COUNCIL COMMUNICATION
TO: Honorable Mayor and Council
FROM: Jill Olsen, Administrative Services Director
SUBJECT:Title
Adopt Resolution No. 24-3763 Amending Resolution No. 23-3687 Transferring Budget Appropriations from One General Fund, Department, or Division to Another for Fiscal Year 2023-24 (Jill Olsen)
Body
FUNDING SOURCE:
Various Departments
PURPOSE:
Adopt a resolution to transfer budget appropriations from one general fund, department, or division to another for Fiscal Year 2023-24.
BACKGROUND:
Since the adoption of the budget in June 2023, the following item has been identified and requires City Council approval of a budget amendment:
1. The PSPRS Local Board incurred additional legal expenses over the budgeted amount located in the City Clerks budget. Budget allocation was transferred from the City Attorney’s Outside Legal Services budget to the PSPRS Local Board budget ($10,000).
This transfer does not increase the overall budget, but transfer funds within the budget between funds, departments and/or divisions.
COMMUNITY IMPACT:
N/A
FISCAL IMPACT:
This budget amendment does not affect the overall budget; rather, it is a shift of budget appropriation from one fund/department/division to another. Council will be approving the adjustment of budgeted expenditure levels and operating transfers of the affected funds as allowed by Arizona Revised Statutes Section 42-17106.
ATTACHMENTS:
Resolution No. 24-3763
State Budget Schedules E and F - Amended - Expenditures by Fund/Department
SUGGESTED MOTION:Recommended action
I move to adopt Resolution No. 24-3763 approving the budget amendments listed on the amended Schedules E and F for Fiscal Year 2023-24.