CITY OF McKINNEY, TEXAS - File #: 17-632

• File #: 17-632
• Name: FY17 Mid-Year Budget Amendment
• Type: Ordinance
• Status: Approved
• In control: City Council Regular Meeting
• On agenda: 6/20/2017
• Final action: 6/20/2017
• Title: Consider/Discuss/Act on Ordinance Amending the Fiscal Year 2016-2017 Budget Mid-Year to Fund Additional Improvements, Projects and Increased Contractual Obligations

Date	Ver.	Action By	Action	Result
6/20/2017	1	City Council Regular Meeting	Approved	Pass

Title

Consider/Discuss/Act on Ordinance Amending the Fiscal Year 2016-2017 Budget Mid-Year to Fund Additional Improvements, Projects and Increased Contractual Obligations

Summary

COUNCIL GOAL:                     Financially Sound Government

MEETING DATE:                     June 20, 2017

DEPARTMENT:                      Budget

CONTACT:                       Mark Holloway, Chief Financial Officer

RECOMMENDED CITY COUNCIL ACTION:                     

•                     Approval of ordinance.

ITEM SUMMARY: 

•                     A mid-year budget amendment is recommended to fund additional improvements, projects and increased contractual obligations with excess reserve funds.

•                     The recommended amendments to the FY2016-17 budget are as follows:

BACKGROUND INFORMATION: 

•                     An overview of the mid-year budget amendment was presented at the Council Work Session on June 19^th.

FINANCIAL SUMMARY: 

•                     Total appropriation increases will be offset by overall forecasted revenue increases and decreases in other appropriated expenditures.

BOARD OR COMMISSION RECOMMENDATION:                     N/A