Consideration of a budget amendment to appropriate funds to the Equipment Maintenance & Fleet Services Division in the amount of $200 000 to cover fuel purchases through the remainder of FY05 06. City of Culver City California City Council Agenda Item Report Meeting Date: 05/22/06 Item Number: A 7 AGENDA ITEM: That the City Council authorize a budget amendment to appropriate funds to the Equipment Maintenance & Fleet Services Division in the amount of $200 000 to cover fuel purchases through the remainder of FY05 06. Contact Person/Dept.: Paul Condran Phone Number: 310 253 6520 X No Fiscal Impact: Yes Public Hearing: Public Notification: Master Notification List (05/18/06) Department Approval: Stephen Cunningham (5/11/06) City Controller Approval: Marlee Chang 5/17/06 RECOMMENDATION: General Fund: Yes X No Attachments: Action Item: X CAO Approval: Jerry Fulwood 5/18/06 That the City Council authorize a budget amendment to appropriate funds to the Petroleum Products account 30868900.520000 of the Equipment Maintenance & Fleet Services Division of the Transportation Department in the amount of $200 000 to cover fuel purchases through the remainder of FY05 06. A 4/5ths vote is required to adopt a budget amendment. BACKGROUND: The Equipment Maintenance & Fleet Services Division of the Transportation Department is responsible for the purchase and distribution of fuel for all City vehicles including the compressed natural gas powered fleet. The Fiscal Year 05 06 adopted budget for Petroleum Products was $1 070 000. After considerable spikes in the cost for natural gas after Hurricane Katrina (a 42% increase) and the subsequent rise in petroleum fuels since July 2005 (a 45% increase) the division has utilized its initial budget for fuels. We have also utilized an additional $100 000 in funds specifically appropriated for possible fuel increases in an appropriated reserve line item. Staff has analyzed projected fuel purchase costs and has concluded that an additional $280 0...
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