SUBJECT:
Public Hearing - Presentation of Revised Budget for Fiscal Year 2019-2020
BACKGROUND/DISCUSSION:
Budget adjustments are made at fiscal year end to more closely reflect actual revenues and expenditures for the year. The budget must be amended in the same manner in which it was adopted. A public hearing is necessary and has been advertised.
FINANCIAL IMPACT:
Line items have been adjusted to reflect projected year end financial activity. The attached memo describes the adjustments in detail.
RECOMMENDATION:
N/A |