Title
Reallocate funds and accept penalty payment for late delivery of 2017 KME Custom Pumper
Summary
Description of Topic: (who, what, where, when, why and how much)
Requesting approval to reallocate funds from FY16 to FY17 for the purchase of the 2017 KME Custom Pumper in the 02-600-7010 Fire Ad Valorem Fund Capital Purchase account. Also requesting to accept the penalty payment from NAFECO in the amount of $3,300 for late delivery of the 2017 KME Custom Pumper and credit same to account 02-600-7010 Fire Ad Valorem Fund Capital Purchase.
Budgetary Impact:
Non-Capital Item:
____ Budgeted under account #_______________ (discussion item)
____ Not budgeted, requesting transfer of $__________ from Account #______________ to Account #_____________.
____ Not budgeted requiring increase to account #___________ in the amount of $____________.
Capital - Departmental
____ Budgeted under account #______________ for $___________ and described in budget as __________________________________.
Additional amount needed, if any: Increase in budget of $_____________ OR, transfer of $___________ from Account #____________ to Account #_______________
__X__ Not Budgeted - account #_02-600-7010_ requires budget increase of $_434,639.50__.
Capital Project - **THE PRE-PROJECT CHECKLIST AND BUDGET CHECKLIST MUST BE ATTACHED TO THIS FILE**
In current year Capital Projects Plan:
_____ Yes, planned amount $___________, requesting $_________ as total project estimate, including contingencies, under account #_________________
_____ No, requesting $___________ as total project estimate, including contingencies, under account #____________________
Body
WHEREAS, The Foley Fire Department budgeted and ordered a custom fire pumper in FY16, and
WHEREAS, the Foley Fire Department did not take delivery of their 2017 KME Custom Pumper on 11-2-2016, and
WHEREAS, the capital purchase of the pumper was prepaid in FY16, and
WHEREAS, there was a penalty by contract for late delivery of the pumper.
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Foley, Alabama, as follows:
SECTION 1: Reallocates funds from the FY16 budget to FY17 budget in the amount of $437,939.50 for the purchase of the 2017 KME Custom Pumper in the 02-600-7010 Fire Ad Valorem Fund Capital Purchase account, amending the budget accordingly.
SECTION 2: Accepts the penalty payment from NAFECO in the amount of $3,300 for late delivery of the 2017 KME Custom Pumper and amends the budget for account 02-600-7010 Fire Ad Valorem Fund Capital Purchase.
SECTION 3: This Resolution shall become effective immediately upon its adoption as required by law.