Broken Arrow City Council
Meeting of: 01-19-2016
To: Mayor and City Council
From: Finance Department
Title:
title
Approval of and authorization to execute Budget Amendment Number 3 for Fiscal Year 2015-2016
End
Background:
The Municipal Budget Act adopted by the City Council allows the City to amend the budget at any time during the year for necessary expenditures incurred that exceed the original budget. This amendment is to recognize funding from and provide funding for projects related to the Series 2016A and Series 2016B General Obligation bonds that were sold in December 2015 with the funds becoming available January 15, 2016.
Cost: $0
Prepared By: Thomas L. Caldwell, Finance Director
Reviewed By: Legal Department
Acting Assistant City Manager
Approved By: Michael L. Spurgeon, City Manager
Attachments: Budget Amendment #3
Recommendation:
Approve Budget Amendment Number 3 for Fiscal Year 2015-2016 and authorize its execution.