Title
Budget Amendment-LUESA Auction Revenue
Action
ACTION:
(A) Amend the FY2021 Budget Ordinance to appropriate $37,621.14 of General Fund (0001) balance received from the May 9, 2020 vehicle auction to the Land Use and Environmental Services Agency (LUESA)
(B) Appropriate $9,529.16 of Solid Waste Management Capital Reserve Fund (8901) balance received from the May 9, 2020 vehicle auction to the Solid Waste Capital Equipment Program
Staff Contact: Amy Johnson, Land Use and Environmental Services Agency
Presentation: No
BACKGROUND/JUSTIFICATION:
County obsolete equipment and rolling stock is periodically sold and the proceeds are distributed to the original sources for additional purchases. Net proceeds of $47,150.30 were realized from the County vehicle auction as belonging to LUESA. The proceeds were not recognized and appropriated in FY2020 and closed to fund balance at June 30, 2020. The rolling stock for LUESA is funded by fees and regulations require the sales proceeds be used by the department where the fees are generated. This amendment requests funds from the auction be returned to LUESA’s Code Enforcement, Storm Water, Solid Waste, and Air Quality divisions and distributed as demonstrated in the backup documentation included with this board action.
PROCUREMENT BACKGROUND:
N/A
POLICY IMPACT:
N/A
FISCAL IMPACT:
FY21 fund balance appropriation of $37,621.14 in the General Fund (0001) and $9,529.16 in the Solid Waste Management Capital Reserve Fund (8901)