COUNCIL AGENDA ITEM
SUBJECT:
title
Resolution No. 2020-R-14; Mid-Year Amended Budget for Fiscal Year 2019-2020.
body
DEPARTMENT:
Finance
SUMMARY:
The City Manager and staff performed an extensive mid-year review of the revenue and expenditure figures for each fund to compare the current amounts with the amount budgeted in addition to a review of department operating needs; and the City Council of the City of Edgewater amends the Fiscal Year 2019-2020 budget by revising the budget in total pursuant to itemizations contained in Exhibit “A” of the resolution.
BUDGETED ITEM: ☒ Yes ☐ No ☐ Not Applicable
BUDGET AMENDMENT REQUIRED: ☒ Yes ☐ No ☐ Not Applicable
RECOMMENDED ACTION:
Motion to approve Resolution No. 2020-R-14 herein referred to as the Mid-Year Amended Budget for Fiscal Year 2019 - 2020 and authorization to procure all items detailed in the mid-year budget that are $50,000 or less in accordance with the Purchasing Policy.