Attachment 1 - Resolution_ Mid-Year 2021-22
RESOLUTION NO. ________
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RICHMOND ADOPTING FISCAL YEAR 2021-22 MID-YEAR BUDGET AND ADJUSTMENTS
WHEREAS, pursuant to Section 1(b) of Article IV of the Richmond City Charter the City Manager is required to prepare an annual budget for the review and approval by the City Council; and
WHEREAS, all appropriations for the prior fiscal years shall lapse at the end of Fiscal Year 2021-22 and any remaining amounts shall be credited against their respective fund balances except for any encumbered amounts for specific obligations outstanding at the end of said Fiscal Year; and
WHEREAS, the City Council has reviewed the proposed mid-year budget and adjustments for the Fiscal Year 2021-22 at a public meeting on March 1, 2022.
NOW, THEREFORE, BE IT RESOLVED, that the City Council hereby adopts the FY2021-22 Mid-Year Budget for the following funds:
General Fund 190,422,915
Other Operating 25,357,561
Special Revenues 18,168,415
Capital Improvement 33,661,692
Debt Service 21,604,190
Enterprise 39,339,830
Internal Service 31,969,993
Housing Department 3,509,880
RHA 4,763,120
Pension 357,756
Total 369,155,352
BE IT FURTHER RESOLVED, that the City Council hereby adopts the FY2021-22 Mid-Year Budget adjustments in the following amounts:
Fund Description
Revenue
Adjustments
Increase/
(Decrease)
Expense
Adjustments
Increase/
(Decrease) Net Impact
GENERAL FUND
Attachment 1 - Resolution_ Mid-Year 2021-22
Total General Fund Requests $1,952,119 $8,294,911 $6,342,792
NON-GENERAL FUND
Employment & Training 1,992,371 12,371 1,980,000
Equipment Services 355,000 175,000 180,000
Fire Impact Fee 27,634 27,634
General Capital 1,520,000 (2,384,726) 3,904,726
Grants 161,707 62,888 98,819
Hilltop Landscape Maintenance District 47,000 (47,000) Housing Admin Prof Services 480,000 (480,000)
Insurance Reserves 16,886,431 8,330,539 8,555,892
KCRT 35,999 (35,999)
Library Impact Fee 36,302 36,302
Marina Bay Landscape & Lighting 47,000 (47,000)
Non-Departmental 1,291,760 (521,142) 1,812,902
Park Impact Fee 2,160 2,160
Parks Open Space Impact Fee 43,899 43,899
Planning & Building Cost Recovery 1,800,000 1,800,000 Police Impact Fee 152,496 152,496
Port 38 44,000 (43,962)
Recreation Impact Fee 10,527 10,527
Stormwater Impact Fee 109,195 109,195
Traffic Impact Fee 227,990 227,990
Wastewater 325,313 325,313
Wastewater Impact Fee 173,118 173,118
Richmond Housing Authority (349,975) (349,975) 0
Total Non-General Fund Requests 24,765,966 5,978,954 18,787,012
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I certify that the foregoing resolution was passed and adopted by the City Council of the City of Richmond at a _________ meeting held on _____________ by the following vote:
Attachment 1 - Resolution_ Mid-Year 2021-22
AYES:
NOES:
ABSTENTIONS:
ABSENT:
________________________________________
Clerk of the City of Richmond
(SEAL)
Approved:
_______________________________
Mayor
Approved as to form:
____________________________
City Attorney