Broken Arrow City Council
Meeting of: 12-17-2024
Title:
title
Approval of and authorization to execute Budget Amendment Number 15 for Fiscal Year 2025
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Background:
The Municipal Budget Act adopted by the City Council allows the City or 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 #15 appropriates a portion of Fund Balance for projects and expenditures that were expected to have been expended or encumbered in FY24, or were inadvertently left out of the FY25 budget, and to adjust balances of projects to reflect actual availability of funds. The amendment also provides funding for purchase orders issued or contracts entered into during the previous fiscal year that continued into Fiscal Year 2025.
Cost: $2,118,180.00
Funding Source: Fund Balance, Prior Year Liquidated Encumbrances and Donations
Requested By: Cynthia Arnold, Finance Director
Approved By: City Manager’s Office
Attachments: Budget Amendment #15 for Fiscal Year 2025: Funds 110, 344 & 593
Recommendation:
recommend
Approval of and authorization to execute Budget Amendment Number 15 for Fiscal Year 2025.
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