Board Book 2023

Request

For Capital

Expenditure

To replace an exhausted or inoperable asset, or enhance an existing asset so that it will perform more efficiently or improve its 6ppearance beyond normal repair or maintenance cost of $1,000. 1898

Department: Athletics This request for authorization of a capital * Normal Replacement ($1,000 or more) * Improved Service * Improved Appearance * Government Required

Date: 5/15/2023

NO.:

expenditure is made necessary by:

* Cost Reduction or Revenue Enhancer * New Asset * Other

TITL E: VibrationPlateReplacement

Description and Justification:

The current Vibration Plate is over 12 years old and most of the buttons no longer work. The primary commercial vibration plate is sold by Powerplate, directly through their website, so there is no competing quotes attached.

Disposition of Old Assets:

Estimated Costs:

ll ,196.00

Materials/Equipment

1, Replacementfrequency:

7-10years

Labor

2 , J';B((-45; Full amount due on purchase

Contingency

11,196.00

Total

867.69

Tax, Shipping, etc,

12,063.69

Total Cost

Less Sale of Old Asset

12,063.69

FINAL COST

Bids: (Two minimum - List companies that forwarded bids or attach explanation for sole source):

I,PowerPlate

2,

CFO Recommendation:

n approved Capital Budget For FYE24. Funds available. Recommend approval.

Ill's", d, 2,3

Approvals and Authorizations: Approval Dept. Head ND Comm, Chrm, 4 General Manager §

Date: 5/1 5/2023