Broken Arrow City Council
Meeting of: 10-15-2024
Title:
title
Approval of and authorization to execute Budget Amendment Number 13 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 #13 is to recognize anticipated insurance proceeds and appropriate those proceeds for signalization repair at Highway 51 and Oneta Road necessitated by a traffic accident.
Cost: $130,000.00
Funding Source: Insurance Proceeds
Requested By: Cynthia Arnold, Finance Director
Approved By: City Manager’s Office
Attachments: Budget Amendment #13 for Fiscal Year 2025
Recommendation:
recommend
Approval of and authorization to execute Budget Amendment Number 13 for Fiscal Year 2025.
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