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HomeMy WebLinkAbout118-15 RESOLUTIONRESOLUTION NO. 118-15 A RESOLUTION TO APPROVE A BUDGET ADJUSTMENT IN THE TOTAL AMOUNT OF $100,993.00 RECOGNIZING REVENUE ASSOCIATED WITH FEDERAL AND STATE LAW ENFORCEMENT FORFEITURES AND PROCEEDS FROM THE SALE OF A USED VEHICLE ON GOVDEALS.COM 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, in the total amount of $100,993.00 recognizing revenue associated with federal and state law enforcement forfeitures and proceeds from the sale of a used vehicle on GovDeals.com. PASSED and APPROVED this 21St day of July, 2015. APPROVED: ATTEST: By: �%�i��: �: f"'� SONDRA E. SMITH, City Clerk Treasurer �.��.• G1TY���;�r�f �� _ YETTEV6 `x= City of Fayetteville, Arkansas 113 West Mountain Street Fayetteville, AR 72701 (479) 575-8323 Text File File Number: 2015-0292 Agenda Date: 7/21/2015 Version: 1 Status: Agenda Ready In Control: City Council Meeting File Type: Resolution Agenda Number: A. 3 FEDERAL AND STATE LAW ENFORCEMENT REVENUE A RESOLUTION TO APPROVE A BUDGET ADJUSTMENT IN THE TOTAL AMOUNT OF $100,993.00 RECOGNIZING REVENUE ASSOCIATED WITH FEDERAL AND STATE LAW ENFORCEMENT FORFEITURES AND PROCEEDS FROM THE SALE OF A USED VEHICLE ON GOVDEALS.COM 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, in the total amount of $100,993.00 recognizing revenue associated with federal and state law enforcement forfeitures and proceeds from the sale of a used vehicle on GovDeals.com. City of Fayetteville, Arkansas Page 1 Printed on 7/17/2015 City of Fayetteville Staff Review Form 2015-0292 Legistar File ID 7/21/2015 City Council Meeting Date - Agenda Item Only N/A for Non -Agenda Item Mike Reynolds 6/22/2015 Police / Police Department Submitted By Submitted Date Division / Department Action Recommendation: Approval of a budget adjustment in the amount of $100,993 to recognize revenue law enforcement forfeitures, proceeds for Gov Deals.com, and increase corresponding expense budgets. 1010.2920.5802.00 Account Number 33045-1; 33046-1; 39024-2009 Project Number Budgeted Item? No Does item have a cost? No Budget Adjustment Attached? Yes Budget Impact: General Fund LE Federal/State Forfeitures Project Title Current Budget Funds Obligated Current Balance Item Cost Budget Adjustment Remaining Budget $ 423,532.00 $ 28,354.53 L$ 395,177.47 $ 100,933.00 $ 496,110.47 V20140710 Previous Ordinance or Resolution # Original Contract Number: Approval Dater RI Comments: CITY OF PV izyVKA CITYCOUNCIL AGENDA MEMO AS MEETING OF JULY 21, 2015 TO: Mayor and City Council FROM: Mike Reynolds, Deputy Chief of Police DATE: June 22, 2015 SUBJECT: Law Enforcement Forfeitures for Fayetteville Police Department RECOMMENDATION: Staff recommends approval of a budget adjustment in the amount of $100,993 to recognize revenue associated with law enforcement forfeitures, proceeds from sale on Gov Deals.com, and increase corresponding expense budgets. BACKGROUND: The Fayetteville Police Department receives forfeitures as a result of civil proceedings concerning cash or property seized during a criminal investigation. Most of the forfeitures we have received in the past are a direct result from the efforts of the officers we assign to the 4th Judicial District Drug Task Force (4th DTF), the local office of the Federal Drug Enforcement Agency (DEA), and the Internal Revenue Service (IRS) Financial Crimes Task Force. By statute, federal and state forfeitures are to be spent for law enforcement purposes only. All purchases utilizing these funds must follow the City of Fayetteville Purchasing Policy. DISCUSSION: Funds within this budget adjustment consist of Department of Justice funds which are drug related federal forfeitures, Department of Treasury funds which are Internal Revenue Service related forfeitures, State Asset Forfeiture funds which are drug related state forfeitures, and the reimbursement of expenses used to purchase unit # 1284 due to the salvage sale of unit #1236 via GovDeals.com. The requested budget adjustment will recognize the following forfeitures and proceeds through May 2015: $24,735 from the Department of Justice; $25,429 from Department of Treasury; $25,153 from State Asset Forfeitures; and $12,838 from proceeds from the sale of unit # 1236. BUDGET/STAFF IMPACT: Our expense budget will increase equal to the revenue received through May 2015. There is no staffing impact related to this budget adjustment. Attachments: Budget Adjustment Mailing Address: 113 W. Mountain Street www.fayetteville-ar.gov Fayetteville, AR 72701