FY12-13 SECOND QUARTER BUDGET TRANSFERS. RECOMMENDATION: Approve fiscal year (FY) 2012-13 second quarter budget transfers. PURPOSE: Budget transfers are required according to Arizona State Statute and budget law and are necessary for continuance of City operations. An Arizona city or town may not revise its adopted budget to increase total expenditures, but it is permitted to revise budgeted expenditures at the department level by transferring monies between budget items, if certain conditions are met. (Terri Canada, Budget & Research Manager)

Committee

City Council Regular Meeting

Introduced

January 14, 2013

On agenda

February 11, 2013

Passed

February 11, 2013