Broken Arrow Municipal Authority
Meeting of: 07-31-2023
Title:
title
Approval of and authorization to execute Budget Amendment Number 38 for Fiscal Year 2023
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Background:
The Municipal Budget Act adopted by the City Council allows the City and Authorities to amend the budget at any time during the year for necessary expenditures incurred that exceed the original budget or when circumstances warrant the action.
Budget Amendment Number 38 will be BAMA’s final budget amendment for the year and provides for final funding of expenditures for budgetary compliance. Funds are available from the appropriation of revenues that exceed the original budget and Fund Balance.
Cost: $2,326,000
Funding Source: Unappropriated Revenues and Fund Balance
Requested By: Cynthia Arnold, Finance Director
Approved By: City Manager’s Office
Attachments: Budget Amendment Number 38- BAMA
Recommendation:
recommend
Approve and authorize execution of Budget Amendment Number 38 for Fiscal Year 2023.
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