ITEM TITLE:
#25-23 - Amending the 2025 City Budget by Transferring $75,000 from Budget Variance Reserve to Finance Department Professional Fees and Services
SUBMITTED BY: Jordan Nelson, Finance Director
FISCAL NOTES:
Expenditure Required: $75,000
Unencumbered Balance: $425,123
Funding Source: 350-0350-55000, Budget Variance Reserve
RECOMMENDATION:
Approve Resolution 25-23.
SUMMARY STATEMENT:
This resolution re-allocates the amount needed for the Grant Administration Assessment contract.
The full scope of the assessment was unknown at the adoption of the 2025 City Budget as the timing of proposals received and formulation of department budgets did not align. This figure reflects a precise amount for the scope of work.