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Commissioner Brown - Financial and Management Services - Budget - To Appropriate Fund Balance to Purchase FY26 Vehicles and Equipment and Approve the Reimbursement Declaration (Maximum of $7,789,738 to be Financed)
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STAFF CONTACT
Taylor Ricci - Budget - 704-866-3122
BUDGET IMPACT
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New & Replacement Vehicles and Jail Video Storage Project
*excluding Building Inspections and Solid Waste
* CIF - Increase fund balance appropriation by $7,250,690.14. Increase transfers out by $7,250,690.14.
* Capital Fund - Increase transfers in by $7,250,690.14. Increase financing project expenditures by $7,250,690.14.
* General Fund - Increase fund balance appropriation by $539,047.65. Increase financing project expenditures by $539,057.65.
Building Inspections Replacement Vehicles
* General Fund - Increase fund balance appropriation by $165,000. Increase transfers out by $165,000.
* CIF - Increase transfers in by $165,000. Increase transfers out by $165,000.
* Capital Fund - Increase transfers in by $165,000. Increase motor vehicle expenditures by $165,000.
Solid Waste Replacement Vehicles
* Solid Waste Fund - Increase fund balance appropriation by $379,500. Increase motor vehicle expenditures by $379,500.
These appropriations of fund balance, except restricted Building Inspections and Solid Waste fund balance, will be reimbursed with a financing package later in the fiscal year. All financing payments and upfit costs for the approved vehicles and equipment were included in the FY26 Adopted Budget.
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BACKGROUND
In the current volatile vehicle market, manufacturers implement early cut-off dates with little or no notice. Because of this, the County must submit vehicle orders prior to soliciting a financing package. This Board Action and BCR appropriate fund balance to purchase replacement vehicles and new equipment approved in the FY26 budget. The maximum amount of debt to be issued is $7,789,738. See attachment for the full list of vehicles and equipme...
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