Legislation Details

File #: 16-5771    Version: 1 Name:
Type: Resolution Status: Passed
File created: 4/4/2016 In control: City Council Regular Meeting
On agenda: 4/25/2016 Final action:
Title: MARCH 2016 BUDGET TRANSFERS
Attachments: 1. Staff Report, 2. Budget Transfers Report

Title

MARCH 2016 BUDGET TRANSFERS

body

RECOMMENDATION:

Approve the March 2016 budget transfers.

 

PURPOSE:

Council approval of the March 2016 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 and Research Manager)