APPROVE THE OCTOBER 2016 BUDGET TRANSFERS RECOMMENDATION: Approve the October 2016 and FY16 Yearend budget transfers. PURPOSE: Council approval of the October 2016 and FY16 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

November 8, 2016

On agenda

November 21, 2016

Passed

November 21, 2016