Broken Arrow City Council
Meeting of: 12-17-2024
Title:
title
Approval of and authorization to execute Budget Amendment Number 17 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 #17 appropriates a portion of fund balance of Fund 350 for the transfer of 50 percent of the additional one percent PSO Franchise Fee dedicated to Economic Development Infrastructure as directed in Ordinance number 3784 and then recognizes in Fund 351 the transfer in from Fund 350.
Cost: $708,731.00
Funding Source: Fund Balance of Fund 350
Requested By: Cynthia Arnold, Finance Director
Approved By: City Manager’s Office
Attachments: Budget Amendment #17 for Fiscal Year 2025: Funds 350 & 351
Recommendation:
recommend
Approval of and authorization to execute Budget Amendment Number 17 for Fiscal Year 2025.
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