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ADDED/ Commissioner Worley - Finance - To Approve the Declaration of Official Intent to Reimburse Certain Expenditures Related to the Purchase of Law Enforcement Vehicles with the Proceeds of Debt from the FY20 Vehicles Purchase and to Approve the Appropriation of Fund Balance in the Amount of $530,840
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STAFF CONTACT
Tiffany Murray - Finance Division Director - 704-866-3032
BUDGET IMPACT
budget
Appropriation of $530,840 from Fund Balance.
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BUDGET ORDINANCE IMPACT
Appropriate $424,672 into the County Police Motor Vehicles account and $106,168 into the County Sheriff’s Motor Vehicles Account. The County expects to reimburse itself with the proceeds of debt to be issued or incurred by the County for the fiscal year 2020 vehicles purchase. Debt service funds are budgeted for fiscal year 2020.
BACKGROUND
Dodge Corporation notified dealers of an early manufacturing cut-off for all types of 2020 Police Package Chargers. The cut-off date will be November 13, 2019 or earlier. Ford no longer makes a Police Package sedan. The County is not able to obtain financing at this point due to the need to bid out other vehicles. Fleet has obtained a quote from Ilderton Dodge per the NC Sheriff’s Contract for 2020 Dodge Police Package AWD Chargers. The County must appropriate fund balance and approve a reimbursement resolution to order vehicles now. Once financing is obtained, the reimbursement resolution will allow the County to reimburse fund balance.
ATTACHMENTS
Resolution - Declaration of Official Intent to Reimburse Certain Expenditures
Budget Change Request