Vote — approved

Thomas Galvin	yes
Kate Brophy McGee	yes
Mark Stewart	yes
Debbie Lesko	yes
Steve Gallardo	yes

Ayes: Thomas Galvin, Kate Brophy McGee, Mark Stewart, Debbie Lesko, Steve Gallardo

Item Text

33. EXPENDITURE AUTHORITY FOR INTEREST REVENUES Pursuant to A.R.S. 42-17106(B), authorize the following appropriation adjustment to the FY 2025 budget: 1. Increase the expenditure authority for the Non Departmental (D470) Coronavirus Fiscal Recovery Fund (296) Non-Recurring (NRNP) budget in the amount of $908,580. The budget adjustment will add expenditure authority for ARPA interest revenue to fund Maricopa County priorities. Interest revenues are not local revenues for the purpose of the constitutional expenditure limitation, and therefore, expenditure of the funds is not prohibited by the budget law. This budget adjustment does not alter the budget constraining the expenditure of local revenues duly adopted by the Board pursuant to A.R.S. §42-17105. (C-18-25-063-X-00)