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Report ID: 20-416   
Type: Consent
Meeting Body: Board of Directors - Regular Meeting
Meeting Date: 11/12/2020 Final action: 11/12/2020
Recommended Action: Consider receiving the FY 2020-21 First Quarter Surplus and Obsolete Materials Report.
Attachments: 1. STAFF REPORT, 2. Master Minute Order

TO:                                          AC Transit Board of Directors                                          

FROM:                                          Michael A. Hursh, General Manager

SUBJECT:                     Fiscal Year 2020-21 First Quarter Surplus and Obsolete Materials Report                     

 

BRIEFING ITEM


RECOMMENDED ACTION(S):

 

Title

Consider receiving the FY 2020-21 First Quarter Surplus and Obsolete Materials Report.

Body

 

STRATEGIC IMPORTANCE:

 

Goal - Financial Stability and Resiliency

Initiative - Financial Efficiency and Revenue Maximization

 

The use of a public auction for the disposition of surplus and obsolete materials provides the District an opportunity to regain proceeds from the sale of items that have lost their usefulness.

 

BUDGETARY/FISCAL IMPACT:

 

There was no sales revenue generated to apply to the District’s General Fund.

 

BACKGROUND/RATIONALE:

 

In accordance with District Board Policy 461, the Materials Department is required to report the sale of obsolete and surplus parts and equipment on a quarterly basis.

 

ADVANTAGES/DISADVANTAGES:

 

There are no advantages or disadvantages associated with this report.

 

ALTERNATIVES ANALYSIS:

 

This report is informational. Therefore, no alternative analysis is required.

 

PRIOR RELEVANT BOARD ACTION/POLICIES:

 

Board Policy 461: Disposition of Surplus Equipment, Supplies, and Other Tangible Personal Property of the District.                     

ATTACHMENTS:

 

None

 

Prepared by:

Ryan Banea, Acting Purchasing Manager

 

 

Approved/Reviewed by:

Fred Walls, Acting Director of Procurement and Materials

Claudia L. Allen, Chief Financial Officer

Jill Sprague, General Counsel