TITLE
HOLD a public hearing and consider an ordinance amending the FY 2015 Annual Budget and Plan of Municipal Services of the City of Killeen by increasing a Water and Sewer Fund account by $152,749 to fund the purchase of 14 tool kits for Fleet Services.
SUMMARY
AGENDA ITEM
Budget Amendment for the Purchase of 14 Tool Kits for Fleet Services
ORIGINATING DEPARTMENT
Finance
BACKGROUND INFORMATION
The City has an opportunity to purchase high quality tool kits for Fleet Services staff at a 75% discount. Staff recommends the purchase of 14 tool kits at $10,910.58 each for a total cost of $152,748.12. These tool kits come with an excellent warranty and will improve the efficiency, safety, and effectiveness of Fleet Services mechanics. Funding is available from the Water and Sewer Fund Balance.
DISCUSSION/CONCLUSION
A budget amendment approved by City Council is required to appropriate the funds from Water and Sewer Fund Balance to expend funds for the procurement of the tool kits.
FISCAL IMPACT
FY 2015 Water and Sewer Fund Balance will be appropriated to provide funding for the purchase of the tool kits for a total of $152,749.
Account Number |
Revised Budget |
Budget Increase |
Amended Budget |
|
|
|
|
550-2133-460-61-35 |
$11,085 |
$152,749 |
$163,834 |
Total |
$11,085 |
$152,749 |
$163,834 |
RECOMMENDATION
Staff recommends that the City Council approve this ordinance amending the FY 2015 Municipal Operating budget by $152,749.