Broken Arrow Municipal Authority
Meeting of: 09-19-2023
Title:
title
Approval of and authorization to execute Budget Amendment Number 9 for Fiscal Year 2024
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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 9 is to provide funding for Utilities Department projects that were expected to have been spent or encumbered in Fiscal Year 2023 but were not. Budget Amendment Number 9 increases fund balance from the unspent project funds then appropriates the addition to fund balance for those projects in Fiscal Year 2024.
Cost: $93,015.00
Funding Source: Fiscal Year 2023 unspent funds
Requested By: Cynthia Arnold, Finance Director
Approved By: City Manager’s Office
Attachments: Budget Amendment #9 for Fiscal Year 2024
Recommendation:
recommend
Approval of and authorization to execute Budget Amendment Number 9 for Fiscal Year 2024.
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