AGENDA CAPTION:
Title
Consider approval of Ordinance 2024-59, on the first of two readings, amending the City's 2024-2025 Fiscal Year budget to carry forward funds from the 2023-2024 Fiscal Year; to adjust revenue and expenditure accounts in multiple operating, special revenue, and internal service funds; including procedural provisions; and declaring an effective date.
Body
Meeting date: December 3, 2024
Department: Finance Department
Amount & Source of Funding
Funds Required: N/A
Account Number: N/A
Funds Available: N/A
Account Name: N/A
Fiscal Note:
Prior Council Action: N/A
City Council Strategic Initiative: [Please select from the dropdown menu below]
Public Safety, Core Services & Fiscal Excellence
Choose an item.
Choose an item.
Comprehensive Plan Element (s): [Please select the Plan element(s) and Goal # from dropdown menu below]
? Economic Development - Choose an item.
? Environment & Resource Protection - Choose an item.
? Land Use - Choose an item.
? Neighborhoods & Housing - Choose an item.
? Parks, Public Spaces & Facilities - Choose an item.
? Transportation - Choose an item.
? Core Services
? Not Applicable
Master Plan: [Please select the corresponding Master Plan from the dropdown menu below (if applicable)]
Choose an item.
Background Information:
This is the first budget amendment for Fiscal Year 2024-2025. During the fiscal year, the purchasing process will begin for certain projects, services, or operational supplies and will not be completed until the following fiscal year. The purpose of this budget amendment is to carry forward purchase orders and contracts for goods and services that began in Fiscal Year 2023-2024 and were not received or completed by the end of the fiscal year. It also includes items to adjust revenue and expenditure accounts in multiple operating, special revenue, and internal service funds.
Carry forward amounts tied to purchases from Fiscal Year 2024 and other needed amendments by fund are as foll...
Click here for full text