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File #: 18-4390    Version: 1 Name: Fleet Auction Revenue
Type: Consent Status: Consent
File created: 12/1/2017 In control: Asset/Facility Management
On agenda: 1/17/2018 Final action:
Title: : Fleet Auction Revenue and Expenses
Attachments: 1. Auction Revenue by Entity.pdf
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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Title:

Fleet Auction Revenue and Expenses

 

Summary

ACTION:

Recognize, receive and appropriate 9-16-17 vehicle auction revenue of $40,587.21. Of the auction proceeds, appropriate $31,994.95 to the Fleet Reserve Fund, $3,770.25 to the Department of Social Services transportation unit, and $4,822.02 to Park & Recreation

 

Staff Contact:                     Mark Bevilacqua, Fiscal Administrator

                                                                  Asset and Facility Management                     

 

Presentation:                     No                     

 

 

BACKGROUND/JUSTIFICATION:

Net proceeds of $40,587.21 were realized from the vehicle auction this fall. The Department of Social Services sold four vehicles for a net of $3,770.25 that were originally funded by the North Carolina Department of Transportation (NCDOT). Regulations require the sale proceeds from NCDOT funded vehicles be used by the DSS transportation unit. Of the remaining, $31,994.95 would be appropriated to the Fleet Reserve and $4,822.02 to Parks & Recreation.

 

PROCUREMENT BACKGROUND:

N/A

 

POLICY IMPACT:

N/A

 

FISCAL IMPACT:

Recognize a total increase in FY18 revenues and expenses of $40,587.21, consisting of net proceeds of $31,994.95 for the Fleet Reserve Fund (9010), and the remainder in the General Fund (G001)--$3,770.25 for the DSS Transportation unit, and $4,822.02 for Parks & Recreation.