| ITEM #: 8. DATE: 10/07/2024 AI #:2265 |
![]() |
CITY COUNCIL ACTION REPORT
| SUBJECT: | APPROVE BUDGET AMENDMENT OF CITY MANAGER'S CONTINGENCY |
| STAFF PRESENTER(S): | Jared Askelson, Finance Director |
SUMMARY
Approve Budget Amendments
STRATEGIC PLAN ALIGNMENT
![]() |
RECOMMENDATION
Approve the budget amendment of the City Manager's Contingency Fund. (Jared Askelson, Finance Director)
FISCAL IMPACT
This action will amend the budget to increase the City Manager's Office budget by $65,000 for the purpose of conducting a payroll assessment. The amendment will reduce the available one-time City Manager's Contingency from $350,000 to $285,000. The citywide budget total remains unchanged within the Adopted State Expenditure Limitation.
BACKGROUND AND PREVIOUS ACTIONS
Budget amendments requiring City Council approval are presented as necessary throughout the year. The FY2025 expenditure limitation budget was adopted on June 12, 2024.
STAFF ANALYSIS
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 2022-2256. Review of budget transfers keeps the Council and public informed about the city's current fiscal year revenues and expenditures.

.png)