| | | | | | | |  | CITY OF PLANO
COUNCIL AGENDA ITEM |
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| | | | | | | | Council Meeting Date: 7/22/2019
Department: Purchasing
Department Head: Diane Palmer-Boeck
Agenda Coordinator: Pam Kirkland |
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CAPTION
RFB No. 2019-0340-C for a one (1) year contract with three (3) one-year City optional renewals for Small Water Meter Boxes for Inventory Control & Asset Disposal to Bass and Hays Foundry, Inc. in the estimated annual amount of $65,928; and authorizing the City Manager to execute all necessary documents. Approved |
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FINANCIAL SUMMARY Operating Expense
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| FISCAL YEAR: 2018-19 thru 2022-23 |
Prior Year
(CIP Only) |
Current
Year
|
Future
Years
|
TOTALS |
| Budget |
0 |
1,108,935 |
238,712 |
1,347,647 |
| Encumbered/Expended Amount |
0 |
-847,130 |
0 |
-847,130 |
| This Item |
0 |
-25,000 |
-238,712 |
-263,712 |
| Balance |
0 |
236,805 |
0 |
236,805 |
FUND(S): Warehouse
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COMMENTS: This request is for an annual contract with three (3) one-year City optional renewals in the estimated annual amount of $65,928 for small water meter boxes. The Inventory Control & Asset Department estimates spending approximately $25,000 for this item in the 2018-19 Budget, which will leave a remaining balance of $236,805 for inventory stock expenditures. Future year expenditures are dependent on contract renewals, in the annual estimated amount of $65,928 for 2019-20 through 2021-22 and $40,928 for 2022-23 Budgets. All future year expenditures will occur within council approved appropriations. |
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SUMMARY OF ITEM
See Recommendation Memo
Strategic Plan Goal:
Financially Strong City with Service Excellence
Plano Tomorrow Plan Pillar:
Built Environment |
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