Legislation Details

File #: 16-5777    Version: 1 Name:
Type: Miscellaneous File Status: Passed
File created: 11/8/2016 In control: City Council Regular Meeting
On agenda: 11/21/2016 Final action: 11/21/2016
Title: APPROVE THE OCTOBER 2016 BUDGET TRANSFERS RECOMMENDATION: Approve the October 2016 and FY16 Year-end budget transfers.
Attachments: 1. Staff Report, 2. October 2016 and FY16 Budget Transfer Summary Report, 3. CIP Carryovers Budget Transfer Report

Title

APPROVE THE OCTOBER 2016 BUDGET TRANSFERS

RECOMMENDATION:

Approve the October 2016 and FY16 Year-end budget transfers.

Body

PURPOSE:

Council approval of the October 2016 and FY16 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)