Subject:
Title
Consider the reappropriation of encumbrances that were outstanding at the end of Fiscal Year 2016 in the amount of $6,802,550.51
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Presented By: City Staff
Recommendation and Review
At the end of Fiscal Year 2016 there were outstanding encumbrances for purchase orders which were issued prior to June 30, 2016. These purchase orders were carried forward to the new Fiscal Year 2017 budget; however, the budgeted funds lapsed as of June 30, 2016. The purchase orders were for goods and/or services which were contracted for but not received prior to June 30, 2016. The purpose of this supplemental appropriation is to request that the funds for these outstanding purchase orders be reappropriated to the current fiscal year's budget