Agenda Item Name:
Title
Public Hearing - FY21 Mid-Year Budget Amendment
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Presenter:
Tommy Crosby, 337-6205
Description:
FY21 Mid-Year Budget Amendment
Recommended Action:
Recommended Action
Adopt the Resolutions and Approve the Fund-Function-Category Budget Amendment
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Prior Board Motions:
The Adopted Budget and Carry-forward budget amendment items are linked as related items.
Fiscal Consideration:
Fiscal Consideration
The Budget Amendment increases the Budget for All Funds by $30,787,857 to a new Total Budget of $634,574,486.
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Background:
The Office of Management and Budget completes a mid-year budget adjustment to recognize beginning fund balance that was originally estimated during the adopted budget process. It also appropriates some of these funds for projects, contracts and items that need to be rolled over from the prior fiscal year or were unanticipated during the budget process. The need for adjustments to appropriations can be found on the Explanation Spreadsheet. The Fund-Function-Category spreadsheet is at the Board level of approval.