ITEM TITLE:
Authorization to Reimburse Valdez Schools for Purchase of Security Cameras in the Amount of $257,422
SUBMITTED BY: Brian Carlson, Finance Director
FISCAL NOTES:
Expenditure Required: $257,422
Unencumbered Balance: $257,422
Funding Source: 350.9591.58000, Capital Projects Reserve / School Cameras
RECOMMENDATION:
Approve authorization to reimburse Valdez Schools for purchase of security cameras in the amount of $257,422
SUMMARY STATEMENT:
This agenda item reflects the formal approval needed from Council for disbursements in excess of $40,000. The timeline of this item is as follows:
• November, 2016: Discussion among staff, School, and Council, and tentative agreement to incorporate into the 2017 City Budget via budget revision
• August, 2017: Finance Staff reviews related invoices and proof of School payment, prepares budget resolution
• September 5, 2017: Council approval of 2017 Budget revision, which includes $257K allocated to Capital Projects Reserve for school cameras
• September 19, 2017: Explicit Council approval of school camera disbursement (over $40K)
• September 22, 2017: Accounts Payable disbursement to Valdez Schools
Attachments: Invoices and Checks - Cameras.pdf