SUBJECT
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Public Hearing and Introductory ordinance amending the City of Laredo fiscal year 2023-2024 Fleet Management fund by appropriating revenues and expenses of $1,200,000 for the projected additional revenues and continued operational repairs.
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PREVIOUS COUNCIL ACTION
On September 18, 2023, City Council adopted the Fiscal Year 2023-2024 Annual Budget
BACKGROUND
Fleet revenues and expenses are projected to exceed current appropriations by $1,200,000, due to an increase of repairs, equipment, and mechanical services. The allocation will provide the necessary appropriations to ensure proper continuation of operations during the current fiscal year.
COMMITTEE RECOMMENDATION
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STAFF RECOMMENDATION
recommendation
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Fiscal Impact
Fiscal Year: 2024
Budgeted Y/N?: N.
Source of Funds: Fleet Management Fund
Account #: N.
Change Order: Exceeds 25% Y/N: Click or tap here to enter text.
FINANCIAL IMPACT:
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Proposed |
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Revenue: |
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593-0000-331.80-70 |
Garage Repairs |
$ 1,200,000 |
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Expenses: |
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593-2810-533.20-78 |
HD Parts |
$ 1,000,000 |
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593-2810-533.20-72 |
Tires and Tubes |
$ 120,000 |
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593-2810-533.20-79 |
Small Units |
$ 80,000 |