Approve $14.5 million in mid-year budget adjustments for current fiscal year

Mid-Year Budget ReportBudget

In Plain English

The city tracks spending and revenue every 6 months to see if budget changes are needed. Through December 2023, the city collected $99.9 million in revenue as expected. Staff requests approval to increase the General Fund budget by $9.8 million and other funds by $4.7 million to cover necessary adjustments.

Auto-generated summary. Source: official agenda documents.

Votes

To approve the total amount for General Fund and non-General Fund on Attachment #4, $9,773,748 (General Fund) and $4,735,346 (non-General Fund); Fire Station 63 allocation for $300,000; two closed out projects (Nevin Avenue and 37th Street Improvement Project) for $50,000 each for $400,000 of the request; remaining would be set aside for staff to return in April 2024 with a prioritized project list categorized by legal compliance, grant deadline, any kind of grant or funding limitation, health and safety, and quality of life including a portion that was quality of life improvement projects that the community could benefit from; and direct staff to return in May 2024 with an accountability measure proposal process

Moved by: Doria RobinsonSeconded by: Claudia Jimenez

Passed

7 to 0

Soheila BanaAye

Gayle McLaughlinAye

Doria RobinsonAye

Melvin WillisAye

Cesar ZepedaAye

Claudia JimenezAye

Eduardo MartinezAye