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AC TRANSIT DISTRICT Board of Directors GM Memo No. 10-051 Meeting Date: February 24, 2010 Committees: Operations Commi...

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AC TRANSIT DISTRICT Board of Directors

GM Memo No. 10-051 Meeting Date: February 24, 2010

Committees: Operations Committee External Affairs Committee Board of Directors

Planning Committee Finance and Audit Committee Financing Corporation

SUBJECT: Consider Receiving the Second Quarter of Fiscal Year 2009-2010 Surplus and Obsolete Materials Report RECOMMENDED ACTION: Information Only

Briefing Item

Recommended Motion

Receive the Second Quarter Surplus and Obsolete Materials Report

Fiscal Impact: Net revenue of $9,572.01 Background/Discussion: During the second quarter of FY 09/10, the District disposed of (9) 3300 Paratransit vehicles. After commission and other costs associated with the sale, the District received a net return of $9,572.01 Prior Relevant Board Actions/Policies: Board Policy 356 Attachments: N/A Approved by: Prepared by: Date Prepared:

Rev. 1/10

Mary V. King, Interim General Manager Lewis G. Clinton, Jr., Chief Financial Officer Ed Barrow, Materials Supertindent February 2, 2010