|November 5, 2018, City Council Regular Meeting|
44. Motion to Approve Supplemental Budget Adjustments to the Capital Improvement Fund
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 eighth capital budget amendment proposed during FY18.
Melissa Carter, Office of Budget Management
CIP Amendment 8 - Nov 5.pdf