DECEMBER 2015 BUDGET TRANSFER RECOMMENDATION: Approve the December 2015 budget transfer. PURPOSE: City staff will present the December 2015 budget transfer. Council approval of the budget transfer 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 & Research Manager)

Committee

City Council Regular Meeting

Introduced

January 5, 2016

On agenda

January 25, 2016

Passed

January 25, 2016