17 047 Surplus Materials Rpt

Report No: Meeting Date: ' l lHANS/T 17-047 February 22, 2017 Alameda-Contra Costa Transit District STAFF REPORT TO:...

2 downloads 134 Views 79KB Size
Report No: Meeting Date:

' l lHANS/T

17-047 February 22, 2017

Alameda-Contra Costa Transit District

STAFF REPORT TO:

AC Transit Board of Directors

FROM:

Michael A. Hursh, General Manager

SUBJECT:

Fiscal Year 2016-2017 Second Quarter Surplus and Obsolete Materials Report.

BRIEFING ITEM RECOMMENDED ACTION(S);

Consider Receiving the FY 2016- 2017 Second Quarter Surplus and Obsolete Materials Report. BACKGROUND[ RATIONALE:

During the Second Quarter of Fiscal Year 2016 - 2017, the District sold at First Capitol Auction one Ingersoll Rand uni-15 shop air compressor. This equipment has been deemed obsolete and was sold via auction process for fair market value at the time of the sale. BUDGETARY/ FISCAL IMPACT:

The net return in the amount of $640.00 for the sale of obsolete shop equipment was applied to the District's General Fund. ADVANTAGES/ DISADVANTAGES:

The Board of Directors has requested a quarterly report on obsolete and surplus sales. ALTERNATIVES ANALYSIS:

Staff found no practical alternatives to the course of action recommended in this report. PRIOR RELEVANT BOARD ACTION/ POLICIES:

Board Policy 461: Disposition of District-owned Surplus Equipment, Supplies, and other Tangible District Property. ATTACHMENTS:

None Approved by:

Claudia L. Allen, Chief Financial Officer

Reviewed by:

Denise C. Standridge, General Counsel Officer Jon Medwin, Procurement and Materials Director

Prepared by:

Fred Walls, Materials Superintendent

1 of 1