Regular City Council Meeting


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  Item No. 16.       
Meeting Date: 03/12/2020  
COMMITTEE: Finance  
CONTACT: Monica Garcia CHAIR: Steve Henderson

ACTION REQUESTED:
Resolution 20-15 - Consider approval of Resolution 20-15 a resolution of the City of Roswell, New Mexico amending the budget for the fiscal year ending June 30, 2020, by increasing revenue and offsetting expenses in three funds.
BACKGROUND:
Initiated by:  Monica Garcia

This is a housekeeping item.  Due to DFA"s new reporting system (LGBMS), we are required to approve a budget amendment when increasing a revenue and offsetting expense line item.
FINANCIAL CONSIDERATION
Revenue (various funds) $42,390 and Expenses (various funds) $42,390.

Fund 1101 (General Fund): Revenues $4,994, Expenses $4,994.
Fund 2690 (Restricted Donations): Revenues $35,000, Expenses $35,000.
Fund 5300 (Water Funds): Revenues $2,396, Expenses $2,396.
LEGAL REVIEW:
This resolution has been reviewed by Legal.
BOARD AND COMMITTEE ACTION:
The Finance Committee recommended (4-0) approval of Resolution 20-15 at their meeting on March 5, 2020.
STAFF RECOMMENDATION:
 Consider approval of Resolution 20-15 a resolution of the City of Roswell, New Mexico amending the budget for the fiscal year ending June 30, 2020, by increasing revenue and offsetting expenses in three funds.
Attachments
ATT 1 Resolution 20-15 Budget Amendment


    

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