Title
Adoption of the Tentative 2023-24 Reappropriated Funds Budget (Ordinance S-49710)
Description
An ordinance (Attachment A) adopting the tentative Reappropriation Budget for items of expenditure previously adopted as part of the 2022-23 Fiscal Year Operating and Capital Funds Budgets of the City of Phoenix but remaining as unexpended funds as of June 30, 2023.
Report
Summary
This adopts the Tentative 2023-24 Reappropriated Funds Budget Ordinance. Council approved contracts can span multiple fiscal years and budget appropriations expire on June 30 of each fiscal year. This ordinance re-establishes the spending authority for remaining payments to vendors on outstanding contract balances for goods and services to be received during Fiscal Year 2023-24.
This complies with requirements set forth in the City Charter and Code and State Statutes.
Department
Responsible Department
This item is submitted by City Manager Jeffrey Barton and the Budget and Research Department.