Title
An ordinance amending the budget for Fiscal Year 2023-24.
Body
The Fiscal Year (FY) 2023-24 Annual Operating and Capital Budget was adopted by the City Council on August 21, 2023, for the financial plan of operations beginning October 1, 2023, to September 30, 2024. Because changes in revenue estimates and expenditures often occur throughout the year, amending the adopted budget to account for significant changes in revenues and expenditures is a common best practice in local government finance. The adjustments and highlights to the original budget are incorporated in the FY 2023-24 amended budget document that is attached to the proposed ordinance.
Recommended/Desired Action
Staff recommends approval of the ordinance.
Attachment(s)
Amended Budget Document Memo (Will be provided in Friday’s Packet)
Ordinance (Attachment will be provided in Friday’s Packet)
Drafter
Geneva Mendez
Head of Department
Cindy L. Smith