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RESOLUTION NO. XX – 2023
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF EAST PALO ALTO ADOPTING THE FISCAL YEAR 2023-24 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 2023-24 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 18, 2023 and June 12, 2023, 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 2023-24 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 25, 2023 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. Finds the foregoing recitals are true and correct and are incorporated by reference into this action;
2. Adopts the FY 2023-24 Budget (Exhibit A); and
3. Authorizes the use of available Reserve Balances totaling $3,325,991 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 20st day of June 2023 by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
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Lisa Gauthier
Mayor
ATTEST:
James Colin A
City Clerk
APPROVED AS TO FORM:
John D. Lê
City Attorney
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Exhibit A
Revenues Expenditures In Out
10 General Fund 33,002,578 $ (29,460,905) $ - $ - $ (3,604,364) $ (62,691) $ 11 IT Replacement Fund - $ (1,226,742) $ - $ 1,226,742 $ - $ - $ 12 Equipment & Vehicles - $ (328,500) $ - $ 328,500 $ - $ - $ 13 Self Insurance - $ (909,684) $ - $ 909,684 $ - $ - $ 16 Community Benefit Fund - $ - $ - $ - $ - $ - $
17 Com Dev Pass Thru 1,540,000 $ (1,410,000) $ - $ - $ - $ 130,000 $ 99 Emergency Fund 200,000 $ - $ - $ - $ - $ 200,000 $
$ - - $ - $ (2,464,926) $ 2,464,926 $ - $
$ (33,335,831) 34,742,578 $ - $ - $ (1,139,438) $ 267,309 $ 213 Police Grants 163,520 $ (176,229) $ - $ - $ - $ (12,709) $ 215 Misc Federal and State Grants 495,611 $ (184,850) $ - $ - $ - $ 310,761 $ 230 Local Grants 728,000 $ (720,000) $ - $ - $ - $ 8,000 $ 231 CYSFF TOT 289,400 $ (322,997) $ - $ - $ - $ (33,597) $ 232 Measure C 2,880 $ - $ - $ - $ - $ 2,880 $
Community Programs $ (1,404,076) 1,679,411 $ - $ - $ - $ 275,335 $ 201 State Gas Tax 1,496,600 $ (1,112,893) $ (550,000) $ 64,500 $ - $ (101,793) $ 202 Measure A 720,400 $ (3,459) $ (550,000) $ - $ - $ 166,941 $ 203 NPDES 248,300 $ (769,544) $ - $ 531,244 $ - $ 10,000 $ 206 Park In Lieu 4,800 $ - $ - $ - $ - $ 4,800 $
221 Lighting District 862,700 $ (193,249) $ - $ - $ - $ 669,451 $ 222 Drainage District 163,040 $ (309,324) $ - $ 146,284 $ - $ - $ 234 County Measure W 308,000 $ (1,689) $ (220,000) $ - $ - $ 86,311 $ 290 ARPA- American Rescue Plan - $ - $ - $ - $ - $ - $
Infrastructure Programs $ (2,390,159) 3,803,840 $ (1,320,000) $ 742,028 $ - $ 835,710 $ 204 Rent Stabilization 614,860 $ (800,529) $ - $ - $ - $ (185,669) $ 207 Housing In Lieu 1,134,000 $ (2,872,920) $ - $ - $ - $ (1,738,920) $ 209 Housing Assistance Program 4,800 $ (6,346) $ - $ - $ - $ (1,546) $ 216 Commercial IF - $ - $ - $ - $ - $ - $
217 Residential IF - $ - $ - $ - $ - $ - $
218 Affordable Housing TOT 313,400 $ (28,917) $ - $ - $ - $ 284,483 $ 219 Measure HH 1,747,400 $ (848,121) $ - $ - $ - $ 899,279 $ 220 Lo-Mod Housing Successor 32,000 $ (1,618,476) $ - $ 397,410 $ - $ (1,189,066) $ 233 Silicon Valley Community - $ - - $ - $ - $ - $
Affordable Housing Programs $ (6,175,308) 3,846,460 $ - $ 397,410 $ - $ (1,931,439) $ Total Special Revenue Funds 9,329,711 $ (9,969,543) $ (1,320,000) $ 1,139,438 $ - $ (820,394) $ 301 Capital Improvement Fund 610,400 $ (394,766) $ - $ - $ - $ 215,634 $ 303 Capital Grant - $ - $ - $ - $ - $ - $
305 Parks & Trails 441,779 $ - $ - $ - $ - $ 441,779 $
306 Public Facilities 774,906 $ - $ - $ - $ - $ 774,906 $ 307 Transportation 278,251 $ (83,333) $ - $ - $ - $ 194,918 $ 308 RBD-I Storm D 360,352 $ (83,333) $ - $ - $ - $ 277,019 $ 309 RBD-O Storm D 3,200 $ - $ - $ - $ - $ 3,200 $
Capital Funds 2,468,888 $ (561,433) $ - $ - $ - $ 1,907,456 $ 510 Water Service Fund 524,720 $ (393,116) $ - $ - $ - $ 131,604 $ 511 Water Capital Fund 1,264,000 $ (325,000) $ - $ - $ - $ 939,000 $ 512 Water Meter Fund 22,400 $ (10,000) $ - $ - $ - $ 12,400 $ 513 Water Capacity Fee Fund 785,863 $ (83,333) $ - $ - $ - $ 702,530 $ Water Enterprise 2,596,983 $ (811,449) $ - $ - $ - $ 1,785,534 $ 520 Garbage Service Fund 3,283,200 $ (3,267,255) $ - $ - $ - $ 15,945 $ Total Enterprise 5,880,183 $ (4,078,704) $ - $ - $ - $ 1,801,479 $ City-Wide Total 52,421,360 $ (47,945,511) $ (1,320,000) $ 1,139,438 $ (1,139,438) $ 3,155,850 $
ELIMINATING ENTRY
General Fund
FY 2023-24 Proposed Budget Summary
Fund Description
Operating Capital
Improvement
Plan
Operating Transfers Net Change
Fund Balance
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Exhibit B
10 General Fund 62,691 $
213 Police Grants 12,709
231 CYSFF TOT 33,597
201 State Gas Tax 101,793
204 Rent Stabilization 185,669
207 Housing In Lieu 1,738,920
209 Housing Assistance Program 1,546
220 Lo-Mod Housing Successor 1,189,066
$ 3,325,991
FY 2022-23 Budgeted User of Reserve
Total User of Fund Reserves