Broken Arrow City Council
Meeting of: 10-15-2024
Title:
title
Approval of and authorization to execute Budget Amendment Number 11 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 #11 re-appropriates capital outlay to operating transfers out to Fund 330 (STCI) for the purchase of the land beneath the grain elevator. The funds for the original budgeted capital outlay were from interest earned by the ARPA Fund which are not considered program income or subject to program restrictions.
Cost: $210,000.00
Funding Source: ARPA Fund interest earned
Requested By: Cynthia Arnold, Finance Director
Approved By: City Manager’s Office
Attachments: Budget Amendment #11 for Fiscal Year 2025
Recommendation:
recommend
Approval of and authorization to execute Budget Amendment Number 11 for Fiscal Year 2025.
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