Title
ORDINANCE NO. 26O-08-129: AN ORDINANCE APPROVING AN INTERDEPARTMENTAL BUDGET ADJUSTMENT IN THE AMOUNT OF $2,316,877 AND A CAPITAL ADJUSTMENT IN THE AMOUNT OF $1,456,386 AND A SUPPLEMENT APPROPRIATION IN THE AMOUNT OF $30,000 FOR FISCAL YEAR 2026. REFLECTING APPROPRIATE ADJUSTMENTS TO VARIOUS REVENUE AND EXPENDITURE ACCOUNTS; PROVIDING VARIOUS BUDGET CODE NUMBERS; PROVIDING FOR AN EFFECTIVE DATE (REQUESTED BY CITY MANAGER, KENNIE HOBBS, JR.).
Body
Staff is requesting a Budget Adjustment in the amount of $3,803,263 to the Fiscal Year 2026 budget to transfer funds among various budgeted line items, a copy of which is attached hereto.
Request Action:
Approve the Ordinance
Need Summary Explanation/ Background:
The interdepartmental Budget Adjustment in the amount of $2,861,139 to the Fiscal Year 2026 budget to transfer funds among various budgeted line items, a copy of which is attached hereto and incorporated by reference, is hereby approved.
The Capital Budget Adjustment in the amount of to the Fiscal year 2026 budget to transfer funds among various budgeted line items, a copy of which is attached hereto and incorporated by reference, is hereby approved.
The supplemental Appropriation of additional Revenue and Expenditure in the total amount of $30,000 to the Fiscal Year 2026 budget to transfer funds incorporated by reference is hereby approved.
Cost Summary/ Fiscal Impact:
The total capital budget adjustment is $3,803,263
Attachments:
1. Budget Adjustment
2. Ordinance
Budget Code Number(s): _various________________________________
Procurement Information: [check all that apply]
[ ] RFP/Bid [ ] Emergency Purchase [ ] SBE
[ ] Proposal/Quote [ ] State Grant Funds [ ] Local Preference
[ ] Piggyback Contract [ ] Federal Grant Funds
[ ] Sole Source [ ] Matching Required