Broken Arrow City Council
Meeting of: 12-17-2024
Title:
title
Approval of and authorization to execute Budget Amendment Number 18 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 Number 18 recognizes and appropriates interest revenue earned by the ARPA Fund to be budgeted for a transfer of funds to STCI to assist with the funding of the Gateway Entry Signs project. Interest earned by the ARPA Fund from the United States Treasury’s State and Local Fiscal Recovery Funds are not considered program income or subject to program restrictions.
Cost: $166,586.00
Funding Source: Fund 348 Interest
Requested By: Cynthia Arnold, Finance Director
Approved By: City Manager’s Office
Attachments: Budget Amendment #18 for Fiscal Year 2025
Recommendation:
recommend
Approval of and authorization to execute Budget Amendment Number 18 for Fiscal Year 2025.
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