DATE: August 6, 2015
TO: Board of Mayor and Aldermen
FROM: Eric Stuckey, City Administrator
Michael Walters Young, Business Process Improvement Manager
SUBJECT:
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PUBLIC HEARING: Consideration of Ordinance 2015-41, an Ordinance to Amend Fiscal Year 2015-2016 Budget (08/13/15 Finance 4-0; 1ST Reading BOMA 08/25/15 8-0) SECOND AND FINAL READING
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Purpose
The purpose of this memo is to provide information to the Franklin Board of Mayor and Aldermen (BOMA) concerning Ordinance 2015-41, an ordinance to amend the Fiscal Year 2015-2016 budget.
Background
During the budget process, an extensive list of capital equipment items were presented to the Board of Mayor & Aldermen for consideration. It is inevitable that some of the proposed equipment requests change based on varying needs of the City departments.
This ordinance addresses changes to the Fire Department and Sanitation Department equipment requests. Normally, requests for such equipment would be folded into a quarterly budget amendment and presented to the Board in September/October time frame. However, in order to obtain the equipment, authority to purchase needs to be granted and the budget adjusted to accommodate those purchases.
Financial Impact
The financial impact is minimal and each fund can accommodate increases in overall expenditures for these purchases.
Recommendation
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Staff recommends approval of the budget amendment.