ITEM 5. 1
CITY MANAGER' SREPORT
SEPTEMBER 9, 2024 CITY COUNCIL REGULAR MEETING
ITEM: FISCAL YEAR ( FY) 2023/4 YEAR- END BUDGET
REPORT AND RELATED AMENDMENTS AND
AMENDMENTS TO THE FISCAL YEAR 2024/5
BUDGET
RECOMMENDATION: Adopt Resolution to Approve the FY 2023/4 Year - End Report and Related Budget Amendments and
Amend the FY 2024/5Budget
SUMMARY:
In June 2023, City Council adopted their Biennial Budget for fiscal years 2023/4and 2024/5by Resolution No. 23- 5322. Staff has continued to present Council budget updates through the formal Mid -Year and Year -End reviews and budget amendments.
At the end of Year 1 of the biennial budget, the General Fund unallocated fund balance at June 30, 2024 was estimated at $8. 0 million. Higher than projected property and sales tax collections combined with lower than budgeted expenditures due to operational efficiencies and salary savings from vacant positions have resulted in a General Fund surplus at the end of fiscal year ( FY) 2023/4.
Staff recommends applying approximately $ 10. 3 million in FY 23/4 surplus funds to the following unfunded liabilities:
Transfer $ 5. 0 million to the Street Repair Reserves
Transfer $ 1. 3 million to the Sidewalk Repair Reserves Transfer $4. 0 million to the Corporation Yard Project Reserves With the proposed uses of the fund balance unassigned reserves, the estimated General Fund balance at June 30, 2024 is $ 8. 1 million or 22% of actual operating expenditures. This balance combined with the $ 1. 85 million set aside in the Fiscal Stabilization reserves brings the General Fund reserves available for emergency to
9. 85 million or 27% of actual operating expenditures. The City' s Fund Balance
Reserve Policy Adopted via Council Resolution states that " The City Council will approve any fund balance between 10% and 50% of Adjusted Appropriations as part of the Annual Budget resolution", the estimated fund balance remains above the 25% recommended target.
BACKGROUND:
In June 2023, City Council adopted their Biennial Budget for fiscal years 2023/4and 2024/5 by Resolution No. 23- 5322. Staff has presented to Council updates on the budget during the Mid -Year and Year -End Budget reviews. At the end of Year 1 the projected ( unaudited) General Fund Balance at June 30, 2024 was estimated at $ 8. 0 million. At year- end, revenues and expenditures are again reviewed and amendments are proposed as needed. After conducting a thorough review, the City received higher than expected property and sales tax collections combined with lower than projected expenditures due to operational efficiencies and salary savings from vacant positions resulted in a General Fund surplus at fiscal year- end.
CITY MANAGER' S REPORT PAGE 2
SEPTEMBER 9, 2024 CITY COUNCIL REGULAR MEETING
FISCAL YEAR ( FY) 2023/4YEAR- END BUDGET REPORT AND RELATED AMENDMENTS AND AMENDMENTS TO FISCAL YEAR 2024/025 BUDGET Staff recommends applying approximately $ 10. 5 million in FY 23/4surplus funds to designated unfunded liability accounts as identified in the General Fund Reserves/ Fund Balance Section below.
GF Reserves/ Fund Balance:
Staff recommends applying approximately $ 10. 3 million in FY 23/4 surplus funds to the following unfunded liabilities:
Transfer $ 5. 0 million to the Street Repair Reserves to replace the funds used during FY 23/4. These funds are relied upon to maintain deteriorating City roadway infrastructure where no other funding source exists.
Transfer $ 1. 3 million to the Sidewalk Repair Reserves to establish funds that can be used to maintain and repair the City' ssidewalks. Repair' s would include
grinding down tripping hazards, replacing full sections of concrete and replacing curb ramps. The City' s sidewalks encourage walking, promote community interaction and provide a dedicated space for pedestrians that is separated from vehicular traffic for safety and access for people with mobility issues. Numerous sections of sidewalk throughout the City are not in compliance with the Americans with Disabilities Act ( ADA) standards and are in need of repair due to damage from tree roots, settlement or thermal expansion.
Transfer $ 4. 0 million to the Corporation Yard Project Reserves to fund improvement' sin order to keep up with recent and planned growth and to comply with new regulatory requirements.
With the proposed uses of the fund balance unassigned reserves, the estimated General Fund balance at June 30, 2024 is $ 8. 1 million or 22% of actual operating expenditures. This balance combined with the $ 1. 85 million set aside in the Fiscal Stabilization reserves brings the General Fund reserves available for emergency to
9. 85 million or 27% of actual operating expenditures. The City' s Fund Balance Reserve Policy Adopted via Council Resolution states that " The City Council will approve any fund balance between 10% and 50% of Adjusted Appropriations as part of the Annual Budget resolution", the estimated fund balance remains above the 25% recommended target.
Year -End Transfer Requests
As part of the Biennial Budget process approved by Council in June 2023, a mid - cycle review is conducted on the second year' s programmed allocations ( Year 1 or FY 2023/4). The Year -End Budget Report includes budget transfers reflecting transfers between funds to accommodate changes to Capital Improvement Projects ( CIP' s) revenues, expenses and staffing in the fiscal plan.
CITY MANAGER' S REPORT PAGE 3
SEPTEMBER 9, 2024 CITY COUNCIL REGULAR MEETING
FISCAL YEAR ( FY) 2023/4YEAR- END BUDGET REPORT AND RELATED AMENDMENTS AND AMENDMENTS TO FISCAL YEAR 2024/025 BUDGET REASON FOR RECOMMENDATION:
The recommended FY 2023/4budget amendments result from changes in estimates and activity through June 30, 2024, and are necessary in order for the City to meet auditing and budgetary requirements.
In addition, setting aside funds for Street Repair, Sidewalk Repair, and the Corporation Yard Project Reserves will allow the City to be proactive in its approach to these areas without affecting its operating structure and core services.
FISCAL IMPACTS:
The FY 2023/4and FY 2024/5 budget amendments are as follows:
FISCAL YEAR 2023/4
REVENUE — BUDGET AMENDMENTS
Increase/( Decrease)]
Source GL Account Amount
Measure C - City Services 1060-9- 10- 313- 0-0 59, 006
Measure C - City Services 1060-9- 10- 361- 0-0 270,65
Culture & Leisure CFF 2260- 3- 40-18- 03-1 2, 989, 632
CFD 2013- 1 - RI Services 2640- 5- 68- 355- 01- 25 55, 615 CFD 2013- 1 - RI Services 2640- 15-0- 361- 0- 24, 678
CFD 2013- 1 - RI Services 2640- 5- 68- 371- 9- 10 916, 810 CFD 2019- - CLSP Services 2680- 5- 355- 01-0 669, 117)
CIP GG2115 - Developers 2710- 8- 00- 372- 01-0 124, 431) CIP GG2314 - CDBG 2650- 11- 30-33- 01-0 22, 129
CIP PK2002 - State Grant - Prop68 2160- 8- 00- 331- 05-0 52 CIP PS0606 - Developers 2710- 8- 00- 372- 01-0 1, 226, 726 CIP PS1204 - Developers 2710- 8- 00- 372- 01-0 1, 211, 300 CIP WW2017 - Developers 2710- 8- 00- 372- 01-0 975, 005 CIP WW2224 - State Grant 2160- 8- 00- 331- 05-0 3, 910
CIP RW2416 - Developers 2710- 8- 00- 372- 01-0 19, 725
191801- Developer - CLSP LLC 4010- 89- 99- 371- 9- 00 30,57 190201- Developer - Pacific Union 4100- 89- 99- 371- 9- 00 1, 824 190101- Developer - River Islands 4150- 89- 99- 371- 9- 00 162, 443 190801- Developer - TCN 4170- 89- 99- 371- 9- 00 54, 733 191001- Developer - Richland 4190- 89- 99- 371- 9- 00 14,94 Revenue Total: 7, 244, 856
EXPENDITURE — BUDGET AMENDMENTS
Increase/ (Decrease) ]
Source GL Account Amount
Measure C - LMFD 2010- 19- 20- 425- 16- 00 30, 850
Public Nuisance 2090- 5- 40-20- 16- 00 1, 927
CFD 2013- 1 - RI Services 2640- 5- 68- 420- 01- 3, 176
CFD 2013- 1 - RI Services 2640- 5- 68- 440- 1- 0 7, 392 CFD 2013- 1 - RI Services 2640- 5- 68- 440-- 0 2, 021
CITY MANAGER' S REPORT
SEPTEMBER 9, 2024 CITY COUNCIL REGULAR MEETING
FISCAL YEAR ( FY) 2023/4YEAR- END BUDGET REPORT AND RELATED AMENDMENTS AND AMENDMENTS TO FISCAL YEAR 2024/025 BUDGET PAGE 4
Culture & Leisure CFF Fund - Reimb 2260- 8- 00- 440- 5- 0 2, 402, 690 CIP GG2115 - Developers 3010- 8- 00- 420- 12- 00 124, 431) CIP GG2115 - General Fund 3010- 8- 00- 420- 12- 00 24,04 CIP GG2314 - CDBG 3010- 8- 00- 420- 12- 00 22, 129
CIP PK2002 - State Grant - Prop68 3010- 8- 00- 420- 12- 00 52 CIP PS0606 - Local Transp. CFF 3310- 8- 00- 420- 12- 00 207, 303) CIP PS0606 - Developers 3310- 8- 00- 420- 12- 00 1, 226, 726 CIP PS1204 - Developers 3310- 8- 00- 420- 12- 00 1, 211, 300 CIP PS2318 - LTF 3310- 8- 00- 420- 12- 00 449, 234)
CIP PS2318 - LTF 3310- 8- 00- 420- 12- 00 550, 766)
CIP PS2508 - LTF 3310- 8- 00- 420- 12- 00 550, 766
CIP PS2408 - LTF 3310- 8- 00- 420- 12- 00 297
CIP PS2409 - Measure K 3310- 8- 00- 420- 12- 00 4, 981
CIP WW2017 - Developers 6090- 8- 00- 420- 12- 00 975, 005 CIP WW2224 - State Grant 6090- 8- 00- 420- 12- 00 3, 910 CIP RW2416 - Developers 6091- 80- 00- 420- 12- 00 19, 725 191001- Developer - CLSP LLC 4010- 89- 99- 420- 01- 30,57 190201- Developer - Pacific Union 4100- 89- 99- 420- 9- 0 1, 824 190101- Developer - River Islands 4150- 89- 99- 420- 01- 156, 916 190801- Developer - TCN 4170- 89- 99- 440- 5- 0 54, 733 191001- Developer - Richland 4190- 89- 99- 440- 5- 0 14,94 Expenditure Total: 5, 413,41
TRANSFER IN — BUDGET AMENDMENTS
Increase/ (Decrease)]
Source GL Account Amount
General Fund - CFD 2023- 1 1010- 99- 00- 393- 00 316, 743 Measure C - LMFD 2010- 99- 00- 393- 00 23, 602
CIP GG2115 - Developers 3010- 99- 00- 393- 00 124, 431) CIP GG2115 - General Fund 3010- 99- 00- 393- 00 24,04
CIP GG2314 - CDBG 3010- 99- 00- 393- 00 22, 129
CIP PK2002 - State Grant - Prop68 3010- 99- 00- 393- 00- 52 CIP PS0606 - Local Transp. CFF 3310- 99- 00- 393- 00 207, 303) CIP PS0606 - Developers 3310- 99- 00- 393- 00 1, 226, 726 CIP PS1204 - Developers 3310- 99- 00- 393- 00 1, 211, 300 CIP PS2318 - LTF 3310- 99- 00- 393- 00 449, 234)
CIP PS2408 - LTF 3310- 99- 00- 393- 00 297
CIP PS2409 - Measure K 3310- 99- 00- 393- 00 4, 981
CIP WW2017 - Developers 6090- 99- 00- 393- 00- 975, 005 CIP WW2224 - State Grant 6090- 99- 00- 393- 00 3, 910
CIP RW2416 - Developers 6091- 99- 00- 393- 00 19, 725
Transfer In Total: 3, 047, 706
CITY MANAGER' S REPORT PAGE 5
SEPTEMBER 9, 2024 CITY COUNCIL REGULAR MEETING
FISCAL YEAR ( FY) 2023/4 YEAR- END BUDGET REPORT AND RELATED AMENDMENTS AND AMENDMENTS TO FISCAL YEAR 2024/025 BUDGET TRANSFER OUT — BUDGET AMENDMENTS
Increase/( Decrease)]
Source GL Account Amount
CFD 2023- 1 - RI Services 2640- 99- 00- 990-- 1 316, 743 Measure C - City Services 1060- 99- 00- 990-- 1 23, 602 CIP GG2115 - Developers 2710- 99- 00- 990-- 1 124, 431) CIP GG2115 - General Fund 1010- 99- 00- 990-- 1 24,04
CIP GG2314 - CDBG 2650- 99- 00- 990-- 1 22, 129
CIP PK2002 - State Grant - Prop68 2160- 99- 00- 990-- 1 52 CIP PS0606 - Local Transp. CFF 2250- 99- 00- 990-0- 1 207, 303) CIP PS0606 - Developers 2710- 99- 00- 990-- 1 1, 226, 726 CIP PS1204 - Developers 2710- 99- 00- 990-- 1 1, 211, 300 CIP PS2318 - Developers 2140- 99- 00- 990-0- 1 449, 234) CIP PS2408 - Developers 2140- 99- 00- 990-- 1 297
CIP PS2409 - Measure K 2110- 99- 00- 990-- 1 4, 981
CIP WW2017 - Developers 2710- 99- 00- 990-- 1 975, 005
CIP WW2224 - State Grant 2160- 99- 00- 990-- 1 3, 910
CIP RW2416 - Developers 2710- 99- 00- 990-- 1 19, 725
Transfer Out Total: 3, 047, 706
FUND BALANCE RESERVES — BUDGET AMENDMENTS
Increase/ (Decrease)]
Source GL Account Amount
General Fund - Street Repair 1010- 251- 03-0 5, 000,00
General Fund - Sidewalk Repair 1010- 251- 03-1 1, 300, 000 General Fund - Corporation Yard 1010- 251- 10- 00 4, 000,00 Fund Balance Reserves Total: 10, 300, 000
FISCAL YEAR 2024/5
REVENUE -- BUDGET AMENDMENTS ( YEAR
Increase/ (Decrease)]
2)
Source GL Account Amount
Park Maintenance Services - 1010- 3- 10-79- 01-0 210, 00) Public Works - Maintenance Service 1010- 5- 80- 379- 01-0 210, 00 Park Maintenance Services - Bldg 1010- 3- 20-71- 90- 0 36, 132) Public Works - Building Maint. 1010- 5- 70- 379- 01-0 36, 132 State Grant - GF 2160- 8- 00- 331- 05-0 714, 116
State Grant - GF 2160- 8- 00- 331- 05-0 32, 633
State Grant - Building Safety & Ins 2160- 8- 00- 331- 05-0 40, 000 CDBG 2650- 11- 30-33- 01-2 5, 214
CDBG - Scholarships 2700- 3- 01-33-2 5, 846
CIP GG2502 - CDBG 2650- 11- 30-33- 01-0 83, 756
CIP PW2236 - State Grants 2160- 8- 00- 331- 05-0 3, 000,00) CIP PW2236 - DWR Grants 2900- 8- 00- 331- 05-0 3, 000,00 Capital Improvement Projects Various 31, 691, 024
Revenue Total: 32, 572,89
CITY MANAGER' S REPORT PAGE 6
SEPTEMBER 9, 2024 CITY COUNCIL REGULAR MEETING
FISCAL YEAR ( FY) 2023/4 YEAR- END BUDGET REPORT AND RELATED AMENDMENTS AND AMENDMENTS TO FISCAL YEAR 2024/025 BUDGET EXPENDITURE — BUDGET AMENDMENTS ( YEAR 2)
Increase/( Decrease)
Source L L Account Amount
Community Development 1010- 2- 10- 420- 01- 714, 116
Community Development 1010- 2- 10- 420- 01- 32, 633
Park Maintenance - City Hall 1010- 3- 05- 410- 12- 00 22, 176) Park Maintenance - City Hall Various 396, 45)
Police Services - Animal Center 1010- 4- 15-10-2- 0 22, 176 Public Works - City Hall Various 396, 45
Park Maintenance Services Various 1, 543, 673)
Public Works - Maintenance Service Various 1, 543, 673
Parks Maint. Srvcs - Building Maint. Various 407, 725)
Public Works - Building Maint. Various 407, 725
Building Safety & Inspection 2015- 50- 30- 430- 37- 00 20, 000 Building Safety & Inspection 2015- 50- 30- 435- 20- 00 20, 000 CIP GG2502 - CDBG 3010- 8- 00- 420- 12- 00 83, 756
CIP PS0606 - Local Trans. CFF 3310- 8- 00- 420- 12- 00 500, 00) Capital Improvement Projects Various 33, 247, 852
Expenditure Total: 33, 618, 357
TRANSFER IN - BUDGET AMENDMENTS
Increase/ (Decrease)]
Source GL Account Amount
General Fund - State Grant 1010- 99- 00- 393- 00 714, 116 General Fund - State Grant 1010- 99- 00- 393- 00 91, 357 General Fund - CDBG 1010- 99- 00- 393- 00 11, 060
CIP GG25- 02 - CDBG 3010- 99- 00- 393- 00 83, 756
CIP PS0606 - Local Trans. CFF 3310- 99- 00- 393- 00 500, 00) Transfer Ins Various 6, 580)
Capital Improvement Projects Various 34, 638, 880
Transfer In Total: 35, 032, 589
TRANSFER OUT — BUDGET AMENDMENTS
Increase/ (Decrease) ]
Source GL Account Amount
State Grant - GF 2160- 99- 00- 990-- 1 714, 116
State Grant - GF 2160- 99- 00- 990-- 1 91, 357
CDBG - General Fund 2650- 99- 00- 990-010 5, 214
CDBG - Scholarships 2700- 99- 00- 990-10 5, 846
CIP GG25- 02 - CDBG 2650- 99- 00- 990-- 1 83, 756
CIP PS0606 - Local Trans. CFF 2250- 99- 00- 990-- 1 500, 00) CIP PW2236 - State Grant 2160- 99- 00- 990-0- 1 3, 000,0) CIP PW2236 - DWR Grant 2900- 99- 00- 990-- 1 3, 000,00
Transfer Outs Various 6, 580)
Capital Improvement Projects Various 34, 638, 880
Transfer Out Total: 35, 032, 589
CITY MANAGER' S REPORT PAGE 7
SEPTEMBER 9, 2024 CITY COUNCIL REGULAR MEETING
FISCAL YEAR ( FY) 2023/4 YEAR- END BUDGET REPORT AND RELATED AMENDMENTS AND AMENDMENTS TO FISCAL YEAR 2024/025 BUDGET All proposed FY 2023/4 expenditure adjustments have an offsetting revenue stream; therefore, there is no impact to the projected ending fund balance.
ATTACHMENTS:
A. Resolution Approving the Fiscal Year 2023/4 Year -End Budget Report and Related Amendments and Amending the FY 2024/5 Budget.
CITY MANAGER' S REPORT PAGE 8
SEPTEMBER 9, 2024 CITY COUNCIL REGULAR MEETING
FISCAL YEAR ( FY) 2023/4 YEAR- END BUDGET REPORT AND RELATED AMENDMENTS AND AMENDMENTS TO FISCAL YEAR 2024/5 BUDGET
APPROVALS:
Sandra Frias
Senior Management Analyst
Cari James
Director of finance
Thomas Hedegard
Deputy City Manager
Salvador Navarrete
City Attorney
Date
S " en Salvatore
City Manager
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RESOLUTION NO. 24-
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LATHROP TO APPROVE THE FISCAL YEAR 2023/4 YEAR- END BUDGET REPORT AND RELATED AMENDMENTS AND AMEND TO THE FISCAL YEAR 2024/5
BUDGET
WHEREAS, the City Council of the City of Lathrop adopted the 2023/4and 2024/5 Expenditure Budget on June 14, 2023 by Resolution No. 23- 5322; and WHEREAS, the City Council of the City of Lathrop has amended the 2023/4 Fiscal Year Expenditure Budget in subsequent actions during the fiscal year; and WHEREAS, City Staff have proposed amendments to revenues and expenditures to more accurately project estimates for activity in the General Fund and certain other funds; and
WHEREAS, at the end of Year 1 of the biennial budget, the General Fund unallocated fund balance at June 30, 2024 was estimated to be $ 8. 1 million; and WHEREAS, higher than projected property and sales tax collections combined with lower than budgeted expenditures due to operational efficiencies and salary savings from vacant positions have resulted in a General Fund surplus at the end of fiscal year 2023/4.
NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Lathrop does hereby approve the year- end budget/ position control amendments to the Fiscal Year 2023/4and 2024/5 Operating Budget as shown below and provided in the City Manager' s Report;
FISCAL YEAR 2023/4
REVENUE — BUDGET AMENDMENTS
Increase/ (Decrease)]
Source GL Acco Amount
Measure C - City Services 1060-9- 10- 313- 0-0 59, 006
measure - City Services 1060-9- 10- 361- 01-0 270,65
Culture &acLeisure CFF 2260- 3- 40-18- 03-1 2, 989, 632 CFD 2013- 1 - RI Services 2640- 5- 68- 355- 01- 25 55, 615 CFD 2013- 1 - RI Services 2640- 15-0- 361- 0- 24, 678
CFD 2013- 1 - RI Services 2640- 5- 68- 371- 9- 10 916, 810 CFD 2019- - CLSP Services 2680- 5- 355- 01-0 669, 117)
CIP GG2115 - Developers 2710- 8- 00- 372- 01-0 124, 431) CIP GG2314 - CDBG 2650- 11- 30-33- 01-0 22, 129
CIP PK2002 - State Grant - Prop68 2160- 8- 00- 331- 05-0 52 CIP PS0606 - Developers 2710- 8- 00- 372- 01-0 1, 226, 726 CIP PS1204 - Developers 2710- 8- 00- 372- 01-0 1, 211, 300 Resolution No. 24 - Page 1 of 5
CIP WW2017 - Developers 2710- 8- 00- 372- 01-0 975, 005 CIP WW2224 - State Grant 2160- 8- 00- 331- 05-0 3, 910
CIP RW2416 - Developers 2710- 8- 00- 372- 01-0 19, 725
191801- Developer - CLSP LLC 4010- 89- 99- 371- 9- 00 30,57 190201- Developer - Pacific Union 4100- 89- 99- 371- 9- 00 1, 824 190101- Developer - River Islands 4150- 89- 99- 371- 9- 00 162, 443 190801- Developer - TCN 4170- 89- 99- 371- 91- 00 54, 733 191001- Developer - Richland 4190- 89- 99- 371- 9- 00 14,94 Revenue Total: 7, 244, 856
EXPENDITURE - BUDGET AMENDMENTS
Increase /( Decrease)]
Source GL Account Amount
Measure C - LMFD 2010- 19- 20- 425- 16- 00 30, 850
Public Nuisance 2090- 5- 40-20- 16- 00 1, 927
CFD 2013- 1 - RI Services 2640- 5- 68- 420- 01- 3, 176
CFD 2013- 1 - RI Services 2640- 5- 68- 440- 1- 0 7, 392 CFD 2013- 1 - RI Services 2640- 5- 68- 440-- 0 2, 021
Culture & Leisure CFF Fund - Reimb 2260- 8- 00- 440- 5- 0 2, 402, 690 CIP GG2115 - Developers 3010- 8- 00- 420- 12- 00 124, 431) CIP GG2115 - General Fund 3010- 8- 00- 420- 12- 00 24,04 CIP GG2314 - CDBG 3010- 8- 00- 420- 12- 00 22, 129
CIP PK2002 - State Grant - Prop68 3010- 8- 00- 420- 12- 00 52 CIP PS0606 - Local Transp. CFF 3310- 8- 00- 420- 12- 00 207, 303) CIP PS0606 - Developers 3310- 8- 00- 420- 12- 00 1, 226, 726 CIP PS1204 - Developers 3310- 8- 00- 420- 12- 00 1, 211, 300 CIP PS2318 - LTF 3310- 8- 00- 420- 12- 00 449, 234)
CIP PS2318 - LTF 3310- 8- 00- 420- 12- 00 550, 766)
CIP PS2508 - LTF 3310- 8- 00- 420- 12- 00 550, 766
CIP PS2408 - LTF 3310- 8- 00- 420- 12- 00 297
CIP PS2409 - Measure K 3310- 8- 00- 420- 12- 00 4, 981
CIP WW2017 - Developers 6090- 8- 00- 420- 12- 00 975, 005 CIP WW2224 - State Grant 6090- 8- 00- 420- 12- 00 3, 910 CIP RW2416 - Developers 6091- 80- 00- 420- 12- 00 19, 725 191001- Developer - CLSP LLC 4010- 89- 99- 420- 01- 30,57 190201- Developer - Pacific Union 4100- 89- 99- 420- 9- 0 1, 824 190101- Developer - River Islands 4150- 89- 99- 420- 01- 156, 916 190801- Developer - TCN 4170- 89- 99- 440- 5- 0 54, 733 191001- Developer - Richland 4190- 89- 99- 440- 5- 0 14,94 Expenditure Total: 5, 413,41
TRANSFER IN - BUDGET AMENDMENTS
Increase!( Decrease) ]
Source GL Account Amount
General Fund - CFD 2023- 1 1010- 99- 00- 393- 00 316, 743 Measure C - LMFD 2010- 99- 00- 393- 00 23, 602
CIP GG2115 - Developers 3010- 99- 00- 393- 00 124, 431) CIP GG2115 - General Fund 3010- 99- 00- 393- 00 24,04
Resolution No. 24 - Page 2 of 5
CIP GG2314 - CDBG 3010- 99- 00- 393- 00 22, 129
CIP PK2002 - State Grant - Prop68 3010- 99- 00- 393- 00 52 CIP PS0606 - Local Transp. CFF 3310- 99- 00- 393- 00 207, 303) CIP PS0606 - Developers 3310- 99- 00- 393- 00 1, 226, 726 CIP PS1204 - Developers 3310- 99- 00- 393- 00 1, 211, 300 CIP PS2318 - LTF 3310- 99- 00- 393- 00 449, 234)
CIP PS2408 - LTF 3310- 99- 00- 393- 00- 297
CIP PS2409 - Measure K 3310- 99- 00- 393- 00 4, 981
CIP WW2017 - Developers 6090- 99- 00- 393- 00 975, 005
CIP WW2224 - State Grant 6090- 99- 00- 393- 00- 3, 910
CIP RW2416 - Developers 6091- 99- 00- 393- 00 19, 725
Transfer In Total: 3, 047, 706
TRANSFER OUT - BUDGET AMENDMENTS
Increase/ (Decrease)]
Source GL Account Amount
CFD 2023- 1 - RI Services 2640- 99- 00- 990-- 1 316, 743 Measure C - City Services 1060- 99- 00- 990-- 1 23, 602 CIP GG2115 - Developers 2710- 99- 00- 990-- 1 124, 431) CIP GG2115 - General Fund 1010- 99- 00- 990-- 1 24,04
CIP GG2314 - CDBG 2650- 99- 00- 990-- 1 22, 129
CIP PK2002 - State Grant - Prop68 2160- 99- 00- 990-0- 1 52 CIP PS0606 - Local Transp. CFF 2250- 99- 00- 990-- 1 207, 303) CIP PS0606 - Developers 2710- 99- 00- 990-- 1 1, 226, 726 CIP PS1204 - Developers 2710- 99- 00- 990-- 1 1, 211, 300 CIP PS2318 - Developers 2140- 99- 00- 990-- 1 449, 234) CIP PS2408 - Developers 2140- 99- 00- 990-- 1 297
CIP PS2409 - Measure K 2110- 99- 00- 990-- 1 4, 981
CIP WW2017 - Developers 2710- 99- 00- 990-- 1 975, 005
CIP WW2224 - State Grant 2160- 99- 00- 990-- 1 3, 910
CIP RW2416 - Developers 2710- 99- 00- 990-- 1 19, 725
Transfer Out Total: 3, 047, 706
FUND BALANCE RESERVES - BUDGET AMENDMENTS
Increase% ( Decrease) ]
Source GL Account Amount
General Fund - Street Repair 1010- 251- 03-0 5, 000,00
General Fund - Sidewalk Repair 1010- 251- 03-1 1, 300, 000 General Fund - Corporation Yard 1010- 251- 10- 00 4, 000,00 Fund Balance Reserves Total: 10, 300, 000
FISCAL YEAR 2024/5
REVENUE - BUDGET AMENDMENTS YEAR 2)
Increase /( Decrease)]
Source GL Account Amount
Park Maintenance Services - 1010- 3- 10-79- 01-0 210, 00) Public Works - Maintenance Service 1010- 5- 80- 379- 01-0 210, 00 Resolution No. 24 - Page 3 of 5
Park Maintenance Services - Bldg 1010- 3- 20-71- 90- 0 36, 132) Public Works - Building Maint. 1010- 5- 70- 379- 01-0 36, 132 State Grant - GF 2160- 8- 00- 331- 05-0 714, 116
State Grant - GF 2160- 8- 00- 331- 05-0 32, 633
State Grant - Building Safety & Ins 2160- 8- 00- 331- 05-0 40, 000 CDBG 2650- 11- 30-33- 01-2 5, 214
CDBG - Scholarships 2700- 3- 01-33-2 5, 846
CIP GG2502 - CDBG 2650- 11- 30-33- 01-0 83, 756
CIP PW2236 - State Grants 2160- 8- 00- 331- 05-0 3, 000,00) CIP PW2236 - DWR Grants 2900- 8- 00- 331- 05-0 3, 000,00 Capital Improvement Projects Various 31, 691, 024
Revenue Total: 32, 572,89
Resolution No. 24- Page 4 of 5
The foregoing resolution was passed and adopted this 9th day of September 2024, by the following vote of the City Council, to wit:
AYES:
NOES:
ABSENT:
ABSTAIN:
Sonny Dhaliwal, Mayor
ATTEST: APPROVED AS TO FORM:
Teresa Vargas, City Clerk Salvador Navarrete, City Attorney Resolution No. 24- Page 5 of 5
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