ROSWELL NEW MEXICO
AGENDA ITEM ABSTRACT
AGENDA ITEM ABSTRACT
Item No. 28.
Regular City Council Meeting
- Meeting Date:
- 08/14/2025
COMMITTEE:
Finance
CONTACT:
Toni Gomez
CHAIR:
Robert B. Corn
ACTION REQUESTED:
Resolution 25-44: Approving a budget adjustment for the fiscal year ending June 30, 2026. (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, transfers, 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, transfers, and other departments.
FINANCIAL CONSIDERATION
- Various Funds: Revenues $30,236,689.86 and Expenses $39,957,967.67
LEGAL REVIEW:
No legal review is required at this time.
BOARD AND COMMITTEE ACTION:
Finance Committee recomended approval 5-0 at its meeting on August 7, 2025.
STAFF RECOMMENDATION:
Proceed as presented.