Title
Amend Ordinance S-52049 Adopting the 2025-26 Final Reappropriation Budget (Ordinance S-52968) - Citywide
Description
An ordinance (Attachment A) amending Ordinance S-52049 adopting the 2025-26 Final Reappropriation Budget to authorize reallocating appropriations among lawfully available appropriations to ensure the continued operation of the City of Phoenix in the payment of necessary expenses.
Report
Summary
This amendment to the 2025-26 Final Reappropriation Budget will allow the City to close out the current fiscal year's budgetary accounts and proceed with the annual independent audit per City Code Chapter 2, Section 2-16(A)(2). This is part of the standard end-of-year process required to close the books.
Requested changes to the 2025-26 Reappropriated Funds Budget allow for year-end timing differences and allow for updated contract payment schedules. The 2025-26 Reappropriated Funds Budget ordinance was required to rebudget funds that were contractually committed in the prior fiscal year (2024-25) but not yet fully expended in that fiscal year. Since budget appropriations expire on June 30 of each fiscal year, the 2025-26 Reappropriated Funds Budget ordinance reestablished the appropriations for payment of vendors as goods and services were received.
These requested reallocations do not represent an actual transfer of funds, but rather, only a transfer of spending authority per Arizona Revised Statute 42-17106(B). Also, these reallocations do not increase or decrease the total budget.
Department
Responsible Department
This item is submitted by City Manager Ed Zuercher, Deputy City Manager Amber Williamson and the Budget and Research Department.