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