ROSWELL NEW MEXICO
AGENDA ITEM ABSTRACT
AGENDA ITEM ABSTRACT
Item No. 5.
Regular City Council Meeting
- Meeting Date:
- 01/09/2025
COMMITTEE:
Finance
CONTACT:
Elizabeth Nulf
CHAIR:
Robert B. Corn
ACTION REQUESTED:
Resolution 25-02: adoption of Resolution 25-02 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 donations 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 donations and other departments.
FINANCIAL CONSIDERATION
- Various Funds: Revenues $518,100.93, Expenses $518,100.93
LEGAL REVIEW:
No legal review is required at this time.
BOARD AND COMMITTEE ACTION:
Finance Committee recommended approval 5-0 at their meeting on 1/2/25.
STAFF RECOMMENDATION:
Proceed as presented.