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ICA8AR~I]S COl]NflI <br /> <br />MEMORANDUM <br /> <br />To: <br /> <br />From: <br /> <br />Date: <br /> <br />Board of Commissioners <br /> <br />Blair Bennett ~ <br />November 7, 1994 <br /> <br />Subject: Sale of Surplus Property <br /> <br />Cabarrus County held an auction of surplus property on 11/2/94. Proceeds and expenses were as <br />follows: <br /> <br />General Surplus Property <br /> <br />9 Vehicles <br /> <br />Sheriff Recoveries Stolen Property <br /> <br />Gross Advertising Net <br />Amount Commissions Expense Proceeds <br />$4,811.50 $481.15 $135.02 $4,195.33 <br />9,825.00 491.25 276.05 9,057.70 <br />618.00 61.80 340.03 216.17 <br />$15,254.50 $1,034.20 $751.10 $13,469.20 <br /> <br />AMC Auction Company conducted this sale and we were very pleased with the turnout from <br />dealers and the general public. They maintain an extensive mailing list that informs and attracts <br />participants for upcoming sales. Also, their computer assisted logging and tracking of all property <br />sold is necessary for us to properly maintain our fixed asset inventory by department. They <br />additionally track and segregate the items sold from sheriff department recoveries, which we must <br />further distribute proceeds to the schools. <br /> <br /> Finance Department <br /> <br />P O Box 707 · Concord, NC 28026.0707 · ,70,~) 788 8104 <br /> <br /> <br />