REQUEST FOR CITY COUNCIL ACTION
DATE: 11/02/2022
TO: Honorable Mayor and City Council Members
FROM: Finance Department
SUBJECT:
Title
Fiscal Year 2023 Quarter 1 Budgetary Adjustments.
End
EXECUTIVE SUMMARY:
This staff report asks Council to consider budgetary adjustments for Fiscal Year 2023 based on the Quarter 1 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 approve the following General Fund budgetary adjustments:
i. Appropriate $20,000 to the Public Works Department operating budget for the Utility Box Art Program.
ii. Appropriate $3,252 and increase revenue estimates by the same amount, in the Police Department operating budget, for Fiscal Year 2022 Patrick Leahy Bulletproof Vest Partnership grant award.
iii. Appropriate $18,000 to the Public Works Department operating budget for the Riverside County Post Landfill Annual Agreement.
b. City Council appropriate $75,000, from the Library Facilities and Collection Fee Fund 206 to the Library Materials project, to purchase library materials.
c. City Council appropriate $153,323, in the NPDES Fund 245 to the Public Works Department operating budget, for expenses that were inadvertently omitted in the Fiscal Year 2023 budget process.
d. City Council appropriate $180,000, in Gas Tax Fund 222, for the Foothill Parkway Mitigation project.
e. City Council approve the following Library-Other Grants Fund 415 budget adjustments:
i. Appropriate $216,992 and increase revenue estimates by the same amount for the Building Forward Grant Program to update the Library's security camera system.
ii. Accept funding from the California State Library for...
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