Submitted By: Danielle Phillips
presenter
Presentation By: Cindy Krepps
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Department: Public Works
STAFF RECOMMENDATION (Motion Ready):
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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
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OCALA'S RELEVANT STRATEGIC GOALS:
Operational Excellence.
PROOF OF PUBLICATION:
N/A
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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:
109-099-99...
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