SUBJECT/RECOMMENDATION:
Title
Amend the City’s fiscal year 2022/23 operating and capital improvement budgets at third quarter and pass Ordinances 9716-23 and 9717-23 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.