ROSWELL NEW MEXICO
AGENDA ITEM ABSTRACT
AGENDA ITEM ABSTRACT
Item No. 15.
Regular City Council Meeting
- Meeting Date:
- 05/08/2025
COMMITTEE:
Finance
CONTACT:
Toni Gomez
CHAIR:
Robert B. Corn
ACTION REQUESTED:
Resolution 25-22 - adoption of Resolution 25-22 approving budget adjustment for the fiscal year ending June 30, 2025. (Corn/Gomez) (pg. )
BACKGROUND:
Initiated by: Toni Gomez
The New Mexico Department of Finance Administration (DFA), requires approval of a budget adjustment when increasing revenue and/or expenses in the approved budget. The finance department is requesting a budget adjustment for line items in Exhibit “A”. These adjustments are for various grants, transfers, and other departments.
The New Mexico Department of Finance Administration (DFA), requires approval of a budget adjustment when increasing revenue and/or expenses in the approved budget. The finance department is requesting a budget adjustment for line items in Exhibit “A”. These adjustments are for various grants, transfers, and other departments.
FINANCIAL CONSIDERATION
- Various Funds: Revenues $8,183,515.61 and Expenses $1,030,029.87
LEGAL REVIEW:
No legal review is required at this time.
BOARD AND COMMITTEE ACTION:
The Finance Committee recommended approval (5-0) at its meeting on May 1, 2025.
STAFF RECOMMENDATION:
Proceed as presented.