Consent agenda: Budget amendment to allocate insurance recovery funds for a totalled City bus

What it does

Changes the budget to allocate insurance recovery funds for a totalled City bus.

• Passed with the routine items, in one vote, without discussion.
• The money, in the minutes' words: “Action Requested: Adoption of a budget amendment in both the Transit Capital Projects Fund and the Property and Liability Fund in the amount of $359,706 from insurance funds received in consideration for a totalled City of Asheville (City) bus to apply towards the purchase of a new bus.”
• Why it matters: The budget is the City's spending plan. An amendment adds money or moves it to a new use.

Official title: Budget amendment to allocate insurance recovery funds for a totalled City bus