Broken Arrow City Council
Meeting of: 03-19-2024
Title:
title
Approval of and authorization to execute Budget Amendment Number 25 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 circumstances warrant the action.
Budget Amendment Number 25 recognizes and appropriates additional interest revenue earned and appropriates a portion of the unbudgeted fund balance of the CARES Act Fund to be budgeted for a transfer of funds to BAEDA.
Cost: $7,000,000.00
Funding Source: CARES Act Fund
Requested By: Cynthia Arnold, Finance Director
Approved By: City Manager’s Office
Attachments: Budget Amendment #25 for Fiscal Year 2024
Recommendation:
recommend
Approve and authorize execution of Budget Amendment Number 25 for Fiscal Year 2024.
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