HomeMy WebLinkAbout79-24 RESOLUTION113 West Mountain Street
Fayetteville, AR 72701
(479) 575-8323
Resolution: 79-24
File Number: 2024-1731
J.A. RIGGS TRACTOR COMPANY (BUDGET ADJUSTMENT):
A RESOLUTION TO APPROVE A BUDGET ADJUSTMENT ASSOCIATED WITH RESOLUTION 53-24
WHEREAS, on February 6, 2024, Resolution 53-24 was approved by City Council to authorize the purchase of a
Caterpillar Wheel Loader from J.A. Riggs Tractor Company; and
WHEREAS, the body of the resolution did not include approval of a necessary budget adjustment.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE,
ARKANSAS:
Section 1: That the City Council of the City of Fayetteville, Arkansas hereby approves a budget adjustment, a copy of
which is attached to this Resolution, associated with Resolution 53-24.
PASSED and APPROVED on March 5, 2024
Page 1
Attest:
CITY OF
FAYETTEVILLE
ARKANSAS
MEETING OF MARCH 5, 2024
CITY COUNCIL MEMO
2024-1731
TO: Mayor Jordan and City Council
THRU: Paul Becker, Chief Financial Officer
FROM: Kevin Springer, Budget Director
SUBJECT: Amend Resolution 53-24 - Approval Of A Budget Adjustment (JA Riggs Tractor, Co.)
RECOMMENDATION:
Approval of a resolution to amend Resolution 53-24 to include approval of a budget adjustment.
BACKGROUND:
Resolution 53-24 was approved by City Council on February 6, 2024, to authorize the purchase of a Caterpillar
Wheel Loader with waste package from J.A. Riggs Tractor Company.
DISCUSSION:
The recommendation section of the original staff memo indicated the need for the approval of a budget
adjustment, which was also included, but the body of the resolution did not include "approval of the budget
adjustment."
BUDGET/STAFF IMPACT:
A budget adjustment is being presented for your approval.
ATTACHMENTS: SRF (#3), BA (#4)
Mailing address:
113 W. Mountain Street www.fayetteville-ar.gov
Fayetteville, AR 72701
_= City of Fayetteville, Arkansas 113 West Mountain Street
Fayetteville, AR 72701
(479)575-8323
- Legislation Text
File #: 2024-1731
Amend Resolution 53-24 - Approval Of A Budget Adjustment (JA Riggs Tractor, Co.)
A RESOLUTION TO APPROVE A BUDGET ADJUSTMENT ASSOCIATED WITH RESOLUTION
53-24
WHEREAS, on February 6, 2024, Resolution 53-24 was approved by City Council to authorize the
purchase of a Caterpillar Wheel Loader from J.A. Riggs Tractor Company; and
WHEREAS, the body of the resolution did not include approval of a necessary budget adjustment.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FAYETTEVILLE, ARKANSAS:
Section 1: That the City Council of the City of Fayetteville, Arkansas hereby approves a budget
adjustment, a copy of which is attached to this Resolution, associated with Resolution 53-24.
Page 1
Kevin Springer
Submitted By
City of Fayetteville Staff Review Form
2024-1731
Item ID
3/5/2024
City Council Meeting Date - Agenda Item Only
N/A for Non -Agenda Item
2/9/2024 BUDGET & INFORMATION MGMT (133)
Submitted Date Division / Department
Action Recommendation:
AMEND RESOLUTION 53-24 -APPROVAL OF A BUDGET ADJUSTMENT (JA RIGGS TRACTOR, CO.)
9700.770.1920-5802.00
Account Number
02077-2024
Project Number
Budgeted Item? Yes
Does item have a direct cost? Yes
Is a Budget Adjustment attached? Yes
Purchase Order Number:
Change Order Number:
Original Contract Number:
Comments:
Budget Impact:
Shop
Fund
Construction Equipment
Total Amended Budget
Expenses (Actual+Encum)
Available Budget
Item Cost
Budget Adjustment
Remaining Budget
Project Title
$ 448,000.00
448,000.00
$ 325,370.68
$ 100,500.00
e. 223,129.32
V20221130
Previous Ordinance or Resolution # 53-24
Approval Date:
City of Fayetteville, Arkansas - Budget Adjustment (Agenda)
Budget Year Division Adjustment Number
FLEET OPERATIONS (770)
/Org2
2024
Requestor: Ross Jackson
BUDGET ADJUSTMENT DESCRIPTION / JUSTIFICATION:
Unit 6028 (SWST_FOSS) was budgeted for replacement in 2024. However, it was determined that they require a larger unit
to accomplish their tasks more efficiently. For this increase in equipment size, there is also an increase in cost. This request
is to move funds to Fleet to cover the additional cost of the initial purchase price.
COUNCIL DATE:
ITEM ID#:
3/5/2024
2024-1731
Holly Black
1/12/202q 2: q5 PIn
RESOLUTION/ORDINANCE
Budget Division Date
TYPE: D - (City Council)
JOURNAL#:
GLDATE:
CHKD/POSTED:
TOTAL
Account Number
201,000 201,000
Increase / (Decrease)
Expense Revenue
Project.Sub#
Project Sub.Detl AT
v.202413
Account Name
5500.750.5000-4999.99
-
100,500
RE
Use Fund Balance - Current
5500.750.5000-7602.70
9700.770.1920-6602.50
100,500
-
-
100,500
59700
02077
5500 EX
2024 RE
Transfers To Funds - Shop
Transfer from Fund - Solid Waste
9700.770.1920-5802.00
100,500
-
02077
2024 EX
Vehicles & Equipment - base
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