Background/Discussion
The City of Council Bluffs is proposing an amendment to the City of Council Bluffs Budget for the fiscal year ending June 30, 2018.
The proposed budget amendment increases revenue by $28,511,948 and increases expenditures by $17,109,048. The changes are primarily due to transfers between funds which the State of Iowa requires to be recognized as revenues and expenditures and by the issuance of the 2018A General Obligation Bonds issued in fiscal year 2018 which had been planned for issuance in fiscal year 2019.