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File #: 2022-263    Version: 1 Name:
Type: Budget Item Status: Agenda Ready
File created: 5/5/2022 In control: City Council
On agenda: 5/16/2022 Final action: 5/16/2022
Title: Approval of an amendment to the adopted FY 2022 budget for the project length budget for the approved 2022 SPLOST projects and related accounts. Ward / Citywide
Attachments: 1. Issue Sheet 2022-263 SPLOST 2022 project length budgets.pdf, 2. SPLOST 2022 Life budget approval 05162022.pdf

Impact

WARD / COUNCILMEMBER:  Ward / Citywide

 

$ IMPACT: 

 

Title

Approval of an amendment to the adopted FY 2022 budget for the project length budget for the approved 2022 SPLOST projects and related accounts.

Ward / Citywide

Body

ISSUE AND BACKGROUND: 

The City needs to amend the project length budgets for SPLOST 2022.  In past SPLOSTs, the City has annually adopted budgets related to the SPLOST projects.  Best practice is to adopt the full amount of the voter approved projects.  Adoption of the project length budgets makes the financial administration more efficient for both Finance and the other City departments. The amendment proposed will set the expenditure budgets at the amounts approved on the referendum and also budget for other accounts related to the administration of the SPLOST

 

RECOMMENDATION / REQUESTED ACTION:  Approval of an amendment to the adopted FY 2022 budget for the project length budget for the approved 2022 SPLOST projects and related accounts.