Vote: adopted

Item Text

45. APPROPRIATION ADJUSTMENT FOR GRANT FUND CARRY OVER Pursuant to A.R.S. §42-17106(B), approve an appropriation adjustment increasing the FY 2008-09 Parks and Recreation Department (300) Parks & Recreation Grant Fund (230) Non recurring (0001) revenues and expenditures in the amount of $103,049. Grant 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. The adopted FY 2008-09 Budget included FY 2007-08 carryovers that were less than the actual amounts carried over. This Budget Adjustment will provide the necessary increase in revenue and expenditure authority for several carry forward grants totaling $103,049. (C-30-09-009-G-00)