TO:
Honorable Mayor and Members of the City Council
THROUGH:
Bruce Moe, City Manager
FROM:
Steve S. Charelian, Finance Director
Henry Mitzner, Controller
SUBJECT:Title
Consider Transfer in the Amount of $105,967 from the AB 2766 Fund to the Fleet Management Fund for Reimbursement of Vehicle Purchases (Finance Director Charelian).
APPROVE
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Recommended Action
RECOMMENDATION:
Staff recommends that the City Council approve transferring available funds from the Assembly Bill (AB) 2766 Air Quality Fund to reimburse the Fleet Management Fund for the purchase of three Chevrolet Bolts. The total cost of the vehicles was $105,967.
Body
FISCAL IMPLICATIONS:
Funds totaling $43,500 are currently budgeted in the AB 2766 Air Quality Fund for the purchase of two electric vehicles in fiscal year ending June 30, 2019. The transfer request will add $105,967 to the existing budget for a total adjusted budget of $149,467. Sufficient fund balance is available in the AB 2766 Air Quality Fund.
BACKGROUND:
Purchases of city vehicles are captured by the Fleet Management Fund, which is an internal service fund of the City. Purchases of vehicles that promote air quality are eligible for reimbursement via a transfer from the AB 2766 Air Quality Fund. A purchase for three electric vehicles was made in June 2018.
DISCUSSION:
The AB 2766 Air Quality Fund receives subventions from the State to promote environmental air quality, and the purchase of electric vehicles are eligible expenditures. Three electric Chevrolet Bolt vehicles were purchased by the Fleet Management Fund in June 2018; however, the transfer of funds did not occur. Although the purchases did take place in fiscal year 2017-2018, a transfer may be made in the current year (FY 2018-2019) to reimburse the Fleet Management Fund with the restricted AB 2766 Air Quality Funds.
PUBLIC OUTREACH:
After analysis, staff determined that public outreach was not req...
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