HomeMy WebLinkAbout~Master - amending Fiscal Year 2022/23 Budget to increase expenditures by $99,338,193 for carryover amounts from Fiscal Year 2021/22 RESOLUTION NO. 22-524
RESOLUTION AMENDING FISCAL YEAR 2022/23 BUDGET
TO INCREASE EXPENDITURES BY $99,338,193
FOR CARRYOVER AMOUNTS FROM FISCAL YEAR 2021/22
FOR THE CITY OF AMES,IOWA
WHEREAS, the Code of Iowa requires that city spending by program not exceed Council
approved budget amounts at any time during the fiscal year. To maintain this level of compliance,
the City's budget is typically amended three times during the fiscal year. The first amendment is
submitted in the fall for carryovers of uncompleted projects from the prior fiscal year. A second
amendment is approved with the new fiscal year budget in March, and a final amendment is
prepared in May; and,
WHEREAS, the fall amendment has been prepared for City Council approval. Each year
the City has capital projects and specific operating projects that either span fiscal years or are
delayed due to unforeseen circumstances, which total $99,338,193 in carryovers; and,
WHEREAS, all the projects and associated budgeted expenditures and funding sources
were approved by the City Council as part of the fiscal year 2021/22 budget, but were not
completed during the year. This amendment provides formal authority to carry forward the
appropriation for projects and other work that will not be spent until fiscal year 2022/23.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the amendment to the Fiscal Year 2022/23 Budget to increase expenditures by $99,338,193
for carryover amounts from Fiscal Year 2021/22is hereby approved.
ADOPTED THIS 27th day of September, 2022.
4 W- 4elz e 4��
Renee kall, City Clerk John A. Haila, Mayor
Introduced by: Betcher
Seconded by: Beatty-Hansen
Voting aye: Beatty-Hansen, Betcher, Corrieri, Gartin, Junck, Rollins
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 27th day of September, 2022.