ROSWELL NEW MEXICO
AGENDA ITEM ABSTRACT
AGENDA ITEM ABSTRACT
Item No. 12.
Regular City Council Meeting
- Meeting Date:
- 04/10/2025
COMMITTEE:
Finance
CONTACT:
Elizabeth Nulf
CHAIR:
Robert B. Corn
ACTION REQUESTED:
Resolution 25-20 - adoption of Resolution 25-20 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 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 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: Expenses $66,146.05
LEGAL REVIEW:
No legal review is required at this time.
BOARD AND COMMITTEE ACTION:
The Finance Committee recommended approval (4-0) at it meeting on April 3, 2025.
STAFF RECOMMENDATION:
Proceed as presented.