| | | | | | | | City of Marquette, MI
300 West Baraga Avenue
Marquette, MI 49855
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| | | | | | | | Agenda Date: 9/25/2023
New Business
Budget Adjustment - Fiscal Year End 2023 |
| | | | | | | | | BACKGROUND: | | In order to stay in compliance with State and Local laws and regulations, the City should complete each fiscal year with a budget in which actual expenditure amounts do not exceed budget amounts. The attached schedule illustrates funds with projected fiscal year end activities that exceed current budgeted amounts. |
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| | | | | | | | | FISCAL EFFECT: | | Approval of the adjustments will help ensure the City stays in compliance with budgetary rules and regulations. |
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| | | | | | | | | RECOMMENDATION: | | Approve the budget adjustments for Fiscal Year 2023 and authorize the Chief Financial Officer to make the necessary adjustments to balance the budgets. |
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| | | | | | | | | ALTERNATIVES: | | As determined by the Commission. |
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