Broken Arrow Economic Development Authority
Meeting of: 03-19-2024
Title:
title
Approval of and authorization to execute Budget Amendment Number 26 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 26 provides for the recognition of a transfer from the CARES Act Fund and appropriates the transfer for the purchase of land.
Cost: $7,000,000.00
Funding Source: Transfer from CARES Act Fund
Requested By: Cynthia Arnold, Finance Director
Approved By: City Manager’s Office
Attachments: Budget Amendment #26 for Fiscal Year 2024
Recommendation:
recommend
Approve and authorize execution of Budget Amendment Number 26 for Fiscal Year 2024.
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