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Home My WebLink About241-17 RESOLUTIONi.:t'Arerrr cy fi. i� �R:jr. q.pLS hs-% 113 West Mountain Street Fayetteville, AR 72701 (479)575-8323 Resolution: 241-17 File Number: 2017-0561 FEDERAL AND STATE LAW ENFORCEMENT REVENUE: A RESOLUTION TO APPROVE A BUDGET ADJUSTMENT IN THE TOTAL AMOUNT OF $81,516.00 RECOGNIZING REVENUE ASSOCIATED WITH FEDERAL AND STATE LAW ENFORCEMENT FORFEITURES AND INSURANCE PROCEEDS FROM A WRECKED VEHICLE 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 $81,516.00 recognizing revenue associated with federal and state law enforcement forfeitures and insurance proceeds from a wrecked unmarked vehicle. PASSED and APPROVED on 11/21/2017 Attest: Sondra E. Smith, City Clerk Treasurer Page 1 Printed on 11/27/17 F City of Fayetteville, Arkansas 113 West Mountain Street r = ~ a Fayetteville, AR 72701 (479) 575-8323 Text File -- 'f File Number: 2017-0561 Agenda Date: 11/21/2017 Version: 1 Status: Passed In Control: City Council Meeting File Type: Resolution Agenda Number: A. 4 FEDERAL AND STATE LAW ENFORCEMENT REVENUE: A RESOLUTION TO APPROVE A BUDGET ADJUSTMENT IN THE TOTAL AMOUNT OF $81,516.00 RECOGNIZING REVENUE ASSOCIATED WITH FEDERAL AND STATE LAW ENFORCEMENT FORFEITURES AND INSURANCE PROCEEDS FROM A WRECKED VEHICLE 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 $81,516.00 recognizing revenue associated with federal and state law enforcement forfeitures and insurance proceeds from a wrecked unmarked vehicle. City of Fayetteville, Arkansas Page 1 Printed on 1112712017 City of Fayetteville Staff Review Form 2017-0561 Legistar File ID 11/21/2017 City Council Meeting Date - Agenda Item Only N/A for Non -Agenda Item Greg Tabor 11/3/2017 POLICE (200) Submitted By Submitted Date Division /Department Action Recommendation: Approval of a budget adjustment in the amount of $81,516 to recognize and increase revenue and expense budgets associated with federal and state law enforcement forfeitures and insurance proceeds from wrecked unmarked vehicle. Budget Impact: Various General / Sales Tax Account Number Fund Various Various Project Number Project Title Budgeted Item? NA Current Budget $ Funds Obligated $ Current Balance Does item have a cost? NA Item Cost Budget Adjustment Attached? Yes Budget Adjustment $ 81,516.00 Remaining Budget, V20140710 Previous Ordinance or Resolution # Original Contract Number: Approval Date: Comments: CITY OF T(I ("Ie ARKANSAS MEETING OF NOVEMBER 21, 2017 TO: Mayor and City Council CITY COUNCIL AGENDA MEMO FROM: Greg Tabor, Chief of PoliceNQkS DATE: November 3, 2017 SUBJECT: Budget Adjustment to Recognize Forfeitures and Insurance Proceeds RECOMMENDATION: Staff recommends approval of a budget adjustment in the amount of $81,516 to recognize and increase revenue and expense budgets associated with federal and state law enforcement forfeitures and insurance proceeds from a wrecked unmarked vehicle. 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 and state asset forfeiture funds which are drug related state forfeitures. The requested budget adjustment will recognize the following forfeitures and proceeds through September 2017: $915 from the Department of Justice; and $37,551 from state asset forfeitures. Additionally, unmarked unit 1310 was involved in a collision resulting in its total loss. Insurance proceeds in the amount of $21,525 were received for the replacement of unit 1310. The attached budget adjustment increases two revenue accounts and two expense accounts to first recognize the revenue in General Fund and then transfer these funds to increase expense budget in Capital Improvement Fund for the purchase of a replacement vehicle. The transfer between General Fund and Capital Improvement Fund requires a double entry budget adjustment (one set for each funds) resulting in total budget adjustment of $43,050; however, the net bottom line effect on the City Accounting Ledger is an increase of $21,525. Mailing Address: 113 W. Mountain Street www.fayetteville-ar.gov Fayetteville, AR 72701 BUDGET/STAFF IMPACT: Our expense budget will increase equal to the revenue received. There is no staffing impact related to this budget adjustment. Attachments: Budget Adjustment City of Fayetteville, Arkansas - Budget Adjustment Form (Legistar) Budget Year Division Adjustment Number /Org2 POLICE (200) 2017 Requestor: W. Newman BUDGET ADJUSTMENT DESCRIPTION / JUSTIFICATION: Recognize and increase revenue and expense budgets associated with federal and state law enforcement forfeitures and insurance proceeds from wrecked unmarked vehicle. COUNCIL DATE: LEGISTAR FILE ID#: 11/21/2017 2017-0561 -8arlrcwa, Fei,L 11/3/2017 10:00 AM Budget Director TYPE: DESCRIPTION: Date GLDATE: RESOLUTION/ORDINANCE I POSTED: % TOTAL 81,516 81,516 v.20170707 Increase / (Decrease) Proiect.Sub# Account Number Expense Revenue Project Sub AT Account Name 1010.200.2920-4308.02 - 37,551 33045 1 RE Public Safety Acts - Police Law Enforceme 1010.200.2920-5802.00 37,551 - 33045 1 EX Vehicles & Equipment - base 1010.200.2920-4504.00 - 915 33046 1 RE Forfeitures - Federal 1010.200.2920-5802.00 915 - 33046 1 EX Vehicles & Equipment - base 1010.200.2940-4881.02 21,525 RE **Gain/Loss - Sale of Assets - Gain/Loss -' 1010.090.6600-7602.47 21,525 - 57039 1702 EX Transfers To Funds - Capital Improvement 4470.200.8200-6602.01 - 21,525 06003 1 RE **Transfer from Fund - General 4470.200.8200-5802.00 21,525 - 06003 1 EX Vehicles & Equipment - base C:\Users\losmith\AppData\Roaming\L5\Temp\f9081 b66-2ea8-4df3-9a95-c80d685e4828 1 of 1