ITEM TITLE:
#22-42 - Amending the 2022 City Budget by Transferring $20,000 from Major Equipment Reserve to Sewer Department Contractual Services
SUBMITTED BY: Jordan Nelson, Finance Director
FISCAL NOTES:
Expenditure Required: $20,000
Unencumbered Balance: $37,768
Funding Source: Major Equipment Reserve
RECOMMENDATION:
Approve
SUMMARY STATEMENT:
• Sewer Dredge was originally budgeted in Major Equipment for $245,000
o This represented Public Works estimates of “all-in” costs to bring the dredge online
o This Budget Adjustment will bring the current “all-in” cost of bringing the dredge online to $227,232 detailed as follows:
§ $198,896 Purchase price
§ $8,336 Parts & Supplies
§ $20,000 Electrical Contractual Services