Legislation Details

File #: 16-5766    Version: 1 Name:
Type: Miscellaneous File Status: Passed
File created: 2/9/2016 In control: City Council Regular Meeting
On agenda: 2/22/2016 Final action:
Title: JANUARY 2016 BUDGET TRANSFERS
Attachments: 1. Staff Report, 2. Budget Transfer Summary

Title

JANUARY 2016 BUDGET TRANSFERS

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RECOMMENDATION:

Approve the January 2016 budget transfer(s).

 

PURPOSE:

Council approval of the January 2016 budget transfer(s) 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)