FINANCIAL BUSINESS REQUEST (FBR)
Motion/Request:
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MOTION to approve an additional appropriation from undesignated fund balance in the amount of $87,055 to the following accounts to address the budgetary impact of hiring an additional mechanic in conjunction with the shared services agreement with the Town of Preston:
$57,820 to account 10140105-51620 Public Works Employees - Vehicle Maintenance
$21,800 to account 10110253-52201 Healthcare Teamsters
$ 4,425 to account 10110253-52500 Social Security
$ 3,010 to account 10110253-52310 Defined Contribution Plan
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Background:
In May of 2024, the Town of Ledyard entered into a shared services agreement with the Town of Preston to provide maintenance and repair services for Town of Preston vehicles and equipment. As the FY 24/25 budget had already been approved at the time this agreement was entered into, the budget needs to be adjusted to address the impact of hiring an additional mechanic.
As noted in the agreement, the Town of Preston is being billed $8,000 a month ($96,000 annually) in addition to materials, parts and contracted services associated with their vehicles and equipment.
Department Comment/Recommendation:
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Finance Director Comment/Recommendation:
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Mayor Comment/Recommendation:
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