Fiscal Year 2023-24 Mid-Year Budget Review
Shasa Curl, Nickie Mastay, Andrea Miller,Mubeen Qader, Jerry Gurule & Antonio Banuelos 1 Overview
Economic Overview
General Fund Proposed Revenue Adjustments
Funding Update – ACFR & Additional Revenue Projections
General Fund Mid-Year Budget Review
Capital Improvement Projects Update
Non-General Fund Mid-Year Budget Review
Next Steps & Questions
2 Recommended Action
3 RECEIVE the FY 2023-24 Mid-Year budget presentation
and report for the period of July 1, 2023, through
December 31, 2023; and PROVIDE direction to staff.
The US economy is on its final descent to a soft landing 4 With inflation falling and the job
market buoyant, Goldman Sachs
Research forecasts that the Fed will
keep rates steady until a rate cut in
the last quarter of 2024. Our
economists expect that policy
decision to be followed by a 25-basis-
point cut per quarter until the fed
funds rate reaches 3.5-3.75%
(compared with 5.25-5.5% now) in
the second quarter of 2026.
*Personal Consumption Expenditures (PCE) includes the price of all medical goods and services purchased by employer-provided insurance as well as public programs such as Medicare.
**CPI only includes medical items purchased out-of-pocket by households. ***Source: https://www.goldmansachs.com/intelligence/pages/the-us-economy-is-on-its-final-descent-to-a-soft-landing.html 10-Years City of Richmond Unemployment Rate
5 7.5
6 5.1
4.5 3.6 3.6 3.2
10.4 5.2
3.4 4.9
0 2
4 6
8 10
12 2013 Dec
2014 Dec
2015 Dec
2016 Dec
2017 Dec
2018 Dec
2019 Dec
2020 Dec
2021 Dec
2022 Dec
2023 Dec
Unemployment Rate
Year/MonthRichmond California USA
Source: https://www.bls.gov/data
10-Year General Fund Revenue and Expenditures - Inflation Adjusted
6Source: https://www.bls.gov/data/inflation_calculator.htm 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Revenue 178,965,378 170,022,472 180,998,021 185,485,113 204,699,251 197,505,859 206,855,208 204,590,849 211,578,430 209,452,941 226,379,776 Expenditure 179,661,865 181,661,193 179,443,695 184,579,162 197,201,367 197,246,712 205,685,150 202,799,703 199,455,378 188,928,995 210,103,490 Revenue Percentage Change 0 -5% 6% 2% 10% -4% 5% -1% 3% -1% 8% Expenditure Percentage Change 0 1% -1% 3% 7% 0% 4% -1% -2% -5% 11% (50)
-
50 100
150
200
250Millions
Year
General Fund Proposed Revenue Adjustment – Assumptions
7 • Amounts received year to date are compared to historical data • Secured Property Tax Revenue is based on Assessed Valuation, amount received through December represents 55% of the total amount remitted by the county
• Sales and Use Tax adjustment is based on forecast from City's Sales Tax Consultant
• Gas and Electricity Utility Use Tax increasing based on increased rates from PG&E and historical data
• Other Tax increase based on new PG&E Franchise Agreement • Measure U Business Tax Adjusted based onfirst full year of actuals FY 2023-24 Available Funding Update and Recommendation
8 Amount
ACFR Additional Unspent Funds (Above 21% Reserve Level) (6,879,432) Projected Mid-Year 23-24 Revenue Increase (9,005,680)
Total Available (15,885,112)
Recommendation:
Mid-Year Proposed Expenditures Adjustments 7,102,426
Capital Improvement Projects 8,782,686
Total Appropriations 15,885,112
General Fund: Remaining Unspent Funds at Close of FY 2022-23 9 Estimated
Year-End
FY 22-23*
Final
Year-End
FY 22-23
Beginning
FY 23-24
Fund Balance 47,328,667 55,196,962 55,196,962
Minimum Required 21% 47,328,667 47,328,667 47,328,667
Fund Balance above 21%
Reserve - 7,868,295 7,868,295
Other Appropriations
Fire CAD System Upgrade (Allocated by Council) (438,863) Street Sweeping Signs (Allocated by Council) (550,000)
Fund Balance above 21%
Reserve 6,879,432
10 General Fund – FY 2023-24 Mid-Year Revenue Budget Adjustments
CATEGORY
PROPOSED
BUDGET
ADJUSTMENTS
PERCENTAGE
CHANGE DESCRIPTION/ASSUMPTIONS
PROPERTY TAXES (1,614,181) 3% Higher Assessed Valuation growth SALES & USE TAX (1,144,846) 2% Revised forecast from City's Sales Tax Consultant UTILITY USERS TAX (2,162,928) 4% UUT from Gas & Electricity higher than expected OTHER TAXES (906,654) 4% New PG&E Franchise Agreement
LICENSES, PERMITS & FEES (2,492,980) 19% Revised Measure U revenue based on first full year FINES & FORFEITURES 179,70 -54% Municipal Court Fee trending lower USE OF MONEY&PROPRTY (784,886) 78% Investment Income increase due to higher rates CHARGES FOR SERVICES 25,00 -1% Parking Citations trending lower INTERGOV STATE GRANT (73,911) 67% State Of California Police Officers Standards Training Reimbursements
INTERGOV OTHER GRANT (30,000) 12% State Of California Supplemental Law Enforcement Reimbursements
TOTAL REVENUES (9,005,680)
4%
General Fund: Mid-Year 2023-24 Revenue Adjustments
11 CATEGORY
FY 2023-24
ORIGINAL
BUDGET
FY 2023-24
REVISED BUDGET YTD ACTUALS
% USED
W/O
ENCUMB.
% USED W.
ENCUMB.
PROPOSED
BUDGET
ADJUSTMENTS
MID-YEAR
PROPOSED
BUDGET
PROPERTY TAXES (50,567,173) (50,567,173) (23,877,788) 47.2% 47.2% (1,614,181) (52,181,354) SALES & USE TAX (56,752,495) (56,752,495) (15,864,789) 28.0% 28.0% (1,144,846) (57,897,341) UTILITY USERS TAX (55,775,083) (55,775,083) (31,341,319) 56.2% 56.2% (2,162,928) (57,938,011) OTHER TAXES (23,237,723) (23,237,723) (3,542,186) 15.2% 15.2% (906,654) (24,144,377) LICENSES, PERMITS & FEES (13,286,195) (13,286,195) (2,006,437) 15.1% 15.1% (2,492,980) (15,779,175) FINES & FORFEITURES (331,144) (331,144) (70,194) 21.2% 21.2% 179,706 (151,438) USE OF MONEY&PROPRTY (1,011,535) (1,011,535) (877,697) 86.8% 86.8% (784,886) (1,796,421) CHARGES FOR SERVICES (2,561,992) (2,561,992) (949,409) 37.1% 37.1% 25,000 (2,536,992) OTHER REVENUE (238,480) (238,480) (137,190) 57.5% 57.5% - (238,480) RENTAL INCOME (777,028) (777,028) (549,296) 70.7% 70.7% - (777,028) INTERGOV STATE TAXES (125,000) (125,000) - 0.0% 0.0% - (125,000) INTERGOV STATE GRANT (110,000) (110,000) (148,524) 135.0% 135.0% (73,911) (183,911) INTERGOV OTHER GRANT (250,000) (250,000) (200,818) 80.3% 80.3% (30,000) (280,000) PROC FR SLE PROP - - (62,711) - - - -
LOAN/BOND PROCEEDS (40,400) (40,400) - 0.0% 0.0% - (40,400) OPER XFERS IN (20,310,358) (20,310,358) (20,266,966) 99.8% 99.8% - (20,310,358) TOTAL REVENUES (225,374,607) (225,374,607) (99,895,323) 44.3% 44.3% (9,005,680) (234,380,287) 12 Recommendation: General Fund – FY 2023-24 Mid-Year Expenditure Budget Adjustments
Line
# Department
Increase
/
Decrease
Proposed
Mid-Year
Adjustment
Description
1 City Attorney Increase 20,000 Part-Time Staff - Support in-house attorneys and assist in implementing IManage
2 Community Development/Code
Enforcement Increase 20,000 Overtime General - Evening, Weekends and After-hour Investigations, Inspections and Community Outreach
3 Fire Increase 652,900 Fire Overtime - Increase due to Vacancies, Injury leave and Contract Changes
4 Fire Increase 225,000 Firefighter Annual Physical Exams, Hazmat Tech Training, Annual Refresher and Equipment Replacement
5 Fire Increase 108,000 VHF Radios Required by Cal OES
6 Community Services Increase 274,489 Neighborhood Activities, Community Build Activities 7 Community Services/Recreation Increase 49,753 Additional Position - Administrative Assistant, Grant Funded Term Position - ECIA
8 Internal Services/Information
Technology Increase 382,000 Professional Services, Network Infrastructure, Cyber Security, Licensing, and Digital Mapping Modernization
13 Recommendation: General Fund – FY 2023-24 Mid-Year Expenditure Budget Adjustments(Continued)
Line
# Department
Increase
/
Decrease
Proposed
Mid-Year
Adjustment
Description
9 Internal Services/Information
Technology Increase 294,000 Audio Video Equipment Replacement And Installation 10 Internal Services/Information
Technology Increase 40,000 Tyler Technologies Professional Services To Create Reports 11 Internal Services/Information
Technology Increase 42,000 Professional Service Copier Machines 12 Public Works Increase 35,000 Professional Services, Street Vacation Program Consultant 13 Public Works Increase 72,018 Additional Position - Assistant Engineer 14 Public Works Increase 525,000 Gas & Fuel Heating Expense 15 Public Works Increase 300,000 Building Roof & Maintenance 16 Public Works Increase 30,000 Two Maintenance Aide Part Time Staff. 17 Public Works Increase 300,000 Street Light Repairs
14 Recommendation: General Fund – FY 2023-24 Mid-Year Expenditure Budget Adjustments(Continued)
Line # Department
Increase
/
Decrease
Proposed
Mid-Year
Adjustment
Description
18 Public Works Increase 400,000 Via Verdi Mitigation (CIP) 19 Public Works Increase 60,000 Dornan Tunnel Lighting (CIP) 20 Public Works Increase 200,000 Civic Center Plaza Landscaping (CIP-Design) 21 Public Works Increase 75,000 Abatements, Fencing, Boulder, K-Rails, Other 22 Public Works Increase 500,000 City-Wide Facilities Needs Assessment 23 Public Works Increase 37,500 Corp Yard Fence (Design) due to increase in burglaries 24 Police Increase 37,500 Corp Yard Security Cameras (Design) due to increase in burglaries 25 Police Increase 1,979,851 Police and Emergency Dispatch Center Overtime - Increase due to Vacancies within the department Approx. 20%
15 Line # Department
Increase
/
Decrease
Proposed
Mid-Year
Adjustment
Description
26 Community Services/Employment &
Training Increase 150,495 General Fund Subsidy for Cost Pool Charges not covered by Grant Revenue
27 Community Services/Employment &
Training Increase 236,211 One Time Adjustment to Cover Prior Years' Expenditures not Covered by Grants
28 Economic Development Decrease (11,529) 12th and Macdonald Exclusive Right To Negotiate Agreement/ Developer Deposit
29 Cost Pool/A87 Increase 17,238 Cost Allocation Plan Overhead Charges Adjustment 30 Community Services - Transportation (38) Decrease (97,500) Support to Transportation Fund(1003) 31 Community Services - Transportation (38) Increase 97,500 Support to Transportation Fund(1003) - Transfer Out of General Fund
32 Non-Departmental Increase 50,000 Employee Retention And Appreciation Activities
GENERAL FUND EXPENDITURE REQUEST -
SUBTOTAL 7,102,426
33 Non-Departmental Increase 2,671,322
One time contribution from prior years unspent funds to the OPEB and Pension 115 trust accounts per the prefunding
policies
NET ADJUSTMENTS - GENERAL FUND REQUESTS 9,773,748
Recommendation: General Fund – FY 2023-24 Mid-Year Expenditure Budget Adjustments(Continued)
General Fund Expenditure Budget
16 GENERAL FUND
FY 2023-24
ORIGINAL
BUDGET
FY 2023-24
REVISED BUDGET
YTD
ACTUALS
% USED W/O
ENCUMB.
% USED W.
ENCUMB.
PROPOSED
BUDGET
ADJUSTMENTS
MID-YEAR
PROPOSED
BUDGET
SALARIES AND WAGES 83,345,132 83,181,052 39,413,373 47.4% 47.4% 2,746,272 85,927,324 PYROLL/FRINGE BENEFIT 62,867,833 62,866,974 29,285,450 46.6% 46.6% 2,671,322 65,538,296 PROFESSIONAL & ADMIN COSTS 20,302,711 20,874,642 5,274,821 25.3% 47.5% 612,471 21,487,114 OTHER OPERATING 8,611,971 8,644,492 2,718,776 31.5% 56.0% 473,239 9,117,731 UTILITIES 5,288,272 5,153,706 2,597,648 50.4% 57.3% 525,000 5,678,706 EQUIPMENT & CONTRACT SERVICES 5,918,655 5,251,708 1,397,456 26.6% 37.5% 640,000 5,891,708 PROVISN FOR INS LOSS 34,200 34,200 29,572 86.5% 86.5% - 34,200 COST POOL 21,593,734 21,593,734 10,806,533 50.0% 50.0% - 21,593,734 ASSET/CAPITAL OUTLAY 1,893,500 2,694,363 1,121,993 41.6% 53.3% - 2,694,363 DEBT SVC EXPENDITURE 841,353 841,353 418,000 49.7% 49.7% - 841,353 A87 COST PLAN REIMBS (3,531,611) (3,531,611) (1,827,819) 51.8% 51.8% 17,238 (3,514,373) GRANT EXPENDITURES 19,155 19,155 (1,625) -8.5% 24.3% - 19,155 OPER XFERS OUT 18,189,702 27,709,920 18,468,514 66.6% 66.6% 2,088,206 29,798,126 TOTAL EXPENSES 225,374,607 235,333,687 109,702,690 46.6% 50.0% 9,773,748 245,107,435 Proposed Positions Included in the Recommendation
17 Department Mid-Year
Adjustment Notes
COMMUNITY DEVELOPMENT (Planning & Building, Code Enforcement, Housing, Successor Agency) Building Inspector (Cost Recovery) 1 Additional Position Requested Plan Checking Engineer (Cost Recovery) 1 Additional Position Requested COMMUNITY SERVICES (Employment & Training)
Admin Trainee (Grant Funded) 2 Additional Positions Requested COMMUNITY SERVICES (Administration)
Administrative Assistant (Grant Funded) 1 Additional Position Requested COMMUNITY SERVICES (Community Crisis Response)
Administrative Analyst/Associate (General Fund) 1 Additional Position Requested Community Intervention Specialists/EMTs (General Fund) 8 Additional Positions Requested Mental Health Clinician (General Fund) 1 Additional Position Requested
DEPARTMENT OF CHILDREN AND YOUTH
Community Services Technician I/II (General Fund Measures E & K) 1 Additional Position Requested
PUBLIC WORKS
Assistant Engineer (Cost Recovery) 1 Additional Position Requested Total Full Time Equivalents 17
18 CIP Dashboard Launch - Live Demonstration
To View See URL: https://experience.arcgis.com/experience/86362b12585448b583b74a3a2ae32745/ 19 Capital Projects with Immediate Funding Needs
Multi-Year Projects Included in Attach.
4 of Staff Report Additional Requests
1 Richmond Tunnel Lighting 60,000 500,000
2 Corp Yard Fuel Site - 250,000
3 Station 63 - 300,000
4 Annual Roof Improvements 300,000
5 Street Light Improvements 300,000 200,000
6 Corp Yard Fence Replacement and Security 75,000 400,000 7 Hilltop Green Fire Emergency Exit Route 50,000
8 Via Verde Mitigation 400,000 4,100,000
9 Civic Center Plaza Landscape 200,000
10 Traffic Calming (locations 1-18)/Complete Streets/Paving 500,000 1,100,000 11 Booker T. Anderson - Transformer Pole Removal - 150,000 12 Harbour 8 Park (LEED Cert. & Living Preview Bike Detour) - 350,000 13 CIP Management Software - 50,000
14 Abatement, Fencing, Boulder, K-Rails, Others 75,000
15 Bridge Preventative Maintenace (CIP#23G02) 40,000
16 37th Street Improvement (CIP#29105) 50,000
17 Nevin Ave. from 19th to 27th St (CIP#07001) 50,000
18 Street Signs, Traffic Signals & Street Light Poles data Collection/Management 540,081 Subtotal 1,910,000 8,130,081
CIP Public Art Requirement 150,601
5% Project Management included in Subtotal Amount Mid-Year 502,004 Total Additional Amount Mid-Year 8,782,686
Funds Available 8,782,686
Balance -
* City Staff will further explain this slide during the Council meeting 20 Capital Projects with Future Funding Needs
Multi-Year Projects Next Year
FY 2024-25
1 Corp Yard Fuel Site 1,250,000
2 Station 63 3,000,000
3 Urban Greening Master Plan Update 300,000
4 Parks Master Plan Update 300,000
5 Annual Roof Improvements 2,000,000
6 Street Light Improvements 2,000,000
7 Facility Needs Assessment 500,000
8 Civic Center Plaza Landscape 2,000,000
9 Traffic Calming (locations 1-18)/Complete Streets/Paving 1,500,000 10 Harbour 8 Park (LEED Cert. & Living Preview Bike Detour) 700,000 11 CIP Management Software 100,000
12 Street Paving 11,000,000
Subtotal 24,650,000
Public Art Requirement (1.5%) 369,750
5% Project Management 1,232,500
Total Additional Amount Mid-Year 26,252,250
Funds Available 0
Balance (26,252,250)
21 Unfunded Capital Projects (Rough Order of Magnitude) Department Project Estimated
Amount
Public Works Martin Luther King (MLK) Jr. Community Center 15,000,000 Auditorium Various Improvements 9,000,000
Parks Yard Fuel Site Upgrades 1,5800,000
Regatta and S34th Wayside Horn 250,000
Richmond Electrical Pull-Box Replacement 215,000
Richmond Parkway 4,500,000
Traffic Signals LED light replacement 250,000
Community Services Replace Windows at the Recreation Complex (energy efficient) 200,000 Fire Department Fire Department Regional Training Center 2,000,000 Replace Station 66 8,000,000
Replace Station 67 8,000,000
Training Tower at New Facility 800,000
Information Technology Broadband Accessibility Project 500,000 Computer Replacement/Upgrades 3,000,000
Fiber Expansion 1,800,000
Police New Public Safety and Community Services Building 80,000,000 Economic Development Marina Bay Switchgear Replacement 700,000 Total 135,795,000
Current Unfunded CIP , Which Will Continue to Increase Over Time 22 Nov 2022
The City Council
approved 18 project
locations to create
concepts for the design,
bidding, and
construction phases.
Spring 2023
New Public Works
Engineering staff joined
the City.
Staff worked with
finance to address
accounting and contract
issues with the
Transportation
Consultants to proceed
with concept
development and
proceeding phases.
Summer 2023
Release Traffic Calming
Program website which
received over +150
requests in three
months.
Created temporary
back-end database to
track and monitor
requests.
Completed Constructed
for 1 Speed-Hump
Project and completed
2 Pilot Side-show
Deterrent Project
designs.
Fall 2023
Transportation
Consultants developed
a process for evaluating
traffic calming requests
to ensure uniform
analysis for inquires.
Staff and transportation
consultants began
collaborating on a beta
prioritization profile
map.
Current
Completed
Construction for 2
Speed-Hump Projects
and completed 1
Speed-Hump Project
design.
Scheduling construction
for 2 Pilot Side-show
Deterrent and 1 Speed-
Hump Project.
Programmed remaining
12 locations for project
concept through
construction delivery.
Traffic Calming 18 Projects
FY2023-2024 Update
23 Update on Traffic Calming Map:
18 Project Locations
[Insert Project Map]
Traffic Calming
Completed Locations: Speed Humps
#4 Esmond Ave between 24th St
and 26th St
24 #7 32nd St between Garvin Ave
and Clinton Ave
#13 State Ave and 49th St
Traffic Calming Project Tracker:
Public Works Operations - 10 of 18 Locations
25 Priority
No.
Location(s) Type Deliverable Status
18 Barrett Ave and Key Blvd Pilot Sideshow Deterrence Public Works Operations Design – Winter 2023 12 S 55th St Speed Humps Public Works Operations Construction – Spring 2024 5 S 37th St and Wall Ave Pilot Sideshow Deterrence Public Works Operations Construction – Spring 2024 4 Esmond Ave between 24th St and 26th St Speed Humps Public Works Operations Completed – Sept. 2023 7 32nd St between Garvin Ave and Clinton
Ave Speed Humps Public Works Operations Completed – Dec. 2023 13 State Ave and 49th St Speed Humps Public Works Operations Completed – Jan. 2024 2 Carlson Blvd and Carl Ave Rapid Flashing Beacon Others - #23033 Carlson Blvd Pavement Improvement Project
Planning - Request for
Proposal Design
8 Mariposa St and Carl Ave Drainage Issue Others – Traffic Safety Improvements Project
Planning - Request for
Proposal Design
9 I-580 and Bayview Ave Sidewalk Repair Others - ADA Sidewalk Program Planning - Request for Proposal Design
17 Three Rail Crossings: Point Richmond Rail Crossing Safety and Traffic Others - RFP Larger Study Planning - Request for Proposal Study
* From Fehr & Peer Report
Traffic Calming Project Tracker:
Fehr & Peers 8 of 18 Locations - Continued
26 Priority No. Location(s) Type March April May June Summer Fall Winter 1 15th St / Macdonald Ave Rapid Flashing Beacon
3 16th St / Macdonald Ave Rapid Flashing Beacon
6 Merced St / Carl Ave Striping and Signage
10 29th St / Vale Rd Striping and Signage
11 41st / 42nd St Striping and Signage
14 Carlson Blvd / Sutter Ave Rapid Flashing Beacon
15 Carlson Blvd / Shasta St Rapid Flashing Beacon
16 Carlson Blvd / Tehama Ave Rapid Flashing Beacon
Bid-Award
Construction
Completed
Data Collection, Field Visit, Analysis
Draft Plans, Specifications and Estimate
Final Plans, Specifications and Estimate
Non-General Fund Revenue
27 FUND TYPE ORIGINAL
BUDGET
REVISED
BUDGET YTD ACTUALS % USED W/O
ENCUMB
% USED W.
ENCUMB.
PROPOSED
BUDGET
ADJUSTMENTS
MID-YEAR
PROPOSED
BUDGET
Total Capital Improvement Fund (45,085,732) (71,470,814) (17,472,931) 24.4% 24.4% (2,580,220) (74,051,034) Total Debt Service Funds (19,551,216) (19,551,216) (11,144,364) 57.0% 57.0% - (19,551,216) Total Enterprise Funds (41,443,141) (41,443,141) (22,371,972) 54.0% 54.0% (50,000) (41,493,141) Total Housing Funds (1,911,772) (1,911,772) (1,549,885) 81.1% 81.1% - (1,911,772) Total Housing Authority Funds (5,563,388) (5,563,388) (1,871,990) 33.6% 33.6% 13,466 (5,549,922) Total Internal Service Funds (30,919,340) (30,919,340) (15,852,074) 51.3% 51.3% - (30,919,340) Total Other Operations Funds (32,931,748) (43,108,672) (9,902,080) 23.0% 23.0% (634,206) (43,742,878) Total Special Revenue Funds (52,120,364) (87,299,299) (19,217,299) 22.0% 22.0% (239,753) (87,539,052) Total All Funds (229,526,702) (301,267,643) (99,382,594) 33.0% 33.0% (3,490,713) (304,758,356) Non-General Fund Expenditures
28 FUND TYPE ORIGINAL
BUDGET
REVISED
BUDGET YTD ACTUALS
% USED
W/O
ENCUMB.
% USED
W.
ENCUMB.
PROPOSED
BUDGET
ADJUSTMENTS
MID-YEAR
PROPOSED
BUDGET
Total Capital Improvement Funds 71,270,921 111,411,564 10,404,344 9% 29% 2,322,366 113,733,930 Total Debt Service Funds 19,174,878 19,174,878 13,060,596 68% 68% - 19,174,878 Total Enterprise Funds 86,084,855 99,763,707 21,473,602 22% 33% 1,113,629 100,877,336 Total Housing Funds 6,249,305 6,275,149 399,622 6% 8% - 6,275,149 Total Housing Authority Funds 5,570,438 5,570,438 1,941,276 35% 38% 193,072 5,763,510 Total Internal Service Funds 36,799,838 42,901,280 15,455,762 36% 52% - 42,901,280 Total Other Operations Funds 33,182,604 47,788,104 12,021,464 25% 40% 674,918 48,463,022 Total Special Revenue Funds 68,197,088 119,828,961 29,390,808 25% 30% 431,361 120,260,322 Total All Funds 326,529,928 452,714,081 104,147,475 23% 35% 4,735,346 457,449,427 Next Steps
29 Adopt the Mid-Year FY 2023-24 Budget on March 5th.
Recommended Action
30 RECEIVE the FY 2023-24 Mid-Year budget
presentation and report for the period of July 1,
2023, through December 31, 2023; and
PROVIDE direction to staff.
Thank You
&
Questions!
31