ROSWELL NEW MEXICO
AGENDA ITEM ABSTRACT
AGENDA ITEM ABSTRACT
Item No. 27.
Regular City Council Meeting
- Meeting Date:
- 02/13/2025
COMMITTEE:
Finance
CONTACT:
Elizabeth Nulf
CHAIR:
Robert B. Corn
ACTION REQUESTED:
Resolution 25-08 - adoption of Resolution 25-08 Instructing General Fund Departments to maintain a 2% Savings. (Corn/Cavin)
BACKGROUND:
Initiated by: Councilor Corn and Councilor Cavin
The City of Roswell has suffered significant losses due to catastrophic flooding, and the City of Roswell, due to previously acquired debt is in a significantly cash poor position; so the City of Roswell, needs all available liquid funds to make essential repairs to destroyed municipal property caused by flooding. All departments utilizing monies from Fund 1101 shall maintain a 2% savings of their FY25 appropriations.
The City of Roswell has suffered significant losses due to catastrophic flooding, and the City of Roswell, due to previously acquired debt is in a significantly cash poor position; so the City of Roswell, needs all available liquid funds to make essential repairs to destroyed municipal property caused by flooding. All departments utilizing monies from Fund 1101 shall maintain a 2% savings of their FY25 appropriations.
FINANCIAL CONSIDERATION
- All departments utilizing monies from Fund 1101 shall maintain a 2% savings of their FY25 appropriations.
LEGAL REVIEW:
No Legal Review Required at this time.
BOARD AND COMMITTEE ACTION:
Finance Committee recommended approval 3-2 at their meeting on 2/6/25.
STAFF RECOMMENDATION:
Proceed as presented.