The resolution authorizes and approves an increase in appropriations of the Auditor-Controller’s Fiscal Year (FY) 2025-26 Budget by $1,700,000 to cover under-withheld tax liability and penalties. The increase is financed by a release of $1,700,000 from the Compensated Absences Assignment account. The resolution also authorizes the Auditor-Controller to amend the budget accordingly.
Details
Subject
Increase in appropriations of the Auditor-Controller’s Fiscal Year (FY) 2025-26 Budget
Summary
The resolution authorizes and approves an increase in appropriations of the Auditor-Controller’s Fiscal Year (FY) 2025-26 Budget by $1,700,000 to cover under-withheld tax liability and penalties. The increase is financed by a release of $1,700,000 from the Compensated Absences Assignment account. The resolution also authorizes the Auditor-Controller to amend the budget accordingly.