ROSWELL NEW MEXICO
AGENDA ITEM ABSTRACT
AGENDA ITEM ABSTRACT
Item No. 16.
Regular City Council Meeting
- Meeting Date:
- 02/13/2025
COMMITTEE:
Finance
CONTACT:
Elizabeth Nulf
CHAIR:
Robert B. Corn
ACTION REQUESTED:
Resolution 25-06 - adoption of Resolution 25-06 approving budget adjustment for the fiscal year ending June 30, 2025. (Corn/Gomez)
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:
Finance Committee recommended approval 5-0 at their meeting on 2/6/25.
STAFF RECOMMENDATION:
proceed as presented