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HomeMy WebLinkAboutReg 2009-08-03 Item 6C - Purchase - Transfer Funds for Front Loader for Public Works DepartmentCAS NUMBER: 09-106 AGENDA I 1'EM TITLE SPONSOR'S SUMMARY MTG. DATE 07/27/09 09- 100 1 08/03/09 EXPENDITURE REQUIRED $0.00 r 1 MTG. DATE 07/27/09 08/03/09 COUNCIL AGENDA SYNOPSIS Meeting Date 07/27/09 08/03/09 Prepared b 3M 3 Initials Mayor's review ITEM INFORMATION 1 Council review 1 ntiv 1.. ORIGINAL AGENDA DATE: JULY 27, 2009 Authorize Transfer of Funds for Purchase of a Front Loader CA I'EGORY Discussion Motion Resolution Ordinance Bid Award Public Hearing Other Mtg Date 07/27/09 Mtg Date 08/03/09 Mtg Date Mtg Date Mtg Date Mtg Date Mtg Date SPONSOR Council Mayor Adm Svcs DCD Finance Fire El Legal P Police ®PW Using the three enterprise funds; Water, Sewer and Surface Water, $57,500.00 is budgeted in each fund for a total budget of $172,500.00 to purchase a 2008 front loader. No General funds are needed. Funds need to be transferred from the Enterprise Funds' Capital Outlay accounts to corresponding Transfer -out funds and then transferred to the 501 Equipment Rental fund in order to start depreciation and replacement funding. REVIEWED BY COW Mtg. CA &P Cmte F &S Cmte Utilities Cmte Arts Comm. Parks Comm. DA'Z'E: 07/21/09 RECOMMENDATIONS: SPONSOR /ADMIN. Public Works CoMMIr Unanimous Approval; Forward to Committee of the Whole COST IMPACT FUND SOURCE AMOUNT BUDGETED APPROPRIATION REQUIRED $0.00 $0.00 Fund Source: Comments: Motion for Transfer of Funds only, 2009 -2010 Budget authorized purchase of loader. RECORD OF COUNCIL ACTION Forward to next Reguilar Meeting ATTACHMENTS Informational Memorandum dated 07/14/09 Authorization for Transfer of Funds Minutes from the Finance Safety Committee meeting of 07/21/09 Authorization for Transfer of Funds ITEM NO. Transportation Cmte Planning Comm. City of Tukwila AUTHORIZATION FOR TRANSFER OF FUNDS Department: Public Works Date: 7/15/09 Under the provisions of Ordinance No. 2221, the following transfer of funds within the budget is requested: From: To: Budget Line Item Number/ BAR Water 401.01.594.340.64.00 Sewer 402.01.594.350.64.00 Surface Water 412.01.594.380.64.00 Total Budget Line Item Number BAR Water 401.01.597.380.00 Transfer Out Sewer 402.01.597.380.00 Transfer Out Surf Wtr 412.01.597.380.00 Transfer Out Equip Rental 501.397.380.00.00 Transfer -In Equip Rental 501.02.293.800.00.00 balance of 501.02 Fund. C: \temp \XPGrpWise \Loader Authorization for Transfer of Funds.doc CO:ksn 7/2i/2009 $54,000.00 $54,000.00 $54,000.00 $162,000.00 $54,000.00 $54,000.00 $54,000.00 $162,000.00 $162,000.00 No. Amount Amount Detailed justification for transfer: See 2009/2010 budget Page 184 Line 17 Transfer Enterprise Funds Capital Outlay budgeted for the Loader (pg 163,167,177) to Enterprise funds Transfer -Out funds in order to transfer to 501 Equipment Rental and reduce ending fund APPROVED BY THE TUKWILA CITY COUNCIL AT A MEETING THEREOF: the day of APPROVED BY THE FINANCE DIRECTOR: Signature: Date: APPROVED BY THE MAYOR: Signature: Date: