FINANCIAL BUSINESS REQUEST (FBR)
Motion/Request:
title
MOTION to approve appropriations from the receipt of sales of vehicles and equipment through GovDeals in the total amount of $27,225 as follows:
• $22,200 to the Public Works Heavy Equipment CNR Account 21040101-57311;
• $2,525 to the Public Works Pooled Vehicle CNR Account 21040101-57315;
• $1,300 to the Gales Ferry Fire Company CNR Account 21020551-57300; and
• $1,200 to the Nathan Lester House Donations Account 20810201-54203-24203.
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Background:
The town realized a total of $27,225 from the sale of surplus equipment through GovDeals, as detailed in the attached spreadsheet. The Town has previously appropriated such revenues to the respective capital reserve fund to supplement/offset direct budgetary appropriations in meeting lifecycle replacement costs.
Department Comment/Recommendation:
Inasmuch as this action is consistent with previous appropriations of GovDeals revenues, I request appropriation of these funds according to the specifics of the motion.
Finance Director Comment/Recommendation:
Mayor Comment/Recommendation:
Meeting Action Detail: