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
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