Title
Third Budget Amendment to the FY 2022 General Government Financial and Operating Plan Budget (B)
Explanation
The General Government Financial and Operating Plan, which includes budgets for the General Fund, Special Revenue, Debt Service, Capital Projects, Proprietary, and Pension & OPEB Trust Funds for Fiscal Year 2022, was adopted by the Mayor and City Commission on September 23, 2021 via Resolution No. 210430. The First Budget Amendment was adopted by the Mayor and City Commission on October 21, 2021 via Resolution No. 210483, and the Second Budget Amendment was adopted on December 2, 2021 via Resolution No. 210565.
As the fiscal year progresses, certain routine and periodic budget adjustments and transfers of appropriated funds continue to be appropriate and necessary to ensure prudent financial management. Additionally, certain obligations, plans and projects extend between fiscal years and require an uninterrupted and sufficient source of appropriated funds to meet obligations and complete projects in progress.
This resolution seeks authorization to recognize revenue and appropriate funding as explained in the attached memorandum and as shown in Attachment “A”.
Strategic Connection: Goal 5 “Best in Class” Neighbor Services.
Fiscal Note
The recommended amendments are funded either by increases in revenue appropriations or offset by decreases in expenditures.
Recommendation
City Commission adopt the proposed resolution.