ITEM TITLE:
Title
Consider approving a resolution amending the City of Lawton FY25 Budget, as amended, by appropriating $50,000.00 from the General Fund to the Lawton Police Department’s Machinery and Equipment fund, for the purchase of a police vehicle.
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INITIATOR: James Smith, Police Chief
STAFF INFORMATION SOURCE: Rebecca Johnson, Finance Director
BACKGROUND: Geico Casualty issued a check to the City of Lawton in the amount of $50,000.00 for police unit 66125, which was a total loss due to an accident caused by their insured. The funds were placed in the General Fund on September 19, 2024. The police department is requesting the funds be transferred to the Police Department Machinery and Equipment Fund account for the purchase of a replacement police unit.
EXHIBIT: Resolution No. 24-_______
KEY ISSUES: N/A
FUNDING SOURCE: Insurance Proceeds
STAFF RECOMMENDED COUNCIL ACTION: Approve a resolution amending the City of Lawton FY25 budget, as amended, by appropriating $50,000.00 to the Lawton Police Department Machinery and Equipment fund 1007002 53015.