Title
Approving an ordinance on second reading with the caption reading: AN ORDINANCE OF THE CITY OF PFLUGERVILLE, TEXAS, ADOPTING THE FIRST AMENDMENT TO THE FISCAL YEAR 2011-2012 BUDGET FOR THE CITY OF PFLUGERVILLE; AND PROVIDING AN EFFECTIVE DATE.
Summary
During the fiscal year it becomes necessary to amend the approved budget to allow for expenditures and revenues that were not originally approved. During fiscal year 2011-2012, budget amendments will be processed on a quarterly basis. Attached is a summary of the requested amendments for the second quarter which includes the purpose of the proposed amendment, the amount, the line item(s) affected, and the narrative from the referenced City Manager Report regarding the necessity for the amendment.
The ordinance was approved on first reading by the City Council on May 8, 2012.
Prior City Council Action
The FY 2011-2012 Budget was approved on September 13, 2011. There were no amendments for the first quarter of fiscal year 2012.
Deadline for City Council Action
Prior to the end of the 2012 fiscal year.
Projected Future City Council Action
Subsequent amendments will be presented for approval for the remaining two quarters of the fiscal year, if necessary.
Fiscal Impact
The fiscal impact is included in the attached summary.
Staff Recommendation
Approve the ordinance on second reading.
Drafter
Lauri Gillam
Assistant City Manager