REQUEST FOR CITY COUNCIL AND
CORONA UTILITY AUTHORITY ACTION
DATE: 05/03/2023
TO: Honorable Mayor and City Council Members
FROM: Finance Department
SUBJECT:
Title
FISCAL YEAR 2023 QUARTER 3 BUDGETARY ADJUSTMENTS
End
EXECUTIVE SUMMARY:
This staff report asks the City Council to consider budgetary adjustments for Fiscal Year 2023 based on the Quarter 3 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 City Council:
a. Approve the following General Fund budgetary adjustments:
i. Accept and appropriate $1,071,434.10, and increase revenue estimates by the same amount, in the General Fund 110, for the State Encampment Resolution funding grant received by the City Manager's Office, Homeless Solutions Programs.
ii. Appropriate $200,000 from the Measure X Fund 120 to the Community Services Department operating budget to replace and install theater equipment in the Historic Civic Center Theatre.
iii. Accept and appropriate $200,000, and increase revenue estimates by the same amount, in the General Fund 110, for the 2022-23 Local Assistance Specified Grant from the State of California received by the Fire Department.
iv. Appropriate $32,000 from the Measure X Fund 120 to the Fire Headquarters Infrastructure Upgrades Project No. 77270.
v. Appropriate $2,168 from the Measure X Fund 120 to the City Manager's Office, Homeless Programs, operating budget for staff cell phones and wireless services.
vi. Appropriate $150,000 from the General Fund 110 to the Community Services Department's operating budget to amend the contract for graffiti services.
* Approve the Second Amendment to the Maintenance/General Services Agreement ...
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