TITLE
FY12-13 THIRD QUARTER BUDGET TRANSFERS
RECOMMENDATION:
Approve Fiscal Year 2012-13 Third Quarter budget transfers.
PURPOSE:
Budget transfers are required according to Arizona State Statute and budget law and are necessary for continuance of City operations. An Arizona city or town may not revise its adopted budget to increase total expenditures, but it is permitted to revise budgeted expenditures at the department level by transferring monies between budget items, if certain conditions are met. (Terri Canada, Budget and Research Manager)