Loading...
HomeMy WebLinkAboutAGENDA BACKUP 04-10-97 ~ Lc:ntral Contra Costa Sanitary District BOARD OF DIRECTORS ::::::I.&iM:I':'.Ri::::::i5jja~~~lllIf:'~::'::~ BOARD MEETING OF ::::::::::;~:m:::IfIl!:::I::t::.~:I::::::!ID.,):m~~:~,,:,;:;:;;;;,:,,::::t;;::~:~~~:~:I::: April 10, 1997 Page 1 of 1 NO. 3a. DATE TYPE OF ACTION March 28, 1997 RECEIVE EQUIPMENT BUDGET SUBJECT RECEIVE THE 1997-1998 EQUIPMENT BUDGET FOR REVIEW, APPROVE AN INCREASE OF THE FIXED ASSET CAPITALIZATION LIMIT TO $1,000, AND APPROVE AN INCREASE IN THE CONTINGENCY APPROVAL LIMIT TO $3,500. SUBMITTED BY Debbie Ratcliff, Controller INITIATING DEPTiOlV Administrative/Finance and Accounting ISSUE: The 1997-1998 Equipment Budget is submitted for Board review. BACKGROUND: The 1997-1998 Equipment Budget is being submitted for review. A list of all equipment items requested by each department, categorized by functional classification, is supported by a descriptive sheet which provides justification for each item. A comparative summary of the Equipment Budget by department for the 1997-1998 and four prior fiscal years is provided. There is a critical equipment system, the voice mail system, that will require replacement within the 1997-98 Fiscal Year. However, the technical specifications and selection process have yet to be finalized. It is staff's intention to include this voice mail system replacement as a project in the 1997-98 Capital Improvement Budget. The 1997-1998 Equipment Budget is scheduled for approval at the May 1, 1997 Board Meeting, after review at a Board Capital Projects Committee Meeting/Board Workshop on April 10, 1997. Based on advice from the internal auditor, District staff requests that the Board approve an increase in the fixed asset capitalization limit from $500 to $1,000 effective July 1, 1997. Staff is also requesting that the Board authorize an increase in the maximum contingency approval limit of the General Manager-Chief Engineer from $2,000 to $3,500 per request. This approval limit has not been increased for more than ten years. The proposed change would reduce the administrative labor required to purchase equipment items that have increased in cost due to inflation. RECOMMENDA1l0N: Receive the 1997-1998 Equipment Budget for review and provide District staff with comments and guidance. Further, approve an increase of the fixed asset capitalization limit from $500 to $1,000, and increase the contingency approval limit of the General Manager-Chief Engineer from $2,000 to $3,500. AIIID RECOMVENDED FOR BOARD ACTION DR INITIATING DEPARTMENTiOlV1S10N d 5 :\ADMIN\POSPAPER\EQBUDREV .PP 9116/96