REQUEST FOR CITY COUNCIL ACTION
DATE: 08/02/2023
TO: Honorable Mayor and City Council Members
FROM: Finance Department
SUBJECT:
Title
FISCAL YEAR 2023 QUARTER 4 BUDGETARY ADJUSTMENTS
End
EXECUTIVE SUMMARY:
This staff report asks the City Council to consider budgetary adjustments for Fiscal Year 2023, based on the Quarter 4 results and staff recommendations for funding level changes. On a quarterly basis, staff presents an update to the City Council on the current fiscal year revenue and expenditures. As part of the process, departments review the operating and capital improvement project funding levels and provide recommendations for budgetary adjustments.
RECOMMENDED ACTION:
Recommended action
That the:
a. City Council authorize an appropriation in the amount of $498,516 from the General Fund to the Planning and Development Department's operating budget to replenish the Inspection Division for various deposits collected throughout the fiscal year associated with inspection fees.
b. City Council authorize a continuing appropriation in the amount of $100,000 in the Information Technology Department within Measure X Fund 120 for Asset Management Software.
c. City Council authorize an appropriation in the amount of $65,842, from the Library Facilities and Collection Fee Fund 206 to purchase and process library materials.
d. City Council authorize an appropriation in the amount of $17,299 to the LMD 84-2 Zone 2 Fund 455 to offset the overage due to first year of grid pruning.
e. City Council authorize an appropriation in the amount of $2,091 to the LMD 84-2 Zone 20 Fund 470 to offset the overage due to first year of grid pruning.
f. City Council authorize an appropriation in the amount of $1,091 to the Eagle Glen HOA Streetlight Fund 473 due to an increase in electric utility costs with Southern California Edison.
g. City Council authorize an appropriation in the amount of $43,842 to the Workers Compensation Fund 683 due to an increase in...
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