File #: 9394-20 & 9395-20    Version: 1 Name: Approve the mid year FY20 budget amendments and pass ordinance 9394-20 and 9395-20
Type: Ordinance Status: Passed
File created: 6/2/2020 In control: Office of Management & Budget
On agenda: 6/18/2020 Final action: 6/18/2020
Title: Amend the City's fiscal year 2019/20 operating and capital improvement budgets at mid year and pass Ordinances 9394-20 and 9395-20 on first reading.
Attachments: 1. FY20MidYearReport, 2. Ordinance_9394-20, 3. Ordinance_9395-20

SUBJECT/RECOMMENDATION:

Title

Amend the City’s fiscal year 2019/20 operating and capital improvement budgets at mid year and pass Ordinances 9394-20 and 9395-20 on first reading.

 

Body

SUMMARY: 

The fiscal year 2019/20 operating and capital improvement budgets were adopted in September 2019 by ordinances 9323-19 and 9324-19.  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.