Broken Arrow City Council
Meeting of: 09-19-2023
Title:
title
Approval of and authorization to execute Budget Amendment Number 8 for Fiscal Year 2024
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Background:
The Municipal Budget Act adopted by the City Council allows the City 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 8 is to provide funding for Fiscal Year 2023 project 2312020 in Information Technology where equipment purchased was incorrect and had to be returned. Budget Amendment Number 8 recognizes the refund from the return as Miscellaneous Income in Fiscal Year 2024 then appropriates that income for the purchase of the correct equipment for Project 2312020.
Cost: $107,851.18
Funding Source: Refund from return of Project 2312020 equipment
Requested By: Cynthia Arnold, Finance Director
Approved By: City Manager’s Office
Attachments: Budget Amendment #8 for Fiscal Year 2024
Recommendation:
recommend
Approval of and authorization to execute Budget Amendment Number 8 for Fiscal Year 2024.
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