Broken Arrow City Council
Meeting of: 09-02-2025
Title:
title
Approval of and authorization to execute Budget Amendment Number 2 for Fiscal Year 2026
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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 2 appropriates grant funds received in Fiscal Year 2025 for the expenditures of the grant that occurred in FY 26. Since the funds were not expensed in FY 25, the revenue needs to be recognized in FY 26. At the end of FY 25 it went into fund balance, so this budget amendment is moving it from fund balance to the appropriate account.
Cost: $1,350
Funding Source: General Fund, Fund Balance
Requested By: Cynthia Arnold, Finance Director
Approved By: City Manager’s Office
Attachments: Budget Amendment #2 for Fiscal Year 2026
Recommendation:
recommend
Approval of and authorization to execute Budget Amendment Number 2 for Fiscal Year 2026.
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