FINANCIAL BUSINESS REQUEST (FBR)
Motion/Request:
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MOTION to approve appropriations from the receipt of sales of vehicles through GovDeals in the total amount of $7,250 to the following capital accounts:
• $2,575 to Public Works Small Trucks (21040101-57313);
• $3,610 to Pooled Vehicles (21040101-57315);
• $1,065 to Building Upgrade Reserve (21040111-58240).
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Background:
The Town realized a total of $7,250 from the sale of several surplus assets from sales on GovDeals in June and July, 2024. The Town has previously appropriated such revenues to the respective capital reserve fund to supplement/offset direct budgetary appropriations in meeting lifecycle replacement costs and other needs.
Department Comment/Recommendation:
Inasmuch as this action is consistent with previous appropriations of GovDeals revenues, I recommend appropriation of these funds according to the specifics of the motion.
Finance Director Comment/Recommendation:
Appropriations to be recorded after receipt of funds from GovDeals. As of 8/7/24, $4,460 has been received.
Mayor Comment/Recommendation:
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I support this action and fund appropriations of these residuals help the CIP in future years.