Broken Arrow Municipal Authority
Meeting of: 03-05-2024
Title:
title
Approval of and authorization to execute Budget Amendment Number 21 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 21 provides additional funding for Project WL22030, Old Town Waterline Replacement, by appropriating a portion of Fund Balance made available by the recognition of funds that were anticipated to be spent in Fiscal Year 2023 but were not spent.
Cost: $220,000.00
Funding Source: Fiscal Year 2023 unspent funds
Requested By: Cynthia Arnold, Finance Director
Approved By: City Manager’s Office
Attachments: Budget Amendment #21 for Fiscal Year 2024
Recommendation:
recommend
Approval of and authorization to execute Budget Amendment Number 21 for Fiscal Year 2024.
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