Reso. No.
RESOLUTION NO. ________
A RESOLUTION OF THE COUNCIL OF THE CITY OF RICHMOND, CALIFORNIA, ADOPTING THE FISCAL YEAR 2023-24 FOR QUARTER 1 BUDGET 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, the City’s budget was originally adopted on June 20, 2023; and
WHEREAS, the City’s first quarter budget report is received to monitor budget to actual trends between the time period of July 1, 2023 and September 30,2023; and
WHEREAS, the City Council has reviewed the proposed budget adjustments in the first first quarter budget report; and at a public meeting on November 28, 2023; and
NOW, THEREFORE, BE IT RESOLVED, that the Council of the City of Richmond, California hereby adopts the resolution to receive the City’s first quarter budget report and approve the proposed budget adjustments set forth in Table 1, below:
Table 1: Budget Adjustments
**********************
I certify that the foregoing resolution was passed and adopted by the City Council of the City of Richmond at a regular meeting thereof held November 728, 2023, by the following vote:
AYES:
Fund Fund Description Fund Type
Revenue
Increase/
(Decrease)
Expense
Increase/
(Decrease)
Net Impact Justification
Non-General Fund Requests
1306 American Rescue Plan
Act (ARPA) 17,490 (17,490)
Community Needs Assessment and Strategic
Investment Plan (SIP), FY2022-23 balance
needed for payment of prior year invoices
1304 Emergency Operations
and Disaster Recovery Special Revenue 239,000 (239,000) Emergency Operations and Disaster
Operations Fund – City staff is proposing to
appropriate budget balance from FY2022-23
to continue with tree removal in areas
impacted from last year's winter storms
1054 Engineering Grants Fund Capital Improvement 2,500 2,500 - Appropriate balance of grant award for the
Greenway Rehabilitation and Bike Education
Project
2116 Park Open Space Impact
Fee Fund Capital Improvement 80,000 (80,000)
Reinstate budget for SF Bay Trail Project,
$80K was used to begin Richmond Soccer
Field Study
4001 Port of Richmond Fund Enterprise 141,894 (141,894) Appropriate budget balance from FY2022-23
for the Cafeteria Building Winterization
Project
Total Non-General Fund Requests 2,500 480,884 (478,384)
Reso. No.
NOES:
ABSTENTIONS:
ABSENT:
______________________________
City Clerk of the City of Richmond
(SEAL)
Approved:
__________________________________
Mayor
Approved as to form:
___________________________________
City Attorney