Ord 09-25
Ord 09-25
CITY COMMISSION AGENDA 2
- Meeting Date:
- 05/20/2009
- Title:
- Amend the fiscal year 2008/2009 budget to close 2007/2008 fiscal year purchase orders.
- Submitted For:
- Cheryl Hunter
- Submitted By:
- Cheryl Hunter, Finance
- Department:
- Finance
ACTION REQUEST (Brief Summary)
Consider approval of a request to amend the fiscal year 2008/2009 budget to close 2007/2008 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 new fiscal year (2008/2009). Since encumbrances impact budgets, the current fiscal year’s budget must be increased to reflect outstanding encumbrances from the 2007/2008 fiscal year.
ANALYSIS
Please see attachment which reflects the budget amendment amount for each fund.