Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Motor Pool Accounting topic
No spam. Unsubscribe anytime.
Staff flags motor‑pool accounting and possible double‑charging of capital and depreciation
Summary
Budget staff said the motor‑pool fund should be treated like an enterprise fund, flagged possible double‑counting of capital/lease costs plus depreciation, and said a line‑by‑line scrub is underway to correct allocations.
Presenter told the committee the motor‑pool fund should be treated in accordance with enterprise accounting standards and that, during a review, staff found instances that looked like 'double dipping'—charging both capital/lease costs and depreciation to operating funds. "It looks to me like we might be over extending ourselves a bit," the presenter said, and he committed to reworking depreciation schedules and capital accounting.
Committee members discussed the vehicle‑replacement cycle (a four‑year turnover for some mowers and a broader program for vehicles) and noted that market anomalies in used‑vehicle pricing during COVID have changed resale dynamics. Staff said the motor‑pool review could materially alter charges that now flow through to multiple funds and asked for time to realign accounting treatment before finalizing the tentative budget.
