RESOLUTION NO. _____
RESOLUTION OF THE COUNCIL OF THE CITY OF RICHMOND, CALIFORNIA, ADOPTING THE FISCAL YEAR 2023-2024 OPERATING BUDGET
WHEREAS, pursuant to Section 1(b) of Article IV of the Richmond City Charter the City Manager is required to prepa re 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 2022-2023 and any remaining amounts shall be credited against their respective fund balances except for any encumbered amounts for s pecific obligations outstanding at the end of said Fiscal Year; and
WHEREAS, all grants received per the attached grants listing shall be appropriated and spent according to grant guidelines; and
WHEREAS, the City Council has reviewed the proposed budget for Fiscal Year 2023-2024 at public meetings on May 2, May 23, and June 6, 2023; and
NOW, THEREFORE, BE IT RESOLVED, that the City Council hereby adopts the 2023-2024 Operating Budget for the following funds:
Fund Budget
General Fund 225,374,607
Capital Improvement Funds 70,620,921
Debt Service Funds 19,174,878
Enterprise Funds 86,084,855
Housing Funds 6,249,305
Richmond Housing Authority Funds 5,570,438
Internal Service Funds 36,799,838
Other Operations Funds 33,182,604
Pension Funds 0
Special Revenue Funds 68,422,088
Total All Funds 551,479,535
BE IT FURTHER RESOLVED, that the budget for the Capital Improvement Funds will be adopted as a separate document.
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I certify that the foregoing resolution was passed and adopted by the Council of the City of Richmond, California, at a regular meeting thereof held June ___, 2023, by the following vote:
AYES:
NOES:
ABSTENTIONS:
ABSENT:
____________________________________
CLERK OF THE CITY OF
RICHMOND
(SEAL)
Approved:
_________________________________
Mayor
Approved as to Form:
_________________________________
City Attorney