What is the consequence of the City not appropriating funds for new agreements?

The consequence of the City not appropriating funds for new agreements is that it has no obligation for additional appropriations. This means that if the City decides not to allocate budget resources for new contracts, it is not legally bound to seek out additional funding or to continue financing options that are not supported by its budget. The lack of appropriated funds effectively limits the City's ability to enter into new financial commitments while still ensuring that it adheres to its fiscal responsibilities.

In contrast, the other options suggest actions or obligations that the City would have to undertake, which do not accurately reflect the implications of not appropriating funds. The ability to extend the current funding period or renegotiate existing agreements would typically require some level of funding approval. Similarly, finding alternative sources of funding implies an obligation exists to continue financing, which contradicts the premise of not appropriating additional funds.