Ord 13-52
Ord 13-52
CITY COMMISSION REGULAR MTG
- Meeting Date:
- 11/15/2017
- Title:
- Amend the fiscal year 2017/2018 budget to close 2016/2017 fiscal year purchase orders.
- Submitted For:
- Laura Boyd
- Submitted By:
- Laura Boyd, Finance
- Department:
- Finance
Information
ACTION REQUEST (Brief Summary)
Consider approval of a request to amend the fiscal year 2017-2018 budget to close 2016-2017 fiscal year purchase orders.
BACKGROUND
Purchase orders that are outstanding at the end of the fiscal year are to be canceled and rolled into the current fiscal year 2017-2018. Since encumbrances impact budgets, the current fiscal year’s budget must be increased to reflect outstanding encumbrances from the 2016-2017 fiscal year.