RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF EAST PALO ALTO APPROVING FISCAL YEAR 2021-22 LIMITED BUDGET AMENDMENTS EFFECTIVE JUNE 30, 2022
WHEREAS, the City Council adopted 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 2021-22 anticipated revenues and to appropriate projected expenditures; and WHEREAS, the City Council amended numerous budget appropriations through additional legislative action during Fiscal Year 2021-22; and WHEREAS, during Fiscal Year 2021-22 City Council appropriated additional expenditure activity and capital commitments from General Fund reserves; and WHEREAS, General Fund revenues and salary and other expenditure savings for Fiscal Year 2021-22 are projected to reduce budgeted use of General Fund and sub-fund reserves by a minimum of $4.2M; and
WHEREAS, the Finance Director asserts unassigned cash reserves are available in the IT Replacement Fund (011), Self-Insurance Fund (013), and Community Development Pass Through Fund (017) Reserves;
NOW, THEREFORE,BE IT RESOLVED THAT THE CITY COUNCIL hereby:
1. Approves Fiscal Year 2021-22 Limited Budget Amendments for the General Fund and related sub-funds as set forth below; and
Revenues Expenditures In Out
10 General Fund $ 28,515,000 $ (20,042,224) $ - $ (4,279,510) $ 4,193,266 11 IT Replacement Fund $ - $ (962,705) $ 927,800 $ - $ (34,905) 12 Equipment & Vehicles $ 59,040 $ (339,750) $ 280,710 $ - $ - 13 Self Insurance $ - $ (724,000) $ 690,000 $ (34,000)
17 Com Dev Pass Thru $ 1,695,000 $ (1,908,308) $ - $ - $ (213,308) 90 Pandemic Outreach $ 165,000 $ (124,000) $ - $ - $ 41,000 99 Emergency Fund $ - $ (6,000) $ - $ - $ -
$ - $ - $ (1,898,510) $ 1,898,510 $ -
General Fund $ 30,434,040 $ (24,106,987) $ - $ (2,381,000) $ 3,946,053
ELIMINATING ENTRY
FY 2021-22 Amended General Fund Budget
Fund Description
Operating Operating Transfers Net Change
Fund Balance
2. Authorizes $282,213 budgeted use of reserves from the IT Replacement Fund (011), Self-Insurance Fund (013), and Community Development Pass Through Fund (017) Reserves as follows:
PASSED AND ADOPTED this 4th day of October 2022, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
Ruben Abrica, Mayor
ATTEST: APPROVED AS TO FORM:
James Colin, City Clerk Valerie J. Armento, Interim City Attorney Budgeted Use
of Fund Reserves
11 IT Replacement Fund $ (34,905)
13 Self Insurance $ (34,000)
17 Com Dev Pass Thru $ (213,308)
Total Use of Reserves $ (282,213)
Fund Description