Per our discussion last month, I recommend that we follow the City’s example in moving away from the annual appropriation to an annual budget system. The main change here is that our legal authority to spend will be derived directly from our budget as opposed to a separate appropriation document. This will simplify our financial operations both internally and externally by giving us one less set of financial documents to have to adhere to and explain to the public. I have drafted a resolution for your approval to formally commemorate this change.
Recommendation: I recommend that you approve the resolution formalizing our transition to the annual budget system.