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ITEM: AUTHORIZATION OF DISPOSITION OF SURPLUS TANGIBLE PERSONAL PROPERTY
REQUEST: Authorization to approve the FY 2014 disposition of surplus tangible personal property, including retired items.
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EXPLANATION: The following is a summary of one hundred and seven (107) surplus items of tangible personal property (TPP) or fixed assets meeting disposition criteria per the Wellington Purchasing and Procurement Policy Chapter 13, Section D (Exhibit A is attached). The initial total purchase cost of these items was $592,148.48 with an accumulated total depreciation of $558,115.92, resulting in a current value of $34,032.56.
Fixed assets (vehicles, heavy equipment, portable, office and computer) will be sold through GovDeals, Wellington's approved public auction vendor. In the event that portable, office and computer equipment does not sell through GovDeals, Wellington will recycle these items utilizing a state certified recycling vendor. Additionally, twenty-seven (27) items were identified as items to be scrapped.
METHOD OF DISPOSAL
By Selling
By Scrapping
Total Surplus
Acquisition Cost of Items To Be Disposed
$553,647.62
$38,500.86
$592,148.48
Accumulated Depreciation
$523,218.44
$34,897.48
$558,115.92
TOTAL NET VALUE
$30,429.18
$3,603.38
$34,032.56
Surplus TPP or fixed assets are identified annually as part of a Village-wide departmental inventory and condition assessment. A master list of these fixed assets, verified by OFMB, is categorized as no longer useful, obsolete, or to be exchanged for a new purchase/replacement.
In addition, fleet maintenance evaluated the vehicles and heavy equipment, and determined that due to their age, condition and high cost of maintenance, they needed to be replaced. This process, including the various methods of disposal, is pursuant to our Purchasing and Procurement Policy and is consistent with Florida Statutes.
Items to be sold will be placed on GovDeals.com, an onli...
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