Vote: adopted

Item Text

77. LIBRARY DISTRICT ANTHEM LIBRARY CAPITAL PROJECT BUDGET ADJUSTMENT Approve the following adjustments to the FY 2027 budget: 1. Increase the expenditure authority for the Library District (D650) Library District Capital Improvement Fund (465) Anthem Library (ANTH) budget by $4,325,000. The expenditure adjustment will utilize accumulated fund balance for continuation of the capital project. District revenues are not local revenues for the purpose of the constitutional expenditure limitation and therefore expenditures of these revenues are not subject to the constitutional expenditure limitation. The approval of this action requested does not alter the budget constraining the expenditure of local revenues duly adopted by the Board pursuant to A.R.S. §42-17105. (C-65-27-006-X-00)

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