Clayton Approves Amendment to 2012 Budget
The Clayton Board of Aldermen met Tuesday.
The City of Clayton Board of Aldemen Tuesday unanimously approved a measure to amend the Fiscal Year 2012 budget. According to the ordinance, "the City of Clayton reviews and makes adjustments to its revenues and expenditures on a quarterly basis to respond to changes as the fiscal year progresses. As part of the quarterly budget review, staff is presenting for your consideration the final amendment to the Fiscal Year (FY) 2012 budget." The amendments are summarized in the table below: Highlights of the budget changes include: General Fund — Revenue - $523,800 Decrease Expenditures - $86,600 Increase Equipment Replacement Fund Expenditures - $300,000 Decrease Capital Improvement Fund Revenue -$4,125,000 Decrease Expenditures - $4,983,500…
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