Broken Arrow Municipal Authority
Meeting of: 10-15-2024
Title:
title
Approval of and authorization to execute Budget Amendment Number 12 for Fiscal Year 2025
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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 #12 corrects the Fiscal Year 2025 original budget and reconciles the budgeted OWRB loan projects with the actual projects of the OWRB loan.
Cost: Net $60,000 reduction
Funding Source: OWRB Loan and BAMA Fund Balance
Requested By: Cynthia Arnold, Finance Director
Approved By: City Manager’s Office
Attachments: Budget Amendment #12 for Fiscal Year 2025
Recommendation:
recommend
Approval of and authorization to execute Budget Amendment Number 12 for Fiscal Year 2025.
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