Title of Item:
MID-YEAR BUDGET ADJUSTMENT FOR FISCAL YEAR 2019 (RC):
RESOLUTION No. 42-2019; A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF STUART, FLORIDA AUTHORIZING BUDGET AMENDMENT NO. #7, A “MID-YEAR” ADJUSTMENT TO THE OPERATING BUDGET TO REFLECT VARIOUS UNANTICIPATED CHANGES IN REVENUES AND APPROPRIATIONS.
Summary Explanation/Background Information on Agenda Request:
The City adopts an annual budget, and though all efforts are made to include as many items and contingencies as possible, there are changes in costs, revenues, and unforeseen economic conditions. It is good practice for the City to visit the fiscal budget for periodic reviews. This mid-year budget review has resulted in the adjustments attached.
Funding Source:
Recommended Action:
Motion to adopt consent agenda, or motion to adopt Resolution 42-2019 | | |