Attachment 9 - Resolution Mid-Year Budget Review Fiscal Year 2023-24 RESOLUTION NO. ________
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RICHMOND ADOPTING FISCAL YEAR 2023-24 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 2023-24 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 2023-24 at a public meeting on February 27, 2024.
NOW, THEREFORE, BE IT RESOLVED, that the City Council hereby adopts the FY 2023- 24 Mid-Year Budget adjustments for the following funds:
FUND
PROPOSED
REVENUE
ADJUSTMENTS
PROPOSED
EXPENDITURE
ADJUSTMENTS
NET
MID-YEAR
ADJUSTMENTS
0001 GENERAL FUND (9,005,680) 18,556,434 9,550,754
1006 OUTSIDE FUNDED SVCS - GRANTS (151,500) 151,500 0 2001 GENERAL CAPITAL FUND (10,686,686) 10,736,686 50,000 2002 MEASURE J - 216,866 216,866
2110 IMPACT FEE - PARKS (15,096) - (15,096) 2111 IMPACT FEE - TRAFFIC (71,296) - (71,296) 2113 IMPACT FEE - FIRE (15,172) - (15,172) 2114 IMPACT FEE - POLICE (13,088) - (13,088) 2115 IMPACT FEE - COMM/AQUATC (60,758) - (60,758) 2116 IMPACT FEE - PARKS/OPEN (253,350) - (253,350) 2117 IMPACT FEE - LIBRARY (72,106) - (72,106) 2119 IMPACT FEE - STORM DRAINAGE (23,854) - (23,854) 4001 PORT (50,000) - (50,000)
4003 WASTEWATER - 1,113,629 1,113,629
4404 RHA-NEVIN PLAZA (20,797) 4,334 (16,463) 4405 RHA-NYSTROM VILLAGE (66,406) 242,534 176,128 4406 RHA-RICHMOND VILLAGE ONE 45,745 (45,745) 0 4407 RHA-RICHMOND VILLAGE TWO 15,787 (15,787) 0 4408 RHA-RICHMOND VILLAGE THRE 44,138 (44,138) 0 4501 RHA-CENTRAL OFFICE COST CENTER - 44,873 44,873
4502 RHA-HOUSING CORPORATION (5,000) 7,000 2,000 1003 TRANSPORTATION OPERATION (97,500) 97,500 0 1015 MARINA BAY LNDSCP & LIGHTING - 41,000 41,000
1050 CR-PLANNING & BUILDING - 280,584 280,584
1205 EMPLOYMENT & TRAINING (536,706) 255,834 (280,872) 1005 LIBRARY FUND (150,000) 150,000 0
1018 RENT CONTROL (89,753) 234,209 144,456 1055 ENCROACHMENT SVCS - 45,488 45,488
1303 KIDS FIRST INITIATIVE - 1,664 1,664
Total All Funds (21,279,078) 32,074,465 10,795,387
Attachment 9 - Resolution Mid-Year Budget Review Fiscal Year 2023-24 BE IT FURTHER RESOLVED, that the City Council hereby adopts the FY 2023-24 Mid-Year Budget adjustments listed in Attachment 5 – Mid-Year Budget Adjustments.
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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:
AYES:
NOES:
ABSTENTIONS:
ABSENT:
________________________________________
Clerk of the City of Richmond
(SEAL)
Approved:
_______________________________
Mayor
Approved as to form:
____________________________
City Attorney