fund balance of the Asset Replacement Fund, which is available for this purpose. The City will receive a $1,500.00 insurance settlement for the trailer that will be added to the Asset Replacement Fund’s fund balance.
Fiscal/Budgetary Impact:
Add $5,500.00 to the fiscal year 2024-2025 Asset Replacement Fund’s budget for the Parks Maintenance Department (091-432-49040, Machinery and Equipment) to be funded by the unassigned fund balance of the Asset Replacement Fund, which is available for this purpose.
Recommended action
Approve the ordinance to amend the fiscal year 2024-2025 Asset Replacement Fund budget for the purchase of a replacement utility trailer.