CITY OF ALAMEDA RESOLUTION NO.
AMENDING THE FISCAL YEAR 2024-25 GENERAL FUND AND GOLF
FUND OPERATING BUDGETS APPROPRIATING $800,000 FROM
GENERAL FUND RESIDUAL FUND BALANCE TO GOLF FUND
(FUND 250) FOR EXEPENSES FOR ONGOING LITIGATION
AGAINST GREENWAY GOLF ASSOCIATES, INC.
WHEREAS, on June 18, 2024 , the City Council adopt ed by Resolution No. 16173 a budget representing the financial plan for conducting the affairs of the City of Alameda for the Fiscal Year beginning July 1, 2025 and ending June 30, 2025; and
WHEREAS, the adopted Golf Fund (Fund 250) Operating Budget has a total expenditure appropriation of $853,450; and
WHEREAS, the City of Alameda (City) is engaged in ongoing litigation against Greenway Golf Associates, Inc.; and
WHEREAS, in September 2024 the trial court continued the trail date to April 2025, which will increase the cost of litigation; and
WHEREAS, to ensure sufficient funds are available in the Golf Fund (Fund 250) to fund this increase to anticipated litigation costs in Fiscal Year 2024-25 there is a need to transfer $800,000 from General Fund Residual fund balance to the Golf Fund (Fund 250); and
WHEREAS, the City Council has reviewed the report and recommendations of the City Attorney regarding the budget amendment and has determined that the proposed amendment is both fair and appropriate.
NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Alameda that Fiscal Year 2024- 25 Operating B udget amendment appropriating $800,000 from General Fund (Fund 100) Residual fund balance to the Golf Fund (Fund 250) for the Fiscal Year 2024-25 Budget is approved.
* * * * * *
I, the undersigned, herby 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 December 2024, by the following vote to wit:
AYES:
NOES:
ABSENT:
ABSTENTIONS:
IN WITNESS, WHEROF, I have hereunto set my hand and affixed the seal of said City this 18th day of December 2024.
Lara Weisiger, City Clerk
City of Alameda
APPROVED AS TO FORM:
Yibin Shen, City Attorney
City of Alameda