ROSWELL NEW MEXICO
COMMITTEE AGENDA ITEM ABSTRACT
COMMITTEE AGENDA ITEM ABSTRACT
Regular Items 16.
Finance Committee November 7, 2024
- Meeting Date:
- 11/07/2024
COMMITTEE:
Finance
CONTACT:
Elizabeth Prichard
CHAIR:
Robert B. Corn
ACTION REQUESTED:
Consider recommending adoption of Resolution 24-XX approving budget adjustment for the fiscal year ending June 30, 2025. (Gomez)
BACKGROUND:
Initiated by: Toni Gomez
The New Mexico Department of Finance Administration (DFA), requires approval of a budget adjustment when increasing a revenue and/or expense in the approved budget. The finance department is requesting a budget adjustment for line items in Exhibit "A". These adjustments are for various grants and other departments.
The New Mexico Department of Finance Administration (DFA), requires approval of a budget adjustment when increasing a revenue and/or expense in the approved budget. The finance department is requesting a budget adjustment for line items in Exhibit "A". These adjustments are for various grants and other departments.
FINANCIAL CONSIDERATION:
• Various Funds: Revenues $349,044.44, Expenses $802,544.44
LEGAL REVIEW:
No legal review is required at this time.
BOARD AND COMMITTEE ACTION:
Consider approval of Resolution 24-XX approving budget adjustment for fiscal year ending June 30, 2025.
STAFF RECOMMENDATION:
Consider approval of Resolution 24-XX approving budget adjustment for the fiscal year ending June 30, 2025.