RESOLUTION NO. ____
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RICHMOND, CALIFORNIA, APPROVING THE FISCAL YEARS 2022-23 THROUGH 2026-27 CAPITAL IMPROVEMENT PLAN AND ADOPTING THE FISCAL YEAR 2022-23 BUDGET FOR
THE CAPITAL IMPROVEMENT FUNDS
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WHEREAS, a balanced Budget for the City of Richmond has been prepared for Fiscal Year 2021-22 and presented to the City Council pursuant to Article IV, Section 1 ( b) of the Charter of the City of Richmond; and
WHEREAS, a Capital Improvement Plan for Fiscal Years 20 22-23 through 2026-27 has been prepared; and
WHEREAS, the budget for the Capital Improvement Funds for the 20 22-23 Fiscal Year has been prepared; and
WHEREAS, all appropriations for the prior fiscal year shall lapse at the end of Fiscal Year 20 21-22 and any remaining amounts shall be credit ed against their respective fund balances, except for:
a. Any unexpected but encumbered amounts or specific orders outstanding at the end of the Fiscal Year; and
b. Any app ropriations for incomplete capital projects including the Municipal Sewer District at the end of Fiscal Year 2021-22; and
WHEREAS, for these exceptions, such carry -overs may be made without any further City Council action; and
WHEREAS, the City Council needs to approve the following expenditures for the Fiscal Year 2022-23 Capital Improvement budget:
a. Project expenditures in the amount of $37,256,854 for the Fiscal Year FY2022-23 of the Capital Improvement Plan.
NOW THEREFORE, BE IT RESOLVED that the City Council of the City of Richmond hereby (1) approves the Capital Impro vement Plan for Fiscal Years 202 2-23 through 2026-27; (2) adopts the budget for the Capital Improvement Funds for the 20 22-23 Fiscal Year; and (3) authorizes the City Manager to place appropriations and estimated revenues in effect on July 1, 2022 and as shown in the FY2022-23 Capital Improvement Budget.
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I hereby certify that the foregoing resolution of the Council of the City o f Richmond was duly passed and adopted at the regular meeting thereof held June ____, 2022 by the following vote:
AYES:
NOES:
ABSTENTIONS:
ABSENT:
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Clerk of the City of Richmond
(SEAL)
Approved:
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Mayor
Approved as to form:
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City Attorney