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City of Hermosa Beach --- 10-10-00
RE-APPROPRIATION OF EQUIPMENT
REPLACEMENT
Recommendation: It is recommended that the City Council approve the re-appropriation of $122,200 in the Equipment Replacement Fund (ERF) from FY 1999-00 to the FY 2000-01.
Background: At the April 25, 2000 meeting, the City Council awarded the bid to Wondries Ford of Alhambra, CA, for the purchase of six vehicles in the amount of $155,325.76. Although two vehicles were received prior to June 30, 2000, the remaining four vehicles will not be delivered until November 2000.
Analysis: The re-appropriation of the funds will allow for the purchase of the approved vehicles in FY 2000-01.
Fiscal Impact: Re-appropriate $61,000 in the ERF, Sewer Division and $61,500 in the ERF, Traffic Safety Division from FY 1999-00 to FY 2000-01. All funds are currently available. |
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