REQUEST FOR CITY COUNCIL ACTION
DATE: 05/01/2024
TO: Honorable Mayor and City Council Members
FROM: Finance Department
SUBJECT:
Title
FISCAL YEAR 2024 QUARTER 3 BUDGETARY ADJUSTMENTS
End
EXECUTIVE SUMMARY:
This staff report asks the Council to consider budgetary adjustments for Fiscal Year 2024 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. For Quarter 3, staff recommends appropriating $1,759,948.82 and increasing estimated revenues in the amount of $315,957.82, as noted in Exhibit 1.
RECOMMENDED ACTION:
Recommended action
That the City Council:
a. Appropriate $1,759,948.82 and increase estimated revenues in the amount of $315,957.82, as noted in Exhibit 1 - Appropriations, Estimated Revenues, and Transfers.
b. Authorize the City Manager, or his designee, to execute the First Amendment to the Professional Services agreement with Hinder de Llamas and Associates and increase the total compensation by $100,000 for a revised total compensation of $350,000 for Business License Administration Services.
i. Authorize the City Manager, or his designee, to issue a Change Order to Hinder de Llamas and Associates' Blanket Purchase Order (B240848) in the amount of $100,000 for a total purchase order amount of $350,000.
c. Authorize the City Manager, or his designee, to negotiate and execute non-substantive extensions, change order, and amendments up to $35,000 or 10% of the total contract cost as authorized by Corona Municipal Code Section 3.08.070(I).
Authorize a contract amendment and change order for Accenture LLP DBA Anser Advisory Management, LLC for Project Management Services for Capital Improvements Projects.
i. Approve the Second A...
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