Title
A summary of fund transfers being presented to the Finance and Audit Committee. (INFORMATIONAL ONLY UNLESS OTHERWISE DIRECTED BY THE COMMITTEE).
Body
Summary of Fund Transfers for Consideration at the Finance and Audit Committee March 2011
- Informational Report
Description Amount
DTPW Transit $421, 681.00
1. An appropriation transfer is being requested by the Department of Transportation and Public Works to establish additional expenditure authority for existing capital project WT303 HVAC Controls at MCTS Facilities. Project WT 303 was originally funded in 2007 but was suspended in 2009 after $400,000 was transferred out of the project to supplement a different transit project, WT 048 Heating System Replacement at the MCTS Administration Building. The Department is requesting that $421,681 from the recent sale of the Mill Road Transfer Center be used to complete work on Project WT303. Federal Transit Administration regulations require that proceeds from the Mill Road Sale be used on a future transit capital project. Work to be continued on Project specifications for this work, are scheduled for completion in late February 2011. Approval of this fund transfer will allow for completion of Project WT 303 as originally programmed. It is requested that this fund transfer be approved. The fund transfer has no tax levy impact.
Description Amount
Fleet Management $ 75, 000.00
1. An appropriation transfer is requested by the Director of Transportation and Public Works to fund a project for a Fleet Car Wash by transferring funds from the Fleet Equipment Acquisition Project. The present car wash was installed in 1981. The system was expected to have a useful life of ten years and is currently fully depreciated. The car wash has frequent breakdowns and parts are no longer available and must be custom manufactured. This system is for cars and small trucks. The new car wash will be able to withstand large amounts o...
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