B. Effect on Budget (EOB):

June 1, 2026, Regular City Council Meeting · 2026-06-01 · agenda_item

The City of Destin is considering a budget amendment for fiscal year 2026 to fund the initiation of a technology lease. This involves leasing a scanner for 36 months at a total cost of approximately $16,933.32, including an implicit interest rate of 1.07%. The lease payments are set at $470.37 per month. Additionally, the city plans to enter into a service contract for $240.91 per month, which covers up to 2500 prints. Estimated costs for maintenance cartridges and additional copy counts are projected at up to $413.75 per month. This item is currently under review by the City Council. The project would involve the procurement and setup of new technology, including the scanner and associated IT maintenance and supplies. Local businesses that provide IT equipment, maintenance services, and office supplies could find opportunities. Engaging early, before final budget approval and procurement, may offer an advantage.

scanner value

13999 $

implicit interest rate

1.07 %

lease payments per month

470.37 $

lease term

36 months

total lease cost

16933.32 $

scanner lease principal (June - Sept 2026)

1823.68 $

interest expense (June - Sept 2026)

57.80 $

service contract cost per month

240.91 $

included prints

2500 prints

estimated additional maintenance cartridges and copy counts per month

413.75 $

IT maintenance contract (June - Sept 2026)

963.64 $

IT printing supplies (June - Sept 2026)

1655.00 $