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June 11, 2020 City Council Meeting
Title
31. Approval of Supplemental Budget Adjustments to the Capital Improvement Fund
Strategic Priority
Good Government
Description

During the fiscal year, supplemental budget transfers and adjustments are necessary to maintain the adopted legal level of control set forth in the Capital Improvement Fund. These supplemental appropriations may modify expenditures and revenues that are necessary to account for varying costs realized through work completed toward the City's Capital Improvement Program, thus aligning capital investments with strategic initiatives and Council priorities for continuing and ready-to-go Capital Improvement Projects.

Approval of these supplemental transfers will allow for necessary accounts to be established in order to begin work and prepare completed projects for closure.

This is the second capital budget amendment proposed during Fiscal Year 2020.

 

Recommendation

Approval

Contact
Melissa Carter, Senior Director of the Office of Management & Budget
Financial Impact
N/A
Review Comments
Attachments
Exhibit 1: Budget Adjustments - CIP Funds.pdf
Agenda Plus