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File #: 9687-23 9688-23    Version: 1 Name: Approve fiscal year 2023 mid-year review and pass ordinances 9687-23 and 9688-23.
Type: Ordinance Status: Passed
File created: 5/24/2023 In control: Office of Management & Budget
On agenda: 6/15/2023 Final action: 6/15/2023
Title: Amend the City's fiscal year 2022/23 operating and capital improvement budgets at mid-year and pass Ordinances 9687-23 and 9688-23 on first reading.
Attachments: 1. FY22-23_MidYearAmendmentsREVISED, 2. 9687-23_OperatingOrdinanceREVISED, 3. 9688-23_CapitalOrdinance

SUBJECT/RECOMMENDATION:

Title

Amend the City’s fiscal year 2022/23 operating and capital improvement budgets at mid-year and pass Ordinances 9687-23 and 9688-23 on first reading.

Body

SUMMARY: 

The fiscal year 2022/23 operating and capital improvement budgets were adopted in October 2022 by ordinances 9615-22 and 9616-22.  Section 2.521 of the City’s Code of Ordinances requires the City Manager to prepare a quarterly report detailing income, expenditure estimates, collections, the explanation of significant variances, as well as the financial status of all capital improvement projects.