TO: Board of Supervisors
FROM: Steven Lederer - Director of Public Works
REPORT BY: Michael Parker - Supervising Staff Services Analyst
SUBJECT: Revision of Capital Asset Schedule and Removal of Capital Assets from Capital Asset Listing
RECOMMENDATION
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Director of Public Works requests approval of the following:
1. Declare certain capital asset vehicles as surplus, no longer required for public use, and approve disposal of capital assets by insurance;
2. Authorize the Auditor-Controller to remove these surplus assets from the capital asset listing;
3. Approval of a Budget Transfer increasing appropriations in the Vehicle Replacement (Fund 4100, Org 4102000) budget with offsetting revenue from insurance reimbursement ($65,791) and use of available fund balance ($11,209) (4/5 vote required); and
4. Establishment of two capital assets in the amount of $77,000 for the purchase of a Prius ($37,000) and a Rav4 ($40,000).
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EXECUTIVE SUMMARY
The County has two (2) vehicles that were recently in two separate accidents, and both vehicles have been deemed by insurance to be beyond repair and have been removed from service. With approval of today's action, these two (2) vehicles will be declared as surplus and the Auditor-Controller will be authorized to remove these surplus assets from the capital asset listing.
Today's action will also authorize a Budget Transfer to increase appropriation in the Vehicle Replacement (Fund 4100, Org 4102000) budget with offsetting revenue from insurance reimbursement ($65,791) and use of available fund balance ($11,209).
Today's requested action will also revise the Schedule of Approved Capital Assets with an increase of $77,000 in the Vehicle Replacement (Fund 4100, Org 4102000) budget in order to replace the aforementioned vehicles that have been declared as surplus.
FISCAL & STRATEGIC PLAN IMPACT
Is there a Fiscal Impact?
Yes
Is it currently budgeted?
No
Where is it budgeted?
$65,791 has been received from insurance p...
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