ITEM TITLE:
Title
Consider approving a resolution amending the City of Lawton FY 23-24 budget as amended, by increasing estimated revenues by Six Million Sixty Thousand Eight Hundred Thirty-one and 00/100 Dollars ($6,060,831.00).
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INITIATOR: Joe Don Dunham, Finance Director
STAFF INFORMATION SOURCE: Joe Don Dunham, Finance Director
BACKGROUND: In accordance with the True North Culture of transparency, trust and efficiency a budget amendment is needed for the purpose of increasing General Fund Revenues in account various accounts, see attached detail, by Six Million Sixty Thousand, Eight Hundred Thirty-One and 00/100 Dollars ($6,060,831.00).
EXHIBIT: Resolution No. 24-______
KEY ISSUES: Does the City want to increase the projected revenues to a rate that is consistent with actual collections.
FUNDING SOURCE: This would be considered new revenue and there would be multiple sources attributing to this increase.
STAFF RECOMMENDED COUNCIL ACTION: Approve a resolution to amendment The FY 23-24 budget by increase revenues in the amount of Six Million Sixty Thousand Eight Hundred Thirty-One and 00/100 Dollars ($6,060,831.00).