Broken Arrow City Council
Meeting of: 02-19-2019
Title:
title
Approval of and authorization to execute Budget Amendment Number 4 for Fiscal Year 2019
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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 4 is to recognize the proceeds from the 2018C and 2018D General Obligation (GO) Bonds sale and appropriate those proceeds in the specified projects.
Cost: $12,632,000.00
Funding Source: 2018 GO Bond sale proceeds.
Requested By: Cynthia Arnold, Finance Director
Approved By: Michael L. Spurgeon, City Manager
Attachments: Budget Amendment #4 for Fiscal Year 2019
Recommendation:
recommend
Approval of and authorization to execute Budget Amendment Number 4 for Fiscal Year 2019.
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