ROSWELL NEW MEXICO
COMMITTEE AGENDA ITEM ABSTRACT
COMMITTEE AGENDA ITEM ABSTRACT
Regular Items 12.
Finance Committee - NEW
- Meeting Date:
- 02/06/2025
COMMITTEE:
Finance
CONTACT:
Elizabeth Nulf
CHAIR:
Robert B. Corn
ACTION REQUESTED:
Consider recommending adoption of Resolution 25-XX approving budget adjustment for the fiscal year ending June 30, 2025.
BACKGROUND:
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 $4,230,469.89, Expenses $5,530,467.18
LEGAL REVIEW:
No legal review is required at this time.
BOARD AND COMMITTEE ACTION:
Consider recommending adoption of Resolution 25-XX approving budget adjustment for the fiscal year ending June 30, 2025.
STAFF RECOMMENDATION:
Consider recommending adoption of Resolution 25-XX approving budget adjustment for the fiscal year ending June 30, 2025.