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Bradley County road superintendent seeks $97,900 to buy Vermeer chipper; sale and insurance to fund purchase
Summary
Road Superintendent Tom Collins requested a budget amendment for $97,900 to buy a Vermeer BC1800XL chipper, to be funded by sale-of-equipment proceeds ($91,000) and insurance recovery ($6,900).
Bradley County Road Superintendent Tom Collins asked the county to amend the fiscal year budget to authorize a $97,900 capital purchase of a Vermeer BC1800XL chipper.
The amendment states proceeds from an equipment sale ($91,000) plus an insurance recovery ($6,900) will fund the purchase. The budget line identified is 131-68000, line 790 (Other Equipment). The amendment’s description notes the action is to ‘‘amend the budget to cover purchase of Vermeer Chipper BC1800XL.’’
The Finance Committee recommendation field is present on the form but the packet does not show the committee’s checked approval or denial mark in the scanned copy. The transaction, if approved, will be a capital outlay and should be reflected in the county capital-asset inventory and next appropriation cycle.
