HomeMy WebLinkAboutItem 08 Approval of Transfer of Capital Funds Toward Purchase of Fire Truck
AGENDA ITEM COVER SHEET
Meeting Date: 12-20-2005
Item # 8
Contact Name:
Contact Number:
Richard Firstner
407 -905-3126
Reviewed By:
Department Director: Richard Firstner
City Manager: Robert Frank
Subject: Transfer of Capital Funds
Background Summary:
$75,000 has been approved in the 2005-2006 Capital Budget for the first year's payment toward the purchase of a
new fire engine. This amount covers the cost of the vehicle, but does not fund the necessary equipment to make
the truck fully functional, or the finance charges.
Issue:
No funds were budgeted for the firefighting equipment necessary for the new engine to be fully functional.
$8,000 has been budgeted for new additional mobile radios that will be required to be phased in over the next 5 to
7 years, due to technology advances. The purchase of these radios can be delayed one year. $20,000 was
budgeted for the refurbishment of Engine 26. These funds can be used to cover the finance charges.
Recommendations
Staff recommends the transfer of $8,000 from Capital Equipment (6400) to Capital Vehicles (6401) to cover the
cost to purchase the necessary equipment for the new fire engine. The $8,000 will be the first of four annual
installments, that will subsequently be budgeted for over the next three years. It is also recommended that the
Commission approve the change of use for the $20,000 to cover the finance charges, rather than the
refurbishment of the engine. Any funds not expended on the finance charges will be used for refurbishment.
Attachments:
None
Financial Impact:
None
Type of Item: (please mark with an "x'J
Public Hearing
_ Ordinance First Reading
_ Ordinance Second Reading
Resolution
_ Commission Approval
Discussion & Direction
For Clerk's Deat Use:
_ Consent Agenda
_ Public Hearing
_ Regular Agenda
_ Original Document/Contract Attached for Execution by City Clerk
_ Original Document/Contract Held by Department for Execution
Reviewed by City Attorney
Reviewed by Finance Dept.
N/A
N/A
Commissioners
Garv Hood. District 1
Scott Anderson. District 2
Rustv Johnson. District 3
Nancy J. Parker. District 4
Mavor
S. Scott Vandergrift
Citv Manager
Robert Frank
STAFF REPORT
TO:
The Honorable Mayor and City Commissioners
FROM:
Richard Firstner, Fire Chief
DATE:
December 5, 2005
RE:
Transfer of Capital Funds
ISSUE
Transfer $8,000 that has been budgeted for new mobile radios to provide the necessary firefighting equipment to
make the new fire engine fully functional. $20,000 that is budgeted for Engine 26 refurbishment needs to be
reallocated for the finance charges associated with the purchase of the new engine.
BACKGROUNDIDISCUSSION
$75,000 was budgeted for the purchase of the new fire engine, which will cover the cost of the truck alone, for
the first year's payment. No funds were budgeted for the firefighting equipment that is necessary to make the
truck fully functional, or for finance charges
$8,000 was budgeted for the replacement of mobile radios. All fire department radios must be replaced within
the next 7 years due to technology advances. There will not be any significant impact to delay the purchase of
the radios for one year. $20,000 was budgeted for the refurbishment of Engine 26. These funds can be
reallocated to cover the finance charges associated with the purchase of the new engine.
Staff is requesting the City Commission approve the transfer of$8,000 in Capital Equipment funds (6400) to the
Capital Vehic1e fund (6401) to cover the cost of procuring the necessary firefighting equipment to make the
truck fully functional, and reallocate the $20,000 budgeted for the refurbishment of Engine 26 to cover the
finance charges.
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