Regular City Council Meeting

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Item No. 17.

Meeting Date:	08/12/2021
COMMITTEE:	Finance
CONTACT:	Juan Fuentes	CHAIR:	Jason Perry

ACTION REQUESTED:

Resolution 21-54 - Consider approval of Resolution 21-54 to amend fiscal year ending June 30, 2022 approved budget. (Perry/Davies)

BACKGROUND:

Initiated by: Janie Davies

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 (American Rescue Fund) $5,875,750
Expenses (American Rescue Fund) $5,875,750.

Fund 2600 (American Rescue Fund): Revenues $5,875,750, Expenses $5,875,750

LEGAL REVIEW:

Sent for review.

Resolutions must be adopted by a majority vote of the entire City Council.

BOARD AND COMMITTEE ACTION:

The Finance Committee recommended (3-0) approval at their meeting on August 5, 2021.

STAFF RECOMMENDATION:

Consider approval of Resolution 21-54 to amend fiscal year ending June 30, 2022 approved budget.

Attachments
ATT 1 - Resolution 21-54 Fiscal Year Ending June 30, 2022 Approved Budget