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June 6, 2019 City Council Regular Meeting
Title
50. Motion to Approve 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 the necessary account to be established in order to begin work on the City Lot Relocation and prepare temporary contribution accounts for closure. 

This is the third capital budget amendment proposed during Fiscal Year 2019.

Recommendation

Approval

Contact
Melissa D. Carter, Chief Budget Officer
Financial Impact
N/A
Review Comments
Agenda Plus