Approve budget amendments & related expenditure authority.

Approve budget amendments & related expenditure authority. (Ryan Bittle, Finance Manager)

Fiscal impacts are outlined in the attached report. The citywide budget total remains unchanged within the Adopted State Expenditure Limitation. Budget.Expenditure authorization as required by Resolution 08-1255 for items over $500,000 is related to both the FY2023 and FY2024 budget as this item will have portions carry forward into the new fiscal year which begins on July 1, 2023.

Budget amendments requiring City Council approval are presented, as necessary throughout the year. The FY2023 expenditure limitation budget was adopted on June 06, 2022.

Budget transfers are permitted by Arizona Revised Statute 42-17106(B), which provides authorization for cities and towns to exceed expenditures in a budget item after final adoption of a city/town budget by transferring appropriations between budget items. All budget transfers are completed within city policy established by Resolution 2020-2039. Review of budget transfers keeps the Council and general public informed about the city's current fiscal year revenues and expenditures.