Broken Arrow City Council
Meeting of: 01-17-17
To: Mayor and City Council
From: Finance Department
Title:
title
Approval of and authorization to execute Budget Amendment Number 2 for Fiscal Year 2016-2017
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 provide alternative funding for the Aspen Creek Relief Line and additional funding for the stormwater improvements related to the ICON apartments development on South Elm. Funds are available in the Excess Capacity Sewer Escrow and Stormwater Capital fund balances. Staff recommends that the Council approve Budget Amendment Number 2 and authorize its execution.
Cost: $0
Prepared By: Thomas L. Caldwell, Finance Director
Reviewed By: Legal Department
Assistant City Manager of Operations
Approved By: Michael L. Spurgeon, City Manager
Attachments: Budget Amendment Number 2
Recommendation:
Approve Budget Amendment Number 2 for Fiscal Year 2016-2017 and authorize its execution.
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