City of Goodyear - File #: 15-5679

• File #: 15-5679
• Version: 3
• Type: Miscellaneous File
• Status: Agenda Ready
• File created: 10/15/2015
• In control: City Council Regular Meeting
• On agenda: 10/26/2015
• Title: FY15 4TH QUARTER FINANCIAL REPORT AND BUDGET TRANSFERS AND FY16 1ST QUARTER BUDGET TRANSFERS

Date	Ver.	Action By	Action	Result
10/26/2015	3	City Council Regular Meeting	APPROVED	Pass
10/26/2015	3	City Council Regular Meeting	APPROVED	Pass

Title

FY15 4TH QUARTER FINANCIAL REPORT AND BUDGET TRANSFERS AND FY16 1ST QUARTER BUDGET TRANSFERS

body

RECOMMENDATION:

1.                     Receive the Fiscal Year 2014-15 (FY15) 4^th Quarter Financial Report and approve FY15 4^th quarter budget transfers.

2.                     Receive and approve the Fiscal Year 2015-16 (FY16) 1^st quarter budget transfers.

PURPOSE:

City staff will review the FY15 4^th Quarter Financial Report, 4^th quarter budget transfers and FY16 1^st Quarter budget transfers. Council approval of the budget transfers will be requested. Budget transfers are required to comply with 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 the budget as necessary by transferring appropriation authority between budget items, if certain conditions are met. (Lauri Wingenroth, Budget & Research Manager)