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REVISED/ Commissioner Brown - Financial and Management Services - Budget - To Appropriate Funds to Purchase FY27 Vehicles and Approve the Reimbursement Declaration ($4,282,909 Total Appropriation; Maximum of $4,129,151 to be Financed)
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STAFF CONTACT
Taylor Ricci - Budget - 704-866-3122
Kyle Sutherland - Finance - 704-866-3130
Wilson Lemly - Public Works - 704-866-3138
BUDGET IMPACT
CIF: Increase fund balance appropriation by $4,129,151. Increase transfers out by $4,129,151
Capital Fund: Increase transfers in by $4,129,151. Increase capital expenditures by $4,129,151.
Building Inspections Vehicles
General Fund: Increase restricted fund balance appropriation by $153,758. Increase transfers out by $153,758.
CIF: Increase transfers in by $153,758. Increase transfers out by $153,758.
Capital Fund: Increase transfers in by $153,758. Increase capital expenditures by $153,758.
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BACKGROUND
This appropriation and Reimbursement Declaration gives the County the ability to place orders for new and replacement vehicles that will be financed later in the fiscal year. The CIF fund balance appropriation ($4,129,151) will be reimbursed with a financing package later in the fiscal year, but the appropriation of restricted Building Inspections fund balance ($153,758) will not. Estimated financing payments and upfit costs for the vehicles on the attached list were included in the FY27 Adopted Budget.
POLICY IMPACT
N/A
ATTACHMENTS
Budget Change Request (BCR), Reimbursement Declaration, FY27 Vehicle Purchase List