Submitted By: Danielle Phillips
presenter
Presentation By: Cindy Krepps
end
Department: Public Works
STAFF RECOMMENDATION (Motion Ready):
title
Adopt Budget Resolution 2023-141 amending the Fiscal Year 2022-2023 budget to transfer funds from the gas tax reserve for fund balance for the purchase of traffic signal cabinets in the amount of $254,010
end
OCALA’S RELEVANT STRATEGIC GOALS:
Operational Excellence.
PROOF OF PUBLICATION:
N/A
body
BACKGROUND:
The Public Works Traffic division is requesting the purchase of traffic signal cabinets. The purchase is requested in advance of the Fiscal Year 2023-2024 budget due to significant lead times.
FINDINGS AND CONCLUSIONS:
Widespread commodity shortages causing decreased production and longer lead times affect inventory supply. The requested early purchase of traffic signal cabinet assemblies will help ensure the Public Works Traffic Division has equipment on hand to keep signalized intersections operational. Staff recommends approval of this early purchase utilizing the awarded Florida Department of Transportation contract.
FISCAL IMPACT:
Funding for this purchase will be transferred from the Gas Tax Reserve for Fund Balance and made available in 109-023-201-541-54-52010.
PROCUREMENT REVIEW:
N/A
LEGAL REVIEW:
N/A
ALTERNATIVE:
• Adopt with Changes
• Table
• Deny
BUDGET RESOLUTION 2023-141
A RESOLUTION AMENDING THE FISCAL YEAR 2022-2023 BUDGET TO TRANSFER FUNDS FROM THE GAS TAX RESERVE FOR FUND BALANCE FOR THE PURCHASE OF TRAFFIC SIGNAL CABINETS IN THE AMOUNT OF $254,010
WHEREAS, significant lead times for traffic signal cabinets affect inventory supply; and
WHEREAS, the total cost is $254,010; and
WHEREAS, this purchase will utilize the awarded Florida Department of Transportation contract.
NOW THEREFORE, BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF OCALA, FLORIDA, duly assembled in regular session, that the Fiscal Year 2022-2023 budget be amended as outlined below:
SOURCE:
109-099-999-541-81-99999 Gas Tax Reserve for Fund Balance ($254,010)
USE:
109-023-201-541-54-52010 Operating Supplies-Other $254,010
This resolution adopted this ______ day of ______________________, 2023.
ATTEST: CITY OF OCALA
By: By:
Angel B. Jacobs James P. Hilty Sr.
City Clerk President, Ocala City Council
Approved as to form and legality:
By: _________________________________
William E. Sexton
City Attorney
Reviewed for accounting accuracy & completeness:
By: _________________________________
Peter A. Lee
City Manager