CITY OF ALAMEDA RESOLUTION NO.
AMENDING THE FISCAL YEAR 2023 -24 BUDGET TO INCREASE
REVENUE AND EXPENDITURE APPROPRIATIONS IN THE GRANTS
FUND (FUND 222) BY $ 25,000 FOR THE GUARENTEED INCOME
PILOT PROGRAM
WHEREAS, on June 20, 2023, the City Council adopted a budget representing the financial plan for conducting the affairs of the City of Alameda for the Fiscal Year beginning July 1, 2023, and ending June 30, 2025; and
WHEREAS, staff is proposing that Grants Fund (222) expenditure a ppropriations and revenue budget for the Y&H Soda Foundation grant be increased by $ 25,000 to reflect a grant award from Y&H Soda Foundation; and
WHEREAS, Y&H Soda Foundation has granted the City $25,000 to support Rise Up Alameda, the City’s Guaranteed Income Pilot Program; and
WHEREAS, staff is proposing that Grants Fund expenditure appropriations be increased by $25,000 to reflect the grant funds from Y&H Soda Foundation for activities related to Rise Up Alameda, the City’s Guaranteed Income Pilot Program; and
WHEREAS, the City Council has considered the report and recommendations on the proposed use of Y&H Soda Foundation funding and has determined that the proposed uses are both fair and appropriate; and
WHEREAS, this budget amendment ensures that the City has exercised prudent judgment in its fiduciary responsibility as guardians of the public tax dollars.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Alameda that the budget amendment to the City ’s Grants Fund (Fund 222) Fiscal Year 202 3-24 budget is approved to increase expenditure appropriations by $25,000 in order to provide funding for Grants Fund activities related to Rise Up Alameda. .
* * * * * *
I, the undersigned, hereby certify that the foregoing Resolution was duly and regularly adopted and passed by the Council of the City of Alameda in a regular meeting assembled on the 17th day of October 2023, by the following vote to wit:
AYES:
NOES:
ABSENT:
ABSTENTIONS:
IN WITNESS, WHER EOF, I have hereunto set my hand and affixed the seal of said City this 18th day of October 2023.
Lara Weisiger, City Clerk
City of Alameda
APPROVED AS TO FORM:
Yibin Shen, City Attorney
City of Alameda