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HomeMy WebLinkAboutItem 10 Approval for Declaration of Surplus and Disposal of Assets from FY22/23 Annual Inventory City of Ocoee ▪ 1 N. Bluford Avenue ▪ Ocoee, Florida 34761 Phone: (407) 905-3100 ▪ www.ocoee.org STAFF REPORT Meeting Date: October 17, 2023 Item #: 10 Contact Name: Rebecca Roberts Department Director: Rebecca Roberts Contact Number: Ext. 1520 City Manager: Robert Frank Subject: Approval for Declaration of Surplus and Disposal of Assets from FY22/23 Annual Inventory. (Finance Director Roberts) Background Summary: Annually, the Finance Department conducts a City wide inventory of all assets. The attached is a departmental listing of items identified as Missing during the FY22/23 inventory cycle. Items marked as missing include items that may have been physically discarded due to breakage, damage, replacement, or otherwise rendered unusable, etc.. The list was provided to each department head for verification and approval. This list does not include identifiable items that will be included in the annual surplus sale in the spring of FY24. Commission approval is required to declare these items surplus and to properly dispose of them on the books of the City. A list of the assets as well as a summary by fund is attached for review. Issue: Should the Honorable Mayor and City Commissioners approve the surplus and disposal of assets determined to be missing, as described above? Recommendations: Staff recommends the Honorable Mayor and City Commissioners approve the surplus and disposal of assets determined to be missing, as described above. Attachments: 1. Summary of Surplus Disposal Values 2. Detail List of Items Financial Impacts: This action will have a ($5,584.86) on General Fund assets and a ($14,995.16) impact on the Utilities Fund. Other assets on the list were fully depreciated; therefore, there is no financial impact from this action. Type of Item: Consent Page 219 of 782 Page 221 of 782 Page 222 of 782 Page 223 of 782 Page 224 of 782 Page 225 of 782 Page 226 of 782 Page 227 of 782 Page 228 of 782 Page 229 of 782