Broken Arrow City Council
Meeting of: 12-05-2023
Title:
title
Approval of and authorization to execute Budget Amendment Number 15 for Fiscal Year 2024
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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 or when changing circumstances warrant the action.
Budget Amendment Number 15 is to recognize the proceeds from the 2023 General Obligation (GO) Bond sale that were not included in the Fiscal Year 2024 (FY24) Original Budget and appropriate those proceeds for the specified projects the City Council approved.
Cost: $35,000,000.00
Funding Source: 2018 General Obligation Bond sale proceeds
Requested By: Cynthia Arnold, Finance Director
Approved By: City Manager’s Office
Attachments: Budget Amendment #15 for Fiscal Year 2024
Recommendation:
recommend
Approve and authorize execution of Budget Amendment Number 15 for Fiscal Year 2024.
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