CITY COUNCIL AGENDA ITEM
Memo Date: November 15, 2024
Agenda Date: November 25, 2024
Prepared By: Zoie Badalov, Senior Budget Analyst
Through: Rebecca Bowman, MBA, CGFO, CGFM/Finance Director
Requested Action:
title
Approve a Resolution Amending the Fiscal Year 2024 Adopted Budget, BAF#24-130-T1,T2,IFT,and A to “Shore Up” departmental accounts with negative balances or project budgets, through the use of various budgeted lines or fund balance.End
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BACKGROUND:
Throughout the year, unplanned and unbudgeted expenses may occur. The attached budget amendment and transfer BAF#24-130-T1,T2,IFT,and A, is required, to account for the unbudgeted expenses through the use of funds within the various departments by way of budget transfers or the use of fund balance or revenue, by way of budget amendments.
City staff requests these final FY24 year-end budget amendments and transfers to be approved by Cocoa City Council.
STRATEGIC PLAN CONNECTION:
To provide financial transparency with budgeting and the procurement processes
BUDGETARY IMPACT:
2024 budget transfers and amendments BAF#24-130-T1,T2,IFT, and A.
Attached are detailed spreadsheets with descriptions
PREVIOUS ACTION:
RECOMMENDED MOTION:
Recommendation
Approve a Resolution Amending the Fiscal Year 2024 Adopted Budget, BAF#24-130-T1,T2, IFT, and A to “Shore Up” departmental accounts with negative balances or project budgets, through the use of various budgeted lines or fund balance.End