Impact
WARD / COUNCILMEMBER: City-wide
$ IMPACT: $246,450.00 use of fund balance
Title
Approval to amend the budget for items not included in the FY 2022 budget adoption for a total amount of $246,500.00.
Ward / City Wide
Body
ISSUE AND BACKGROUND:
During FY 2022 several expenditures have occurred that were not included in the adopted budget. Some of these items, merit raises and police raises, have been discussed with Council at previous meetings for approval; some have not. For financial reporting purposes, we need to amend the budget to cover these expenditures. We will be using a combination of excess revenues over budgeted amounts and General Fund reserves (fund balance) for this purpose.
RECOMMENDATION / REQUESTED ACTION: Approval to amend the budget for items not included in the FY 2022 budget adoption for a total amount of $246,500.00.