RECEIVE THE FY14 4TH QUARTER FINANCIAL REPORT AND APPROVE 4TH QUARTER BUDGET TRANSFERS RECOMMENDATION: Receive Fiscal Year 2013-14 (FY14) 4th Quarter Financial Report and approve FY14 4th quarter budget transfers. PURPOSE: City staff will review the 4th Quarter Financial Report for FY14 and budget transfers. Council approval of the 4th quarter budget transfers will be requested. Budget transfers are required to comply with 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 the budget as necessary by transferring appropriation authority between budget items, if certain conditions are met. (Lauri Wingenroth, Budget and Research Manager)

Committee

City Council Regular Meeting

Introduced

October 8, 2014

On agenda

October 27, 2014