File #: 15-0339    Version: 1 Name:
Type: Ordinance Status: Passed
File created: 3/25/2015 In control: Board of Mayor & Aldermen
On agenda: 6/9/2015 Final action: 6/9/2015
Title: PUBLIC HEARING: Consideration of Ordinance 2015-15, An Ordinance To Amend The Fiscal Year 2014-2015 Budget; (05/14/15 Finance 3-0, 05/26/15 BOMA 1st Reading 7-0) SECOND AND FINAL READING.
Sponsors: Mike Lowe
Attachments: 1. 2015 4th Qtr Budget Amendment Memo, 2. 2015 4th Qtr Budget Amendment Ordinance, 3. 2015 4th Qtr Budget Amendment Ordinance - Revised 5.29.pdf, 4. 2015 4th Qtr Budget Amendment Memo - Revised 5.29.pdf, 5. 2015 4th Qtr Budget Amendment Update Memo
 
DATE:                  May 7, 2015
 
TO:            Board of Mayor and Aldermen
 
FROM:            Eric Stuckey, City Administrator
      
            
SUBJECT:            
title
PUBLIC HEARING: Consideration of Ordinance 2015-15, An Ordinance To Amend The Fiscal Year 2014-2015 Budget; (05/14/15 Finance 3-0, 05/26/15 BOMA 1st Reading 7-0) 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 the amendment of the Fiscal Year 2014-2015 Budget to account for activities or conditions arising since passage of the original budget.
Background
Rather than bring multiple budget amendments at numerous Board meetings, staff recommends that budget amendments be considered by the Budget & Finance Committee on a quarterly basis.  As with amendments in previous quarters, some of the entries reflect purchases approved by the Board or additional expense resulting from previously approved Board actions.  
Financial Impact  
There is no direct impact from these amendments, as expenditures are balanced against estimated revenues that are offsetting.
Recommendation
Staff recommends approval of the amendments as presented.