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RESOLUTION NO. XX – 2022
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF EAST PALO ALTO ADOPTING THE FISCAL YEAR 2022-23 REVENUE AND EXPENDITURE BUDGET
FOR THE CITY OF EAST PALO ALTO
WHEREAS, the City Council desires a spending plan for the City of East Palo Alto General, Special Revenue, Capital, Fiduciary, and Enterprise Funds in order to account for Fiscal Year 2022-23 anticipated revenues and to appropriate projected expenditures; and WHEREAS, City of East Palo Alto Municipal Code section 3.08.110 requires the adoption of an annual budget no later than June 30th prior to the beginning of the fiscal year; and WHEREAS, the City Council held budget message and budget study sessions between April 19, 2022 and May 26, 2022, including a final Budget Hearing on this date to discuss the City’s anticipated revenues and expenditure programs and to obtain public comment regarding the Fiscal Year 2022-23 Budget; and
WHEREAS, such public hearings were duly noticed not less than seven days nor more than 21 days prior to the first hearing held on May 19, 2022 in accordance with East Palo Alto Municipal Code section 3.08.070;
NOW, THEREFORE, BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF EAST PALO ALTO HEREBY:
1. Adopts the FY 2022-23 Budget (Exhibit A)
2. Authorizes the use of available Reserve Balances totaling $8,202,720 and the Finance Director asserts such funds are available, in order to fund certain General Fund operations, enterprise fund and other restricted fund deficits (Exhibit B)
PASSED AND ADOPTED this 7
th day of June 2022 by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
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Ruben Abrica
Mayor
ATTEST:
James Colin
Acting City Clerk
APPROVED AS TO FORM:
Valerie J. Armento
Interim City Attorney
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Exhibit A
Revenues Expenditures In Out
10 General Fund $ 29,168,770 $ (26,602,520) $ 350,000 $ 821,140 $ (4,007,390) $ (270,000) 11 IT Replacement Fund $ - $ (1,121,860) $ - $ 1,121,860 $ - $ - 12 Equipment & Vehicles $ - $ (95,000) $ - $ 95,000 $ - $ - 13 Self Insurance $ - $ (972,170) $ - $ 972,170 $ - $ - 16 Community Benefit Fund $ - $ - $ - $ - $ - $ -
17 Com Dev Pass Thru $ 280,000 $ (10,000) $ - $ - $ - $ 270,000 $ - $ - $ - $ (3,010,170) $ 3,010,170 $ -
$ 29,448,770 $ (28,801,550) $ 350,000 $ - $ (997,220) $ - 213 Police Grants $ 162,000 $ (191,420) $ - $ - $ - $ (29,420) 215 Misc Federal and State Grants $ 57,000 $ (45,000) $ - $ - $ - $ 12,000 230 Local Grants $ 153,000 $ - $ - $ - $ - $ 153,000
231 CYSFF TOT $ 144,000 $ (45,280) $ - $ - $ - $ 98,720 232 Measure C $ 1,000 $ (207,300) $ - $ - $ - $ (206,300) 290 ARPA- American Rescue Plan $ 3,531,250 $ (830,440) $ - $ - $ (821,140) $ 1,879,670 Community Programs $ 4,048,250 $ (1,319,440) $ - $ - $ (821,140) $ 1,907,670 201 State Gas Tax $ 1,541,000 $ (772,210) $ (550,000) $ 64,500 $ - $ 283,290 202 Measure A $ 636,000 $ (3,210) $ (500,000) $ - $ - $ 132,790 203 NPDES $ 247,500 $ (551,370) $ - $ 303,870 $ - $ -
206 Park In Lieu $ - $ - $ - $ - $ - $ -
221 Lighting District $ 678,930 $ (177,080) $ - $ - $ - $ 501,850 222 Drainage District $ 144,000 $ (431,270) $ - $ 287,270 $ - $ - 234 County Measure W $ 304,000 $ (1,500) $ (200,000) $ - $ - $ 102,500 Infrastructure Programs $ 3,551,430 $ (1,936,640) $ (1,250,000) $ 655,640 $ - $ 1,020,430 204 Rent Stabilization $ 544,860 $ (657,860) $ - $ - $ - $ (113,000) 207 Housing In Lieu $ 1,042,000 $ (4,030,160) $ - $ - $ - $ (2,988,160) 209 Housing Assistance Program $ 4,500 $ (6,250) $ - $ - $ - $ (1,750) 216 Commercial IF $ 2,475,280 $ - $ - $ - $ - $ 2,475,280 218 Affordable Housing TOT $ 158,000 $ (27,280) $ - $ - $ - $ 130,720 219 Measure HH $ 1,702,280 $ (619,060) $ - $ - $ - $ 1,083,220 220 Lo-Mod Housing Successor $ 20,000 $ (1,222,630) $ - $ 462,720 $ - $ (739,910) 233 Silicon Valley Community $ 1,000 $ (168,440) $ - $ - $ - $ (167,440) Affordable Housing Programs $ 5,947,920 $ (6,731,680) $ - $ 462,720 $ - $ (321,040) Total Special Revenue Funds $ 13,547,600 $ (9,987,760) $ (1,250,000) $ 1,118,360 $ (821,140) $ 2,607,060 301 Capital Improvement Fund $ 458,000 $ (110,850) $ (855,410) $ 700,000 $ - $ 191,740 303 Capital Grant $ - $ - $ - $ - $ - $ -
305 Parks & Trails $ 233,000 $ - $ - $ - $ - $ 233,000
306 Public Facilities $ 405,000 $ - $ - $ - $ - $ 405,000 307 Transportation $ 1,756,570 $ - $ - $ - $ - $ 1,756,570 308 RBD-I Storm D $ 3,850 $ - $ - $ - $ - $ 3,850
309 RBD-O Storm D $ 152,150 $ - $ - $ - $ - $ 152,150
Capital Funds $ 3,008,570 $ (110,850) $ (855,410) $ 700,000 $ - $ 2,742,310 510 Water Service Fund $ 482,500 $ (421,730) $ - $ - $ - $ 60,770 511 Water Capital Fund $ 533,000 $ (100,000) $ (4,014,000) $ - $ - $ (3,581,000) 512 Water Meter Fund $ 289,000 $ - $ - $ - $ - $ 289,000 513 Water Capacity Fee Fund $ 490,000 $ - $ (456,000) $ - $ - $ 34,000 Water Enterprise $ 1,794,500 $ (521,730) $ (4,470,000) $ - $ - $ (3,197,230) 520 Garbage Service Fund $ 3,013,000 $ (3,118,740) $ - $ - $ - $ (105,740) Total Enterprise $ 4,807,500 $ (3,640,470) $ (4,470,000) $ - $ - $ (3,302,970) $ 50,812,440 $ (42,540,630) $ (6,225,410) $ 1,818,360 $ (1,818,360) $ 2,046,400 705 Successor Operating $ 3,959,000 $ (114,110) $ - $ - $ - $ 3,844,890 706 Successor Debt Service $ 1,552,430 $ (1,550,310) $ - $ - $ - $ 2,120 Successor Agency $ 5,511,430 $ (1,664,420) $ - $ - $ - $ 3,847,010
ELIMINATING ENTRY
General Fund
FY 2022-23 General Fund Budget Summary
Fund Description
Operating Capital
Improvement
Plan
Operating Transfers
Net Change
Fund Balance
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Exhibit B
10 General Fund (270,000)
213 Police Grants (29,420)
232 Measure C (206,300)
204 Rent Stabilization (113,000)
207 Housing In Lieu (2,988,160)
209 Housing Assistance Program (1,750)
220 Lo-Mod Housing Successor (739,910)
233 Silicon Valley Community (167,440)
511 Water Capital Fund (3,581,000)
520 Garbage Service Fund (105,740)
(8,202,720)
FY 2022-23 Budgeted User of Reserve
Total User of Fund Reserves