File #: 23-2872    Version: 1 Name:
Type: Agenda Item Status: Regular Hearing
File created: 5/2/2023 In control: City Council
On agenda: 5/15/2023 Final action:
Title: Approval of the Mid-Year Report and Approval of the Supplemental Appropriations to the following funds: Debt Service Fund in the Amount of $2,225,000, Utility Fund in the Amount of $118,534, TIRZ #1 Fund in the Amount of $165,000, TIRZ #3 Fund in the Amount of $464,064, and the Other Post-Employment Benefits Liability Fund in the Amount of $31,452.
Attachments: 1. 05152023 - Mid-Year Memo - Supplemental Appropriations, 2. Mid-Year Fund Summaries
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Approval of the Mid-Year Report and Approval of the Supplemental Appropriations to the following funds:  Debt Service Fund in the Amount of $2,225,000, Utility Fund in the Amount of $118,534, TIRZ #1 Fund in the Amount of $165,000, TIRZ #3 Fund in the Amount of $464,064, and the Other Post-Employment Benefits Liability Fund in the Amount of $31,452.

 

request

ADMINISTRATIVE COMMENTS:

 

As part of the mid-year budget process, both revenue and expense accounts are reviewed for all operating funds. A presentation is provided that outlines the financial experience the City has seen through May of this fiscal year. The analysis also provides a determination of any adjustments that may be needed for FY 2023.

 

RECOMMENDATION:

 

That the City Council approve the Mid-Year Report and supplemental appropriations as set forth in the caption above.