ROSWELL NEW MEXICO
AGENDA ITEM ABSTRACT
AGENDA ITEM ABSTRACT
Item No. 16.
Regular City Council Meeting
- Meeting Date:
- 11/14/2024
COMMITTEE:
Finance
CONTACT:
Elizabeth Prichard
CHAIR:
Robert B. Corn
ACTION REQUESTED:
Resolution 24-52- adoption of Resolution 24-52 approving budget adjustment for the fiscal year ending June 30, 2025. (Corn/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:
Finance Committee recommended approval (4-0) at their meeting on 11/7/24.
STAFF RECOMMENDATION:
Procced as presented.