HomeMy WebLinkAbout~Master - Amending FY 2023/24 Budget to Increase Expenditures by $113,200,264 RESOLUTION NO. 23-526
RESOLUTION AMENDING FY 2023/24 BUDGET TO INCREASE EXPENDITURES
BY $113,200,264 FOR CARRYOVER AMOUNTS FROM FISCAL YEAR 2022/23
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; and,
WHEREAS, the first amendment includes capital projects and specific operating projects
that either span fiscal years or are delayed due to unforeseen circumstances. Also included in the
amendment are other modifications to the budget that were unexpected when the original budget
was adopted on April 25, 2023; and,
WHEREAS, all the projects and associated budgeted expenditures and funding sources for
carryovers were approved by City Council as part of the fiscal year 2022/23 budget, but were not
completed during the year. This amendment provides formal City Council authority to carry
forward the appropriation for projects and other work that is expected to be spent in fiscal year
2023/24.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the amendment to the Fiscal Year 2023/24 budget to increase expenditures by $113,200,264
for carryover amounts from Fiscal Year 2022/23 and other significant changes to the fiscal year
2023/24 budget is hereby approved.
ADOPTED THIS 26th day of September, 2023.
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Renee hall, City Clerk John A. Haila, Mayor
Introduced by: Betcher
Seconded by: Rollins
Voting aye: Beatty-Hansen, Betcher, Corrieri, Gartin, Junck, Rollins
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 26th day of September, 2023.