Broken Arrow Municipal Authority
Meeting of: 12-5-2023
Title:
title
Approval of and authorization to execute Budget Amendment Number 17 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 changing circumstances warrant the action.
Budget Amendment Number 17 provides for the recognition of a loan from the Oklahoma Water Resources Board for the Utility projects approved by the Authority and to appropriate the loan proceeds for those projects. Funds will be received from the Oklahoma Water Resources Board on a reimbursement of expenses basis.
Cost: $19,605,621.56
Funding Source: Oklahoma Water Resources Board
Requested By: Cynthia Arnold, Finance Director
Approved By: City Manager’s Office
Attachments: Budget Amendment #17 for Fiscal Year 2024
Recommendation:
recommend
Approve and authorize execution of Budget Amendment Number 17 for Fiscal Year 2024.
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