 |  | 5919 MAIN STREET . NEW PORT RICHEY, FL 34652 . 727.853.1016 |
| TO: | City of New Port Richey City Council | | FROM: | Crystal M. Dunn, Finance Director | | DATE: | 11/6/2024 | | RE: | Budget Amendment |
REQUEST:
The City Council is asked to review and approve the following amendment to the FY25 Adopted Budget, which would allow for the use of $44,800 from prior year reserves towards the purchase of the High Service Split Case Pump, an approved FY24 budgeted capital equipment purchase, where the production was delayed and not delivered prior to fiscal year end.
DISCUSSION:
The City’s Purchasing Policy states that an unbudgeted capital outlay expense must be approved by City Council.
RECOMMENDATION:
It is recommended that City Council approve the attached amendment to the FY25 Adopted Budget.
BUDGET/FISCAL IMPACT:
The amendment allows for the use of prior year reserves which results in a net increase to the Water & Sewer Revenue Fund of $44,800 for FY25. | | | |