Agenda — Richmond City Council, May 28, 2024 (part 1 of 4)

PLEASE NOTE: HYBRID MEETING FORMAT

AGENDA(s):

- REGULAR MEETING OF THE RICHMOND CITY COUNCIL

Tuesday, May 28, 2024, 4:30 p.m.

Community Services Building
440 Civic Center Plaza
Richmond, CA 94804
Members:

Eduardo Martinez, Mayor at Large
Melvin Willis, Councilmember District 1
Cesar Zepeda, Councilmember District 2
Doria Robinson, Councilmember District 3
Soheila Bana, Councilmember District 4
Gayle McLaughlin, Councilmember District 5
Claudia Jimenez, Vice Mayor, District 6
NOTICE: MASKS ARE STRONGLY ENCOURAGED!!

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In Person: Anyone who desires to address the City Council on items appearing on the agenda, including Open Forum, must complete and file a pink speaker’s card with the City Clerk prior to the City Council’s consideration of the item. Once the City Clerk has announced the item, no person shall be permitted to speak on the item other than those persons who have submitted their names to the City Clerk. Each speaker will be allowed up to TWO (2) MINUTES to address the City Council on NON-PUBLIC HEARING items listed on the agenda. Speakers are allowed up to THREE (3) minutes on PUBLIC HEARING items.

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**The mayor will announce the agenda item number and open public comment when appropriate.

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2 Via mail: received by 1:00 p.m. the day of the meeting, sent to 450 Civic Center Plaza, 3rd Floor, Office of the Clerk, Richmond, CA 94804.

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Properly labeled public comments will be considered a public record, put into the official meeting record, available after the meeting as supplemental materials, and will be posted as an attachment to the meeting minutes when the minutes are posted: http://www.ci.richmond.ca.us/Archive.aspx?AMID=31

The City cannot guarantee that its network and/or the site will be uninterrupted. To ensure that the City Council receives your comments, you are strongly encouraged to submit your comments in writing in advance of the meeting.

Procedures for Removing Items from the Consent Calendar: Members of the public who request to remove an item from the consent calendar must first discuss the item with a staff member by phone or a back-and- forth email discussion, and state the name of the staff member when requesting removal of the item from the consent calendar (by 2 p.m. the day of the meeting).

Any member of the City Council who would like to remove an item from the consent calendar must notify the appropriate staff person and the City Clerk’s Office prior to the meeting. Although members of the City Council are encouraged to ask questions and share concerns with staff ahead of the meeting, they are not required to do so.

The Clerk’s Office must be informed of any requests to remove items from the Consent Calendar. Items removed from the Consent Calendar shall be placed at the end of the agenda for consideration.

CONDUCT AT MEETINGS: Richmond City Council meetings are limited public forums during which the City strives to provide an open, safe atmosphere and promote robust public debate. Members of the public, however, must comply with state law, as well as the City’s laws and procedures and may not actually disrupt the orderly conduct of these meetings. The public, for example, may not shout or use amplifying devices, must submit comment cards and speak during their allotted time, may not create a physical disturbance, may not speak on matters unrelated to issues within the jurisdiction of the City Council or the agenda item at hand, and may not cause immediate threats to public safety.

Click here for City Harassment Policy

Accessibility for Individuals with Disabilities: Upon request, the City will provide for written agenda materials in appropriate alternative formats, or disability-related modification or accommodation, including auxiliary 5-28-24 cc mtg.
3 aids or services and sign language interpreters, to enable individuals with disabilities to participate in and provide comments at/related to public meetings. Please submit a request, including your name, phone number and/or email address, and a description of the modification, accommodation, auxiliary aid, service or alternative format requested at least two days before the meeting. Requests should be emailed to [email protected] or submitted by phone at 510-620-6513, ext. 9, or 510-620-6509.

Requests made by mail to City Clerk’s Office, City Council meeting, 450 Civic Center Plaza, Richmond, CA 94804 must be received at least two days before the meeting. Requests will be granted whenever possible and resolved in favor of accessibility.

Unless otherwise noted in an agenda description, all actions taken by the Council include a determination that CEQA does not apply (i.e., the action is not a project and therefore exempt from CEQA).

Disclaimer: The City Clerk's Office translates agendas to enhance public access. Translated agendas are provided as a courtesy and do not constitute legal notice of the meeting or items to be discussed. In case of discrepancy, the English agenda will prevail.

Pages
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4 A. OPEN SESSION TO HEAR PUBLIC COMMENT BEFORE CLOSED SESSION 4:30 p.m.

B. ROLL CALL
C. CLOSED SESSION
C.1 LIABILITY CLAIMS (Government Code Section 54956.9)
Claimant: Carla Waters
Agency claimed against: City of Richmond
•
C.2 CONFERENCE WITH LEGAL COUNSEL - EXISTING LITIGATION (paragraph (1) of Subdivision [d] of Government Code Section 54956.9) Allstate Northbrook Indemnity Company A/S/O Ghamdan Abbas v.

Richmond Police Department et al.
•
C.3 CONFERENCE WITH LABOR NEGOTIATORS (Government Code Section 54957.6)
Agency Representatives: Sharrone Taylor and Jack Hughes• Employee organizations:

1. SEIU Local 1021 Full Time Unit and Part Time Unit

2. IFPTE Local 21 Mid-Level Management Unit and Executive Management Units

3. Richmond Police Officers Association RPOA

4. Richmond Police Management Association RPMA

5. IAFF Local 188

6. Richmond Fire Management Association RFMA
C.4 CONFERENCE WITH REAL PROPERTY NEGOTIATOR (Government Code Section 54956.8)
• Property: 12th and Macdonald
Agency Negotiators: Nannette Beacham
Negotiating parties: SAA-EVI Richmond Partners, LLC
Under negotiation: Price and terms of payment
• Property: South 45th Street to the west, Wall Avenue to the south, Interstate 80 to the east, and the BART tracks to the north Agency negotiators: Lina Velasco
Negotiating parties: Artes Capital
Under negotiations: Price and Terms of Payment
D. PUBLIC COMMENT BEFORE CLOSED SESSION (limited to items on the Closed Session agenda only)
E. ADJOURN TO CLOSED SESSION
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5 F. REGULAR MEETING OF THE RICHMOND CITY COUNCIL
6:30 p.m.

G. PLEDGE OF ALLEGIANCE
H. ROLL CALL
I. STATEMENT OF CONFLICT OF INTEREST
J. AGENDA REVIEW
K. REPORT FROM THE CITY ATTORNEY OF FINAL DECISIONS MADE DURING

CLOSED SESSION
L. REPORT FROM THE CITY MANAGER (public comment allowed under Open Forum) M. REPORTS OF OFFICERS: REFERRALS TO STAFF, AND GENERAL REPORTS (INCLUDING AB 1234 REPORTS)(limited to two minutes per Councilmember)(public comments allowed under Open Forum)
N. COMMENDATIONS, PRESENTATIONS, AND PROCLAMATIONS
N.1 Proclamation for John Marquez for His Dedicated Leadership and Community Advocacy
9 PROCLAMATION recognizing John Marquez for his leadership, advocacy for educational access and excellence, and his continued commitment to community development and success – Mayor Eduardo Martinez (510-620- 6503), Councilmembers Soheila Bana (510-672-3490) and Cesar Zepeda (510- 620-6593).

N.2 Recognizing the Month of June as Pride Month and to Celebrate Richmond Rainbow Pride 10-Year Anniversary
13 PROCLAMATION honoring the invaluable cultural, social, and economic contributions of LGBTQI+ individuals to our community – Mayor Eduardo Martinez (510-620-6503) and Councilmember Cesar Zepeda (510-620-6593).

O. OPEN FORUM FOR PUBLIC COMMENT
(public comment on items that remain on the Consent Calendar or items not on the agenda - limited to 2 minutes unless otherwise specified - Back and forth dialogue with the Council is prohibited)
P. CITY COUNCIL CONSENT CALENDAR
(All items placed under the Consent Calendar are considered to be routine and noncontroversial. These items will be enacted upon together with a motion and second, without discussion, of any member of the City Council, and each item shall be deemed to have received the action recommended.)
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6 P.1 City Council
P.1.a Authorize Public Bank East Bay to Apply for Regulatory Approval 16 ADOPT a resolution of the City Council of the City of Richmond authorizing the Public Bank East Bay to apply for State regulatory approval, assuring the City of Richmond’s Investment Policy is modified as needed for entering into a Public Bank, and authorizing the City of Richmond, after regulatory approval, to provide its share of founding capital – Councilmember Gayle McLaughlin (510-620- 6636), Vice Mayor Claudia Jimenez (510-620-6565) and Mayor Eduardo Martinez (510-620-6503).

P.2 Finance Department
P.2.a Fiscal Year 2023-24 Quarter 3 Budget Review 22
RECEIVE the Fiscal Year 2023-24 Quarter 3 budget report for the period of July 1, 2023, through March 31, 2024; and ADOPT a resolution to APPROPRIATE $288,726 from the General Fund – Finance Department (Shasa Curl 510-620-6512/Andrea Miller 510- 620-6790/Mubeen Qader 510-412-2077).

P.3 Mayor's Office
P.3.a Memorial Day Proclamation 79
PROCLAMATION recognizing Memorial Day in the City of Richmond – Mayor's Office (Mayor Eduardo Martinez 510-620-6503).

P.3.b Asian American, Native Hawaiian, and Pacific Islander (AANHPI) Heritage Month
82 PROCLAMATION recognizing May as Asian American, Native Hawaiian, and Pacific Islander (AANHPI) Heritage Month – Mayor's Office (Mayor Eduardo Martinez 510-620-6503).

Q. BUDGET SESSION
Q.1 Budget Study Session on Proposed Fiscal Year 2024-25 Operating Budget and Fiscal Year 2024-29 Five-Year Capital Improvement Plan
85 RECEIVE the draft Fiscal Year 2024-25 Annual Operating Budget and Fiscal Year 2024-29 Five-Year Capital Improvement Plan Budget presentation; and PROVIDE DIRECTION to staff prior to final budget adoption – City Manager’s Office/Finance Department (Shasa Curl 510-620-6512/ Nickie Mastay 510-620- 6609/ Andrea Miller 510-620-6790/ Mubeen Qader 510-412-2077). 5-28-24 cc mtg.
7 R. PUBLIC HEARINGS
R.1 Master Fee Schedule Update 357
HOLD a public hearing; and INTRODUCE an Ordinance (first reading) adjusting the dollar amount for proposed Developer Impact Fees using the two- and four-year phase in approach and other new user fees for services – Finance Department (Andrea Miller/Mubeen Qader/Antonio Banuelos 510-620- 6741). This item was continued from the May 21, 2024, meeting.

S. STUDY AND ACTION SESSION
S.1 Task Force to End Gender Based Domestic Violence 539 RECEIVE a presentation on the activities of the Task Force to End Gender- Based Domestic Violence – Councilmember Soheila Bana (510-620-6743).

S.2 Final Written Report of the Raftelis Workforce Analysis and PowerPoint Presentation
559
RECEIVE the final written report from Raftelis Financial Consultants regarding their workforce analysis – City Manager’s Office/Human Resources Department (Nickie Mastay/Sharrone Taylor 510-620-6602).

T. ADJOURNMENT
________________________
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May 28, 2024

City Council

DATE: May 28, 2024
TO: Members of the City Council
FROM:

Councilmember Soheila Bana, Councilmember Cesar
Zepeda (Co-Sponsor), and Mayor Eduardo Martinez

Subject:

Proclamation for John Marquez for His Dedicated
Leadership and Community Advocacy
FINANCIAL IMPACT: None

PREVIOUS COUNCIL
ACTION:

None

STATEMENT OF THE
ISSUE:

Proclamation for John Marquez for His Dedicated
Leadership and Community Advocacy
RECOMMENDED ACTION:

PROCLAMATION recognizing John Marquez for his
leadership, advocacy for educational access and
excellence, and his continued commitment to community
development and success – Mayor Eduardo Martinez
(510-620-6503), Councilmembers Soheila Bana (510-
672-3490) and Cesar Zepeda (510-620-6593).

DISCUSSION:

As the first Latino City Councilmember, initially appointed in 1985 and subsequently elected, Mr. Márquez served the community with dedication and foresight through AGENDA
REPORT
9

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May 28, 2024
various tenures until 2008. His leadership during times of both adversity and progress has left an indelible mark on the city.

During his terms, Mr. Márquez played a pivotal role in significant civic developments and initiatives that spurred economic growth, enhanced community safety, and supported the city’s diverse population. Notably, he advocated for the undocumented residents of Richmond, supported expansions that brought jobs and opportunities to the area, and was instrumental in fostering relationships that bridged community and law enforcement efforts towards reducing violence.

John E. Márquez is also celebrated as a co-founder of the Cinco de Mayo celebration in Richmond, which has grown to become the largest such celebration in Northern California.

Mr. Márquez has been a fervent activist and educator, founding the Latino Club and the "La Raza Studies" department at Contra Costa College. His academic pursuits and military service further highlight his multifaceted commitment to public service.

Currently, Mr. Márquez represents Ward 1 on the Contra Costa Community College District Governing Board, advocating for educational excellence and access, further demonstrating his commitment to community development and success.

DOCUMENTS ATTACHED:

Attachment 1 – Proclamation

10 WHEREAS, John E. Marquez as the first Latino City Councilmember, initially appointed in 1985 and subsequently elected, Mr. Marquez served the community with dedication and foresight through various tenures until 2008. His leadership during times of both adversity and progress has left an indelible mark on the city; and

WHEREAS, Mr. Marquez played a pivotal role in significant civic developments and initiatives that spurred economic growth, enhanced community safety, and supported the city’s diverse population. Notably, he advocated for the undocumented residents of Richmond, supported expansions that brought jobs and opportunities to the area, and was instrumental in fostering relationships that bridged community and law enforcement efforts towards reducing violence; and

WHEREAS, his impactful political career, Mr. Marquez has been a fervent activist and educator, founding the Latino Club and the "La Raza Studies" department at Contra Costa College. His academic pursuits and military service further highlight his multifaceted commitment to public service; and

WHEREAS, John E. Marquez is also celebrated as a co-founder of the Cinco de Mayo celebration in Richmond, which has grown to become the largest such celebration in Northern California. This event not only honors cultural heritage but also fosters community unity and pride, enhancing the cultural landscape of Richmond; and

WHEREAS, Mr. Marquez currently represents Ward 1 on the Contra Costa Community College District Governing Board, advocating for educational excellence and access, further demonstrating his commitment to community development and success; and

Recognizing John E. Marquez for His Visionary Leadership and His Significant Contributions to the Welfare of our Community.

11 WHEREAS, exhibiting unwavering service and dedication, Mr. Marquez was honored as the 2006 Contra Costa County Hispanic of the Year and recognized by the California State Assembly for outstanding community service. His professional and personal endeavors exemplify a commitment to enhancing the lives of those around him.

NOW, THEREFORE BE IT RESOLVED, that I, Mayor Eduardo Martinez, and the Richmond City Council, on May 28, 2024, do hereby express our deepest appreciation for his visionary leadership and his significant contributions to the civic, cultural, and educational welfare of our community.

______________________________
Mayor Eduardo Martinez
City of Richmond

______________________________
Council Member Cesar Zepeda
City of Richmond
District 2

______________________________
Council Member Soheila Bana
City of Richmond
District 4
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May 28, 2024

Mayor's Office

DATE: May 28, 2024
TO: Mayor Martinez and Members of the City Council
FROM:

Mayor Eduardo Martinez and Councilmember Cesar
Zepeda (Co-sponsor)

Subject:

Recognizing the Month of June as Pride Month and to
Celebrate Richmond Rainbow Pride 10-Year Anniversary
FINANCIAL IMPACT: None

PREVIOUS COUNCIL
ACTION:

June 2023

STATEMENT OF THE
ISSUE:

Recognizing the Month of June as Pride Month and to
Celebrate Richmond Rainbow Pride 10-Year
Anniversary.

RECOMMENDED ACTION:

PROCLAMATION honoring the invaluable cultural,
social, and economic contributions of LGBTQI+
individuals to our community – Mayor Eduardo Martinez
(510-620-6503) and Councilmember Cesar Zepeda (510-
620-6593).

DISCUSSION:

June is nationally recognized as Pride Month, celebrating the contributions and advancements of the LGBTQI+ community to our city, state, and country. The City of Richmond values its diverse and welcoming environment for all citizens, including the lesbian, gay, bisexual, transgender, queer, intersex, plus (LGBTQI+) community.

AGENDA
REPORT
13

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May 28, 2024
This year marks the 10th anniversary of Richmond Rainbow Pride, an organization promoting LGBTQI+ awareness, inclusivity, and celebration within Richmond, demonstrating their commitment to equality and acceptance.

Despite progress, the LGBTQI+ community continues to face discrimination and inequity. The City of Richmond is committed to protecting our LGBTQI+ residents and their families, ensuring they enjoy the same rights, privileges, and opportunities as all residents. We call upon residents, businesses, and community organizations to recognize and affirm the rights and dignity of LGBTQI+ individuals, promote awareness and understanding, and stand against discrimination and violence.

We celebrate the resilience, strength, and activism of the LGBTQI+ community, remember their ongoing struggle for equality, and commit to fostering an inclusive community that respects and values all its members.

DOCUMENTS ATTACHED:

Attachment 1 – Proclamation

14 WHEREAS, the City of Richmond values its diverse and welcoming environment for all citizens, including the lesbian, gay, bisexual, transgender, queer, intersex, plus (LGBTQI+) community; and

WHEREAS, June is nationally recognized as Pride Month, celebrating the contributions and advancements of the LGBTQI+ community to our city, state, and country; and

WHEREAS, this year marks the 10th anniversary of Richmond Rainbow Pride, an organization promoting LGBTQI+ awareness, inclusivity, and celebration within Richmond, demonstrating their commitment to equality and acceptance;

WHEREAS, the City of Richmond acknowledges the invaluable cultural, social, and economic contributions of LGBTQI+ individuals to our community;

WHEREAS, despite progress, the LGBTQI+ community continues to face discrimination and inequity, highlighting the need to reaffirm our commitment to inclusivity, equality, and fighting discrimination; and

WHEREAS, the City of Richmond is committed to protecting our LGBTQI+ residents and their families, ensuring they enjoy the same rights, privileges, and opportunities as all residents;

WHEREAS, we call upon residents, businesses, and community organizations to recognize and affirm the rights and dignity of LGBTQI+ individuals, promote awareness and understanding, and stand against discrimination and violence;

NOW, THEREFORE, I, Mayor Eduardo Martinez, on behalf of the Richmond City Council, proclaim June as Pride Month in the City of Richmond. We celebrate the resilience, strength, and activism of the LGBTQI+ community, remember their ongoing struggle for equality, and commit to fostering an inclusive community that respects and values all its members.

Proclamation Recognizing June as LGBTQI+ Pride Month in The City of Richmond, California

______________________
Mayor Eduardo Martinez
City of Richmond
May 7th, 2024
______________________
Cesar Zepeda
District 2 Councilmember
City of Richmond
15

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May 28, 2024

City Council

DATE: May 28, 2024
TO: Members of the City Council
FROM:

Mayor Eduardo Martinez
Vice Mayor Claudia Jimenez
Councilmember Gayle McLaughlin
Subject:

Authorize Public Bank East Bay to Apply for Regulatory
Approval
FINANCIAL IMPACT: $750k. This amount has been set aside by the City Manager as per our share of capitalizing the bank.

PREVIOUS COUNCIL
ACTION:

May 23, 2017, April 5, 2022, April 19, 2022, July 11, 2023

STATEMENT OF THE
ISSUE:

The main purpose of this item is to approve a resolution for the next step to be taken in terms of creating the
Public Bank East Bay (PBEB). It authorizes PBEB to
apply for regulatory approval and providing the State
approval is granted, this authorizes Richmond to provide its agree upon amount of capitalization for the bank
($750k) as a founding City member.

RECOMMENDED ACTION:

ADOPT a resolution of the City Council of the City of
Richmond authorizing the Public Bank East Bay to apply
for State regulatory approval, assuring the City of
Richmond’s Investment Policy is modified as needed for
entering into a Public Bank, and authorizing the City of Richmond, after regulatory approval, to provide its share of founding capital – Councilmember Gayle McLaughlin
(510-620-6636), Vice Mayor Claudia Jimenez (510-620-
6565) and Mayor Eduardo Martinez (510-620-6503).

AGENDA
REPORT
16

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May 28, 2024
DISCUSSION:

We have had multiple meetings of the City Council that have clarified our intention to be a part of the Public Bank East Bay. We are now ready to seek approval from the State regulators. Once the bank has been approved by the regulators, we will be able to take further steps to launch the bank. This bank will allow our city and community to have access to small business loans, as well as funding for affordable housing and climate mitigation projects. Other funding efforts will be identified as well, as the bank grows.

HISTORY

On May 23, 2017, the Richmond City Council adopted Resolution 56-17, endorsing the efforts to create a public bank, and resolving to investigate the possibility that the City of Richmond might partner with such bank.

On April 5, 2022, the Richmond City Council adopted Resolution 48-22, approving the Viability Study for the Public Bank East Bay (the “Bank”), resolving to become a founding member of the Bank and agreeing to join in the application to the State of California’s Department of Financial Protection and Innovation (the “State”) for the Bank’s public banking charter.

By adopting Resolution 48-22, the Richmond City Council further amended its investment policy to allow the City of Richmond to invest in the Bank and to become a founding member of the Bank. Also, in adopting Resolution 48-22, the Richmond City Council requested that Alameda County commit to joining the Bank immediately upon the State’s approval of the Bank’s public banking charter.

In addition, on April 19, 2022, Councilmember McLaughlin was appointed as the City of Richmond’s representative to the Board of Directors of the future Bank.

On July 11, 2023, the Richmond City Council authorized Councilmember McLaughlin, as a member of the future Bank’s Board of Directors, to vote in favor of the appointment of the interim CEO to the Bank.

NEXT STEP

It is now time to take the next step as identified in the resolution and the recommended action which states:

ADOPT a resolution of the City Council of the City of Richmond authorizing the Public Bank East Bay to apply for State regulatory approval, assuring the City of Richmond’s Investment Policy is modified as needed for entering into a Public Bank, and authorizing the City of Richmond, after regulatory approval, to provide its share of founding capital.

Richmond’s share of capitalization is $750k and City Manager Shasa Curl has clarified that it is set aside in the FY 2024-25 budget.
17

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May 28, 2024

DOCUMENTS ATTACHED:

Attachment 1 – Resolution

18 01337.0001/980944.2
RESOLUTION NO.

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RICHMOND AUTHORIZING THE PUBLIC BANK EAST BAY TO APPLY FOR REGULATORY APPROVAL, AMENDING THE CITY OF RICHMOND’S

INVESTMENT POLICY , AND AGREEING TO BECOME A FOUNDING MEMBER OF THE BANK AND

TO PROVIDE FOUNDING CAPITAL

WHEREAS, on May 23, 2017, the Richmond City Council adopted Resolution 56-17, endorsing the efforts of the City of Oakland to create a public bank and resolving to investigate the possibility that the City of Richmond might partner with such bank, if formed; and

WHEREAS, on April 5, 2022, the Richmond City Council adopted Resolution 48-22, approving the Viability Study for the Public Bank East Bay (the “Bank”), resolving to become a founding member of the Bank and agreeing to join in the application to the State of California’s Department of Financial Protection and Innovation (the “State”) for the Bank’s public banking charter; and

WHEREAS, in adopting Resolution 48 -22, the Richmond City Council further amend ed its investment policy to allow the City of Richmond to invest in the Bank and to become a founding member of the Bank; and

WHEREAS, in adopting Resolution 48 -22, the Richmond City Council requested that Alameda County commit to joining the Bank as a full voting member immediately upon the State’s approval of the Bank’s public banking charter; and

WHEREAS, on April 19, 2022 , Councilmember McLaughlin was appointed as the City of Richmond’s representative to the Board of Directors of the future Bank; and

WHEREAS, on July 11, 2023, the Richmond City Council authorized Councilmember McLaughlin, as a member of the future Bank’s Board of Directors, to vote in favor of the appointment of the interim CEO to the Bank; and

WHEREAS, the Friends of the Public Bank East Bay expect that 1) Alameda County will agree to join the Bank as soon as practicable after the Bank obtains a public banking charter from the State and 2) will immediately thereafter contribute its share of the founding capital of the Bank; and

WHEREAS, the Friends of the Public Bank East Bay have prepared a detailed business plan for the Bank and shared same with the City of Richmond’s administrative staff, who ha ve thoroughly reviewed such business plan and support the initiative.

NOW, THEREFORE, BE IT RESOLVED that the Richmond City Council hereby approves the submission of such business plan to the State in connection with the Bank’s charter application and that Mayor Eduardo Martinez is authorized to sign the charter application on behalf of the City of Richmond; and

19 01337.0001/980944.2
BE IT FURTHER RESOLVED that, if the charter is approved by the State and Alameda County has delivered the necessary commitments, the City of Richmond plans to contribute seven hundred fifty thousand US dollars ($750,000) to capitalize the Bank to be a founding member of the Bank; and

BE IT FURTHER RESOLVED, that the City of Richmond amends its investment policy to allow the maturity date of this investment in the Bank to exceed the five-year maximum maturity period otherwise applicable to any investments of the City of Richmond, and

BE IT FURTHER RESOLVED, that this Resolution be conveyed immediately to the city councils of Berkeley, Oakland, and Hayward and the Board of Supervisors of Alameda County.

--------------

I certify that the foregoing resolution was passed and adopted by the Council of the City of Richmond at a regular meeting thereof held on May 28, 2024, by the following vote:

AYES:

NOES:

ABSTENTIONS:

ABSENT:

CLERK OF THE CITY OF RICHMOND

Approved:

Mayor

Approved as to form:

City Attorney
20 01337.0001/980944.2

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May 28, 2024

Finance Department

DATE: May 28, 2024
TO: Mayor Martinez and Members of the City Council
FROM:

Shasa Curl, City Manager
Nickie Mastay, Deputy City Manager – Internal Services
Andrea Miller, Director of Finance
Mubeen Qader, Deputy Director of Finance
Jerry Gurule, Accounting Manager
Antonio Banuelos, Accounting Manager
SUBJECT:

Fiscal Year 2023-24 Quarter 3 Budget Review
FINANCIAL IMPACT: The total proposed General Fund fiscal impact is $288,726.

PREVIOUS COUNCIL
ACTION:

June 20, 2023, November 28,2023, March 5, 2024

STATEMENT OF THE
ISSUE:

Staff is presenting the Fiscal Year (FY) 2023-24 Quarter 3 Budget Report for all funds, and the Capital
Improvement Projects Quarter 3 Report. The purpose of
this report is to monitor revenue and expenditures, as
compared to the approved budgeted amounts.

RECOMMENDED ACTION:

RECEIVE the Fiscal Year 2023-24 Quarter 3 budget
report for the period of July 1, 2023, through March 31, 2024; and ADOPT a resolution to APPROPRIATE
$288,726 from the General Fund – Finance Department
(Shasa Curl 510-620-6512/Andrea Miller 510-620-
6790/Mubeen Qader 510-412-2077).

AGENDA
REPORT
22

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May 28, 2024
DISCUSSION:

The purpose of the quarterly budget report is to assist the City in monitoring its revenue and expenditures, as compared to the approved budgeted amounts. The report also provides staff, the City Council, and the community with the ability to monitor trends that impact the budget cycle.

This report presents an overview of the Quarter 3 operating, capital revenue, and expenditures for Fiscal Year (FY) 2023-24. The period covers budget activity from July 1, 2023, through March 31, 2024. The threshold through the first three quarters of the fiscal year is 75 percent, meaning that it is expected that 75 percent of the Revised Budget will be expended. Revenues are not necessarily measured against the same standard due to the seasonality of major revenue sources, such as property taxes, which are received in December, April, and June each year.

General Fund
General Fund Revenues
Overall, revenue received totaled $151.2 million (64.5 percent of budget) for Quarter 3 of FY 2023-24. This is below the threshold of 75 percent; the variance is primarily due to the seasonality of some revenue sources. For example, the City receives the Sales Tax revenue from the State with a two-month delay. Final Sales Tax payment will not be received until August, when it will be accrued and accounted for in the year it was earned. Based on the current year actuals and prior year trends, City staff members project total FY 2023-24 revenue at about $237 million. Table 1 and Figure 1 below summarizes the Quarter 3 revenue budget-to-actuals and year-end projection. See Attachment 1 for the breakdown by department.

Table 1: General Fund Revenue, FY2023-24, Quarter 3

GENERAL FUND
FY2023-24

ORIGINAL
BUDGET
FY2023-24

REVISED
BUDGET

ACTUALS
THRU
MARCH 2024

AVAILABLE
BUDGET
% USED
THRU
MARCH
2024
FY2023-24

YEAREND

PROJECTION
PROPERTY TAXES (50,567,173) (52,181,354) (28,367,873) (23,813,481) 54.4% (54,065,269) SALES & USE TAX (56,752,495) (57,897,341) (35,235,093) (22,662,248) 60.9% (61,241,216) UTILITY USERS TAX (55,775,083) (57,938,011) (43,516,676) (14,421,336) 75.1% (57,921,746) OTHER TAXES (23,237,723) (24,144,377) (7,498,664) (16,645,713) 31.1% (19,670,324) LICENSES, PERMITS & FEES (13,286,195) (15,779,175) (11,092,118) (4,687,058) 70.3% (16,223,582) FINES & FORFEITURES (331,144) (151,438) (132,107) (19,331) 87.2% (189,996) USE OF MONEY&PROPRTY (1,011,535) (1,796,421) (1,871,727) 75,306 104.2% (3,000,000) CHARGES FOR SERVICES (2,561,992) (2,536,992) (1,622,050) (914,942) 63.9% (2,242,226) OTHER REVENUE (238,480) (238,480) (190,672) (47,808) 80.0% (277,531) RENTAL INCOME (777,028) (777,028) (743,653) (33,375) 95.7% (1,009,971) INTERGOV STATE TAXES (125,000) (125,000) (143,154) 18,154 114.5% (143,154) INTERGOV STATE GRANT (110,000) (183,911) (146,980) (36,931) 79.9% (197,270) INTERGOV OTHER GRANT (250,000) (280,000) (328,851) 48,851 117.4% (358,854) PROC FR SLE PROP - - (4,987) 4,987 - (8,654) LOAN/BOND PROCEEDS (40,400) (40,400) - (40,400) 0.0% - OPER XFERS IN (20,310,358) (20,310,358) (20,288,662) (21,696) 99.9% (20,288,662) TOTAL REVENUES (225,374,607) (234,380,287) (151,183,268) (83,197,019) 64.5% (236,838,454) 23

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Figure 1: General Fund Revenue, FY2023-24, Quarter 3

General Fund revenues were adjusted at Mid-Year based on revenues received through December 2024.The data points observed through in FY2023-24 indicate most revenues are trending as expected or better.

 Property Tax – For the FY2023-24 General Fund property taxes, City staff members estimated growth of 5.1 percent for Secured Property Taxes and overall growth for this revenue category of 0.5 percent. Contra Costa County (County) released the 2023-2024 Assessment Roll in July 2023 which indicated growth of the Assessed Valuation (AV) at 6.77 percent for Secured Property Taxes. This is the main component in changes to secure property taxes year-to- year. Other significant impacts include sale of properties and tax increment allocation. Property Taxes budgeted amount was increased by $1.6 million during Mid-Year. It is expected that this revenue will come in at the budgeted amount or slightly higher.
 Sales & Use Tax – The sales tax revenue stream, post COVID’s shelter–in-place and the associated downturn in the economy, has seen significant increases over the last three years and the trend is expected to continue through the current fiscal year. The updated forecast from the City’s financial consultants and the internal forecast aligns with the Revised Budget.
 Utility Users Tax (UUT) –This revenue stream, including the maximum cap amount paid by Chevron, has been received as expected, while the Gas and Electricity Utility Users Tax is trending higher.
 Other Taxes – Other revenues of note include the documentary transfer tax which is collected by the County on the sale of properties. The City has received a total of $4.2 million (31.7 percent of budget) through February. Of the major revenue streams, this is the most volatile and unpredictable varying significantly month-to-month and one or more property sales can have huge impacts on the tax amount. The budgeted amount corresponds to the formula or monthly mean as outlined in the Guiding Fiscal policies since passage of Measure H in November 2018 and effective January 2019.
 Licenses, Permits, & Fees – This revenue stream includes the business tax revenue. Through March 2024, the full revenue is at 74.1 percent of the budgeted amount. Comparing Quarter 3 of FY2022-23 with Quarter 3 of FY2023- -
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
70,000,000Million
Category

REVISED BUDGET ACTUALS YEAR END PROJECTION
24

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24, an increase of nearly $1.2 million has been received. The increase stems from changing the due dates from July 1 to March 1 for rental properties and April 1 for most other businesses.

General Fund Expenditures
Overall, expenditures totaled $162 million (65.7 percent of budget) through quarter 3 of FY2023-24. The expenditures are trending lower than the approved revised budgeted amounts due significantly to higher vacancy rates and several pending unspent encumbrances. With encumbrances, the expenditures are at 68.2 percent of the budget, which is still below the 75 percent threshold. Encumbrances are funds earmarked for specific operating expenditures, such as copier leases. Based on the current year actuals and prior years’ trend, City staff project the total FY2023-24 expenditures to be approximately $233 million by fiscal year-end. Table 2 and Figure 2 below summarizes the expenditure budget-to-actuals through March 31, 2024. However, since the Documentary Transfer Tax is trending lower, it likely requires adjustments in Q4, along with a new proposed policy for the City Council’s consideration. See Attachment 1 for a detailed report by department.

Table 2: General Fund Expenditure, FY2023-24, Quarter 3 - Table

GENERAL FUND
FY 2023-24

ORIGINAL
BUDGET
FY 2023-24

REVISED
BUDGET

ACTUALS
THRU
MARCH 2024
ENCUMB. AVAILABLE
BUDGET
% USED
THRU
MARCH
2024
FY2023-24

YEAREND

PROJECTION
SALARIES AND WAGES 83,345,132 85,847,575 59,720,372 - 26,127,203 69.6% 82,762,173 PYRLL/FRINGE BENEFIT 62,867,833 65,538,296 45,714,058 - 19,824,238 69.8% 63,827,262 PROF & ADMIN 20,302,711 21,688,714 8,367,438 3,522,408 9,798,868 38.6% 14,552,294 OTHER OPERATING 8,611,971 8,963,844 4,215,595 1,197,514 3,550,735 47.0% 5,161,150 UTILITIES 5,288,272 5,690,630 3,964,534 311,625 1,414,470 69.7% 6,056,600 EQPT & CONTRACT SVCS 5,918,655 5,946,835 2,124,002 327,684 3,495,148 35.7% 2,896,738 PROVISN FOR INS LOSS 34,200 34,200 29,572 - 4,628 86.5% 29,419 COST POOL 21,593,734 21,593,734 16,209,785 - 5,383,949 75.1% 21,593,734 ASSET/CAPITAL OUTLAY 1,893,500 2,817,457 1,397,213 712,127 708,117 49.6% 3,801,894 DEBT SVC EXPENDITURE 841,353 841,353 418,000 - 423,353 49.7% 1,476,147 A87 COST PLAN REIMBS (3,531,611) (3,514,373) (2,728,797) - (785,576) 77.6% (3,514,373) GRANT EXPENDITURES 19,155 98,723 (1,625) 6,277 94,071 -1.6% (10,009) OPER XFERS OUT 18,189,702 30,748,126 22,463,494 - 8,284,632 73.1% 34,806,564 TOTAL EXPENSES 225,374,607 246,295,113 161,893,640 6,077,635 78,323,838 65.7% 233,439,592 25

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Figure 2: General Fund Expenditure, FY2023-24, Quarter 3 – Chart

 Salaries & Wages – include base salaries for full-time and part-time staff, overtime, and other pay types. Actual expenditures totaled $59.7 million (69.6 percent of budget). This category is lower than the threshold primarily due to vacant positions.  Benefits – include medical, dental, workers compensation, CalPERS pension costs, other post-employment benefits (OPEB), and other benefits. Actual expenditures totaling $45.7 million (69.8 percent of budget) is below the threshold due to vacant positions.
 Professional & Admin Services – include professional and consulting services, and contractual obligations, such as animal control services. Actual expenditures total $8.3 million (38.6 percent of budget) and is below the threshold. Factoring in encumbrances of $3.5 million, the total is $11.9 million (54.7 percent of budget).  Other Operating – include copier leases, office supplies, and other items. Actual expenditures total $4.2 million (47.0 percent of budget). Factoring in encumbrances of $1.2 million, the total is $5.4 million (60.4 percent of budget).  Utilities – include gas, electricity, water, refuse, telephone, and internet services.

Actual expenditures total $4 million (69.7 percent of budget). Factoring in purchase order encumbrances of $311,000, the total is $4.3 million (75.1 percent of budget).  Equipment & Contract Services - include equipment and maintenance/repair services. Actual expenditures total $2.1 million (35.7 percent of budget). Factoring in encumbrances of $328,000, the total is $2.5 million (41.2 percent of budget).  Cost Pool – include vehicle replacement, general liability, Civic Center debt allocation, since these charges are distributed through equal monthly journals, the expenditures are at the threshold of 75 percent.
 Asset/Capital Outlay – include capital purchases and major facility and infrastructure upgrades. Total expenditures, including encumbrances are 49.6 percent of the threshold.
 Debt Service – include debt payments per the debt service schedule and total expenditures are at 49.7 percent of the budget.
(10,000,000)
-
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
70,000,000
80,000,000
90,000,000
100,000,000Million
Category

REVISED BUDGET ACTUALS YEAREND PROJECTION
26

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 A87 Cost Plan Reimbursement – include administrative overhead credit from non- General Fund programs through monthly journals, hence the expenditures are at

77.6 percent of the budget due to reimbursement from Successor Agency which was not budgeted.

Grant Expenditures – include Recreation I Heart Richmond grant expenditures. The expenditures, including encumbrances are at 4.7 percent. Year-to-date actuals are showing a negative expenditure amount due to a returned grant balance from a grantee.
 Transfers Out – include transfers out from the General Fund to non-General Funds for operating subsidies and a portion of debt service. Actuals total $22.5 million (65.7 percent of budget).

General Fund Estimated FY 2023-24 Unspent Funds
It is too soon to precisely project estimated year-end unspent funds as a significant amount of accounting is pending in the current fiscal year. However, due to vacancies, the preliminary estimates and trends indicate that General Fund revenues may exceed General Fund expenditures by approximately $3.4 million+/- at the end of FY 2023-24.

Given the City’s significant service needs and deferred maintenance in the built environment, additional revenue sources would be extremely helpful in meeting community needs.

Table 3: FY2023-24 Year End Revenue and Expenditure Projection Summary FY2023-24
Revised Budget
FY2023-24
Projection Draft
Total Revenue (234,380,287) (236,838,454)
Total Expenditures
246,295,113

233,439,592
Net (+)/-
11,914,826
(3,398,862)

Staff proposes allocating an additional $288,726 to the Rent Program to offset and subsidize the cost pool charges. If available, additional funding for built environment improvements will be identified during Q4 and/or after the fiscal year is closed and the Annual Comprehensive Financial Report (ACFR) is completed.

Richmond Main Library Renovation Project Update
As of May 2024, the Main Library renovation project is completing schematic design phase, during which the team develops preliminary cost estimates and architectural plans for the renovated library. It is during this phase when community input, functional needs, and innovative design ideas begin to synthesize and form an exciting plan for the building.

Prior to the schematic design phase, a robust outreach phase recorded 2,633 comments from 531 residents who shared their hopes and dreams for the library.

Richmond residents participated in focus groups and community meetings. Residents took a survey to share their ideas for library service and needs for library design. 27

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Outreach was conducted in both Spanish and English. Participants asked for:

 Comfortable reading spaces and quiet spaces to work and study  More space for children’s materials and activities
 Rooms for meetings or classes
 A café and an ability to eat, drink and converse
 Modern restrooms
 Access to computers, charging stations, copying and printing services  Public Art representing the history and vibrancy of Richmond

In addition, residents were surveyed regarding the concept of a multi-stall ‘universal’ restroom for adults, a modern restroom layout that is fully inclusive of all gender identities and reduces the problem of bathroom lines. Attendees at an in-person meeting voted 24-8 in favor of the universal restroom concept. As of May 15, online surveys about this restroom style have received 93 votes in favor, with 54 opposed.

The current design for the renovation includes features identified by the community, such as reservable meeting and study rooms, a dedicated teen space, increased space in the children’s area, a place for eating and drinking, improved access to technology for adults and children, and a dedicated space for Richmond historical materials. The plan also includes a multi-stall gender-neutral restroom for adults, a single-use all-gender restroom, and two dedicated family restrooms.

Initial cost estimates indicate that additional funding will be needed for several important features of the renovation:

 A replacement roof
 New solar panels
 A covered trash enclosure
 A larger generator and supporting systems to allow the library to serve as a resiliency and cooling center during climate emergencies

A geotechnical investigation and hazmat analysis have been completed. The team had a productive study session with the Historic Preservation Commission and introduced the Richmond Arts and Culture Commission to the project for future assistance with recruitment and selection of artists. Design development is expected to begin this summer, with construction documents and permitting taking place in fall and winter of 2024.

Staff will aim to identify an additional $4 million in funding to support these project elements.

Homekey Funding Update
Per Resolution 63-23, on June 20, 2023, the City Council authorized a $4.9 million loan from the General Fund to the Affordable Housing Fund contingent upon the award of Homekey funds. If awarded, this will need to be addressed at the FY 2023-24 year-end close and in the FY 2024-25 budget. Staff will book a commitment of the funds and the subsequent loan after funding has been identified.
28

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Non-General Funds
Non-General Fund Revenues
Overall, 46.9 percent of Non-General Fund revenues have been collected and are trending as expected. The timing of receipts varies amongst the funds based on the source of funding. For instance, grant funds are typically received after expenditures are incurred and reimbursement requests are submitted to grantors. Table 4 and Figure 3 below summarize the revenue budget-to-actuals for Non-General Funds. See Attachment 1, revenue budget-to-actuals by the individual fund.

Table 4: Non-General Fund Revenues, FY 2023-24, Quarter 3

Figure 3: Non-General Fund Revenues, FY2023-24, Quarter 3 - Chart

Major fund types include the following:

 Capital Improvement Funds – total revenue is 36 percent of the budget. A major variance is due to the grants that are pending for reimbursements in the Outside- funded services fund.
 Debt Service Funds – transfer in revenue is 89.1 percent of the budget, that is consistent with the debt service payment schedules.
 Enterprise Funds – total revenue is 61.7 percent of the budget because revenue in these funds are received in the last quarter of a fiscal year.

FUND
FY2023-24

ORIGINAL
BUDGET
FY2023-24

REVISED
BUDGET

ACTUALS

THRU MARCH
2024

AVAILABLE
BUDGET % USED
Capital Improvement Funds (45,085,732) (73,958,041) (26,588,679) (47,369,362) 36.0% Debt Service Funds (19,551,216) (19,551,216) (17,421,318) (2,129,899) 89.1% Enterprise Funds (41,443,141) (41,493,141) (25,613,426) (15,879,715) 61.7% Housing Funds (1,911,772) (1,911,772) (2,108,417) 196,644 110.3% Housing Authority Funds (5,563,388) (5,549,921) (2,574,663) (2,975,258) 46.4% Internal Service Funds (30,919,340) (30,919,340) (25,902,467) (5,016,873) 83.8% Other Operations Funds (32,931,748) (35,280,981) (16,793,143) (18,487,838) 47.6% Special Revenue Funds (52,120,364) (96,056,935) (25,922,556) (70,134,379) 27.0% Total All Funds (229,526,702) (304,721,348) (142,924,668) (161,796,680) 46.9% -
20,000,000
40,000,000
60,000,000
80,000,000
100,000,000
120,000,000Million
Fund Type

REVISED BUDGET YTD ACTUALS
29

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 Housing Funds – total housing funds are 110.3 percent of the budget mainly due to Community Development Block Grant loan payoff receipts coming in 167 percent of the budget.
 Richmond Housing Authority – total revenue is 46.4 percent of the budget; a major part of the revenue is received in the last quarter of the fiscal year.  Internal Service Funds – total revenue is 83.8 percent of the budget due to an interest earned allocation which is an unbudgeted line item.  Other Operations Funds – total revenue is 47.6 percent of the budget. Major variance is due to Transportation receiving 4.6 percent of the budget.  Special Revenue Funds – total revenues are 27 percent of the budget. Major variance is due to the Transformative Climate Community and Encampment Resolution Grants with a total revenue budget of $43.6 million. These grants are on a reimbursement basis and the revenue reimbursements are pending.

Non-General Fund Expenditures
Overall, 44.1 percent of Non-General Fund budget appropriations have been expended, including encumbrances. Spending patterns in other funds are like those in the General Fund and are trending as expected. Most of the actual expenditures are below the threshold of 75 percent except for Debt Service funds. Amounts over the threshold are primarily due to encumbrances. Table 5 and Figure 4 below summarizes the expenditure budget-to-actuals for Non-General Funds. See Attachment 1 for expenditure budget-to-actuals by individual fund.

Table 5: Non-General Fund Expenditures, FY2023-24 Quarter 3 - Table

FUND TYPE
FY2023-24

ORIGINAL
BUDGET
FY2023-24

REVISED
BUDGET

ACTUALS
THRU
MARCH 2024
ENCUMB. AVAILABLE
BUDGET
% USED
W/O
ENCUMB.
% USED
W.

ENCUMB.

Capital Improvement Funds 71,270,921 111,302,273 17,436,464 19,701,435 74,164,374 15.7% 33.4% Debt Service Funds 19,174,878 19,174,878 17,281,000 - 1,893,878 90.1% 90.1% Enterprise Funds 86,084,855 100,777,213 28,469,783 8,599,697 63,707,733 28.3% 36.8% Housing Funds 6,249,305 6,249,305 506,497 30,764 5,712,044 8.1% 8.6% Housing Authority Funds 5,570,438 5,763,509 2,582,138 169,084 3,012,287 44.8% 47.7% Internal Service Funds 36,799,838 42,753,440 23,730,021 6,542,312 12,481,108 55.5% 70.8% Other Operations Funds 33,182,604 40,221,190 20,963,023 9,303,918 9,954,250 52.1% 75.3% Special Revenue Funds 68,197,088 128,898,804 35,767,097 9,561,397 83,570,309 27.7% 35.2% All Funds 326,529,928 455,140,613 146,736,022 53,908,607 254,495,983 32.2% 44.1% 30

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Figure 4: Non-General Fund Expenditures, FY2023-24 Quarter 3 - Table

 Capital Improvement Funds - total expenditures without encumbrances are at

15.7 percent and with encumbrances are at 33.4 percent. A major source for the positive variance is the General Capital fund. Several projects are fully appropriated in the current fiscal year even though those are multi-year projects.  Debt Service Funds - total expenditures are 90.1 percent of the budget due to the debt service schedules.
 Enterprise Funds - total expenditures without encumbrances are 28.3 percent and with encumbrances are at 36.8 percent. The primary driver for the positive variance is the Wastewater fund capital projects. The capital projects are moving at a slower pace than anticipated in the budget.
 Housing Funds - total expenditures without encumbrances are 8.1 percent and with encumbrances 8.6 percent. The primary source of the positive variance is the Community Development Block Grants fund.
 Richmond Housing Authority Funds - total expenditures without encumbrance are 44.8 percent of the budget and 47.7 percent with encumbrances. The major source of the positive variance is expenditures trending lower than budgeted in the Central Office.
 Internal Service Funds - total expenditures are 55.5 percent without encumbrances and 70.8 percent with encumbrances. A major driver of the variance is lower than expected vacation pay outs.
 Other Operations Fuinds - total expenditures without encumbrances are 52.1 percent of the budget and 75.3 percent with encumbrances. A major source of the positive variance is the grant expenditures in several funds.  Special Revenue - total expenditures are 27.7 percent of the budget without encumbrance and 35.2 percent with encumbrances. A major source of the positive variance are the Transformative Climate Community and Encampment Resolution Fund grants.

Next Steps
The Q3 budget review includes estimated FY 2023-24 year-end projections based on year-to-date actuals and anticipated year-end results. City staff will continue to closely -
20,000,000
40,000,000
60,000,000
80,000,000
100,000,000
120,000,000
140,000,000
Million
Fund Type
REVISED BUDGET ACTUALS THRU MARCH 2024
31

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monitor the revenue and expenditures as we prepare to close out the current fiscal year to determine if additional adjustments will need to be made with the quarter 4 budget review.

Staff is in the process of updating the Guiding Fiscal Policies to incorporate Government Finance Officers Association (GFOA) recommended best practices for estimating recurring and non-recurring revenue, specifically the Documentary Transfer Tax. The revised policy is anticipated to be included on the June 4, 2024, City Council agenda.

DOCUMENTS ATTACHED:

Attachment 1 – FY 2023-24 Q3 Budget Review
Attachment 2 – American Rescue Plan Act (ARPA) Funding by Department Attachment 3 – Capital Improvement Projects
Attachment 4 – Resolution

32 Attachment 1 - FY2023-24 Q3 Budget Review
FUNDS
FY2023-24

ORIGINAL
BUDGET
FY2023-24

REVISED BUDGET

ACTUALS
THRU
MARCH 2024
ENCUMB
W/
ENCUMB
% USED
W/O
ENCUMB
% USED

AVAILABLE
BUDGET
FY2023-24

YEAR-END

PROJECTION
NOTES

GENERAL FUND REVENUE & EXPENDITURE SUMMARY BY CHARACTER GENERAL FUND - 0001
PROPERTY TAXES (50,567,173) (52,181,354) (28,367,873) - 54% 54% (23,813,481) (54,065,269) [1] SALES & USE TAX (56,752,495) (57,897,341) (35,235,093) - 61% 61% (22,662,248) (61,241,216) [2] UTILITY USERS TAX (55,775,083) (57,938,011) (43,516,676) - 75% 75% (14,421,336) (57,921,746) OTHER TAXES (23,237,723) (24,144,377) (7,498,664) - 31% 31% (16,645,713) (19,670,324) [3] LICENSES,PRMITS&FEES (13,286,195) (15,779,175) (11,092,118) - 70% 70% (4,687,058) (16,223,582) [4] FINES & FORFEITURES (331,144) (151,438) (132,107) - 87% 87% (19,331) (189,996) USE OF MONEY&PROPRTY (1,011,535) (1,796,421) (1,871,727) - 104% 104% 75,306 (3,000,000) CHARGES FOR SERVICES (2,561,992) (2,536,992) (1,622,050) - 64% 64% (914,942) (2,242,226) [5] OTHER REVENUE (238,480) (238,480) (190,672) - 80% 80% (47,808) (277,531) RENTAL INCOME (777,028) (777,028) (743,653) - 96% 96% (33,375) (1,009,971) INTERGOV STATE TAXES (125,000) (125,000) (143,154) - 115% 115% 18,154 (143,154) INTERGOV STATE GRANT (110,000) (183,911) (146,980) - 80% 80% (36,931) (197,270) INTERGOV OTHER GRANT (250,000) (280,000) (328,851) - 117% 117% 48,851 (358,854) PROC FR SLE PROP - - (4,987) - - 100% 4,987 (8,654) [6] LOAN/BOND PROCEEDS (40,400) (40,400) - - 0% 0% (40,400) - [7] OPER XFERS IN (20,310,358) (20,310,358) (20,288,662) - 100% 100% (21,696) (20,288,662) [8] TOTAL GENERAL FUND REVENUE (225,374,607) (234,380,287) (151,183,268) - 65% 65% (83,197,019) (236,838,455) SALARIES AND WAGES 83,345,132 85,847,575 59,720,372 - 70% 70% 26,127,203 82,762,173 PYRLL/FRINGE BENEFIT 62,867,833 65,538,296 45,714,058 - 70% 70% 19,824,238 63,827,262 PROF & ADMIN 20,302,711 21,688,714 8,367,438 3,522,409 55% 39% 9,798,867 14,552,294 OTHER OPERATING 8,611,971 8,963,844 4,215,595 1,197,514 60% 47% 3,550,735 5,161,150 UTILITIES 5,288,272 5,690,630 3,964,534 311,625 75% 70% 1,414,470 6,056,600 EQPT & CONTRACT SVCS 5,918,655 5,946,835 2,124,002 327,684 41% 36% 3,495,148 2,896,738 PROVISN FOR INS LOSS 34,200 34,200 29,572 - 86% 86% 4,628 29,419 [9] COST POOL 21,593,734 21,593,734 16,209,785 - 75% 75% 5,383,949 21,593,734 ASSET/CAPITAL OUTLAY 1,893,500 2,817,457 1,397,213 712,127 75% 50% 708,117 3,801,894 DEBT SVC EXPENDITURE 841,353 841,353 418,000 - 50% 50% 423,353 1,476,147 A87 COST PLAN REIMBS (3,531,611) (3,514,373) (2,728,797) - 78% 78% (785,576) (3,514,373) [10] GRANT EXPENDITURES 19,155 98,723 (1,625) 6,277 5% -2% 94,071 (10,009) OPER XFERS OUT 18,189,702 30,748,126 22,463,494 - 73% 73% 8,284,632 34,806,564 [11] TOTAL GENERAL FUND EXPENDITURE 225,374,607 246,295,113 161,893,64 0 6,077,636 68% 66% 78,323,837 233,439,593 GENERAL FUND - NET (SURPLUS)DEFICIT - 11,914,826 (3,398,862) BEGINNING BALANCE: 7/1/23 55,196,962 55,196,962 55,196,962 21% Reserve Policy 47,328,667 53,026,901 53,026,901 ESTIMATED ENDING BALANCE: 6/30/24 7,868,295 (9,744,765) 5,568,923 NOTES
[6] Received monies from auction payout from J.J. Kane Auctioneers and sale of scrap metals [1] Property tax assessments are received in December, April and June. [2] Sales & Use Tax is received two months in arrears
[3] Transfer tax is trending lower. This is a volatile revenue stream and varies significantly from month to month. A few large sales have a significant impact. [4] Measure U revenue will be received between January and June of 2024. [5] Revenues are received intermittent after services are completed. [7] Loan proceeds are received based on loan repayment schedules [8] Transfer In for Secured Pension Override Fund FY2023-24 [9] Annual insurance premiums for drones, fire boat and fire apparatus [10] Administrative overhead reimbursement from non-general fund departments as part of A87 Cost Plan. [11] Transfers Out per the City Council approved schedule to various programs.

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Attachment 1 - FY2023-24 Q3 Budget Review
FUNDS
FY2023-24

ORIGINAL
BUDGET
FY2023-24

REVISED BUDGET

ACTUALS
THRU
MARCH 2024
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BUDGET NOTES

GENERAL FUND REVENUE AND EXPENDITURES BY DEPARTMENT
10 OFFICE OF THE MAYOR
SALARIES AND WAGES 372,679 362,679 223,956 - 62% 62% 138,724 PYRLL/FRINGE BENEFIT 258,424 258,424 137,893 - 53% 53% 120,531 PROF & ADMIN 20,500 30,500 9,705 - 32% 32% 20,795 OTHER OPERATING 3,400 3,400 245 - 7% 7% 3,155 UTILITIES 3,000 3,000 3,486 - 116% 116% (486) [12] COST POOL 35,927 35,927 26,945 - 75% 75% 8,982 EXPENDITURE 693,930 693,930 402,230 - 58% 58% 291,700 11 CITY COUNCIL
SALARIES AND WAGES 329,452 329,452 250,058 - 76% 76% 79,394 [13] PYRLL/FRINGE BENEFIT 322,675 322,675 196,112 - 61% 61% 126,563 PROF & ADMIN 55,450 57,798 18,064 70 31% 31% 39,664 OTHER OPERATING 18,800 16,452 9,386 1,513 66% 57% 5,554 UTILITIES 1,100 1,100 - - 0% 0% 1,100 EQPT & CONTRACT SVCS - 55,000 - - 0% 0% 55,000 COST POOL 51,068 51,068 38,300 - 75% 75% 12,768 ASSET/CAPITAL OUTLAY 3,000 3,000 - - 0% 0% 3,000 EXPENDITURE 781,545 836,545 511,919 1,583 61% 61% 323,043 12 COMMUNITY POL REV COMMISSION
SALARIES AND WAGES 50,000 50,000 34,414 - 69% 69% 15,586 PYRLL/FRINGE BENEFIT 688 688 3,058 - 444% 444% (2,370) [14] PROF & ADMIN 24,450 24,450 8,862 65 37% 36% 15,523 OTHER OPERATING 1,050 1,050 384 - 37% 37% 666 EXPENDITURE 76,188 76,188 46,718 65 61% 61% 29,405 13 CITY MANAGER
INTERGOV STATE GRANT - - 33,442 - - - (33,442) REVENUE - - 33,442 - - - (33,442) SALARIES AND WAGES 672,538 622,538 490,292 - 79% 79% 132,246 [15] PYRLL/FRINGE BENEFIT 319,662 319,662 237,757 - 74% 74% 81,906 PROF & ADMIN 204,347 248,597 30,266 75,711 43% 12% 142,620 OTHER OPERATING 9,400 14,700 9,418 1,332 73% 64% 3,950 UTILITIES - 100 430 - 430% 430% (330) [16] EQPT & CONTRACT SVCS 200 200 49 26 38% 24% 125 COST POOL 69,244 69,244 51,934 - 75% 75% 17,310 ASSET/CAPITAL OUTLAY - 350 497 - 142% 142% (147) [17] A87 COST PLAN REIMBS (180,453) (179,572) (134,680) - 75% 75% (44,892) EXPENDITURE 1,094,938 1,095,819 685,962 77,069 70% 63% 332,788 NOTES
[15] Journals for contras for staff time on grants have not been completed [16] Paid Verizon wireless charges. A budget transfer will be done to cover overage [17] Purchased a printer; no other expenses are anticipated [12] Verizon Wireless cell phone charges trending higher than anticipated [14] Worker's Comp Clerical and Medicare Tax are not budgeted [13] Part-time salaries was not budgeted

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Attachment 1 - FY2023-24 Q3 Budget Review
FUNDS
FY2023-24

ORIGINAL
BUDGET
FY2023-24

REVISED BUDGET

ACTUALS
THRU
MARCH 2024
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BUDGET NOTES
14 CITY CLERK
LICENSES,PRMITS&FEES (600) (600) (200) - 33% 33% (400) [18] CHARGES FOR SERVICES (3,000) (3,000) (4,900) - 163% 163% 1,900 OTHER REVENUE - - (275) - - - 275 REVENUE (3,600) (3,600) (5,375) - 149% 149% 1,775 SALARIES AND WAGES 489,328 489,328 393,606 - 80% 80% 95,722 [19] PYRLL/FRINGE BENEFIT 294,431 294,431 230,896 - 78% 78% 63,535 [20] PROF & ADMIN 145,100 155,100 52,834 11,493 41% 34% 90,773 OTHER OPERATING 20,300 20,300 6,933 1,199 40% 34% 12,167 UTILITIES 1,000 1,000 281 - 28% 28% 719 COST POOL 61,454 61,454 46,091 - 75% 75% 15,363 A87 COST PLAN REIMBS (70,463) (70,119) (52,590) - 75% 75% (17,529) EXPENDITURE 941,150 951,494 678,052 12,692 73% 71% 260,750 15 CITY ATTORNEY
LICENSES,PRMITS&FEES - - (852) - - - 852 [21] REVENUE - - (852) - - - 852 SALARIES AND WAGES 1,381,647 1,376,647 671,343 - 49% 49% 705,304 PYRLL/FRINGE BENEFIT 744,333 744,333 349,868 - 47% 47% 394,465 PROF & ADMIN 1,974,850 1,998,050 895,262 532,267 71% 45% 570,521 OTHER OPERATING 27,750 27,950 8,491 15,143 85% 30% 4,316 [22] UTILITIES - 1,600 910 - 57% 57% 690 EQPT & CONTRACT SVCS 1,250 1,250 76 27 8% 6% 1,146 COST POOL 112,565 112,565 84,425 - 75% 75% 28,140 A87 COST PLAN REIMBS (319,088) (317,531) (238,148) - 75% 75% (79,383) EXPENDITURE 3,923,307 3,944,864 1,772,228 547,437 59% 45% 1,625,199 16 PLANNING & BUILDING SERVICES
LICENSES,PRMITS&FEES (955,500) (955,500) (559,144) - 59% 59% (396,356) [23] OTHER REVENUE (30,000) (30,000) (54,054) - 180% 180% 24,054 REVENUE (985,500) (985,500) (613,199) - 62% 62% (372,301) SALARIES AND WAGES 866,463 886,463 546,074 - 62% 62% 340,389 PYRLL/FRINGE BENEFIT 652,308 652,308 409,373 - 63% 63% 242,935 PROF & ADMIN 875,400 875,400 91,387 143,639 27% 10% 640,374 OTHER OPERATING 28,947 28,947 10,896 1,892 44% 38% 16,159 UTILITIES 11,500 11,500 2,095 9,405 100% 18% - [24] EQPT & CONTRACT SVCS 13,549 13,549 - - 0% 0% 13,549 COST POOL 289,411 289,411 175,810 - 61% 61% 113,601 EXPENDITURE 2,737,578 2,757,578 1,235,635 154,937 50% 45% 1,367,005 NOTES
[18] Photocopy fees are not received every month
[19] Staff salaries slightly higher than anticipated
[20] Worker compensation Clerical higher and payroll fringe benefits higher than anticipated [21] Revenue collected for photocopy fees
[22] PO encumbered with Ricoh USA Inc. for copier rental services [23] Abatement fees are trending lower than expected
[24] PO encumbered with Verizon Wireless for cellular services.

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Attachment 1 - FY2023-24 Q3 Budget Review
FUNDS
FY2023-24

ORIGINAL
BUDGET
FY2023-24

REVISED BUDGET

ACTUALS
THRU
MARCH 2024
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BUDGET NOTES
17 FINANCE
SALARIES AND WAGES 3,491,350 3,415,650 2,324,722 - 68% 68% 1,090,928 PYRLL/FRINGE BENEFIT 2,228,150 2,228,150 1,408,775 - 63% 63% 819,375 PROF & ADMIN 1,014,389 1,089,309 662,148 138,103 73% 61% 289,058 OTHER OPERATING 65,806 65,806 44,937 15,088 91% 68% 5,781 [25] UTILITIES 1,400 1,400 2,015 - 144% 144% (615) [26] EQPT & CONTRACT SVCS 435 1,215 459 621 89% 38% 135 [27] COST POOL 283,577 283,577 212,681 - 75% 75% 70,896 A87 COST PLAN REIMBS (1,152,435) (1,146,811) (860,116) - 75% 75% (286,695) EXPENDITURE 5,932,672 5,938,296 3,795,621 153,812 67% 64% 1,988,863 18 HUMAN RESOURCES
SALARIES AND WAGES 1,323,935 1,323,935 756,407 - 57% 57% 567,528 PYRLL/FRINGE BENEFIT 828,677 828,677 423,660 - 51% 51% 405,017 PROF & ADMIN 1,119,700 1,119,700 580,488 217,020 71% 52% 322,192 [28] OTHER OPERATING 35,705 35,705 23,178 2,032 71% 65% 10,495 UTILITIES 1,500 1,500 494 - 33% 33% 1,006 EQPT & CONTRACT SVCS 150 150 49 1 33% 32% 100 COST POOL 218,189 218,189 163,643 - 75% 75% 54,546 A87 COST PLAN REIMBS (184,290) (183,390) (137,544) - 75% 75% (45,846) EXPENDITURE 3,343,566 3,344,466 1,810,375 219,053 61% 54% 1,315,038 19 POLICE
LICENSES,PRMITS&FEES (90,000) (132,980) (107,994) - 81% 81% (24,986) FINES & FORFEITURES (50,000) (25,000) (37,710) - 151% 151% 12,710 CHARGES FOR SERVICES (1,068,000) (1,008,000) (652,739) - 65% 65% (355,261) [29] OTHER REVENUE (12,000) (12,000) (9,270) - 77% 77% (2,730) INTERGOV STATE GRANT (10,000) (83,911) (90,592) - 108% 108% 6,681 [30] INTERGOV OTHER GRANT (250,000) (280,000) (328,851) - 117% 117% 48,851 [31] REVENUE (1,480,000) (1,541,891) (1,227,157) - 80% 80% (314,734) SALARIES AND WAGES 34,418,730 36,398,581 23,489,009 - 65% 65% 12,909,572 PYRLL/FRINGE BENEFIT 27,058,010 27,058,010 16,643,971 - 62% 62% 10,414,039 PROF & ADMIN 5,348,305 5,569,773 3,107,174 1,011,659 74% 56% 1,450,939 OTHER OPERATING 2,972,200 2,980,659 2,085,959 623,953 91% 70% 270,747 [32] UTILITIES 400,000 400,000 212,474 75,308 72% 53% 112,219 EQPT & CONTRACT SVCS 614,600 467,600 125,926 56,838 39% 27% 284,836 PROVISN FOR INS LOSS 5,700 5,700 5,200 - 91% 91% 500 [33] COST POOL 5,463,534 5,463,534 4,007,652 - 73% 73% 1,455,882 ASSET/CAPITAL OUTLAY 735,000 652,073 171,122 133,613 47% 26% 347,338 EXPENDITURE 77,016,079 78,995,930 49,848,487 1,901,371 66% 63% 27,246,072 NOTES
[28] PO's encumbered with Raftelis Financial Consultants for workforce analysis, and Liebert Cassidy Whitmore for labor negotiations and employment advise [31] Contra Costa County grant to supplement law enforcement services. First installment received in October 2023 [29] Revenues for false alarms and police special services have not been received and can not be estimated when it will be received [25] PO encumbered with Ricoh USA Inc. for copier lease [26] Verizon Wireless charges higher than anticipated
[27] Encumbered funds for shredding services
[30] State of California grant for Police Officers Standards Training (POST). Historically this grant has been $10K but due to an increase in new hires participation in training has been higher.
[32] PO's encumbered with Dicon Fiberoptics Inc. for building lease, and Enterprise Rent a Car for investigative team vehicle rental [33] Annual insurance premium for drones

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Attachment 1 - FY2023-24 Q3 Budget Review
FUNDS
FY2023-24

ORIGINAL
BUDGET
FY2023-24

REVISED BUDGET

ACTUALS
THRU
MARCH 2024
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BUDGET NOTES
20 FIRE
LICENSES,PRMITS&FEES (855,000) (855,000) (246,305) - 29% 29% (608,695) [34] CHARGES FOR SERVICES (720,503) (720,503) (183,925) - 26% 26% (536,578) [35] REVENUE (1,575,503) (1,575,503) (430,230) - 27% 27% (1,145,273) SALARIES AND WAGES 19,063,727 19,716,627 13,667,852 - 69% 69% 6,048,775 PYRLL/FRINGE BENEFIT 15,085,269 15,085,269 10,076,251 - 67% 67% 5,009,018 PROF & ADMIN 1,699,815 1,883,771 151,616 116,504 14% 8% 1,615,652 OTHER OPERATING 817,694 1,100,694 147,032 10,679 14% 13% 942,984 UTILITIES 33,500 33,500 12,102 - 36% 36% 21,398 EQPT & CONTRACT SVCS 215,850 407,913 5,619 (105) 1% 1% 402,398 PROVISN FOR INS LOSS 27,000 27,000 24,372 - 90% 90% 2,628 [36] COST POOL 2,507,975 2,507,975 1,775,986 - 71% 71% 731,989 ASSET/CAPITAL OUTLAY 25,500 25,500 14,993 - 59% 59% 10,507 DEBT SVC EXPENDITURE 114,442 114,442 57,243 - 50% 50% 57,199 OPER XFERS OUT 326,018 326,018 244,514 - 75% 75% 81,504 EXPENDITURE 39,916,790 41,228,708 26,177,578 127,078 64% 63% 14,924,052 21 OFFICE OF NEIGHBORHOOD SAFETY
SALARIES AND WAGES 1,510,773 1,510,773 988,336 - 65% 65% 522,437 PYRLL/FRINGE BENEFIT 1,038,192 1,038,192 739,917 - 71% 71% 298,275 PROF & ADMIN 783,710 783,710 50,218 20,000 9% 6% 713,492 OTHER OPERATING 97,640 97,640 21,728 2,039 24% 22% 73,873 UTILITIES 20,000 20,000 12,361 - 62% 62% 7,639 COST POOL 242,344 242,344 181,759 - 75% 75% 60,585 ASSET/CAPITAL OUTLAY 28,000 28,000 2,874 - 10% 10% 25,126 GRANT EXPENDITURES - - 12 - - - (12) EXPENDITURE 3,720,659 3,720,659 1,997,206 22,039 54% 54% 1,701,414 NOTES
[34] Fire inspection fees differ monthly
[35] All service charges for Chevron Refinery have not been recorded [36] Annual insurance premium for fire boat and fire apparatus FY2023-24

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Attachment 1 - FY2023-24 Q3 Budget Review
FUNDS
FY2023-24

ORIGINAL
BUDGET
FY2023-24

REVISED BUDGET

ACTUALS
THRU
MARCH 2024
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BUDGET NOTES
23 PUBLIC WORK & ENGINEERING SVCS
LICENSES,PRMITS&FEES (106,100) (106,100) (14,501) - 14% 14% (91,599) [37] CHARGES FOR SERVICES (638,289) (673,289) (778,779) - 116% 116% 105,490 OTHER REVENUE (120,000) (120,000) (10,864) - 9% 9% (109,136) [38] RENTAL INCOME (18,000) (18,000) (12,913) - 72% 72% (5,087) [39] PROC FR SLE PROP - - (4,987) - - - 4,987 REVENUE (882,389) (917,389) (822,044) - 90% 90% (95,345) SALARIES AND WAGES 9,589,943 9,716,961 7,641,748 - 79% 79% 2,075,214 [40] PYRLL/FRINGE BENEFIT 8,053,057 8,053,057 5,843,351 - 73% 73% 2,209,706 PROF & ADMIN 1,268,113 1,170,822 331,268 193,798 45% 28% 645,756 OTHER OPERATING 2,453,620 2,376,264 1,646,333 411,090 87% 69% 318,841 [41] UTILITIES 4,058,504 4,456,504 3,361,386 166,734 79% 75% 928,384 [42] EQPT & CONTRACT SVCS 957,400 1,604,047 467,745 214,978 43% 29% 921,325 COST POOL 7,596,307 7,596,307 4,838,499 - 64% 64% 2,757,808 ASSET/CAPITAL OUTLAY 35,000 335,000 134,445 143,505 83% 40% 57,050 [43] DEBT SVC EXPENDITURE 726,911 726,911 360,757 - 50% 50% 366,154 A87 COST PLAN REIMBS (647,398) (644,238) (576,205) - 89% 89% (68,033) [44] EXPENDITURE 34,091,457 35,391,635 24,049,325 1,130,104 71% 68% 10,212,205 24 LIBRARY & CULTURAL SERVICES
RENTAL INCOME (20,000) (20,000) (23,180) - 116% 116% 3,180 REVENUE (20,000) (20,000) (23,180) - 116% 116% 3,180 SALARIES AND WAGES 2,821,326 2,821,326 2,029,682 - 72% 72% 791,644 PYRLL/FRINGE BENEFIT 2,096,396 2,096,396 1,397,879 - 67% 67% 698,517 PROF & ADMIN 686,353 662,036 414,064 84,490 75% 63% 163,482 OTHER OPERATING 57,220 50,261 26,291 16,430 85% 52% 7,540 [45] UTILITIES 9,700 28,284 4,372 20,680 89% 15% 3,231 [46] EQPT & CONTRACT SVCS 1,600 1,300 180 20 15% 14% 1,100 COST POOL 285,035 285,035 213,776 - 75% 75% 71,259 ASSET/CAPITAL OUTLAY 20,100 33,092 6,660 - 20% 20% 26,432 EXPENDITURE 5,977,730 5,977,730 4,092,904 121,620 71% 68% 1,763,206 NOTES
[37] Abatement and Admin fees received differ monthly.
[38] Miscellaneous revenues differs month to month
[39] Rental income received differs monthly.
[40] Stand-by pay was not budgeted for Electrical and Station Engineers divisions [41] PO encumbered with Bosco Oil Company for bulk fuel delivery for City of Richmond (COR) 3 fuel sites. [42] PO's encumbered with ABAG Energy Resources for heating and natural gas for City of Richmond (COR) buildings, and with Verizon Wireless for communications and media related services
[43] Encumbered maintenance materials for Hilltop Soundwall repairs from Nema Construction [44] Admin charges for general liability services slightly higher than anticipated [45] PO encumbered with Ricoh USA Inc. for copier lease [46] Verizon Wireless Internet services charges encumbered

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Attachment 1 - FY2023-24 Q3 Budget Review
FUNDS
FY2023-24

ORIGINAL
BUDGET
FY2023-24

REVISED BUDGET

ACTUALS
THRU
MARCH 2024
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BUDGET NOTES
25 COMMUNITY SERVICES
LICENSES,PRMITS&FEES (548,720) (548,720) (421,223) - 77% 77% (127,497) OTHER REVENUE (16,000) (16,000) (68,370) - 427% 427% 52,370 [47] RENTAL INCOME (563,950) (563,950) (572,344) - 101% 101% 8,394 REVENUE (1,128,670) (1,128,670) (1,061,936) - 94% 94% (66,734) SALARIES AND WAGES 4,100,628 3,984,002 2,621,029 - 66% 66% 1,362,973 PYRLL/FRINGE BENEFIT 1,615,873 1,615,014 1,737,539 - 108% 108% (122,525) [48] PROF & ADMIN 595,426 701,746 212,388 109,535 46% 30% 379,823 OTHER OPERATING 74,233 359,777 23,905 6,881 9% 7% 328,992 UTILITIES 44,625 46,699 20,653 14,055 74% 44% 11,991 EQPT & CONTRACT SVCS 6,000 6,000 131 19 3% 2% 5,850 COST POOL 366,110 366,110 274,585 - 75% 75% 91,525 ASSET/CAPITAL OUTLAY 12,927 16,491 15,355 - 93% 93% 1,136 [49] GRANT EXPENDITURES 19,155 98,723 (1,637) 6,277 5% -2% 94,083 OPER XFERS OUT - 77,500 - - 0% 0% 77,500 EXPENDITURE 6,834,977 7,272,063 4,903,948 136,766 69% 67% 2,231,349 26 INFORMATION TECHNOLOGY
OTHER REVENUE - - (188) - - - 188 REVENUE - - (188) - - - 188 SALARIES AND WAGES 1,042,181 1,042,181 713,380 - 68% 68% 328,801 PYRLL/FRINGE BENEFIT 661,502 661,502 426,007 - 64% 64% 235,495 PROF & ADMIN 860,432 1,365,432 608,889 92,430 51% 45% 664,113 OTHER OPERATING 79,945 121,945 54,163 56,429 91% 44% 11,353 [50] UTILITIES 435,100 417,100 331,369 22,943 85% 79% 62,788 [51] EQPT & CONTRACT SVCS 3,969,799 3,214,821 1,523,577 19,290 48% 47% 1,671,954 COST POOL 148,843 148,843 111,634 - 75% 75% 37,209 ASSET/CAPITAL OUTLAY 1,033,473 1,723,451 1,050,829 435,009 86% 61% 237,613 [52] A87 COST PLAN REIMBS (410,873) (408,867) (306,649) - 75% 75% (102,218) OPER XFERS OUT - 294,000 - - 0% 0% 294,000 EXPENDITURE 7,820,402 8,580,408 4,513,199 626,101 60% 53% 3,441,108 NOTES
[47] Received more payments from Club Evolution than anticipated. [48] Workers compensation Clerical and Unemployment Insurance are higher than anticipated [49] Purchased a TV monitor and lobby chairs for BTA Community Center [50] PO encumbered with Ricoh USA Inc. for copier lease [52] PO encumbered with Nonagon Technology for network upgrade for Richmond Police Department dispatch software [51] Encumbered T-Mobile and AT&T Wireless charges

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Attachment 1 - FY2023-24 Q3 Budget Review
FUNDS
FY2023-24

ORIGINAL
BUDGET
FY2023-24

REVISED BUDGET

ACTUALS
THRU
MARCH 2024
ENCUMB
W/
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% USED
W/O
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% USED

AVAILABLE

BUDGET NOTES
36 ECONOMIC DEVELOPMENT PROGRM
OTHER TAXES (1,687,995) (1,687,995) (1,017,639) - 60% 60% (670,356) [53] OPER XFERS IN (86,778) (86,778) (65,082) - 75% 75% (21,696) REVENUE (1,774,773) (1,774,773) (1,082,721) - 61% 61% (692,052) SALARIES AND WAGES 473,946 473,946 613,348 - 129% 129% (139,401) [54] PYRLL/FRINGE BENEFIT 316,160 316,160 310,072 - 98% 98% 6,088 [55] PROF & ADMIN 1,791,036 1,839,507 315,450 486,193 44% 17% 1,037,864 OTHER OPERATING 60,750 70,750 5,704 1,199 10% 8% 63,847 UTILITIES 10,440 10,440 106 2,500 25% 1% 7,834 EQPT & CONTRACT SVCS 1,000 1,000 192 - 19% 19% 808 PROVISN FOR INS LOSS 1,500 1,500 - - 0% 0% 1,500 COST POOL 63,190 63,190 47,395 - 75% 75% 15,795 ASSET/CAPITAL OUTLAY - - 438 - - - (438) [56] EXPENDITURE 2,718,022 2,776,493 1,292,705 489,893 64% 47% 993,896 37 INTERNAL SERVICES PROGRAM
SALARIES AND WAGES 167,088 167,088 152,259 - 91% 91% 14,829 [57] PYRLL/FRINGE BENEFIT 115,533 115,533 77,221 - 67% 67% 38,312 COST POOL 19,992 19,992 14,994 - 75% 75% 4,998 EXPENDITURE 302,613 302,613 244,474 - 81% 81% 58,139 38 TRANSPORTATION OPERATION
LICENSES,PRMITS&FEES (25,000) (25,000) (18,169) - 73% 73% (6,831) CHARGES FOR SERVICES (200) (200) (1,705) - 853% 853% 1,505 [58] REVENUE (25,200) (25,200) (19,874) - 79% 79% (5,326) SALARIES AND WAGES 250,100 230,100 162,858 - 71% 71% 67,242 PYRLL/FRINGE BENEFIT 136,247 136,247 87,324 - 64% 64% 48,923 PROF & ADMIN 10,500 10,500 755 - 7% 7% 9,745 OTHER OPERATING 17,200 17,200 1,988 1,825 22% 12% 13,387 EQPT & CONTRACT SVCS 6,600 6,600 - - 0% 0% 6,600 COST POOL 35,876 35,876 26,906 - 75% 75% 8,970 ASSET/CAPITAL OUTLAY 500 500 - - 0% 0% 500 OPER XFERS OUT - 20,000 - - 0% 0% 20,000 EXPENDITURE 457,023 457,023 279,831 1,825 62% 61% 175,367 NOTES
[53] A major portion of revenue from waste (garbage) taxes comes in June. [54] Staff salaries slightly higher than budgeted and no budget for auto allowance, medical flex and pension credits. A budget transfer will be done for the overages [55] Life, and unemployment insurance and other fringe benefits higher than anticipated [56] Purchased an office chair that was not budgeted.
[57] Staff salaries slightly higher due to longevity pay not budgeted [58] Received charges for services revenues for Richmond Moves transportation services

Page 8 of 3540 ends

Attachment 1 - FY2023-24 Q3 Budget Review
FUNDS
FY2023-24

ORIGINAL
BUDGET
FY2023-24

REVISED BUDGET

ACTUALS
THRU
MARCH 2024
ENCUMB
W/
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% USED
W/O
ENCUMB
% USED

AVAILABLE

BUDGET NOTES
91 NON-DEPARTMENTAL
PROPERTY TAXES (50,567,173) (52,181,354) (28,367,873) - 54% 54% (23,813,481) [59] SALES & USE TAX (56,752,495) (57,897,341) (35,235,093) - 61% 61% (22,662,248) [60] UTILITY USERS TAX (55,775,083) (57,938,011) (43,516,676) - 75% 75% (14,421,336) [61] OTHER TAXES (21,549,728) (22,456,382) (6,481,026) - 29% 29% (15,975,357) [62] LICENSES,PRMITS&FEES (10,705,275) (13,155,275) (9,723,729) - 74% 74% (3,431,546) [63] FINES & FORFEITURES (281,144) (126,438) (94,397) - 75% 75% (32,041) [64] USE OF MONEY&PROPRTY (1,011,535) (1,796,421) (1,871,727) - 104% 104% 75,306 [65] CHARGES FOR SERVICES (132,000) (132,000) (2) - 0% 0% (131,998) [66] OTHER REVENUE (60,480) (60,480) (47,651) - 79% 79% (12,829) [67] RENTAL INCOME (175,078) (175,078) (135,216) - 77% 77% (39,862) [68] INTERGOV STATE TAXES (125,000) (125,000) (143,154) - 115% 115% 18,154 [69] INTERGOV STATE GRANT (100,000) (100,000) (89,831) - 90% 90% (10,169) [70] LOAN/BOND PROCEEDS (40,400) (40,400) - - 0% 0% (40,400) [71] OPER XFERS IN (20,223,580) (20,223,580) (20,223,580) - 100% 100% - [72] REVENUE (217,498,972) (226,407,761) (145,929,954) - 64% 64% (80,477,807) NOTES
[64] MUNI Court Fines are trending lower than expected
[65] Interest revenue received
[66] The admin fee for waste collection is received in June [72] Transfer In for Secured Pension Override Fund FY2023-24 [59] Current-Unsecured property tax received. Major portion, Secured Property Tax is received in December, April and June. [60] Sales & Use Tax revenue has a lag of two months, full Quarter 1 revenue will be received in November. [61] Utility user tax is trending higher due to PG&E increases in revenue [62] Transfer tax is trending lower. It is a volatile revenue stream and varies significantly from month to month and a few large sales have a significant impact. [63] Measure U revenue will be received between January and December of 2024. [67] Miscellaneous revenues trending lower than anticipated [68] Received one-time payment ($50k) for rental fees from National Park Service [69] State taxes for motor vehicles fees received between January through March from the State of California [70] Received reimbursements for programs that fall under SB90 (State Mandated Claims Reimbursements) from State of CA [71] Loan proceeds are received based on loan repayment schedules

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Attachment 1 - FY2023-24 Q3 Budget Review
FUNDS
FY2023-24

ORIGINAL
BUDGET
FY2023-24

REVISED BUDGET

ACTUALS
THRU
MARCH 2024
ENCUMB
W/
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% USED
W/O
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% USED

AVAILABLE

BUDGET NOTES
SALARIES AND WAGES 929,298 929,298 1,950,001 - 210% 210% (1,020,703) [73] PYRLL/FRINGE BENEFIT 1,042,246 3,713,568 4,977,134 - 134% 134% (1,263,566) [74] PROF & ADMIN 1,824,836 2,102,513 826,599 289,433 53% 39% 986,481 OTHER OPERATING 1,770,311 1,574,343 88,624 28,790 7% 6% 1,456,928 UTILITIES 256,903 256,903 - - 0% 0% 256,903 EQPT & CONTRACT SVCS 130,222 166,190 - 35,968 22% 0% 130,222 COST POOL 3,743,093 3,743,093 3,916,770 - 105% 105% (173,677) [75] A87 COST PLAN REIMBS (566,611) (563,845) (422,865) - 75% 75% (140,980) OPER XFERS OUT 17,863,684 30,030,608 22,218,980 - 74% 74% 7,811,628 EXPENDITURE 26,993,982 41,952,671 33,555,244 354,191 81% 80% 8,043,236 GENERAL FUND - REVENUE TOTAL (225,374,607) (234,380,287) (151,183,268) - 65% 65% (83,197,019) GENERAL FUND - EXPENDITURE TOTAL 225,374,607 246,295,113 161,893,640 6,077,636 68% 66% 78,323,837 GENERAL FUND - NET (SURPLUS)DEFICIT - 11,914,826 10,710,373 6,077,636 141% 90% (4,873,183) BEGINNING BALANCE: 7/1/23 55,196,962 55,196,962 21% Reserve Policy 47,328,667 53,026,901
ESTIMATED ENDING BALANCE: 6/30/24 7,868,295 (9,744,765) NOTES
[73] Variance due to budget for anticipated 6M vacancy savings [74] Variance due to budget for anticipated 5.2M vacancy savings [75] Vehicle replacement internal service charges will be analyzed and a recommendation to adjust will be determined if needed.

Page 10 of 3542 ends

Attachment 1 - FY2023-24 Q3 Budget Review
FUNDS
FY2023-24

ORIGINAL
BUDGET
FY2023-24

REVISED
BUDGET

ACTUALS
THRU
MARCH 2024
ENCUMB
W/
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% USED

W/O ENCUMB
% USED

AVAILABLE
BUDGET
FY2023-24

YEAR-END

PROJECTION
NOTES
1001 SECURED PENSION OVERRIDE
PROPERTY TAXES (26,391,783) (26,391,783) (14,992,871) - 57% 57% (11,398,912) (26,391,783) [1] REVENUE (26,391,783) (26,391,783) (14,992,871) - 57% 57% (11,398,912) (26,391,783) OPER XFERS OUT 28,567,497 28,567,497 28,567,497 - 100% 100% - 28,567,497 [2] EXPENDITURE 28,567,497 28,567,497 28,567,497 - 100% 100% - 28,567,497 NET (SURPLUS)DEFICIT 2,175,715 2,175,715 2,175,715 BEGINNING BALANCE: 7/1/23 5,811,792 5,811,792 5,811,792 ESTIMATED ENDING BALANCE: 6/30/24 3,636,078 3,636,078 3,636,078 1002 STATE GAS TAX
USE OF MONEY&PROPRTY - - (33,747) - - - 33,747 - [3] INTERGOV STATE TAXES (3,289,455) (3,289,455) (2,125,153) - 65% 65% (1,164,302) (3,289,455) [4] REVENUE (3,289,455) (3,289,455) (2,158,900) - 66% 66% (1,130,555) (3,289,455) PROF & ADMIN 34,000 34,000 3,758 - 11% 11% 30,242 34,000 EQPT & CONTRACT SVCS 850,000 850,000 756,572 - 89% 89% 93,428 850,000 [5] ASSET/CAPITAL OUTLAY 2,236,105 2,418,441 1,425,222 393,490 75% 59% 599,728 2,418,441 EXPENDITURE 3,120,105 3,302,441 2,185,553 393,490 78% 66% 723,398 3,302,441 NET (SURPLUS)DEFICIT (169,350) 12,986 12,986 BEGINNING BALANCE: 7/1/23 1,281,446 1,281,446 1,281,446 ESTIMATED ENDING BALANCE: 6/30/24 1,450,796 1,268,460 1,268,460 NOTES
[1] Property tax assessment is received in December, April, and June [2] Transfer Out for Pension Obligation Bonds Unfunded Liability, Pension Tax Override portion, and Security & Exchange Commission Pension Override [3] Interest Income for money in the bank account
[4] Reimbursements are based on expenses that have occurred [5] Paid street paving maintenance service costs

Page 11 of 3543 ends

Attachment 1 - FY2023-24 Q3 Budget Review
FUNDS
FY2023-24

ORIGINAL
BUDGET
FY2023-24

REVISED
BUDGET

ACTUALS
THRU
MARCH 2024
ENCUMB
W/
ENCUMB
% USED

W/O ENCUMB
% USED

AVAILABLE
BUDGET
FY2023-24

YEAR-END

PROJECTION
NOTES
1003 TRANSPORTATION OPERATION
LICENSES,PRMITS&FEES - - (13,675) - - - 13,675 - [6] OTHER REVENUE (20,000) (20,000) (7,617) - 38% 38% (12,383) (20,000) [7] INTERGOV OTHER GRANT (859,097) (859,097) (24,000) - 3% 3% (835,097) (859,097) [8] OPER XFERS IN - (97,500) - - 0% 0% (97,500) (97,500) [9] REVENUE (879,097) (976,597) (45,292) - 5% 5% (931,305) (976,597) SALARIES AND WAGES 226,088 236,088 192,246 - 81% 81% 43,842 236,088 [10] PYRLL/FRINGE BENEFIT 226,214 226,214 177,278 - 78% 78% 48,936 226,214 [11] PROF & ADMIN 110,000 197,500 121,726 65,774 95% 62% 10,000 197,500 [12] OTHER OPERATING 7,900 7,900 4,017 1,788 73% 51% 2,095 7,900 UTILITIES 2,500 2,500 2,873 - 115% 115% (373) 2,500 [13] EQPT & CONTRACT SVCS 19,097 19,097 - - 0% 0% 19,097 19,097 COST POOL 270,211 270,211 202,660 - 75% 75% 67,551 270,211 EXPENDITURE 862,010 959,510 700,801 67,562 80% 73% 191,146 959,510 NET (SURPLUS)DEFICIT (17,087) (17,087) (17,087) BEGINNING BALANCE: 7/1/23 (837,776) (837,776) (837,776) ESTIMATED ENDING BALANCE: 6/30/24 (820,689) (820,689) (820,689) 1004 ASSET SEIZURE FUND
USE OF MONEY&PROPRTY - - (7,111) - - - 7,111 - [14] REVENUE - - (7,111) - - - 7,111 - ASSET/CAPITAL OUTLAY 140,000 202,025 9,996 - 5% 5% 192,029 202,025 EXPENDITURE 140,000 202,025 9,996 - 5% 5% 192,029 202,025 NET (SURPLUS)DEFICIT 140,000 202,025 202,025 BEGINNING BALANCE: 7/1/23 260,994 260,994 260,994 ESTIMATED ENDING BALANCE: 6/30/24 120,994 58,969 58,969 NOTES
[10] Current actual salaries slightly higher than budgeted but will not continue due to vacancies [11] Fringe benefits (Medical, Medicare, Dental) slightly higher than budgeted but will not continue due to vacancies [14] Interest Income from money in the bank account
[13] Paid Verizon wireless charges. Will make a budget transfer for the overage [12] Subsidized Lyft ride expenses
[6] Budget will be added for revenue received for Enterprise zone fee [7] R-Transit script book revenues has not been received yet [8] Reimbursements are based on expenses that have occurred [9] Reversed duplicate payment from T2 systems.

Page 12 of 3544 ends

Attachment 1 - FY2023-24 Q3 Budget Review
FUNDS
FY2023-24

ORIGINAL
BUDGET
FY2023-24

REVISED
BUDGET

ACTUALS
THRU
MARCH 2024
ENCUMB
W/
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% USED

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% USED

AVAILABLE
BUDGET
FY2023-24

YEAR-END

PROJECTION
NOTES
1005 LIBRARY FUND
FINES & FORFEITURES - - (6,560) - - - 6,560 - [15] USE OF MONEY&PROPRTY - - (126,326) - - - 126,326 - [16] INTERGOV FED GRANT - (65,296) (41,796) - 64% 64% (23,500) (65,296) [17] INTERGOV STATE GRANT (10,175,752) (10,195,354) (179,395) - 2% 2% (10,015,959) (10,195,354) [18] INTERGOV OTHER GRANT (60,000) (219,333) - - 0% 0% (219,333) (219,333) [19] REVENUE (10,235,752) (10,479,983) (354,077) - 3% 3% (10,125,906) (10,479,983) SALARIES AND WAGES (161,645) (161,645) - - 0% 0% (161,645) (161,645) PYRLL/FRINGE BENEFIT (52,045) (29,834) - - 0% 0% (29,834) (29,834) PROF & ADMIN 477,780 676,082 123,237 88,268 31% 18% 464,577 676,082 OTHER OPERATING 12,183 22,901 11,783 3,528 67% 51% 7,590 22,901 ASSET/CAPITAL OUTLAY 9,954,479 9,962,899 196,812 949,572 12% 2% 8,816,515 9,962,899 GRANT EXPENDITURES 5,000 17,500 23,995 1,372 145% 137% (7,867) 17,500 [20] EXPENDITURE 10,235,752 10,487,903 355,828 1,042,739 13% 3% 9,089,336 10,487,903 NET (SURPLUS)DEFICIT - 7,920 7,920 BEGINNING BALANCE: 7/1/23 213,907 213,907 213,907 ESTIMATED ENDING BALANCE: 6/30/24 213,907 205,987 205,987 1006 OUTSIDE FUNDED SVCS - GRANTS
INTERGOV STATE GRANT (21,986,200) (29,144,539) (4,249,887) - 15% 15% (24,894,652) (29,144,539) [21] INTERGOV OTHER GRANT (58,812) (494,337) (140,385) - 28% 28% (353,952) (494,337) [22] REVENUE (22,045,012) (29,638,876) (4,390,272) - 15% 15% (25,248,604) (29,638,876) PROF & ADMIN 3,629,224 7,702,921 1,576,370 2,883,125 58% 20% 3,243,425 7,702,921 OTHER OPERATING 16,977 66,227 144 - 0% 0% 66,083 66,227 UTILITIES 50,000 90,500 - - 0% 0% 90,500 90,500 EQPT & CONTRACT SVCS 272,000 272,000 121,000 - 44% 44% 151,000 272,000 ASSET/CAPITAL OUTLAY 15,144,623 21,092,389 7,814,602 2,788,274 50% 37% 10,489,513 21,092,389 GRANT EXPENDITURES 2,932,188 3,003,988 349,880 9,217 12% 12% 2,644,891 3,003,988 EXPENDITURE 22,045,012 32,228,024 9,861,996 5,680,616 48% 31% 16,685,412 32,228,024 NET (SURPLUS)DEFICIT - 2,589,149 2,589,149 BEGINNING BALANCE: 7/1/23 (4,485,822) (4,485,822) (4,485,822) ESTIMATED ENDING BALANCE: 6/30/24 (4,485,822) (7,074,970) (7,074,970) NOTES
[17,18,19] Reimbursements are based on expenses that have occurred [16] Interest Income from money in the bank account
[15] Received revenues from Library fines and fees that were not budgeted [20] Wireless hot-spot monthly service is more than anticipated [21] Reimbursements are based on expenses that have occurred [22] Received funding for MLK turf replacement and reimbursement for BEAM EV ARC Grant

Page 13 of 3545 ends

Attachment 1 - FY2023-24 Q3 Budget Review
FUNDS
FY2023-24

ORIGINAL
BUDGET
FY2023-24

REVISED
BUDGET

ACTUALS
THRU
MARCH 2024
ENCUMB
W/
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% USED

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% USED

AVAILABLE
BUDGET
FY2023-24

YEAR-END

PROJECTION
NOTES
1007 EMERGENCY MED SERV
PROPERTY TAXES (215,586) (215,586) - - 0% 0% (215,586) (215,586) [23] USE OF MONEY&PROPRTY - - (8,009) - - - 8,009 - [24] REVENUE (215,586) (215,586) (8,009) - 4% 4% (207,578) (215,586) PROF & ADMIN 103,100 103,100 12,117 4,000 16% 12% 86,983 103,100 OTHER OPERATING 38,486 38,486 24,016 - 62% 62% 14,470 38,486 EQPT & CONTRACT SVCS 74,000 74,000 - - 0% 0% 74,000 74,000 EXPENDITURE 215,586 215,586 36,133 4,000 19% 17% 175,453 215,586 NET (SURPLUS)DEFICIT (0) (0) (0) BEGINNING BALANCE: 7/1/23 273,429 273,429 273,429 ESTIMATED ENDING BALANCE: 6/30/24 273,430 273,430 273,430 1009 VEOLIA MITIGATION
LICENSES,PRMITS&FEES (25,000) (25,000) (12,500) - 50% 50% (12,500) (25,000) [25] USE OF MONEY&PROPRTY - - (8,093) - - - 8,093 - [26] REVENUE (25,000) (25,000) (20,593) - 82% 82% (4,407) (25,000) PROF & ADMIN 100,000 100,000 - - 0% 0% 100,000 100,000 EXPENDITURE 100,000 100,000 - - 0% 0% 100,000 100,000 NET (SURPLUS)DEFICIT 75,000 75,000 75,000 BEGINNING BALANCE: 7/1/23 313,373 313,373 313,373 ESTIMATED ENDING BALANCE: 6/30/24 238,373 238,373 238,373 1010 N.RICHMOND WASTE
LICENSES,PRMITS&FEES (124,207) (124,207) - - 0% 0% (124,207) (124,207) [27] USE OF MONEY&PROPRTY - - (1,471) - - - 1,471 - [28] REVENUE (124,207) (124,207) (1,471) - 1% 1% (122,736) (124,207) PROF & ADMIN 122,375 122,375 - - 0% 0% 122,375 122,375 OTHER OPERATING 832 832 120 - 14% 14% 712 832 UTILITIES 1,000 1,000 603 573 118% 60% (176) 1,000 [29] ASSET/CAPITAL OUTLAY - - 456 - - - (456) - [30] EXPENDITURE 124,207 124,207 1,178 573 1% 1% 122,456 124,207

NET (SURPLUS)DEFICIT - - - BEGINNING BALANCE: 7/1/23 67,036 67,036 67,036 ESTIMATED ENDING BALANCE: 6/30/24 67,036 67,036 67,036 NOTES
[23] Property tax assessment is received in December, April, and June [26] Interest Income from money in the bank account
[28] Interest Income from money in the bank account
[27] Hazardous Material fee from Contra Costa County was received in February last year [29] Encumbered North Richmond Mitigation for refuse (garbage) service [30] Purchased tools for Mobile Library vehicle.
[25] Revenues from permits and fees will be received throughout the fiscal year [24] Interest Income from money in the bank account Page 14 of 3546 Attachment 1 - FY2023-24 Q3 Budget Review
FUNDS
FY2023-24

ORIGINAL
BUDGET
FY2023-24

REVISED
BUDGET

ACTUALS
THRU
MARCH 2024
ENCUMB
W/
ENCUMB
% USED

W/O ENCUMB
% USED

AVAILABLE
BUDGET
FY2023-24

YEAR-END

PROJECTION
NOTES
1011 OUTSIDE FUNDED SVCS - DONATION
USE OF MONEY&PROPRTY - - (181) - - - 181 [31] REVENUE - - (181) - - - 181 1012 HILLTOP LANDSCAPE MAINT DIST
PROPERTY TAXES (1,124,594) (1,124,594) (618,523) - 55% 55% (506,071) (1,124,594) [32] USE OF MONEY&PROPRTY - - (4,822) - - - 4,822 - [33] OPER XFERS IN (235,988) (235,988) (176,990) - 75% 75% (58,998) (235,988) REVENUE (1,360,582) (1,360,582) (800,335) - 59% 59% (560,247) (1,360,582) SALARIES AND WAGES 587,668 587,668 443,866 - 76% 76% 143,802 587,668 [34] PYRLL/FRINGE BENEFIT 466,983 466,983 331,677 - 71% 71% 135,306 466,983 PROF & ADMIN 40,000 40,000 10,083 12,417 56% 25% 17,500 40,000 OTHER OPERATING 67,900 77,900 35,890 3,558 51% 46% 38,452 77,900 UTILITIES 88,000 88,000 72,374 - 82% 82% 15,626 88,000 [35] EQPT & CONTRACT SVCS 75,000 65,000 21,620 10,810 50% 33% 32,571 65,000 COST POOL 463,200 463,200 347,401 - 75% 75% 115,799 463,200 ASSET/CAPITAL OUTLAY - 23,000 23,000 - 100% 100% - 23,000 [36] EXPENDITURE 1,788,751 1,811,751 1,285,910 26,786 72% 71% 499,056 1,811,751 NET (SURPLUS)DEFICIT 428,169 451,169 451,169 BEGINNING BALANCE: 7/1/23 247,492 247,492 247,492 ESTIMATED ENDING BALANCE: 6/30/24 (180,678) (203,678) (203,678) 1015 MARINA BAY LNDSCP & LIGHT DIST
PROPERTY TAXES (709,524) (709,524) (393,065) - 55% 55% (316,459) (709,524) [37] USE OF MONEY&PROPRTY - - (15,819) - - - 15,819 - [38] OPER XFERS IN (476,309) (476,309) (357,233) - 75% 75% (119,076) (476,309) REVENUE (1,185,833) (1,185,833) (766,117) - 65% 65% (419,716) (1,185,833) SALARIES AND WAGES 399,727 399,727 332,775 - 83% 83% 66,952 399,727 [39] PYRLL/FRINGE BENEFIT 241,437 241,437 206,461 - 86% 86% 34,976 241,437 [40] PROF & ADMIN 53,503 53,503 21,950 30,100 97% 41% 1,453 53,503 [41] OTHER OPERATING 80,000 80,000 38,391 6,881 57% 48% 34,728 80,000 UTILITIES 134,395 134,395 136,722 - 102% 102% (2,327) 134,395 [42] COST POOL 153,348 153,348 115,011 - 75% 75% 38,337 153,348 ASSET/CAPITAL OUTLAY - 41,000 - - 0% 0% 41,000 41,000 EXPENDITURE 1,062,410 1,103,410 851,310 36,981 81% 77% 215,118 1,103,410 NET (SURPLUS)DEFICIT (123,423) (82,423) (82,423) BEGINNING BALANCE: 7/1/23 (18,717) (18,717) (18,717) ESTIMATED ENDING BALANCE: 6/30/24 104,707 63,707 63,707 NOTES
[37] Property tax assessment is received in December, April, and June [36] Completed expenses for Hilltop Gateway Signs Project [32] Property tax assessment is received in December, April, and June [31, 33, 38] Interest Income from money in the bank account [34] Hilltop crew overtime for weed abatement and high fire zones [35] Paid water bill for various medians and parks.
[39] Salaries for PT- Temp employees sightly higher than budgeted [40] Fringe benefits (Medical, Medicare, Dental) slightly higher than budgeted [41] Park restroom janitorial service from Enviroclean Maintenance encumbered [42] Paid water bill for various medians and parks.

Page 15 of 3547 ends

Attachment 1 - FY2023-24 Q3 Budget Review
FUNDS
FY2023-24

ORIGINAL
BUDGET
FY2023-24

REVISED
BUDGET

ACTUALS
THRU
MARCH 2024
ENCUMB
W/
ENCUMB
% USED

W/O ENCUMB
% USED

AVAILABLE
BUDGET
FY2023-24

YEAR-END

PROJECTION
NOTES
1017 CHEVRON MODERNIZATN PROJ & CIA
USE OF MONEY&PROPRTY - - (455,814) - - - 455,814 - [43] OTHER REVENUE - - 42,075 - - - (42,075) - INTERGOV OTHER GRANT (4,000,000) (4,000,000) (16,500) - 0% 0% (3,983,500) (4,000,000) [44] REVENUE (4,000,000) (4,000,000) (430,239) - 11% 11% (3,569,761) (4,000,000) - - - - - - - - PROF & ADMIN 7,986,442 8,095,093 1,498,545 174,093 21% 19% 6,422,456 8,095,093 OTHER OPERATING 19,541 20,541 557 - 3% 3% 19,984 20,541 EQPT & CONTRACT SVCS 1,502,829 1,501,829 303,629 289,033 39% 20% 909,166 1,501,829 ASSET/CAPITAL OUTLAY 171,901 207,252 67,640 13,320 39% 33% 126,292 207,252 GRANT EXPENDITURES 50,000 50,000 - - 0% 0% 50,000 50,000 EXPENDITURE 9,730,713 9,874,715 1,870,371 476,446 24% 19% 7,527,898 9,874,715 NET (SURPLUS)DEFICIT 5,730,713 5,874,715 5,874,715 BEGINNING BALANCE: 7/1/23 17,657,501 17,657,501 17,657,501 ESTIMATED ENDING BALANCE: 6/30/24 11,926,787 11,782,786 11,782,786 1018 RENT CONTROL
LICENSES,PRMITS&FEES (2,914,945) (3,004,698) (2,618,535) - 87% 87% (386,163) (3,004,698) USE OF MONEY&PROPRTY (20,000) (20,000) (52,599) - 263% 263% 32,599 (20,000) [45] OTHER REVENUE (50,000) (50,000) (26,235) - 52% 52% (23,765) (50,000) [46] OPER XFERS IN (150,000) (150,000) (112,500) - 75% 75% (37,500) (150,000) REVENUE (3,134,945) (3,224,698) (2,809,869) - 87% 87% (414,829) (3,224,698) SALARIES AND WAGES 1,442,839 1,670,462 1,172,900 - 70% 70% 497,562 1,670,462 PYRLL/FRINGE BENEFIT 868,399 981,380 682,845 - 70% 70% 298,535 981,380 PROF & ADMIN 547,458 427,358 154,226 86,887 56% 36% 186,245 427,358 OTHER OPERATING 33,425 51,780 17,989 3,556 42% 35% 30,235 51,780 UTILITIES 500 500 - - 0% 0% 500 500 EQPT & CONTRACT SVCS - - 56 4 - - (60) - PROVISN FOR INS LOSS 9,300 9,300 9,195 40 99% 99% 65 9,300 [47] COST POOL 330,473 330,473 247,856 - 75% 75% 82,617 330,473 ASSET/CAPITAL OUTLAY 3,000 5,000 - - 0% 0% 5,000 5,000 EXPENDITURE 3,235,394 3,476,253 2,285,067 90,487 68% 66% 1,100,699 3,476,253 NET (SURPLUS)DEFICIT 100,449 251,555 251,555 BEGINNING BALANCE: 7/1/23 636,946 636,946 636,946 ESTIMATED ENDING BALANCE: 6/30/24 536,497 385,391 385,391 NOTES
[43] Interest Income from money in the bank account
[44] Reimbursements are based on expenses that have occurred [45] Interest Income from money in the bank account
[46] Bad debts recovery revenue has not been received yet [47] Encumbered Insurance Services from CB Malaga Insurance

Page 16 of 3548 ends

Attachment 1 - FY2023-24 Q3 Budget Review
FUNDS
FY2023-24

ORIGINAL
BUDGET
FY2023-24

REVISED
BUDGET

ACTUALS
THRU
MARCH 2024
ENCUMB
W/
ENCUMB
% USED

W/O ENCUMB
% USED

AVAILABLE
BUDGET
FY2023-24

YEAR-END

PROJECTION
NOTES
1019 ROAD MAINT & REHAB ACCT (RMRA)
USE OF MONEY&PROPRTY - - (69,565) - - - 69,565 - [48] INTERGOV STATE TAXES (2,864,927) (2,864,927) (1,914,761) - 67% 67% (950,166) (2,864,927) [49] REVENUE (2,864,927) (2,864,927) (1,984,326) - 69% 69% (880,601) (2,864,927) - - - - - - - - ASSET/CAPITAL OUTLAY 2,944,644 3,577,828 34,685 637,299 19% 1% 2,905,844 3,577,828 EXPENDITURE 2,944,644 3,577,828 34,685 637,299 19% 1% 2,905,844 3,577,828 NET (SURPLUS)DEFICIT 79,717 712,901 712,901 BEGINNING BALANCE: 7/1/23 1,514,406 1,514,406 1,514,406 ESTIMATED ENDING BALANCE: 6/30/24 1,434,689 801,505 801,505 1050 CR-PLANNING & BUILDING
LICENSES,PRMITS&FEES (7,012,038) (7,012,038) (6,151,482) - 88% 88% (860,556) (7,012,038) USE OF MONEY&PROPRTY (32,307) (32,307) (392,898) - 1216% 1216% 360,591 (32,307) [50] CHARGES FOR SERVICES (4,314,000) (4,314,000) (203,606) - 5% 5% (4,110,394) (4,314,000) [51] OTHER REVENUE (50) (50) - - 0% 0% (50) (50) [52] INTERGOV FED GRANT (750,000) (750,000) - - 0% 0% (750,000) (750,000) [53] INTERGOV STATE GRANT (3,735,340) (3,861,030) (2,635,882) - 68% 68% (1,225,148) (3,861,030) [54] INTERGOV OTHER GRANT - (15,000) - - 0% 0% (15,000) (15,000) OPER XFERS IN (1,800,000) (1,800,000) (511,357) - 28% 28% (1,288,643) (1,800,000) [55] REVENUE (17,643,736) (17,784,426) (9,895,225) - 56% 56% (7,889,200) (17,784,426) SALARIES AND WAGES 2,903,182 3,083,766 2,009,378 - 65% 65% 1,074,388 3,083,766 PYRLL/FRINGE BENEFIT 1,803,443 1,803,443 1,168,555 - 65% 65% 634,888 1,803,443 PROF & ADMIN 10,581,394 12,794,348 4,522,149 6,641,766 87% 35% 1,630,433 12,794,348 [56] OTHER OPERATING 132,791 147,954 138,624 31,004 115% 94% (21,674) 147,954 [57] UTILITIES 9,000 40,200 8,077 26,325 86% 20% 5,798 40,200 [58] EQPT & CONTRACT SVCS 51,644 76,876 1,198 22,852 31% 2% 52,826 76,876 COST POOL 2,325,434 2,325,434 1,744,074 - 75% 75% 581,360 2,325,434 ASSET/CAPITAL OUTLAY 1,000 108,770 8,626 1,000 9% 8% 99,144 108,770 [59] EXPENDITURE 17,807,888 20,380,791 9,600,680 6,722,946 80% 47% 4,057,164 20,380,791 NET (SURPLUS)DEFICIT 164,153 2,596,365 2,596,365 BEGINNING BALANCE: 7/1/23 6,337,091 6,337,091 6,337,091 ESTIMATED ENDING BALANCE: 6/30/24 6,172,938 3,740,725 3,740,725 NOTES
[59] Encumbered services to reupholster 126 chairs and 4 sofas [57] Ricoh copier lease encumbrance
[58] Encumbered expenses for Richmond Sanitary service
[56] Encumbered project management services from Way 2 Love Inc. and The Healing Spot Counseling Ctr. Inc. [51] Pass-thru Planning EIR CEQA revenues Levin Terminal, Hydrogen Plan, and Aymium has historically been done monthly [52] Revenues from miscellaneous revenue will be received throughout the fiscal year [53, 54] Reimbursements are based on expenses that have occurred [55] Transfers in for Reimaging and Unhoused Intervention Reimaging Program have not taken place yet [48, 50] Interest Income from money in the bank account [49] Reimbursements are based on expenses that have occurred

Page 17 of 3549 ends

Attachment 1 - FY2023-24 Q3 Budget Review
FUNDS
FY2023-24

ORIGINAL
BUDGET
FY2023-24

REVISED
BUDGET

ACTUALS
THRU
MARCH 2024
ENCUMB
W/
ENCUMB
% USED

W/O ENCUMB
% USED

AVAILABLE
BUDGET
FY2023-24

YEAR-END

PROJECTION
NOTES
1054 ENGINEERING GRANTS
INTERGOV FED GRANT (5,000) (3,988,000) (1,939,489) - 49% 49% (2,048,511) (3,988,000) [60] INTERGOV STATE GRANT (11,626,357) (16,144,425) (1,874,113) - 12% 12% (14,270,312) (16,144,425) [61] INTERGOV OTHER GRANT (312,099) (314,599) (500,000) - 159% 159% 185,401 (314,599) REVENUE (11,943,456) (20,447,024) (4,313,601) - 21% 21% (16,133,423) (20,447,024) PROF & ADMIN - 55,000 4,800 30,600 64% 9% 19,600 55,000 EQPT & CONTRACT SVCS 27,500 - - - - - - - ASSET/CAPITAL OUTLAY 11,915,956 27,417,798 2,699,350 9,277,934 44% 10% 15,440,514 27,417,798 EXPENDITURE 11,943,456 27,472,798 2,704,150 9,308,534 44% 10% 15,460,114 27,472,798 NET (SURPLUS)DEFICIT - 7,025,774 7,025,774 BEGINNING BALANCE: 7/1/23 (12,391,781) (12,391,781) (12,391,781) ESTIMATED ENDING BALANCE: 6/30/24 (12,391,781) (19,417,554) (19,417,554) 1055 ENCROACHMENT SVCS
LICENSES,PRMITS&FEES (838,000) (838,000) (739,983) - 88% 88% (98,017) (838,000) USE OF MONEY&PROPRTY - - (74,739) - - - 74,739 - [62] CHARGES FOR SERVICES (227,000) (227,000) (316,646) - 139% 139% 89,646 (227,000) REVENUE (1,065,000) (1,065,000) (1,131,368) - 106% 106% 66,368 (1,065,000) SALARIES AND WAGES 412,750 458,238 224,004 - 49% 49% 234,234 458,238 PYRLL/FRINGE BENEFIT 264,071 264,071 161,628 - 61% 61% 102,443 264,071 PROF & ADMIN - 925 - - 0% 0% 925 925 OTHER OPERATING 4,700 3,775 279 471 20% 7% 3,025 3,775 UTILITIES 2,900 2,900 2,699 - 93% 93% 201 2,900 [63] COST POOL 207,055 207,055 155,293 - 75% 75% 51,762 207,055 EXPENDITURE 891,476 936,964 543,903 471 58% 58% 392,589 936,964 NET (SURPLUS)DEFICIT (173,524) (128,036) (128,036) BEGINNING BALANCE: 7/1/23 2,743,116 2,743,116 2,743,116 ESTIMATED ENDING BALANCE: 6/30/24 2,916,640 2,871,152 2,871,152 NOTES
[60, 61] Reimbursements are based on expenses that have occurred [62] Interest Income from money in the bank account
[63] Paid Verizon wireless charges which are higher than anticipated

Page 18 of 3550 ends

Attachment 1 - FY2023-24 Q3 Budget Review
FUNDS
FY2023-24

ORIGINAL
BUDGET
FY2023-24

REVISED
BUDGET

ACTUALS
THRU
MARCH 2024
ENCUMB
W/
ENCUMB
% USED

W/O ENCUMB
% USED

AVAILABLE
BUDGET
FY2023-24

YEAR-END

PROJECTION
NOTES
1200 HOUSING ADMINISTRATION
LICENSES,PRMITS&FEES (25,000) (25,000) (14,970) - 60% 60% (10,030) (25,000) [64] USE OF MONEY&PROPRTY (3,741) (3,741) (29,047) - 777% 777% 25,306 (3,741) [65] OTHER REVENUE (618,299) (618,299) (558,201) - 90% 90% (60,097) (618,299) [66] REVENUE (647,039) (647,039) (602,219) - 93% 93% (44,821) (647,039) SALARIES AND WAGES 249,418 249,418 5,501 - 2% 2% 243,917 249,418 PYRLL/FRINGE BENEFIT 93,990 93,990 42,595 - 45% 45% 51,395 93,990 PROF & ADMIN 168,903 168,903 6,260 2,625 5% 4% 160,017 168,903 OTHER OPERATING 1,909 1,909 856 - 45% 45% 1,053 1,909 UTILITIES 801 801 (21) - -3% -3% 822 801 [67] COST POOL 121,347 121,347 91,008 - 75% 75% 30,339 121,347 EXPENDITURE 636,367 636,367 146,199 2,625 23% 23% 487,543 636,367 NET (SURPLUS)DEFICIT (10,672) (10,672) (10,672) BEGINNING BALANCE: 7/1/23 917,436 917,436 917,436 ESTIMATED ENDING BALANCE: 6/30/24 928,108 928,108 928,108 1201 CDBG
USE OF MONEY&PROPRTY (19,567) (19,567) (80,205) - 410% 410% 60,638 (19,567) [68] LOAN/BOND PROCEEDS (142,356) (142,356) (191,591) - 135% 135% 49,236 (142,356) [69] REVENUE (161,923) (161,923) (271,796) - 168% 168% 109,873 (161,923) PROF & ADMIN 18,272 18,272 8,142 - 45% 45% 10,129 18,272 OTHER OPERATING 51 51 - - 0% 0% 51 51 COST POOL 26,923 26,923 20,194 - 75% 75% 6,729 26,923 CDBG/HOME/HSG PROJ 926,481 926,481 - - 0% 0% 926,481 926,481 EXPENDITURE 971,726 971,726 28,336 - 3% 3% 943,390 971,726 NET (SURPLUS)DEFICIT 809,803 809,803 809,803 BEGINNING BALANCE: 7/1/23 1,237,154 1,237,154 1,237,154 ESTIMATED ENDING BALANCE: 6/30/24 427,351 427,351 427,351 1202 HOME PROGRAM
USE OF MONEY&PROPRTY (957) (957) (6,170) - 645% 645% 5,213 (957) [70] LOAN/BOND PROCEEDS (2,538) (2,538) - - 0% 0% (2,538) (2,538) [71] REVENUE (3,494) (3,494) (6,170) - 177% 177% 2,675 (3,494) NET (SURPLUS)DEFICIT (3,494) (3,494) (3,494) BEGINNING BALANCE: 7/1/23 420,879 420,879 420,879 ESTIMATED ENDING BALANCE: 6/30/24 424,373 424,373 424,373 NOTES
[64] Housing admin fees received. Remaining revenue is expected by June. [65, 68, 70] Interest Income from money in the bank account [66] Revenues received from In Lieu Developer fees
[67] Received credit from Nextel Communications
[69] Historical loan repayments have been received
[71] Loan/bond proceeds revenues are received after expenditures take place

Page 19 of 3551 ends

Attachment 1 - FY2023-24 Q3 Budget Review
FUNDS
FY2023-24

ORIGINAL
BUDGET
FY2023-24

REVISED
BUDGET

ACTUALS
THRU
MARCH 2024
ENCUMB
W/
ENCUMB
% USED

W/O ENCUMB
% USED

AVAILABLE
BUDGET
FY2023-24

YEAR-END

PROJECTION
NOTES
1203 NEIGHBORHOOD STAB(NP)
LOAN/BOND PROCEEDS (15,000) (15,000) - - 0% 0% (15,000) (15,000) [72] REVENUE (15,000) (15,000) - - 0% 0% (15,000) (15,000) PROF & ADMIN 9,500 9,500 3,117 5,717 93% 33% 666 9,500 [73] EXPENDITURE 9,500 9,500 3,117 5,717 93% 33% 666 9,500 NET (SURPLUS)DEFICIT (5,500) (5,500) (5,500) BEGINNING BALANCE: 7/1/23 67,196 67,196 67,196 ESTIMATED ENDING BALANCE: 6/30/24 72,696 72,696 72,696 1205 EMPLOYMENT & TRAINING
OTHER REVENUE - - (185) - - - 185 - INTERGOV FED GRANT (2,789,664) (3,779,035) (1,326,963) - 35% 35% (2,452,071) (3,779,035) [74] INTERGOV STATE GRANT (2,972,695) (3,557,662) (908,596) - 26% 26% (2,649,066) (3,557,662) [75] INTERGOV OTHER GRANT (282,983) (432,983) (20,000) - 5% 5% (412,983) (432,983) [76] OPER XFERS IN (2,466,201) (2,852,907) (1,840,321) - 65% 65% (1,012,586) (2,852,907) REVENUE (8,511,543) (10,622,586) (4,096,065) - 39% 39% (6,526,521) (10,622,586) SALARIES AND WAGES 2,192,811 767,571 1,179,251 - 154% 154% (411,679) 767,571 [77] PYRLL/FRINGE BENEFIT 1,683,712 1,683,712 853,213 - 51% 51% 830,499 1,683,712 PROF & ADMIN 15,700 167,639 42,997 1,583 27% 26% 123,059 167,639 [78] OTHER OPERATING 54,000 69,104 37,828 26,879 94% 55% 4,397 69,104 [79] UTILITIES 2,500 2,500 6,359 1,549 316% 254% (5,407) 2,500 [80] EQPT & CONTRACT SVCS 850,723 1,241,496 111,486 300,909 33% 9% 829,101 1,241,496 COST POOL 561,697 561,697 421,270 - 75% 75% 140,427 561,697 GRANT EXPENDITURES 4,058,067 5,910,556 2,517,014 205,363 46% 43% 3,188,179 5,910,556 EMPLMT & TRNG ALLOC (1,079,476) (748,765) (0) - 0% 0% (748,765) (748,765) EXPENDITURE 8,339,734 9,655,510 5,169,417 536,282 59% 54% 3,949,811 9,655,510 NET (SURPLUS)DEFICIT (171,809) (967,076) (967,076) BEGINNING BALANCE: 7/1/23 1,106,894 1,106,894 1,106,894 ESTIMATED ENDING BALANCE: 6/30/24 1,278,703 2,073,970 2,073,970 1207 COR-NEIGHBORHOOD STAB(CITY)
PROC FR SLE PROP (133,664) (133,664) - - 0% 0% (133,664) (133,664) [81] REVENUE (133,664) (133,664) - - 0% 0% (133,664) (133,664) OTHER OPERATING 6,753 6,753 2,338 1,162 52% 35% 3,253 6,753 [82] EXPENDITURE 6,753 6,753 2,338 1,162 52% 35% 3,253 6,753 NET (SURPLUS)DEFICIT (126,911) (126,911) (126,911) BEGINNING BALANCE: 7/1/23 (28,992) (28,992) (28,992) ESTIMATED ENDING BALANCE: 6/30/24 97,920 97,920 97,920 NOTES
[72] Loan/bond proceeds revenues are received after expenditures take place [73] Encumbered legal services from Goldfarb & Lipman to assist Housing [74, 75, 76] Reimbursements are based on expenses that have occurred [77] Part-time salaries was not budgeted
[78] Paid travel expenses for Youth Symposium
[79] Ricoh copier lease encumbrance
[80] Comcast internet service encumbrance
[81] Sales of property is not received equally monthly
[82] Encumbered budget from vendor Contra Costa County ORC for property tax & penalty

Page 20 of 3552 ends

Attachment 1 - FY2023-24 Q3 Budget Review
FUNDS
FY2023-24

ORIGINAL
BUDGET
FY2023-24

REVISED
BUDGET

ACTUALS
THRU
MARCH 2024
ENCUMB
W/
ENCUMB
% USED

W/O ENCUMB
% USED

AVAILABLE
BUDGET
FY2023-24

YEAR-END

PROJECTION
NOTES
1208 COR-SUCCESSOR HOUSING AGENCY
USE OF MONEY&PROPRTY (23,752) (23,752) (68,828) - 290% 290% 45,076 (23,752) [83] OTHER REVENUE - - (36,702) - - - 36,702 - PROC FR SLE PROP - - (19,286) - - - 19,286 - [84] LOAN/BOND PROCEEDS (63,448) (63,448) - - 0% 0% (63,448) (63,448) [85] REVENUE (87,200) (87,200) (124,815) - 143% 143% 37,615 (87,200) SALARIES AND WAGES 130,698 130,698 98,024 - 75% 75% 32,675 130,698 PYRLL/FRINGE BENEFIT 79,756 79,756 59,817 - 75% 75% 19,939 79,756 PROF & ADMIN 200 200 - - 0% 0% 200 200 CDBG/HOME/HSG PROJ 1,000,000 1,000,000 - - 0% 0% 1,000,000 1,000,000 EXPENDITURE 1,210,655 1,210,655 157,841 - 13% 13% 1,052,814 1,210,655 NET (SURPLUS)DEFICIT 1,123,455 1,123,455 1,123,455 BEGINNING BALANCE: 7/1/23 25,768,200 25,768,200 25,768,200 ESTIMATED ENDING BALANCE: 6/30/24 24,644,745 24,644,745 24,644,745 1209 CAL-HOME GRANT FUND
USE OF MONEY&PROPRTY (9,931) (9,931) (47,942) - 483% 483% 38,011 (9,931) [86] LOAN/BOND PROCEEDS (80,389) (80,389) (112,020) - 139% 139% 31,631 (80,389) [87] REVENUE (90,321) (90,321) (159,962) - 177% 177% 69,642 (90,321) PROF & ADMIN 1,200 1,200 1,322 - 110% 110% (122) 1,200 [88] CDBG/HOME/HSG PROJ 500,000 500,000 - - 0% 0% 500,000 500,000 EXPENDITURE 501,200 501,200 1,322 - 0% 0% 499,878 501,200 NET (SURPLUS)DEFICIT 410,880 410,880 410,880 BEGINNING BALANCE: 7/1/23 1,000,885 1,000,885 1,000,885 ESTIMATED ENDING BALANCE: 6/30/24 590,005 590,005 590,005 1302 HOUSNG IN LIEU FEE - DEVELOPER
LICENSES,PRMITS&FEES (495,269) (495,269) (828,828) - 167% 167% 333,559 (495,269) [89] USE OF MONEY&PROPRTY (566) (566) (47,090) - 8324% 8324% 46,524 (566) [90] REVENUE (495,834) (495,834) (875,918) - 177% 177% 380,083 (495,834) SALARIES AND WAGES 89,452 89,452 67,089 - 75% 75% 22,363 89,452 PYRLL/FRINGE BENEFIT 52,685 52,685 39,514 - 75% 75% 13,171 52,685 PROF & ADMIN 15,000 15,000 - - 0% 0% 15,000 15,000 ASSET/CAPITAL OUTLAY 1,150,000 1,150,000 - - 0% 0% 1,150,000 1,150,000 CDBG/HOME/HSG PROJ 850,000 850,000 - - 0% 0% 850,000 850,000 ESTIMATED ENDING BALANCE: 6/30/24 3,636,078 3,636,078 3,636,078 OPER XFERS OUT 480,000 480,000 - - 0% 0% 480,000 480,000 EXPENDITURE 6,273,215 2,637,137 106,603 - 4% 4% (1,105,544) 6,273,215 NET (SURPLUS)DEFICIT 5,777,381 2,141,303 5,777,381 BEGINNING BALANCE: 7/1/23 3,004,983 3,004,983 3,004,983 ESTIMATED ENDING BALANCE: 6/30/24 (2,772,398) 863,680 (2,772,398) NOTES
[84] City's portion of the Shared Appreciation Value for 404 Marina received [85] Loan repayments are unpredictable. Revenues have been received historically in November and June [87] Revenues from bond proceeds were received in October [88] Paid Amerinational Management Fees
[89] Received significant payment from developer In-Lieu fee for 1411 Harbour Way South site [83, 86, 90] Interest Income from money in the bank account

Page 21 of 3553 ends

Attachment 1 - FY2023-24 Q3 Budget Review
FUNDS
FY2023-24

ORIGINAL
BUDGET
FY2023-24

REVISED
BUDGET

ACTUALS
THRU
MARCH 2024
ENCUMB
W/
ENCUMB
% USED

W/O ENCUMB
% USED

AVAILABLE
BUDGET
FY2023-24

YEAR-END

PROJECTION
NOTES
1303 KIDS FIRST INITIATIVE
USE OF MONEY&PROPRTY - - (128,094) - - - 128,094 - [91] OPER XFERS IN (6,453,091) (6,453,091) (4,839,817) - 75% 75% (1,613,274) (6,453,091) REVENUE (6,453,091) (6,453,091) (4,967,911) - 77% 77% (1,485,180) (6,453,091) SALARIES AND WAGES (43,927) (59,593) 162,004 - -272% -272% (221,597) (59,593) [92] PYRLL/FRINGE BENEFIT 47,218 64,548 86,951 - 135% 135% (22,403) 64,548 [93] PROF & ADMIN 6,103,579 6,103,579 611,722 1,096,365 28% 10% 4,395,492 6,103,579 OTHER OPERATING 24,000 24,000 12,445 1,199 57% 52% 10,356 24,000 COST POOL 4,453 4,453 3,340 - 75% 75% 1,113 4,453 EXPENDITURE 6,135,323 6,136,987 876,462 1,097,564 32% 14% 4,162,961 6,136,987 NET (SURPLUS)DEFICIT (317,768) (316,104) (316,104) BEGINNING BALANCE: 7/1/23 3,996,614 3,996,614 3,996,614 ESTIMATED ENDING BALANCE: 6/30/24 4,314,383 4,312,719 4,312,719 1304 EMERGENCY OPE & DISASTR RECVRY
USE OF MONEY&PROPRTY - - (6,491) - - - 6,491 - [94] INTERGOV STATE GRANT - - (18,463) - - - 18,463 - OPER XFERS IN (75,000) (75,000) (75,000) - 100% 100% - (75,000) [95] REVENUE (75,000) (75,000) (99,954) - 133% 133% 24,954 (75,000) PROF & ADMIN 75,000 314,000 165,091 45,200 67% 53% 103,709 314,000 OTHER OPERATING - - 1,590 - - - (1,590) - [96] EXPENDITURE 75,000 314,000 166,681 45,200 67% 53% 102,119 314,000 NET (SURPLUS)DEFICIT - 239,000 239,000 BEGINNING BALANCE: 7/1/23 239,276 239,276 239,276 ESTIMATED ENDING BALANCE: 6/30/24 239,276 276 276 1305 PUBLIC ART
LICENSES,PRMITS&FEES (400,000) (400,000) (416,014) - 104% 104% 16,014 (400,000) [97] USE OF MONEY&PROPRTY - - (63,393) - - - 63,393 - [98] REVENUE (400,000) (400,000) (479,407) - 120% 120% 79,407 (400,000) PROF & ADMIN 1,153,500 1,150,496 45,102 314,339 31% 4% 791,054 1,150,496 OTHER OPERATING - 3,005 2,591 - 86% 86% 414 3,005 [99] EXPENDITURE 1,153,500 1,153,500 47,693 314,339 31% 4% 791,468 1,153,500 NET (SURPLUS)DEFICIT 753,500 753,500 753,500 BEGINNING BALANCE: 7/1/23 2,470,673 2,470,673 2,470,673 ESTIMATED ENDING BALANCE: 6/30/24 1,717,173 1,717,173 1,717,173 NOTES
[99] Paid postage expense to I.T. Department
[91, 94, 98] Interest Income from money in the bank account [92] Error in budgeted contra amount for salary
[93] Contras benefits for staff time of grant funded positions have not been processed yet [95] Completed transfer in for Climate Res. Contingency [96] Purchased safety supplies and materials. A budget transfer will be completed. [97] Permit revenues have historically come in December and May

Page 22 of 3554 ends

Attachment 1 - FY2023-24 Q3 Budget Review
FUNDS
FY2023-24

ORIGINAL
BUDGET
FY2023-24

REVISED
BUDGET

ACTUALS
THRU
MARCH 2024
ENCUMB
W/
ENCUMB
% USED

W/O ENCUMB
% USED

AVAILABLE
BUDGET
FY2023-24

YEAR-END

PROJECTION
NOTES
1306 AMERICAN RESCUE PLAN ACT
USE OF MONEY&PROPRTY - - (626,607) - - - 626,607 - [100] REVENUE - - (626,607) - - - 626,607 - PROF & ADMIN 803,750 7,505,473 124,471 1,075,654 16% 2% 6,305,348 7,505,473 ASSET/CAPITAL OUTLAY 6,928,890 15,930,418 337,046 2,062,554 15% 2% 13,530,818 15,930,418 EXPENDITURE 7,732,640 23,435,891 461,516 3,138,209 15% 2% 19,836,166 23,435,891 NET (SURPLUS)DEFICIT 7,732,640 23,435,891 23,435,891 BEGINNING BALANCE: 7/1/23 1,914,523 1,914,523 1,914,523 ESTIMATED ENDING BALANCE: 6/30/24 (5,818,117) (21,521,368) (21,521,368) 1307 TRANSFORMATIVE CLIMATE COMMUNITIES
INTERGOV STATE GRANT - (35,000,000) - - 0% 0% (35,000,000) (35,000,000) [101] REVENUE - (35,000,000) - - 0% 0% (35,000,000) (35,000,000) PYRLL/FRINGE BENEFIT - (0) - - 0% 0% (0) (0) PROF & ADMIN - 30,266,216 554,751 3,351,369 13% 2% 26,360,097 30,266,216 OTHER OPERATING - 29,640 18 - 0% 0% 29,622 29,640 UTILITIES - 1,500 - - 0% 0% 1,500 1,500 ASSET/CAPITAL OUTLAY - 5,095,358 - - 0% 0% 5,095,358 5,095,358 GRANT EXPENDITURES - 80,000 - - 0% 0% 80,000 80,000 EXPENDITURE - 35,472,714 554,768 3,351,369 11% 2% 31,566,577 35,472,714 NET (SURPLUS)DEFICIT - 472,714 472,714 BEGINNING BALANCE: 7/1/23 - - - ESTIMATED ENDING BALANCE: 6/30/24 - (472,714) (472,714) 1308 ENCAMPMENT RESOLUTION FUND
INTERGOV STATE GRANT - (8,602,587) - - 0% 0% (8,602,587) (8,602,587) [102] REVENUE - (8,602,587) - - 0% 0% (8,602,587) (8,602,587) PROF & ADMIN - 7,777,587 - - 0% 0% 7,777,587 7,777,587 OTHER OPERATING - 800,000 - - 0% 0% 800,000 800,000 UTILITIES - 25,000 - - 0% 0% 25,000 25,000 EXPENDITURE - 8,602,587 - - 0% 0% 8,602,587 8,602,587

NET (SURPLUS)DEFICIT - - - BEGINNING BALANCE: 7/1/23 - - - ESTIMATED ENDING BALANCE: 6/30/24 - - - NOTES
[100] Interest Income from money in the bank account
[101, 102] Received the Transformative Climate grant

Page 23 of 3555 ends

Attachment 1 - FY2023-24 Q3 Budget Review
FUNDS
FY2023-24

ORIGINAL
BUDGET
FY2023-24

REVISED
BUDGET

ACTUALS
THRU
MARCH 2024
ENCUMB
W/
ENCUMB
% USED

W/O ENCUMB
% USED

AVAILABLE
BUDGET
FY2023-24

YEAR-END

PROJECTION
NOTES
2001 GENERAL CAPITAL FUND
USE OF MONEY&PROPRTY - - (3,685) - - - 3,685 - [103] OTHER REVENUE - (300,000) (300,001) - 100% 100% 1 (300,000) [104] OPER XFERS IN (650,000) (13,764,218) (10,170,218) - 74% 74% (3,594,000) (13,764,218) [105] REVENUE (650,000) (14,064,218) (10,473,904) - 74% 74% (3,590,314) (14,064,218) PROF & ADMIN - 1,105,384 220,018 255,468 43% 20% 629,898 1,105,384 EQPT & CONTRACT SVCS - 67,000 37,444 29,556 100% 56% - 67,000 [106] ASSET/CAPITAL OUTLAY 22,820,449 37,227,280 1,442,464 2,167,735 10% 4% 33,617,081 37,227,280 EXPENDITURE 22,820,449 38,399,664 1,699,926 2,452,759 11% 4% 34,246,979 38,399,664 NET (SURPLUS)DEFICIT 22,170,449 24,335,446 24,335,446 BEGINNING BALANCE: 7/1/23 23,171,347 23,171,347 23,171,347 ESTIMATED ENDING BALANCE: 6/30/24 1,000,898 (1,164,098) (1,164,098) 2002 MEASURE J
USE OF MONEY&PROPRTY - - (41,108) - - - 41,108 - [107] INTERGOV OTHER GRANT (4,292,882) (3,128,821) (2,133,263) - 68% 68% (995,558) (3,128,821) [108] REVENUE (4,292,882) (3,128,821) (2,174,371) - 69% 69% (954,450) (3,128,821) PROF & ADMIN 200,000 200,000 - - 0% 0% 200,000 200,000 EQPT & CONTRACT SVCS 15,000 - - - - - - - ASSET/CAPITAL OUTLAY 5,927,803 2,920,389 634,052 525,238 40% 22% 1,761,099 2,920,389 EXPENDITURE 6,142,803 3,120,389 634,052 525,238 37% 20% 1,961,099 3,120,389 NET (SURPLUS)DEFICIT 1,849,921 (8,431) (8,431) BEGINNING BALANCE: 7/1/23 1,414,863 1,414,863 1,414,863 ESTIMATED ENDING BALANCE: 6/30/24 (435,058) 1,423,294 1,423,294 2007 HARBOR FUND
USE OF MONEY&PROPRTY - - (1,222) - - - 1,222 - [109] REVENUE - - (1,222) - - - 1,222 -

NET (SURPLUS)DEFICIT - - - BEGINNING BALANCE: 7/1/23 46,530 46,530 46,530 ESTIMATED ENDING BALANCE: 6/30/24 46,530 46,530 46,530 2110 IMPACT FEE - PARKS
LICENSES,PRMITS&FEES - (15,096) (23,304) - 154% 154% 8,208 (15,096) USE OF MONEY&PROPRTY - - (4,184) - - - 4,184 - [110] REVENUE - (15,096) (27,488) - 182% 182% 12,392 (15,096) ASSET/CAPITAL OUTLAY 15,000 15,000 15,000 - 100% 100% - 15,000 [111] EXPENDITURE 15,000 15,000 15,000 - 100% 100% - 15,000 NET (SURPLUS)DEFICIT 15,000 (96) (96) BEGINNING BALANCE: 7/1/23 156,253 156,253 156,253 ESTIMATED ENDING BALANCE: 6/30/24 141,253 156,349 156,349 NOTES
[103, 107, 109, 110] Interest Income from money in the bank account [104] Received Brickyard Cove Association other revenue [105] Completed majority of transfers in for the year
[106] Encumbered professional services from Wiss, Janney, Elstner Associates for Pt. Molate Cottages [108] Reimbursements are based on expenses that have occurred [111] Paid annual JPA Capital contribution

Page 24 of 3556 ends

Attachment 1 - FY2023-24 Q3 Budget Review
FUNDS
FY2023-24

ORIGINAL
BUDGET
FY2023-24

REVISED
BUDGET

ACTUALS
THRU
MARCH 2024
ENCUMB
W/
ENCUMB
% USED

W/O ENCUMB
% USED

AVAILABLE
BUDGET
FY2023-24

YEAR-END

PROJECTION
NOTES
2111 IMPACT FEE - TRAFFIC
LICENSES,PRMITS&FEES - (71,296) (106,720) - 150% 150% 35,424 (71,296) USE OF MONEY&PROPRTY - - (40,768) - - - 40,768 - [112] REVENUE - (71,296) (147,488) - 207% 207% 76,192 (71,296) ASSET/CAPITAL OUTLAY - 29,608 - 29,608 100% 0% - 29,608 [113] EXPENDITURE - 29,608 - 29,608 100% 0% - 29,608 NET (SURPLUS)DEFICIT - (41,688) (41,688) BEGINNING BALANCE: 7/1/23 1,479,301 1,479,301 1,479,301 ESTIMATED ENDING BALANCE: 6/30/24 1,479,301 1,520,989 1,520,989 2113 IMPACT FEE - FIRE
LICENSES,PRMITS&FEES - (15,172) (23,740) - 156% 156% 8,568 (15,172) USE OF MONEY&PROPRTY - - (1,972) - - - 1,972 - [114] REVENUE - (15,172) (25,712) - 169% 169% 10,540 (15,172) OTHER OPERATING 117,000 117,000 48,175 - 41% 41% 68,825 117,000 EXPENDITURE 117,000 117,000 48,175 - 41% 41% 68,825 117,000 NET (SURPLUS)DEFICIT 117,000 101,828 101,828 BEGINNING BALANCE: 7/1/23 60,394 60,394 60,394 ESTIMATED ENDING BALANCE: 6/30/24 (56,606) (41,434) (41,434) 2114 IMPACT FEE - POLICE
LICENSES,PRMITS&FEES - (13,088) (20,126) - 154% 154% 7,038 (13,088) USE OF MONEY&PROPRTY - - (17,081) - - - 17,081 - [115] REVENUE - (13,088) (37,207) - 284% 284% 24,119 (13,088) ASSET/CAPITAL OUTLAY 155,000 256,201 101,201 - 40% 40% 155,000 256,201 EXPENDITURE 155,000 256,201 101,201 - 40% 40% 155,000 256,201 NET (SURPLUS)DEFICIT 155,000 243,113 243,113 BEGINNING BALANCE: 7/1/23 641,151 641,151 641,151 ESTIMATED ENDING BALANCE: 6/30/24 486,151 398,037 398,037 2115 IMPACT FEE - COMM/AQUATC
LICENSES,PRMITS&FEES - (60,758) (90,764) - 149% 149% 30,006 (60,758) USE OF MONEY&PROPRTY - - (15,607) - - - 15,607 - [116] REVENUE - (60,758) (106,371) - 175% 175% 45,613 (60,758) NET (SURPLUS)DEFICIT - (60,758) (60,758) BEGINNING BALANCE: 7/1/23 574,104 574,104 574,104 ESTIMATED ENDING BALANCE: 6/30/24 574,104 634,862 634,862 NOTES
[113] Encumbered budget for Traffic Safety Improvements [112, 114, 115, 116] Interest Income from money in the bank account

Page 25 of 3557 ends

Attachment 1 - FY2023-24 Q3 Budget Review
FUNDS
FY2023-24

ORIGINAL
BUDGET
FY2023-24

REVISED
BUDGET

ACTUALS
THRU
MARCH 2024
ENCUMB
W/
ENCUMB
% USED

W/O ENCUMB
% USED

AVAILABLE
BUDGET
FY2023-24

YEAR-END

PROJECTION
NOTES
2116 IMPACT FEE - PARKS/OPEN
LICENSES,PRMITS&FEES - (253,350) (378,450) - 149% 149% 125,100 (253,350) USE OF MONEY&PROPRTY - - (80,084) - - - 80,084 - [117] REVENUE - (253,350) (458,534) - 181% 181% 205,184 (253,350) PROF & ADMIN - 80,000 76,607 46 96% 96% 3,347 80,000 [118] ASSET/CAPITAL OUTLAY 373,264 373,264 - - 0% 0% 373,264 373,264 EXPENDITURE 373,264 453,264 76,607 46 17% 17% 376,611 453,264 NET (SURPLUS)DEFICIT 373,264 199,914 199,914 BEGINNING BALANCE: 7/1/23 2,957,381 2,957,381 2,957,381 ESTIMATED ENDING BALANCE: 6/30/24 2,584,117 2,757,467 2,757,467 2117 IMPACT FEE - LIBRARY
LICENSES,PRMITS&FEES - (72,106) (106,000) - 147% 147% 33,894 (72,106) USE OF MONEY&PROPRTY - - (47,722) - - - 47,722 - [119] REVENUE - (72,106) (153,722) - 213% 213% 81,616 (72,106) ASSET/CAPITAL OUTLAY 1,204,188 1,204,188 65,123 2 5% 5% 1,139,063 1,204,188 EXPENDITURE 1,204,188 1,204,188 65,123 2 5% 5% 1,139,063 1,204,188 NET (SURPLUS)DEFICIT 1,204,188 1,132,082 1,132,082 BEGINNING BALANCE: 7/1/23 1,796,770 1,796,770 1,796,770 ESTIMATED ENDING BALANCE: 6/30/24 592,582 664,688 664,688 2118 IMPACT FEE - HILLTOP
USE OF MONEY&PROPRTY - - (848) - - - 848 - [120] REVENUE - - (848) - - - 848 -

NET (SURPLUS)DEFICIT - - - BEGINNING BALANCE: 7/1/23 32,306 32,306 32,306 ESTIMATED ENDING BALANCE: 6/30/24 32,306 32,306 32,306 2119 IMPACT FEE - STORM DRAINAGE
LICENSES,PRMITS&FEES - (23,854) (36,634) - 154% 154% 12,780 (23,854) USE OF MONEY&PROPRTY - - (27,125) - - - 27,125 - [121] REVENUE - (23,854) (63,759) - 267% 267% 39,905 (23,854) NET (SURPLUS)DEFICIT - (23,854) (23,854) BEGINNING BALANCE: 7/1/23 1,035,975 1,035,975 1,035,975 ESTIMATED ENDING BALANCE: 6/30/24 1,035,975 1,059,829 1,059,829 2120 IMPACT FEE - WASTEWATER
USE OF MONEY&PROPRTY - - (63,843) - - - 63,843 - [122] REVENUE - - (63,843) - - - 63,843 - ASSET/CAPITAL OUTLAY 250,000 923,842 - 673,842 73% 0% 250,000 923,842 EXPENDITURE 250,000 923,842 - 673,842 73% 0% 250,000 923,842 NET (SURPLUS)DEFICIT 250,000 923,842 923,842 BEGINNING BALANCE: 7/1/23 1,741,052 1,741,052 1,741,052 ESTIMATED ENDING BALANCE: 6/30/24 1,491,052 817,210 817,210 NOTES
[117, 119, 120, 121, 122] Interest Income from money in the bank account [118] Paid engineering services for Richmond Soccer Field Page 26 of 3558 Attachment 1 - FY2023-24 Q3 Budget Review
FUNDS
FY2023-24

ORIGINAL
BUDGET
FY2023-24

REVISED
BUDGET

ACTUALS
THRU
MARCH 2024
ENCUMB
W/
ENCUMB
% USED

W/O ENCUMB
% USED

AVAILABLE
BUDGET
FY2023-24

YEAR-END

PROJECTION
NOTES
2125 IRON TRIANGLE/EPA PROGRAM
USE OF MONEY&PROPRTY (1,329) (1,329) (6,796) - 511% 511% 5,467 (1,329) [123] INTERGOV FED GRANT (275,967) (275,967) (60,740) - 22% 22% (215,227) (275,967) [124] REVENUE (277,297) (277,297) (67,537) - 24% 24% (209,760) (277,297) CDBG/HOME/HSG PROJ 275,967 275,967 60,740 21,260 30% 22% 193,967 275,967 EXPENDITURE 275,967 275,967 60,740 21,260 30% 22% 193,967 275,967 NET (SURPLUS)DEFICIT (1,329) (1,329) (1,329) BEGINNING BALANCE: 7/1/23 264,789 264,789 264,789 ESTIMATED ENDING BALANCE: 6/30/24 266,118 266,118 266,118 3001 DS - 2005 TAXABLE POB
USE OF MONEY&PROPRTY - - (53,781) - - - 53,781 - [125] OPER XFERS IN (11,403,165) (11,403,165) (11,153,663) - 98% 98% (249,502) (11,403,165) [126] REVENUE (11,403,165) (11,403,165) (11,207,445) - 98% 98% (195,721) (11,403,165) DEBT SVC EXPENDITURE 11,403,165 11,403,165 11,403,697 - 100% 100% (531) 11,403,165 [127] EXPENDITURE 11,403,165 11,403,165 11,403,697 - 100% 100% (531) 11,403,165

NET (SURPLUS)DEFICIT - - - BEGINNING BALANCE: 7/1/23 236,789 236,789 236,789 ESTIMATED ENDING BALANCE: 6/30/24 236,789 236,789 236,789 3002 DS - 99A PENSION OBLIG BOND
USE OF MONEY&PROPRTY - - (1,750) - - - 1,750 - [128] REVENUE - - (1,750) - - - 1,750 - DEBT SVC EXPENDITURE - - 5,133 - - - (5,133) - [129] EXPENDITURE - - 5,133 - - - (5,133) -

NET (SURPLUS)DEFICIT - - - BEGINNING BALANCE: 7/1/23 80,526 80,526 80,526 ESTIMATED ENDING BALANCE: 6/30/24 80,526 80,526 80,526 3005 DS - 07 REFNDING&CVC CTR
USE OF MONEY&PROPRTY - - (8,092) - - - 8,092 - [130] CHARGES FOR SERVICES (6,684,183) (6,684,183) (5,106,130) - 76% 76% (1,578,053) (6,684,183) OPER XFERS IN (1,463,868) (1,463,868) (1,097,901) - 75% 75% (365,967) (1,463,868) REVENUE (8,148,051) (8,148,051) (6,212,123) - 76% 76% (1,935,928) (8,148,051) DEBT SVC EXPENDITURE 7,771,713 7,771,713 5,872,170 - 76% 76% 1,899,542 7,771,713 [131] EXPENDITURE 7,771,713 7,771,713 5,872,170 - 76% 76% 1,899,542 7,771,713 NET (SURPLUS)DEFICIT (376,339) (376,339) (376,339) BEGINNING BALANCE: 7/1/23 (2,220,140) (2,220,140) (2,220,140) ESTIMATED ENDING BALANCE: 6/30/24 (1,843,802) (1,843,802) (1,843,802) NOTES
[127] Interest payment on 2005 POB debt service
[129, 131] Paid debt service for the year
[123, 125, 128, 130] Interest Income from money in the bank account [124] Reimbursements are based on expenses that have occurred [126] Transfer in for Pension Obligation Bond debt service

Page 27 of 3559 ends

Attachment 1 - FY2023-24 Q3 Budget Review
FUNDS
FY2023-24

ORIGINAL
BUDGET
FY2023-24

REVISED
BUDGET

ACTUALS
THRU
MARCH 2024
ENCUMB
W/
ENCUMB
% USED

W/O ENCUMB
% USED

AVAILABLE
BUDGET
FY2023-24

YEAR-END

PROJECTION
NOTES
4001 PORT OF RICHMOND
USE OF MONEY&PROPRTY - - (467,469) - - - 467,469 - [132] RENTAL INCOME (10,451,891) (10,501,891) (4,928,234) - 47% 47% (5,573,658) (10,501,891) [133] INTERGOV OTHER GRANT (1,003,250) (1,003,250) - - 0% 0% (1,003,250) (1,003,250) [134] REVENUE (11,455,141) (11,505,141) (5,395,702) - 47% 47% (6,109,439) (11,505,141) SALARIES AND WAGES 459,994 459,994 289,186 - 63% 63% 170,808 459,994 PYRLL/FRINGE BENEFIT 268,361 268,361 178,988 - 67% 67% 89,373 268,361 PROF & ADMIN 1,001,500 999,394 618,524 142,036 76% 62% 238,834 999,394 [135] OTHER OPERATING 7,200 8,200 2,566 6,700 113% 31% (1,066) 8,200 [136] UTILITIES 483,500 487,100 340,367 3,272 71% 70% 143,461 487,100 EQPT & CONTRACT SVCS 58,000 197,400 70,644 26,356 49% 36% 100,400 197,400 PROVISN FOR INS LOSS 45,000 45,000 43,967 - 98% 98% 1,033 45,000 [137] COST POOL 481,859 481,859 361,394 - 75% 75% 120,465 481,859 ASSET/CAPITAL OUTLAY 5,575,000 5,575,000 1,530 - 0% 0% 5,573,470 5,575,000 DEBT SVC EXPENDITURE 4,267,000 4,267,000 106,213 - 2% 2% 4,160,787 4,267,000 EXPENDITURE 12,647,414 12,789,308 2,013,379 178,363 17% 16% 10,597,566 12,789,308 NET (SURPLUS)DEFICIT 1,192,273 1,284,167 1,284,167 BEGINNING BALANCE: 7/1/23 29,128,106 29,128,106 29,128,106 ESTIMATED ENDING BALANCE: 6/30/24 27,935,833 27,843,939 27,843,939 4003 WASTEWATER
LICENSES,PRMITS&FEES (36,000) (36,000) (106,159) - 295% 295% 70,159 (36,000) FINES & FORFEITURES (2,000) (2,000) - - 0% 0% (2,000) (2,000) [138] USE OF MONEY&PROPRTY - - (996,033) - - - 996,033 - [139] CHARGES FOR SERVICES (28,250,000) (28,250,000) (18,073,773) - 64% 64% (10,176,227) (28,250,000) REVENUE (28,288,000) (28,288,000) (19,175,965) - 68% 68% (9,112,035) (28,288,000) SALARIES AND WAGES 1,485,971 1,508,582 939,143 - 62% 62% 569,439 1,508,582 PYRLL/FRINGE BENEFIT 796,804 796,804 549,093 - 69% 69% 247,711 796,804 PROF & ADMIN 10,844,657 14,522,269 6,337,834 3,610,803 69% 44% 4,573,632 14,522,269 [140] OTHER OPERATING 368,409 378,409 23,357 1,063 6% 6% 353,989 378,409 UTILITIES 1,417,049 1,417,049 951,161 - 67% 67% 465,888 1,417,049 EQPT & CONTRACT SVCS 412,300 542,839 216,367 101,015 58% 40% 225,458 542,839 COST POOL 663,397 663,397 497,545 - 75% 75% 165,852 663,397 ASSET/CAPITAL OUTLAY 47,005,000 57,714,702 7,679,460 4,699,379 21% 13% 45,335,862 57,714,702 DEBT SVC EXPENDITURE 8,059,725 8,059,725 8,060,310 - 100% 100% (585) 8,059,725 [141] EXPENDITURE 71,053,312 85,603,777 25,254,269 8,412,261 39% 30% 51,937,247 85,603,777 NET (SURPLUS)DEFICIT 42,765,312 57,315,777 57,315,777 BEGINNING BALANCE: 7/1/23 57,095,476 57,095,476 57,095,476 ESTIMATED ENDING BALANCE: 6/30/24 14,330,164 (220,300) (220,300) NOTES
[138] Fines and forfeiture revenues are unpredictable but historically have been received in January [132, 139] Interest Income from money in the bank account [133] Revenues from leasing at Pt. Potrero Marine-Auto will be received throughout the fiscal year [134] Reimbursements are based on expenses that have occurred [135] Encumbered Engineering services for Port
[136] Encumbered Ricoh copier lease
[137] Paid Port of Richmond Liability Insurance
[140] Encumbered professional services from Veolia Environmental and Sonoma Technology, Inc. [141] Paid debt service for the year

Page 28 of 3560 ends

Attachment 1 - FY2023-24 Q3 Budget Review
FUNDS
FY2023-24

ORIGINAL
BUDGET
FY2023-24

REVISED
BUDGET

ACTUALS
THRU
MARCH 2024
ENCUMB
W/
ENCUMB
% USED

W/O ENCUMB
% USED

AVAILABLE
BUDGET
FY2023-24

YEAR-END

PROJECTION
NOTES
4005 MARINA
USE OF MONEY&PROPRTY - - (131,319) - - - 131,319 - [142] RENTAL INCOME (450,000) (450,000) (420,193) - 93% 93% (29,807) (450,000) REVENUE (450,000) (450,000) (551,512) - 123% 123% 101,512 (450,000) PROF & ADMIN 924,842 924,842 5,312 6,600 1% 1% 912,930 924,842 DEBT SVC EXPENDITURE 206,815 206,815 206,815 - 100% 100% - 206,815 [143] OPER XFERS OUT 86,778 86,778 65,082 - 75% 75% 21,696 86,778 EXPENDITURE 1,218,435 1,218,435 277,209 6,600 23% 23% 934,626 1,218,435 NET (SURPLUS)DEFICIT 768,435 768,435 768,435 BEGINNING BALANCE: 7/1/23 4,204,961 4,204,961 4,204,961 ESTIMATED ENDING BALANCE: 6/30/24 3,436,526 3,436,526 3,436,526 4006 STORMWATER
LICENSES,PRMITS&FEES (75,000) (75,000) (24,452) - 33% 33% (50,548) (75,000) [144] FINES & FORFEITURES - - (500) - - - 500 - USE OF MONEY&PROPRTY - - (37,837) - - - 37,837 - [145] CHARGES FOR SERVICES (1,930,300) (1,930,300) (1,123,419) - 58% 58% (806,881) (1,930,300) [146] RENTAL INCOME (4,380) (4,380) (3,900) - 89% 89% (480) (4,380) INTERGOV STATE GRANT (1,341,278) (1,341,278) - - 0% 0% (1,341,278) (1,341,278) [147] REVENUE (3,350,958) (3,350,958) (1,190,109) - 36% 36% (2,160,849) (3,350,958) SALARIES AND WAGES 113,054 113,054 26,935 - 24% 24% 86,119 113,054 PYRLL/FRINGE BENEFIT 70,192 70,192 15,594 - 22% 22% 54,598 70,192 PROF & ADMIN 1,529,583 2,299,871 945,956 731,334 73% 41% 622,582 2,299,871 [148] OTHER OPERATING 137,175 112,175 67,272 11,214 70% 60% 33,689 112,175 [149] UTILITIES 40,000 40,000 26,789 - 67% 67% 13,211 40,000 EQPT & CONTRACT SVCS - 226,451 113,011 93,440 91% 50% 20,000 226,451 [150] COST POOL 90,530 90,530 67,898 - 75% 75% 22,632 90,530 ASSET/CAPITAL OUTLAY 1,341,278 3,357,945 2,091,449 1,077,373 94% 62% 189,124 3,357,945 [151] EXPENDITURE 3,321,812 6,310,219 3,354,904 1,913,360 83% 53% 1,041,954 6,310,219 NET (SURPLUS)DEFICIT (29,146) 2,959,261 2,959,261 BEGINNING BALANCE: 7/1/23 3,320,225 3,320,225 3,320,225 ESTIMATED ENDING BALANCE: 6/30/24 3,349,371 360,964 360,964 NOTES
[142, 145] Interest Income from money in the bank account [143] Paid principal and interest for Marina debt service [150] Encumbered design management services from American Rivers Inc. [151] Encumbered construction flood risk expenses from UST Testing Services [144] Plan check permits revenues historically has been received in October and November [146] Storm drain revenues are received in December, April, and June [147] Reimbursements are based on expenses that have occurred [148] PO's encumbered with Veolia for annual operation & maintenance of the Treatment Plant and Sanitary Sewer System [149] Encumbered services for Streetsweeper rentals

Page 29 of 3561 ends

Attachment 1 - FY2023-24 Q3 Budget Review
FUNDS
FY2023-24

ORIGINAL
BUDGET
FY2023-24

REVISED
BUDGET

ACTUALS
THRU
MARCH 2024
ENCUMB
W/
ENCUMB
% USED

W/O ENCUMB
% USED

AVAILABLE
BUDGET
FY2023-24

YEAR-END

PROJECTION
NOTES
4008 KCRT - CABLE TELEVIS
LICENSES,PRMITS&FEES (1,250,000) (1,250,000) (474,987) - 38% 38% (775,013) (1,250,000) [152] USE OF MONEY&PROPRTY - - (15,259) - - - 15,259 - [153] REVENUE (1,250,000) (1,250,000) (490,246) - 39% 39% (759,754) (1,250,000) SALARIES AND WAGES 505,455 505,455 438,662 - 87% 87% 66,793 505,455 [154] PYRLL/FRINGE BENEFIT 340,880 340,880 263,202 - 77% 77% 77,679 340,880 [155] PROF & ADMIN 53,800 53,800 17,366 - 32% 32% 36,434 53,800 OTHER OPERATING 37,721 37,721 36,813 - 98% 98% 908 37,721 [156] UTILITIES 5,727 5,727 2,754 2,473 91% 48% 500 5,727 [157] PROVISN FOR INS LOSS 604 604 - - 0% 0% 604 604 COST POOL 221,506 221,506 166,129 - 75% 75% 55,377 221,506 EXPENDITURE 1,165,693 1,165,693 924,926 2,473 80% 79% 238,294 1,165,693 NET (SURPLUS)DEFICIT (84,307) (84,307) (84,307) BEGINNING BALANCE: 7/1/23 (1,292,089) (1,292,089) (1,292,089) ESTIMATED ENDING BALANCE: 6/30/24 (1,207,782) (1,207,782) (1,207,782) 4201 RHA-CAPITAL FUND
INTERGOV FED GRANT (1,458,433) (1,458,433) (927,055) - 64% 64% (531,378) (1,458,433) [158] REVENUE (1,458,433) (1,458,433) (927,055) - 64% 64% (531,378) (1,458,433) PROF & ADMIN 219,250 279,250 76,643 44,276 43% 27% 158,332 279,250 [159] OTHER OPERATING 170,000 170,000 68,018 2,524 41% 40% 99,459 170,000 EQPT & CONTRACT SVCS 150,308 280,308 148,187 34,313 65% 53% 97,808 280,308 ASSET/CAPITAL OUTLAY 125,000 25,000 - 25 0% 0% 24,975 25,000 GRANT EXPENDITURES 328,480 238,480 22,429 30,431 22% 9% 185,620 238,480 OPER XFERS OUT 465,395 465,395 390,712 - 84% 84% 74,683 465,395 [160] EXPENDITURE 1,458,433 1,458,433 705,989 111,568 56% 48% 640,876 1,458,433

NET (SURPLUS)DEFICIT - - - BEGINNING BALANCE: 7/1/23 1,606,223 1,606,223 1,606,223 ESTIMATED ENDING BALANCE: 6/30/24 1,606,223 1,606,223 1,606,223 NOTES
[152] Quarterly revenues from Comcast, DirectTV, and Constellation New Energy has not been received yet [153] Interest Income from money in the bank account
[160] Transfer Out for Capital Fund Operations
[155] PERS Unfunded Accrued Liability is slightly higher than budgeted [156] Purchased computer hardware and accessories
[157] Encumbered cable and internet services from Comcast [158] Reimbursements are based on expenses that have occurred [159] Financial services encumbered from D. Rosen consulting [154] Part-time salaries were not budgeted

Page 30 of 3562 ends

Attachment 1 - FY2023-24 Q3 Budget Review
FUNDS
FY2023-24

ORIGINAL
BUDGET
FY2023-24

REVISED
BUDGET

ACTUALS
THRU
MARCH 2024
ENCUMB
W/
ENCUMB
% USED

W/O ENCUMB
% USED

AVAILABLE
BUDGET
FY2023-24

YEAR-END

PROJECTION
NOTES
4401 RHA-HACIENDA
PROC FR SLE PROP (57,000) (57,000) - - 0% 0% (57,000) (57,000) [161] REVENUE (57,000) (57,000) - - 0% 0% (57,000) (57,000) SALARIES AND WAGES 10,000 10,000 6,653 - 67% 67% 3,347 10,000 PYRLL/FRINGE BENEFIT 5,000 5,000 3,846 - 77% 77% 1,154 5,000 [162] OTHER OPERATING 5,000 5,000 72 - 1% 1% 4,928 5,000 UTILITIES 1,000 1,000 - - 0% 0% 1,000 1,000 EQPT & CONTRACT SVCS 36,000 36,000 - - 0% 0% 36,000 36,000 EXPENDITURE 57,000 57,000 10,571 - 19% 19% 46,429 57,000

NET (SURPLUS)DEFICIT - - - BEGINNING BALANCE: 7/1/23 (2,124,872) (2,124,872) (2,124,872) ESTIMATED ENDING BALANCE: 6/30/24 (2,124,872) (2,124,872) (2,124,872) 4404 RHA-NEVIN PLAZA
OTHER REVENUE - - (465) - - - 465 - RENTAL INCOME - - 11,157 - - - (11,157) - [163] INTERGOV FED GRANT (535,198) (555,995) (337,315) - 61% 61% (218,680) (555,995) REVENUE (535,198) (555,995) (326,623) - 59% 59% (229,372) (555,995) SALARIES AND WAGES 22,076 26,410 59,804 - 226% 226% (33,394) 26,410 [164] PYRLL/FRINGE BENEFIT 13,985 13,985 33,768 - 241% 241% (19,783) 13,985 [165] PROF & ADMIN 56,950 56,670 40,608 9,729 89% 72% 6,333 56,670 [166] OTHER OPERATING 2,300 6,384 4,083 1,837 93% 64% 464 6,384 [167] UTILITIES 10,000 2,513 1,905 - 76% 76% 608 2,513 [168] EQPT & CONTRACT SVCS - 3,683 3,682 1 100% 100% - 3,683 [169] OPER XFERS OUT 429,887 429,887 - - 0% 0% 429,887 429,887 EXPENDITURE 535,198 539,532 143,850 11,567 29% 27% 384,115 539,532 NET (SURPLUS)DEFICIT - (16,463) (16,463) BEGINNING BALANCE: 7/1/23 (1,176,588) (1,176,588) (1,176,588) ESTIMATED ENDING BALANCE: 6/30/24 (1,176,588) (1,160,125) (1,160,125) NOTES
[164, 165] The payroll charges for RHA are directly charged to fund. After receiving a Timesheet from RHA staff, the charges are then allocated to the appropriate funds. The negative contra transaction is in Fund 4501.
[166] Encumbered audit services from Maze & Associates
[167] Encumbrance for rental of a truck
[168] Paid Pacific Bell telephone expenses
[169] Encumbered contract for pest control from Happy Pest Control, Inc. [161] Revenues from sale of properties is unpredictable [162] Benefit allocations for staff working on grants slightly higher than anticipated [163] Received rental income that was not budgeted

Page 31 of 3563 ends

Attachment 1 - FY2023-24 Q3 Budget Review
FUNDS
FY2023-24

ORIGINAL
BUDGET
FY2023-24

REVISED
BUDGET

ACTUALS
THRU
MARCH 2024
ENCUMB
W/
ENCUMB
% USED

W/O ENCUMB
% USED

AVAILABLE
BUDGET
FY2023-24

YEAR-END

PROJECTION
NOTES
4405 RHA-NYSTROM VILLAGE
USE OF MONEY&PROPRTY - - (31) - - - 31 - [170] OTHER REVENUE (6,200) (36,800) (24,890) - 68% 68% (11,910) (36,800) [171] RENTAL INCOME (250,000) (277,868) (209,159) - 75% 75% (68,709) (277,868) INTERGOV FED GRANT (499,194) (507,132) (337,973) - 67% 67% (169,159) (507,132) [172] OPER XFERS IN (915,101) (915,101) (279,080) - 30% 30% (636,021) (915,101) [173] REVENUE (1,670,495) (1,736,901) (851,133) - 49% 49% (885,768) (1,736,901) SALARIES AND WAGES 551,183 562,349 325,614 - 58% 58% 236,735 562,349 PYRLL/FRINGE BENEFIT 433,916 433,916 215,637 - 50% 50% 218,279 433,916 PROF & ADMIN 173,060 291,860 138,138 15,793 53% 47% 137,930 291,860 OTHER OPERATING 106,595 174,900 147,519 6,611 88% 84% 20,770 174,900 [174] UTILITIES 195,600 187,600 141,868 - 76% 76% 45,732 187,600 [175] EQPT & CONTRACT SVCS 143,440 164,135 68,547 23,534 56% 42% 72,054 164,135 PROVISN FOR INS LOSS 35,860 35,860 35,081 11 98% 98% 768 35,860 [176] COST POOL 30,841 62,409 46,809 - 75% 75% 15,600 62,409 EXPENDITURE 1,670,495 1,913,029 1,119,213 45,948 61% 59% 747,867 1,913,029 NET (SURPLUS)DEFICIT - 176,128 176,128 BEGINNING BALANCE: 7/1/23 (2,839,766) (2,839,766) (2,839,766) ESTIMATED ENDING BALANCE: 6/30/24 (2,839,766) (3,015,894) (3,015,894) 4406 RHA-RICHMOND VILLAGE ONE
INTERGOV FED GRANT (283,575) (237,830) (154,863) - 65% 65% (82,967) (237,830) [177] REVENUE (283,575) (237,830) (154,863) - 65% 65% (82,967) (237,830) SALARIES AND WAGES 7,473 7,473 - - 0% 0% 7,473 7,473 PYRLL/FRINGE BENEFIT 3,496 3,496 - - 0% 0% 3,496 3,496 OTHER OPERATING - 209 208 1 100% 100% 0 209 [178] GRANT EXPENDITURES 272,606 226,652 154,863 - 68% 68% 71,789 226,652 EXPENDITURE 283,575 237,830 155,071 1 65% 65% 82,758 237,830

NET (SURPLUS)DEFICIT - - - BEGINNING BALANCE: 7/1/23 453,524 453,524 453,524 ESTIMATED ENDING BALANCE: 6/30/24 453,524 453,524 453,524 4407 RHA-RICHMOND VILLAGE TWO
INTERGOV FED GRANT (167,190) (151,403) (91,304) - 60% 60% (60,099) (151,403) [179] REVENUE (167,190) (151,403) (91,304) - 60% 60% (60,099) (151,403) GRANT EXPENDITURES 167,190 151,403 91,304 - 60% 60% 60,099 151,403 EXPENDITURE 167,190 151,403 91,304 - 60% 60% 60,099 151,403

NET (SURPLUS)DEFICIT - - - BEGINNING BALANCE: 7/1/23 409,904 409,904 409,904 ESTIMATED ENDING BALANCE: 6/30/24 409,904 409,904 409,904 NOTES
[178] Paid taxes to Contra Costa County Tax Collector
[172, 177, 179] Reimbursements are based on expenses that have occurred [173] The quarterly transfers in have not been completed yet [174] Paid for small tools and building maintenance supplies [176] Paid RHA property insurance
[170] Interest Income from money in the bank account
[171] Received more tenants repayments than anticipated [175] Sewer charges slightly higher than anticipated

Page 32 of 3564 ends

Attachment 1 - FY2023-24 Q3 Budget Review
FUNDS
FY2023-24

ORIGINAL
BUDGET
FY2023-24

REVISED
BUDGET

ACTUALS
THRU
MARCH 2024
ENCUMB
W/
ENCUMB
% USED

W/O ENCUMB
% USED

AVAILABLE
BUDGET
FY2023-24

YEAR-END

PROJECTION
NOTES
4408 RHA-RICHMOND VILLAGE THREE
INTERGOV FED GRANT (150,234) (106,096) (82,044) - 77% 77% (24,052) (106,096) [180] REVENUE (150,234) (106,096) (82,044) - 77% 77% (24,052) (106,096) GRANT EXPENDITURES 150,234 106,096 82,044 - 77% 77% 24,052 106,096 [181] EXPENDITURE 150,234 106,096 82,044 - 77% 77% 24,052 106,096

NET (SURPLUS)DEFICIT - - - BEGINNING BALANCE: 7/1/23 8,780 8,780 8,780 ESTIMATED ENDING BALANCE: 6/30/24 8,780 8,780 8,780 4501 RHA-CENTRAL OFFICE COST CNTR
LICENSES,PRMITS&FEES - - (25,000) - - - 25,000 - USE OF MONEY&PROPRTY - - (9) - - - 9 - [182] OPER XFERS IN (1,241,263) (1,241,263) (111,632) - 9% 9% (1,129,631) (1,241,263) [183] REVENUE (1,241,263) (1,241,263) (136,641) - 11% 11% (1,104,622) (1,241,263) SALARIES AND WAGES 22,075 22,075 126,531 - 573% 573% (104,456) 22,075 [184] PYRLL/FRINGE BENEFIT 64,453 64,453 86,609 - 134% 134% (22,156) 64,453 [185] PROF & ADMIN 1,138,820 1,138,820 - - 0% 0% 1,138,820 1,138,820 OTHER OPERATING - - 1,856 - - - (1,856) - [186] UTILITIES - - 6,507 - - - (6,507) - [187] COST POOL 15,915 60,788 45,581 - 75% 75% 15,207 60,788 EXPENDITURE 1,241,263 1,286,136 267,085 - 21% 21% 1,019,051 1,286,136 NET (SURPLUS)DEFICIT - 44,873 44,873 BEGINNING BALANCE: 7/1/23 (8,105,053) (8,105,053) (8,105,053) ESTIMATED ENDING BALANCE: 6/30/24 (8,105,053) (8,149,926) (8,149,926) 4502 RHA-HOUSING CORPORATION
LICENSES,PRMITS&FEES - (5,000) (5,000) - 100% 100% - (5,000) REVENUE - (5,000) (5,000) - 100% 0% - (5,000) PROF & ADMIN 7,050 14,050 7,010 - 50% 50% 7,040 14,050 EXPENDITURE 7,050 14,050 7,010 - 50% 50% 7,040 14,050 NET (SURPLUS)DEFICIT 7,050 9,050 9,050 BEGINNING BALANCE: 7/1/23 14,571,030 14,571,030 14,571,030 ESTIMATED ENDING BALANCE: 6/30/24 14,563,980 14,561,980 14,561,980 NOTES
[180] Reimbursements are based on expenses that have occurred [181] Completed some of the operations and subsidy payments [182] Interest Income from money in the bank account
[183] The quarterly transfers in have not been completed yet [184, 185] The payroll charges for RHA are directly charged to fund. After receiving a Timesheet from RHA staff, the charges are then allocated to the appropriate funds. The negative contra transaction is in Fund 4501.
[186] A budget transfer will be completed to cover the office supplies and postage [187] Will complete a budget transfer to cover the Verizon Wireless charges

Page 33 of 3565 ends

Attachment 1 - FY2023-24 Q3 Budget Review
FUNDS
FY2023-24

ORIGINAL
BUDGET
FY2023-24

REVISED
BUDGET

ACTUALS
THRU
MARCH 2024
ENCUMB
W/
ENCUMB
% USED

W/O ENCUMB
% USED

AVAILABLE
BUDGET
FY2023-24

YEAR-END

PROJECTION
NOTES
5001 INSURANCE RESERVES
USE OF MONEY&PROPRTY - - (1,410,877) - - - 1,410,877 - [188] CHARGES FOR SERVICES (22,227,589) (22,227,589) (16,098,614) - 72% 72% (6,128,975) (22,227,589) [189] OTHER REVENUE - - (280,380) - - - 280,380 - [190] INTERGOV STATE GRANT - - (1,291,465) - - - 1,291,465 - [191] REVENUE (22,227,589) (22,227,589) (19,081,336) - 86% 86% (3,146,253) (22,227,589) SALARIES AND WAGES 506,482 506,482 425,694 - 84% 84% 80,788 506,482 [192] PYRLL/FRINGE BENEFIT 317,505 317,505 197,003 - 62% 62% 120,502 317,505 PROF & ADMIN 1,152,200 1,117,652 584,235 162,915 67% 52% 370,502 1,117,652 OTHER OPERATING 50,500 50,500 7,693 - 15% 15% 42,807 50,500 PROVISN FOR INS LOSS 21,850,182 21,850,182 12,099,040 1,394,832 62% 55% 8,356,309 21,850,182 COST POOL 619,218 619,218 464,412 - 75% 75% 154,806 619,218 ASSET/CAPITAL OUTLAY 7,000 1,590,701 1,234,911 345,594 99% 78% 10,196 1,590,701 [193] OPER XFERS OUT - 1,040,000 - - 0% 0% 1,040,000 1,040,000 EXPENDITURE 24,503,087 27,092,240 15,012,989 1,903,341 62% 55% 10,175,910 27,092,240 NET (SURPLUS)DEFICIT 2,275,498 4,864,651 4,864,651 BEGINNING BALANCE: 7/1/23 1,881,944 1,881,944 1,881,944 ESTIMATED ENDING BALANCE: 6/30/24 (393,554) (2,982,708) (2,982,708) 5003 EQUIPMENT SERVICES
USE OF MONEY&PROPRTY - - (150,819) - - - 150,819 - [194] CHARGES FOR SERVICES (5,665,733) (5,665,733) (4,263,776) - 75% 75% (1,401,957) (5,665,733) PROC FR SLE PROP - - (137,020) - - - 137,020 - [195] OPER XFERS IN (426,018) (426,018) (319,515) - 75% 75% (106,503) (426,018) REVENUE (6,091,751) (6,091,751) (4,871,130) - 80% 80% (1,220,621) (6,091,751) EQPT & CONTRACT SVCS 155,000 155,000 - - 0% 0% 155,000 155,000 ASSET/CAPITAL OUTLAY 9,215,733 12,580,182 6,968,519 4,638,971 92% 55% 972,692 12,580,182 [196] DEBT SVC EXPENDITURE 326,018 326,018 244,514 - 75% 75% 81,505 326,018 [197] EXPENDITURE 9,696,751 13,061,200 7,213,033 4,638,971 91% 55% 1,209,197 13,061,200 NET (SURPLUS)DEFICIT 3,605,000 6,969,449 6,969,449 BEGINNING BALANCE: 7/1/23 11,110,056 11,110,056 11,110,056 ESTIMATED ENDING BALANCE: 6/30/24 7,505,056 4,140,607 4,140,607 NOTES
[188, 194] Interest Income from money in the bank account [189] Charges for services revenues slightly below budgeted threshold [190] Received reimbursements from Prism, Westport Insurance, and other insurance companies [191] Received funds from preliminary recovery for FEMA [192] Part-time salaries were not budgeted
[193] Encumbered expenses related to BTA fire rehabilitation [195] Revenue from auctioning equipment
[196] Encumbered expenses for purchase of automobiles, buses, and SUV's [197] Paid half of the Holman Capital #5 debt service principal and interest

Page 34 of 3566 ends

Attachment 1 - FY2023-24 Q3 Budget Review
FUNDS
FY2023-24

ORIGINAL
BUDGET
FY2023-24

REVISED
BUDGET

ACTUALS
THRU
MARCH 2024
ENCUMB
W/
ENCUMB
% USED

W/O ENCUMB
% USED

AVAILABLE
BUDGET
FY2023-24

YEAR-END

PROJECTION
NOTES
5008 COMPENSATED ABSENCES
OTHER REVENUE (2,600,000) (2,600,000) (1,950,001) - 75% 75% (649,999) (2,600,000) REVENUE (2,600,000) (2,600,000) (1,950,001) - 75% 75% (649,999) (2,600,000) SALARIES AND WAGES 2,600,000 2,600,000 1,481,138 - 57% 57% 1,118,862 2,600,000 PYRLL/FRINGE BENEFIT - - 22,861 - - - (22,861) - [198] EXPENDITURE 2,600,000 2,600,000 1,504,000 - 58% 58% 1,096,000 2,600,000

NET (SURPLUS)DEFICIT - - - BEGINNING BALANCE: 7/1/23 1,240,892 1,240,892 1,240,892 ESTIMATED ENDING BALANCE: 6/30/24 1,240,892 1,240,892 1,240,892 NON GF - REVENUE (229,526,702) (304,721,348) (142,924,668) - 47% 47% (161,796,680) NON GF - EXPENDITURE 330,166,006 455,140,613 146,736,022 53,908,607 44% 32% 254,495,983 NON GF - GRAND TOTAL 100,639,303 150,419,265 3,811,354 53,908,607 38% 3% 92,699,303 NOTES
[198] Medicare Tax employee portion is not budgeted

Page 35 of 3567 ends

Attachment 2 – American Rescue Plan Act (ARPA) Funding by Department Allocations Amount Department
Community Needs Assessment 250,000$ Community Services Youthworks 1,200,000$ Community Services
Unhoused Flex Funds 50,000$ Community Development Richmond Rapid Response Fund (Direct Disbursements, Rent Relief & Guaranteed Income) 1,000,000$ Community Development Tenant Protection & Rental Assistance 1,984,233$ Community Development Blue/Green New Deal & Just Transition 300,000$ Economic Development Art Initiative 250,000$ Economic Development Small Business Support 1,250,000$ Economic Development Nevin Plaza Housing Project 1,750,000$ Economic Development - Richmond Housing Authority Nystrom Village 2,000,000$ Economic Development - Richmond Housing Authority ARPA Technical Assistance 150,000$ Finance Nevin Community Center - Heating, Ventilation, Air Conditioning (HVAC) Improvements 10,250 $ Public Works Recreation Center Administration - HVAC Improvements 25,025 $ Public Works Booker T. Anderson Community Center - HVAC Improvements 500,000 $ Public Works Community Beautification (13Th Street Complete Streets Project) 1,000,000 $ Public Works ADA Misc. Sidewalk Rehabilitation Project 2,360,094 $ Public Works Infrastructure: Booker T Anderson Center 1,000,000 $ Public Works Parks/Restrooms 7,703,008$ Public Works
Infrastructure: Stormwater 750,000 $ Public Works - Stormwater North Richmond Pump Station 1,068,152 $ Public Works - Waste Water Recovery Ferry Point Dornan Pump Station 731,848 $ Public Works - Waste Water Recovery Library Infrastructure Grant Match 2,258,113 $ Public Works & Community Services MLK Park Turf Field 150,000$ Public Works & Community Services Allocations Total (Council-Approved) 27,740,723 $
168
City of Richmond
FY2023-24 Quarter 3 Report
Attachment 3 - Capital Improvement Projects
ORIGINAL TRANSFERS REVISED 3/31/2024
BUDGET ADJ BUDGET EXPENDED BALANCE % WITHOUT
NON-GENERAL FUND - PROJECT FUNDS FY2023-24 FY2023-24 FY2023-24 FY2023-24 ENCUMB REMAINING ENCUMB % USED Notes 1002 - GAS TAX
REVENUE (3,289,455) - (3,289,455) (2,158,900) - (1,130,555) 66% 66% [1]
BRIDGE PREVENTIVE MAINTENANCE 248,340 - 248,340 -
- 248,340
0% 0%
GREENWAY REHAB AND BIKE EDUCATION 27,310 - 27,310 -
27,310 -
0% 0%
SMART SIGNALS SAN PABLO & 23RD -
182,336
182,336 -
- 182,336
0% 0%
STREET PAVING 2,840,455 - 2,840,455 2,181,794 366,180 292,480 77% 90% [2]
TOTAL - STATE GAS TAX - EXPENSES 3,116,105 182,336 3,298,441 2,181,794 393,490 723,156 66% 78%
1005 - LIBRARY
REVENUE (9,947,979) - (9,947,979) -

- (9,947,979) 0% 0% [3]
BOOKMOBILE - NEW 250,000 - 250,000 -
- 250,000
0% 0%
MAIN LIBRARY REMODEL 9,697,979 7,920
9,705,899 196,057 949,572 8,560,270 2% 12% TOTAL - ASSET SEIZURE - EXPENSES 9,947,979 7,920 9,955,899 196,057 949,572 8,810,270 2% 12% 1006 - OUTSIDE FUNDED GRANTS
REVENUE (15,440,062) - (19,590,062) (2,342,788) - (17,377,386) 12% 12% [4]
DIRT WORLD BIKE PARK REVITALIZATION 444,800 516,878 961,678 441,750 446,818 73,110 46% 92% [5]

PARKS MAINTENANCE EQUIPMENT -
215,729 215,729 - 215,729 - 0% 100% [6]
RICHMOND COMMUNITIES CLEAN COLLOBOR 4,954,838 101,930 5,056,768 179,472 373,841 4,503,456 4% 11% SHIELDS-REID PARK REVITALIZATION 6,437,609 1,195,528 7,633,137 497,051 1,258,124 5,877,963 7% 23% TERMINAL 4 WHARF REMOVAL 3,602,815 4,150,000 7,752,815 6,854,258 834,590 63,967 88% 99% [7]
EXPENSES 15,440,062 6,180,066 21,620,128 7,972,531 3,129,101 10,518,496 37% 51% 1019 - ROAD MAINTENANCE REHABILITATION ACCOUNT (RMRA) SB1 REVENUE (2,864,927) - (2,864,927) (1,984,326) - (880,601)

69% 69% [8]
STREET PAVING - ANNUAL ALLOCATION 2,864,927 - 2,864,927 - - 2,864,927 0% 0%

STREET PAVING - CASTRO RANCH ROAD -
214,195
214,195 5,243 208,953 -
2% 100% [9]
Notes:
[1] Gas
Tax revenue received is through February, it has a one month lag time [2] M
ultiple PO's encumbered for equipment rental, asphalt materials and supplies to support the street paving program [3] Gr
ant revenue is received after expense occurs
[5] PO enc
umbered with American Ramp Company for bike pump tract construction and installation services. City Council approved 10/18/22 contract term 10/18/22 to 12/31/25 [6] Pr
ior year PO carried-forward with 72 Hour LLC for purchase of twelve new F350's with flatbeds [7] PO enc
umbered with Silverado Contractors, Inc. for Terminal 4 Wharf Removal project. City Council approved 5/2/23 contract term 6/1/23 to 6/30/24 [8] SB1 r
evenue received is through February, it has a one month lag time [9] Pr
ior Year PO encumbered with Ghilotti Bros for work on the Castro Ranch paving project [4] Gr
ant revenue is received after expense occurs, revenue received is for Dirt World Bike Park $156,063, Parks Maintenance Eq uipment $9,659, Shelds-Reid $286,922 and Terminal 4 Wharf Removal $1,890,144
1 69
City of Richmond
FY2023-24 Quarter 3 Report
Attachment 3 - Capital Improvement Projects
ORIGINAL TRANSFERS REVISED 3/31/2024
BUDGET ADJ BUDGET EXPENDED BALANCE % WITHOUT
NON-GENERAL FUND - PROJECT FUNDS FY2023-24 FY2023-24 FY2023-24 FY2023-24 ENCUMB REMAINING ENCUMB % USED Notes STREET PAVING - CUTTING/HARBOUR WAY S 79,717 415,436 495,153 29,443 424,793 40,917 6% 92% [10] STREET PAVING - MARINA WAY - 3,553 3,553 - 3,553 - 0% 100% [11] TOTAL - RMRA - EXPENSES 2,944,644 633,184 3,577,828 34,685 637,299 2,905,844 1% 19% 1054 - ENGINEERING GRANTS
REVENUE (11,943,456) (8,503,568) (20,447,024) (4,313,601) - (16,133,423) 21% 21% [12] ATP QUICK BUILD CUTTING/HOFFMAN 211,793 402,419 614,212 13,102 402,419 198,691 2% 68% ATP QUICK BUILD HARBOUR WAY S. CYCLE T 154,721 - 154,721 5,273 0 149,448 3% 3% BOORMAN PARK REVITALIZATION 3,324,489 216,109 3,540,598 (135,617) 338,400 3,337,816 -4% 6% BRIDGE PREVENTIVE MAINTENANCE 1,873,395 - 1,873,395 11,123 7,878 1,854,395 1% 1% CARLSON BLVD. CROSSTOWN CONNECTIO N 214,599 - 214,599 - - 214,599 0% 0% CASTRO RANCH ROAD REHABILITATION - 456,452 456,452 - 456,452 - 0% 100% [13] GREENING THE YELOW BRICK ROAD 351,769 1,045,572 1,397,341 370,535 760,136 266,670 27% 81% [46] GREENWAY REHAB AND BIKE EDUCATION 97,500 2,500 100,000 4,800 70,600 24,600 5% 75% HARBOUR 8 PARK EXTENSION 513,190 4,906,364 5,419,554 1,878,253 3,061,275 480,027 35% 91% [15] HARBOUR WAY & WRIGHT SECTION 130 1,197,000 (74) 1,196,926 - 255,056 941,870 0% 21% I-80 CENTRAL INTERCHANGE PHASE II - 4,500,000 4,500,000 - 500,875 3,999,125 0% 11% RICHMOND ART AND LIGHT - 4,000,000 4,000,000 69,381 416,146 3,514,474 2% 12% YELLOW BRICK ROAD 5,000 - 5,000 - - 5,000 0% 0% YELLOW BRICK ROAD CLEAN, GREEN & BEA U 4,000,000 - 4,000,000 487,302 3,039,298 473,400 12% 88% [16] EXPENSES 11,943,456 15,529,342 27,472,798 2,704,150 9,308,534 15,460,114 10% 44% 1306 - AMERICAN RESCUE PLAN ACT (ARPA)

REVENUE - - - - - - 13TH STREET COMPLETE STREET 1,000,000 - 1,000,000 - - 1,000,000 0% 0% BOOKER T. ANDERSON (BTA) CENTER HVAC - 500,000 500,000 - - 500,000 0% 0% BOOKER T. ANDERSON (BTA) CENTER INFRA - 1,000,000 1,000,000 8,733 72,268 919,000 1% 8% Notes:
[10] Prior year PO encumbered with WR Forde for construction work on the Cutting/Harbour Way S Bikeway project [11] Prior year PO encumbered with Ghilotti Bros for construction of the Wellness Trail project [13] Prior Year PO encumbered with Ghilotti Bros for work on the Castro Ranch paving project [15] PO encumbered with POGO Park for design and build the Ha rbour 8 Park Expansion project. City Council approved 7/19/22 contract thru 6/30/24 [16] PO's encumbered with POGO Park fo r design and construction of Yellow Brick Road Clean, Green & Beautiful project [14] Prior year PO's carried-forward with Ghilotti Bros. for Construction and POGO Park for pub lic outreach and plant establishment. City Council approved 10/19/21 contract term 11/30/21 to 12/31/25 [12] Grant revenue is received is for ATP Quick Build Cutting/Hoffman $46,695, ATP Quick Build Harbour Way $4,123, Castro Ranch Rd. $416,085, Harbour 8 Park Expansion $1,374,016, Yellow Brick Rd. $1,523,403, Carlson Crosstown Connections $500,000, and Yellow Brick Rd. Clean, Green & Beautiful $449,278. 270
City of Richmond
FY2023-24 Quarter 3 Report
Attachment 3 - Capital Improvement Projects
ORIGINAL TRANSFERS REVISED 3/31/2024
BUDGET ADJ BUDGET EXPENDED BALANCE % WITHOUT
NON-GENERAL FUND - PROJECT FUNDS FY2023-24 FY2023-24 FY2023-24 FY2023-24 ENCUMB REMAINING ENCUMB % USED Notes FIRE STATION 66 IMPROVEMENTS - 423,283 423,283 - - 423,283 0% 0% MAIN LIBRARY REMODEL 4,560,490 (404,000) 4,156,490 328,313 1,631,084 2,197, 093 8% 47% NEVIN CENTER HVAC 450,000 614,750 1,064,750 - - 1,064,750 0% 0% NORTH RICHMOND PUMP STATION - 359,203 359,203 - 359,203 - 0% 100% [17] RECREATION CENTER HVAC 451,000 663,975 1,114,975 - - 1,114,975 0% 0% RICHMOND MUSEUM 467,400 (467,400) - - - - 0% 0% [18] SHIELDS-REID COMMUNITY CENTER HVAC - 900,000 900,000 - - 900,000 0% 0% SOCCER FIELDS-RESTROOMS-PARKS - 4,200,000 4,200,000 - - 4,200,000 0% 0% STORMWATER INFRASTRUCTURE - 750,000 750,000 - - 750,000 0% 0% STREET PAVING - 461,717 461,717 - - 461,717 0% 0% TOTAL - AMERICAN RESCUE PLAN ACT (ARP 6,928,890 9,001,528 15,930,418 337,046 2,062,554 13,530,818 100% 100% 2001 - GENERAL CAPITAL
REVENUE (650,000) (13,414,218) (14,064,218) (10,470,219) - (3,593,999) 100% 100% [19] 13TH STREET COMPLETE STREET - 215,000 215,000 12,220 32,112 170,668 6% 21% 37TH STREET IMPROVEMENT - 50,000 50,000 - - 50,000 0% 0% AMERICANS WITH DISABILITIES ACT (ADA), S 3,115,181 - 3,115,181 168,661 100,221 2,846,299 5% 9% ATP QUICK BUILD CUTTING/HOFFMAN - 286,029 286,029 - 6,029 280,000 0% 2% AUDIO VIDEO EQUIPMENT REPLACMENT - 294,000 294,000 - - 294,000 0% 0% [20] AUDITORIUM UPGRADES 497,955 305,021 802,976 218,450 86,571 497,955 27% 38% BARRETT AVE RD. IMPROVEMENT - 315,000 315,000 - - 315,000 0% 0% BAYVIEW TO BART - 270,000 270,000 - - 270,000 0% 0% BOORMAN PARK REVITALIZATION - 3,000,000 3,000,000 200,224 - 2,799,776 7% 7% BRIDGE PREVENTIVE MAINTENANCE - 65,000 65,000 - - 65,000 0% 0% CARLSON BLVD. FY2023-2024 750,000 520,000 1,270,000 59,110 2,845 1,208,045 5% 5% CIVIC CENTER PLAZA LANDSCAPING - 200,000 200,000 - - 200,000 0% 0% [21] CORP YARD FENCE - 37,500 37,500 - - 37,500 0% 0% [22] CORP YARD BATHROOM REMODEL 131,235 45,000 176,235 - - 176,235 0% 0% CORP YARD FUEL SITES UPGRADES 179,211 - 179,211 - - 179,211 0% 0% CORP YARD SECURITY CAMERAS - 37,500 37,500 - - 37,500 0% 0% [23] DORNAN TUNNEL LIGHTING - 60,000 60,000 - - 60,000 0% 0% [24] Notes:
[17] Prior year PO encumbered with Contra Costa County fo r construction of the North Richmond Pump Station project [18] 7/11/23 City Council approved to reappropriate the funding to Booker T. Anderson (BTA) Center HVAC project [20] Mid-year approved $294K for Audio Video Equipment for Information Technology Department [21] Mid-year approved $200K for Civic Center Plaza Landscaping [22] Mid-year approved $37.5K for Corporation Yard Fence [23] Mid-year approved $37.5K for Corporation Yard Security Cameras [24] Mid-year approved $60K for Dornan Tunnel Lighting
[19] General Capital Fund revenue is from one-time transfer-in from General Fund of $9,520,218 for project shortfalls, $650,000 for the Rheem Creek Project and HOA revenue of $300,000 for Street 3 71
City of Richmond
FY2023-24 Quarter 3 Report
Attachment 3 - Capital Improvement Projects
ORIGINAL TRANSFERS REVISED 3/31/2024
BUDGET ADJ BUDGET EXPENDED BALANCE % WITHOUT
NON-GENERAL FUND - PROJECT FUNDS FY2023-24 FY2023-24 FY2023-24 FY2023-24 ENCUMB REMAINING ENCUMB % USED Notes FIRE STATION 63 IMPROVEMENTS - 300,000 300,000 - - 300,000 0% 0% [25] FIRE STATION 66 - GENDER SPECIFIC RESTR 275,052 81,717 356,769 - - 356,769 0% 0% FIRE TRAIL ACCESS - 50,000 50,000 - - 50,000 0% 0% [26] GREENWAY REHAB AND BIKE EDUCATION - 25,000 25,000 - - 25,000 0% 0% HILLTOP FIRE STATION CARD READER 50,000 20,000 70,000 - - 70,000 0% 0% IT FIRE EOC EQUIPMENT - 278,501 278,501 55,146 75,486 147,869 20% 47% LINCOLN SAFE ROUTES TO SCHOOL - 265,000 265,000 13,548 10,200 241,253 5% 9% MAIN LIBRARY REMODEL 15,000,000 - 15,000,000 5,000 - 14,995,000 0% 0% MARTIN LUTHER KING JR. CENTER 267,692 - 267,692 - - 267,692 0% 0% MCBRYDE SAFE ROUTES TO PARKS - 260,000 260,000 - - 260,000 0% 0% MCDONALD AVE PEDESTRAIN CROSSING - 50,000 50,000 - - 50,000 0% 0% METROWALK TRANSIT VILLAGE - 50,000 50,000 - - 50,000 0% 0% NATIVE AMERICAN HEALTH CENTER 50,000 - 50,000 - - 50,000 0% 0% NETWOTRK REFRESH - 282,525 282,525 - - 282,525 0% 0% PARKS YARD FUEL SITE UPGRADES 220,000 - 220,000 - - 220,000 0% 0% POST ENCAMPMENT CLEANUP EQUIPMENT - 75,000 75,000 - - 75,000 0% 0% [27] PT. MOLATE COTTAGES ASSESSMENT - 878,160 878,160 194,225 154,037 529,898 22% 40% RHEEM CREEK FLOOD RISK REDUCTION - 650,000 650,000 33,633 592,172 24,195 5% 96% [28]

RICHMOND COMMUNITIES CLEAN
COLLOBORATIVE - 1,500,000 1,500,000 17,348 4,337 1,478,316 1% 1% SANTA RITA ROAD STABILIZATION 650,000 390,000 1,040,000 416,071 509,671 114,258 40% 89% [29] SF BAY TRAIL - (PT. RICHMOND TO PT.

MOLATE) 606,873 750,000 1,356,873 5,200 6,276 1,345,397 0% 1%

SHIELDS-REID COMMUNITY CENTER HVAC
SYSTEM UPGRADE 127,250 - 127,250 - - 127,250 0% 0% STREET PAVING - 1,300,000 1,300,000 243,874 749,258 306,868 19% 76% [30] STREE SWEEPING SIGNS INSTALLATION - 550,000 550,000 - - 550,000 0% 0% TERMINAL 4 WHARF REMOVAL - 760,000 760,000 - - 760,000 0% 0% TRAFFIC CALMING PROGRAM 900,000 663,262 1,563,262 46,125 117,136 1,400,000 3% 10% [31] VIA VERDI MITIGATION - 400,000 400,000 - - 400,000 0% 0% [32] YELLOW BRICK RD. - 300,000 300,000 11,091 6,410 282,500 4% 6% TOTAL - GENERAL CAPITAL - EXPENSES 22,820,449 15,579,215 38,399,664 1,699,926 2,452,759 34,246,979 4% 11% Notes:
[25] Mid-year approved $300K for Fire Station 63 Improvements [26] Mid-year approved $50K for Fire Trail Access. Originally approved in FY2022-23 but was not budgeted in FY2023-24 [27] Mid-year approved $75K for Post Encampment Cleanup Equipment [30] Mid-year approved $300K additional revenue received from HOA's for Street Paving [31] Mid-year approved $500K for Traffic Calming Program [32] Mid-year approved $400K for Via Verdi Mitigation
[28] 7/11/23 City Council approved to reappropriate the funding from Santa Rita Rd. Stab ilization project to cover gap in Rheem Creek project. PO encumbered with UST Testing Services for construction work
[29] 9/26/23 City Council approved to transfer funding from the Ri sk Management Fund to General Capital Fund for the project. P O encumbered with John Cummins, City Council approved 10/24/23 contract term 10/31/23 to TBD. Also, PO encumbered with Macks Craic, Inc. for construction management 4 72
City of Richmond
FY2023-24 Quarter 3 Report
Attachment 3 - Capital Improvement Projects
ORIGINAL TRANSFERS REVISED 3/31/2024
BUDGET ADJ BUDGET EXPENDED BALANCE % WITHOUT
NON-GENERAL FUND - PROJECT FUNDS FY2023-24 FY2023-24 FY2023-24 FY2023-24 ENCUMB REMAINING ENCUMB % USED Notes 2002 - MEASURE J
REVENUE (4,292,882) 1,164,061 (3,128,821) (2,174,371) - (954,450) 69% 69% [33] 13TH STREET COMPLETE STREET 2,775,063 (2,690,848) 84,215 72,573 11,643 - 86% 100% [34] ADA SIDEWALKS - 139,926 139,926 34,998 104,928 - 25% 100% [35] I-80 CENTRAL INTERCHANGE PHASE II 2,192,740 (1,220,380) 972,360 119,888 39,400 813,072 12% 16% SF BAY TRAIL GOODRICK - 20,443 20,443 1,731 18,713 - 8% 100% [36] STREET PAVING - 476,676 476,676 282,211 63,399 131,066 59% 73% [37] SURFACE DRAINAGE 300,000 - 300,000 45,700 - 254,300 15% 15% TRAFFIC CALMING PROGRAM 300,000 - 300,000 32,720 - 267,280 11% 11% TRAFFIC SAFETY IMPROVEMENTS 375,000 10,769 385,769 44,233 82,336 259,200 11% 33% TRAFFIC SIGNAL IMPROVEMENTS 6TH &
MACDONALD - 241,000 241,000 - 204,8 20 36,180 0% 85% [38] TOTAL - MEASURE J - EXPENSES 5,942,803 (3,022,414) 2,920,389 634,052 525,238 1,761,099 22% 40% 2116 - OPEN SPACE IMPACT FEE
REVENUE - (253,350) (253,350) (378,450) - - 100% 100% [39] RICHMOND SOCCER FIELD STUDY - 80,000 80,000 76,607 46 3,347 96% 96% [40] SF BAY TRAIL - (PT. RICHMOND TO PT. MOLA 373,264 - 373,264 - - 373,264 0% 0% TOTAL - OPENSPACE IMPACT FEE - EXPENS 373,264 80,000 453,264 76,607 46 376,611 17% 17% 2117 - LIBRARY IMPACT FEE
REVENUE - (72,106) (72,106) (106,000) - 33,894 100% 100% [39] BOOKMOBILE - NEW 140,000 - 140,000 65,123 2 74,875 47% 47% COURTYARD ENCLOSURE - MAIN LIBRARY 364,188 (364,188) - - - - 0% 0% MAIN LIBRARY REMODEL 700,000 364,188 1,064,188 - - 1,064,188 0% 0% TOTAL - LIBRARY IMPACT FEE - EXPENSES 1,204,188 - 1,204,188 65,123 2 1,139,063 5% 5% Notes:
[34] PO Encumbered with Nichols Consulting Engineers for engineering services [35] PO Encumbered with Precision Emprise Inc, for sidewalk base assessment [36] Prior year PO carried-forward with LSA to process outstanding invoices [37] PO's Encumbered with San Rafael Rock Quarry Inc. and Martin Marietta Materials for road and highway building materials. M id-year approved $131,066 [38] PO Encumbered with Nema Construction for work on the 6th & Macdonald Traffic Signal project [39] Mid-year approved to add budget based on actuals received as of 12/31/23 [40] Payment to CSW/Stuber-Stroeh Engineering Group to complete study, City Council approved 7/11/23 contract term 7/12/23 to 6 /30/26 [33] Measure J revenue budget is for: 13th Street $848,000 and I-80 Interchange $980,821 projects, in addition to the annual al lotment of $1.3M . Current revenue received is for prior year allotment of $2,133,262
5 73
City of Richmond
FY2023-24 Quarter 3 Report
Attachment 3 - Capital Improvement Projects
ORIGINAL TRANSFERS REVISED 3/31/2024
BUDGET ADJ BUDGET EXPENDED BALANCE % WITHOUT
NON-GENERAL FUND - PROJECT FUNDS FY2023-24 FY2023-24 FY2023-24 FY2023-24 ENCUMB REMAINING ENCUMB % USED Notes 2120 - WASTEWATER IMPACT FEE
TOTAL REVENUE - - - - - - 0% 0% COGENERATION - 673,842 673,842 - 673,842 - 0% 100% [41] SANITARY SEWER REPAIRS /BRICK MANHOL 250,000 - 250,000 - - 250,000 0% 0% TOTAL - WASTEWATER IMPACT FEE - EXPEN 250,000 673,842 923,842 - 673,842 250,000 0% 73% TOTAL - REVENUE - CAPITAL PROJECT FUND (48,428,761) (21,079,181) (73,657,942) (23,928,655) - (49,984,500) 32% 32% TOTAL - EXPENSES - CAPITAL PROJECT FUN 80,911,840 44,845,018 125,756,859 15,901,972 20,132,438 89,722,449 13% 29% 1201 - HOUSING DEPARTMENT - CDBG

AMERICANS WITH DISABILITIES ACT (ADA)
BOOKER T. ANDERSON (BTA) CENTER 485,000 - 485,000 - - 485,000 0% 0%

AMERICANS WITH DISABILITIES ACT (ADA)
PARCHESTER CENTER 441,481 - 441,481 - - 441,481 0% 0% TOTAL - HOUSING DEPARTMENT - ADA 926,481 - 926,481 - - 926,481 0% 0% 4001 - PORT CIP
CAFETERIA BUILDING WINTERIZATION - 141,894 141,894 - - 141,894 0% 0% ELECTRICAL MAINTENANCE 60,000 - 60,000 - - 60,000 0% 0% PAVEMENT MAINTENANCE 150,000 - 150,000 - - 150,000 0% 0%

PPMT ELECTRICAL AND WATERING METERI
N 365,000 - 365,000 - - 365,000 0% 0% PROCESSING BUILDING VENTILATION 55,000 - 55,000 - - 55,000 0% 0% PROCESSING BUILDING WINDOW REPAIR 350,000 - 350,000 - - 350,000 0% 0% RIGGERS LOFT PAINTING 285,000 - 285,000 - - 285,000 0% 0% TERMINAL 4 WHARF REMOVAL 2,500,000 - 2,500,000 - - 2,500,000 0% 0% TERMINALS 7 & 8 DREDGING 65,000 - 65,000 - - 65,000 0% 0% TERMINALS 7 & 8 ELECTRIFICATION 1,700,000 - 1,700,000 - - 1,700,000 0% 0% YACHT ENTRANCE HARBOUR DREDGING 45,000 - 45,000 - - 45,000 0% 0% TOTAL - PORT CIP 5,575,000 141,894 5,716,894 - - 5,716,894 0% 0% 4003 - WATER RESOURCE RECOVERY WASTEWATER CIP
COGENERATION 3,000,000 31,616 3,031,616 - - 3,031,616 0% 0% CUTTING BLVD. & HARBOUR WAY S. SEWER 2,000,000 - 2,000,000 - - 2,000,000 0% 0% DECLORINATION - 1,084,722 1,084,722 - 364,722 720,000 0% 34%

DORNAN DRIVE FORCE MAIN
REHABILITATION 4,000,000 - 4,000,000 309,601 26,579 3,663,820 8% 8%

FERRY POINT DORNAN DRIVE PUMP
STATION - 1,812,464 1,812,464 1,080,592 412,572 319,300 60% 82% [42] Notes:
[41] Prior year PO encumbered with Veolia for work on the Cogeneration project [42] Multiple PO's encumbered for work on the Ferry Point Pump Station project 6 74
City of Richmond
FY2023-24 Quarter 3 Report
Attachment 3 - Capital Improvement Projects
ORIGINAL TRANSFERS REVISED 3/31/2024
BUDGET ADJ BUDGET EXPENDED BALANCE % WITHOUT
NON-GENERAL FUND - PROJECT FUNDS FY2023-24 FY2023-24 FY2023-24 FY2023-24 ENCUMB REMAINING ENCUMB % USED Notes FIRST ST, & BISSEL SEWER - 10,433 10,433 - 10,433 - 0% 100% [43] FIRST ST, WET WEATHER - 207,572 207,572 - 207,572 - 0% 100% [43] GRIT AND AERATION REPLACEMENT 20,000,000 5,718,462 25,718,462 4,381,025 1,379,055 19,958,383 17% 22% MARINA BAY PARKWAY FORCE MAIN - 64,608 64,608 - 64,608 - 0% 100% [43] S. 33RD WET WEATHER SEWER LINE 2,000,000 (720,000) 1,280,000 - - 1,280,000 0% 0%

SANITARY SEWER/DESIGN CUTTING
CARLSON & HOFFMAN - 702,487 702,487 - 694,991 7,496 0% 99% [43] SANITARY SEWER/PIPELINE REHAB - 541,588 541,588 - 541,588 - 0% 100% [43] SANITARY SEWER POINT REPAIRS - 311,984 311,984 124,962 187,022 - 40% 100% [44] SANITARY SEWER REPAIRS 2,500,000 235,069 2,735,069 584,569 292,789 1,857,711 21% 32% [45] SEISMIC RETROFIT - 8,449 8,449 - 8,449 - 0% 100% [43] WW 2017A BOND/DESIGN & ENG SERV - 401,824 401,824 112,452 289,373 - 28% 100% [43] WW MACDONALD & VIRGINIA SEWER CAPACITY - 79,593 79,593 - 79,593 - 0% 100% [43] WWTP SCADA UPGRADE - 121,439 121,439 - 71,228 50,211 0% 59% WWTP SLUDGE THICKENER 13,500,000 97,393 13,597,393 10,615 68,808 13,517,970 0% 1% TOTAL - WATER RESOURCE RECOVERY WAS 47,000,000 10,709,702 57,709,702 6,603,816 4,699,379 46,406,506 11% 20% 4005 - MARINA
AREA FM CAP 924,842 - 924,842 5,312 6,600 912,930 1% 1% TOTAL - MARINA CIP 924,842 - 924,842 5,312 6,600 912,930 1% 1% 4006 - STORMWATER
FULL TRASH CAPTURE FACILITIES 42,934 2,426,372 2,469,306 1,647,438 778,934 42,934 67% 98% [46] RHEEM CREEK FLOOD RISK REDUCTION 1,298,344 206,451 1,504,795 637,531 701,074 166,191 42% 89% [47] TOTAL - STORMWATER CIP 1,341,278 2,632,824 3,974,102 2,284,969 1,480,008 209,125 57% 95% Notes:
[43] PO encumbered with Veolia for work on the projects [44] PO encumbered with DCCM, LLC fo r coastland feasibility study for the Sanitary Sewer Point Repairs project [45] PO encumbered with Veolia for the 2022-23 Grade 5 RAA Replacement project [46] Prior year PO carried-forward with Veolia for installation of trash capture device at Bayview Ave to be fully reimbursed b y Caltrans once project is completed [47] PO encumbered with UST Testing Services, Inc., construction contract for the watershed project NTE.$1,233,190 City Council approved 7/11/23 7 75
City of Richmond
FY2023-24 Quarter 3 Report
Attachment 3 - Capital Improvement Projects
ORIGINAL TRANSFERS REVISED 3/31/2024
BUDGET ADJ BUDGET EXPENDED BALANCE % WITHOUT
NON-GENERAL FUND - PROJECT FUNDS FY2023-24 FY2023-24 FY2023-24 FY2023-24 ENCUMB REMAINING ENCUMB % USED Notes 5003 - EQUIPMENT SERVICES CIP
FIRE VEHICLES 3,310,000 231,239 3,541,239 3,309,048 50,191 182,000 93% 95% [48] OTHER CITY VEHICLES 5,570,000 382,828 5,952,828 2,201,846 3,372,241 378,741 37% 94% [49] POLICE VEHICLES 1,400,000 1,231,092 2,631,092 1,101,791 1,109,300 420,000 42% 84% [50] OTHER CITYEQUIPMENT 470,000 40,022 510,022 293,517 107,238 109,267 58% 79% [51] TOTAL - EQUIPMENT SERVICES CIP 10,750,000 1,885,182 12,635,182 6,906,203 4,638,971 1,090,008 55% 91% TOTAL - EXPENSES - ENTERPRISE AND OTHE 66,517,601 15,369,601 81,887,202 15,800,300 10,824,958 55,261,944 19% 33% GRAND TOTAL EXPENSES - ALL FUNDS 147, 429,441 60,214,620 207,644,061 31,702,272 30,957,396 144,984,393 15% 30% Notes:
[48] Payment to Hi-Tech EVS Inc. for purchase of (2) Type 1 Pumpers and (2) Type 6 Pumpers. Clean-up w ill take place by using savings from other purchases coming in lower t han expected [49] Multiple PO's encumbered for purchase of vehicles, Ford Trucks, Chipper Trucks, and Street Sweeper [51] Payment to The Page Group Inc. for purchase of John Deer Loader and PO encumbered with Clark Equipment Company for Bobcat Skid Steer Loader [50] Prior year PO carried-forward for payment to Knight Sacramento CD, Inc. for purchase of twenty police pursuit Dodge Durang o's and encumbrance with RCA Investment Inc. for Police BMW Motorcycles. Also, payment to Michael Stead Ford for purchase of two Ford Mustang Mach E SUV Electric vehicles, and 72 Hr. LLC for new Ford Edge 8 76

Reso. No.

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RESOLUTION NO. ________

A RESOLUTION OF THE COUNCIL OF THE CITY OF RICHMOND, CALIFORNIA, APPROPRIATING THE FISCAL YEAR 2023-24 FOR QUARTER 3 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 third quarter budget report is received to monitor budget to actual trends between the time period of July 1, 2023 and March 31, 2024; and

WHEREAS, the City Council has reviewed the proposed budget adjustments in the third quarter budget report; and at a public meeting on May 28, 2024; and

NOW, THEREFORE, BE IT RESOLVED, that the Council of the City of Richmond, California hereby adopts the resolution to receive the City’s third quarter budget report and approve the proposed budget adjustments set forth in Table 1, below:

Table 1: Budget Adjustments

Fund Item Amount
General Fund Transfers Out $288,726
General Fund Total $288,726
Rent Control Transfer In ($288,726)
Rent Control Rent Program Cost Pool Subsidy $288,726 Non-General Fund Total -

**********************

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 May 28, 2024, by the following vote:

AYES:
77 Reso. No.

Page 2 of 2 ends

NOES:

ABSTENTIONS:

ABSENT:

______________________________
City Clerk of the City of Richmond

(SEAL)

Approved:

__________________________________
Mayor

Approved as to form:

___________________________________
City Attorney

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May 28, 2024

Mayor's Office

DATE: May 28, 2024
TO: Members of the City Council
FROM:

Mayor Martinez
Subject:

Memorial Day Proclamation
FINANCIAL IMPACT: n/a

PREVIOUS COUNCIL
ACTION:

n/a

STATEMENT OF THE
ISSUE:

Memorial Day honors the courageous service members
and acknowledges the profound contributions of their
families. The City of Richmond recognizes this day as a time for community reflection and gratitude.

RECOMMENDED ACTION: PROCLAMATION recognizing Memorial Day in the City of Richmond – Mayor's Office (Mayor Eduardo Martinez
510-620-6503).

DISCUSSION:

Memorial Day is a time for the City of Richmond to honor and remember the individuals who served our country and lost their lives. Richmond's community holds deep respect for these individuals and the sacrifices made by their families.

AGENDA
REPORT
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May 28, 2024

This day provides an opportunity to reflect on the personal stories and sacrifices of those who served. It is a moment to recognize their bravery and the impact on their loved ones.

Mayor Eduardo Martinez and the Richmond City Council encourage all citizens to participate in Memorial Day events, fostering a community spirit of remembrance and respect for those who have given their lives in service.

DOCUMENTS ATTACHED:

Attachment 1 – Memorial Day Proclamation
80 WHEREAS, Memorial Day is dedicated to remembering and honoring the courageous individuals who have selflessly served our nation, as well as recognizing the profound sacrifices made by their families; and

WHEREAS, the City of Richmond recognizes this day as a moment of reflection and gratitude for those who have given their lives in service; and

WHEREAS, we extend our heartfelt support to the families and loved ones of our fallen service members, whose strength and resilience embody the spirit of our community; and

WHEREAS, it is fitting that we come together as a community to honor these individuals through ceremonies and acts of remembrance; and

WHEREAS, the City of Richmond is committed to preserving the legacy of our fallen service members, inspiring future generations to understand the value of service and the significance of their sacrifices;

NOW, THEREFORE, I, Eduardo Martinez, Mayor of the City of Richmond, California, on behalf of the Richmond City Council, do hereby recognize May 27, 2024, as Memorial Day in the City of Richmond and call upon all citizens to observe this day with appropriate ceremonies and activities.

Memorial Day Proclamation

____________________________
Mayor Eduardo Martinez
City of Richmond
May 28, 2024
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May 28, 2024

Mayor's Office

DATE: May 28, 2024
TO: Members of the City Council
FROM:

Mayor Martinez
Subject:

Asian American, Native Hawaiian, and Pacific Islander
(AANHPI) Heritage Month
FINANCIAL IMPACT: N/A

PREVIOUS COUNCIL
ACTION:

N/A

STATEMENT OF THE
ISSUE:

May is Asian American, Native Hawaiian, and Pacific
Islander (AANHPI) Heritage Month, a time to celebrate
and recognize the rich cultural heritage and significant contributions of AANHPI communities to the City of
Richmond.

RECOMMENDED ACTION: PROCLAMATION recognizing May as Asian American, Native Hawaiian, and Pacific Islander (AANHPI) Heritage Month – Mayor's Office (Mayor Eduardo Martinez 510-
620-6503).

DISCUSSION:

Asian American, Native Hawaiian, and Pacific Islander (AANHPI) Heritage Month celebrates the rich cultural heritage and significant contributions of AANHPI communities in Richmond. These communities have been integral to the city's history, culture, and development, enhancing our economic and social fabric.

AGENDA
REPORT
82

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May 28, 2024
This month is an opportunity for residents to learn about and appreciate the diversity, resilience, and achievements of AANHPI individuals and families. The City of Richmond is committed to fostering an inclusive environment that promotes equity and combats hate, intolerance, and violence.

Local organizations like the Asian Pacific Environmental Network (APEN) play a crucial role in this effort. APEN works to build the leadership of Asian immigrant and refugee communities, advocating for environmental justice and supporting the health and well- being of Richmond residents.

We hope the community was able to participate in events that honor the cultural heritage of AANHPI communities and support efforts to build a more inclusive and respectful society.

DOCUMENTS ATTACHED:

Attachment 1 – Asian American, Native Hawaiian, and Pacific Islander (AANHPI) Heritage Month Proclamation
83 WHEREAS, the City of Richmond recognizes May as Asian American, Native Hawaiian, and Pacific Islander (AANHPI) Heritage Month, celebrating their rich cultural heritage and contributions to our community; and

WHEREAS, AANHPI communities have significantly shaped Richmond’s history, culture, and development, contributing to our city’s economic and social growth; and

WHEREAS, the City of Richmond acknowledges the diversity within AANHPI communities, recognizing their unique histories, struggles, and achievements; and

WHEREAS, we honor the resilience and strength of AANHPI individuals and families who have faced adversity and contributed to the enrichment of our society; and

WHEREAS, the City of Richmond is committed to fostering an inclusive environment that embraces diversity, promotes equity, and ensures that all residents have the opportunity to thrive; and

WHEREAS, we encourage all residents to learn about and appreciate the contributions of AANHPI individuals to our community and support efforts promoting understanding and respect among all people; and

WHEREAS, the City of Richmond stands in solidarity with AANHPI communities, committed to combating hate, intolerance, and violence against them.

NOW, THEREFORE, I, Eduardo Martínez, Mayor of the City of Richmond, on behalf of the Richmond City Council, do hereby recognize May 2024 as Asian American, Native Hawaiian, and Pacific Islander Heritage Month in the City of Richmond, California, and urge all residents to join us in celebrating the diverse cultural heritage and contributions of the AANHPI communities.

Asian American, Native Hawaiian, and Pacific Islander
Heritage Month

____________________________
Mayor Eduardo Martinez
City of Richmond
May 28, 2024
84

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May 28, 2024

Finance Department

DATE: May 28, 2024
TO: Mayor Martinez and Members of the City Council
FROM: Shasa Curl, City Manager
Nickie Mastay, Deputy City Manager, Internal Services
Andrea Miller, Director of Finance
Mubeen Qader, Deputy Director of Finance
Antonio Banuelos, Accounting Manager
Jerry Gurule, Accounting Manager
Subject:

Budget Study Session on Proposed Fiscal Year 2024-25
Operating Budget and Fiscal Year 2024-29 Five-Year
Capital Improvement Plan
FINANCIAL IMPACT: There is no financial impact to receiving this report.

PREVIOUS COUNCIL
ACTION:

May 7, 2024

STATEMENT OF THE
ISSUE:

On May 7, 2024, the City Council received a draft of the balanced FY 2024-25 operating budget and FY 2024-29
Capital Improvement Plan budget. Currently, the draft
General Fund budget is balanced with revenue and
expenditures at $252,509,054. The purpose of this item is to provide the City Council with an in-depth overview of the budget documents, discuss potential future revenue and
expenditure adjustments, and receive direction from the City Council prior to final budget adoption.

RECOMMENDED
ACTION:

RECEIVE the draft Fiscal Year 2024-25 Annual Operating
Budget and Fiscal Year 2024-29 Five-Year Capital
Improvement Plan Budget presentation; and PROVIDE
DIRECTION to staff prior to final budget adoption – City Manager’s Office/Finance Department (Shasa Curl 510-620- 6512/ Nickie Mastay 510-620-6609/ Andrea Miller 510-620- 6790/ Mubeen Qader 510-412-2077).

AGENDA
REPORT
85

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May 28, 2024

DISCUSSION:

FY 2024-25 DRAFT BUDGET
In accordance with Richmond Municipal Code Section 2.61.010, on May 7, 2024, the City Manager submitted the first draft of the Fiscal Year (FY) 2024-25 Operating budget, and the draft FY 2024-29 Five-Year Capital Improvement Plan budget. The General Fund operating budget was balanced with the revenues and expenditures at $252,509,054. However, this draft budget didn’t include all departmental requests.

City staff will provide a FY 2024-25 budget presentation and with an opportunity for City Council to give direction on additional modifications to the draft budget prior to final approval before June 30, 2024. It is proposed that the City Council adopt the budget on June 18, 2024, to allow City staff to incorporate the approved budget into the City’s Financial system by July 1, 2024, the first day of the next Fiscal Year.

Table 1: General Fund Budget

GENERAL FUND
FY2023-24

REVISED
BUDGET
FY2024-25
DRAFT
BUDGET
May 7, 2024
FY2024-25

PROPOSED
BUDGET
May 28, 2024
CHANGE
FY2023-24 vs.

FY2024-25
May 28, 2024
TOTAL REVENUES (234,380,287) (252,509,054) (252,509,054) 7.70% TOTAL EXPENDITURES 246,295,113* 252,509,054 252,509,054 2.52% NET (-SURPLUS)/+DEFICIT 11,914,826* - - - *Includes $11.9 Million One-Time Transfer Out for Several Capital Projects. Fiscal Year 2023-24 Revised Budget includes onetime appropriations from prior fiscal year unspent fund balance approved on September 26, 2023, and March 5, 2024.

SUMMARY

The proposed FY 2024-25 Operating and Capital expenditure budgets total $571,973,764 of which $252,509,054 is from the General Fund and $319,464,710 is from non-General Funds.

 General Fund: The draft FY 2024-25 is balanced with revenue and expenditures estimated at $252,509,054. These estimates are an increase from the FY 2023-24 Revised Budget revenue and expenditure by 7.7 percent and 2.52 percent respectively.

 Revenue: The proposed FY 2024-25 revenue is estimated at $252,509,054 which is an additional $18.1 million in General Fund revenue in comparison to the current FY 2023-24 revised General Fund budget. Utility Users Tax and Licenses Permits & Fees are estimated with the highest increases. The General Fund Revenue Summary is available in Attachment 4 – Summary of Revenues, by Fund, by Type:

Page 3 of 12 ends

May 28, 2024
 Property Taxes ($55.9 million)
 Sales & Use Tax ($61.4 million)
 Utility Users Tax ($62.1million)
 Other Taxes ($27.8 million)
 Licenses Permits & Fees ($16.3 million)
 Operating Transfer-Ins ($22.4 million)
 Other Revenues ($6.6 million)

 Expenditures: Estimated expenditures for FY 2024-25 are $252,509,054. Major expenditure categories are listed below, and additional information can be found in Attachment 5 – Summary of Expenditures, by Fund, by Type:

 Salary/Wages and Fringe Benefits ($165.9 million)
 Cost Pool ($24.7 million)
 Professional Admin ($21.3 million)
 Transfers Out ($22.0 million)
 Other ($18.6 million)

 Multi-Year Position Listing: Is in draft form and will be further refined for the June 4th City Council meeting. Please note that the balanced budget contains a vacancy saving factor of six percent (6 percent) which is approximately $10.5 million. The City-wide Multi-Year Comparative Position Listing is available in Attachment 10.

 Non-General Fund: The total non-General Fund budget is estimated at $319,464,710 and primarily includes funds dedicated to housing, debt service, enterprise funds, and other city operations. The Non-General Fund by Category summary is included in Attachment 5 – Summary of Expenditures, by Fund, by Type

 Capital Improvement Plan (CIP): The CIP includes essential capital projects and has a total budget of $123,784,233 spread across several funds (Attachment 11 – Capital Improvement Projects FY 2024-25 Summaries Proposed). The CIP lists many projects spread over a five-year planning period some of which are unfunded.

The first year of the five-year capital improvement plan is the proposed budget; funded projects are budgeted on an annual basis. Several community members expressed the need for traffic calming opportunities in various neighborhoods of the city during the Community Budget meetings and the City Council meeting on May 7, 2024. City staff members are working with the Finance department to identify resources to support additional traffic calming projects and paving maintenance.

 Reimagine Public Safety: City staff members continue to request funding to support the implementation of the four intervention areas recommended by the Reimagining Public Safety Task Force and approved by City Council. The total proposed budget totals $8,794,605. The programs and the corresponding budget allocations include:

o Youthworks ($1,980,000)
87

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May 28, 2024
o Office of Neighborhood Safety ($2,108,854)
o Unhoused Intervention ($1,800,000)
o Community Crises Response Program ($2,905,751)

GENERAL FUND

Proposed FY 2024-25 budget is balanced with revenue and expenditures equal at $252,509,054.

Table 2: General Fund FY 2024-25 Proposed Revenue & Expenditures GENERAL FUND FY2024-25

PROPOSED BUDGET
TOTAL REVENUE 252,509,054
TOTAL EXPENDITURES 252,509,054
Net (-Gap)/+Surplus -

Revenues

The total proposed General Fund revenue for the FY 2024-25 budget is approximately $252,509,054. City staff are projecting an additional $18.1 million in General Fund revenue above the current FY 2023-24 Revised General Fund Budget. Detailed information regarding revenue changes can be found in Attachment 4 – Summary of Revenues, by Fund, by Type.

Property Tax – Increase of $3,685,590: In preparing the FY 2024-25 budget, City staff forecasted Assessed Valuation (AV) growth of 3.8 percent. This was based on the combination of the valuation change of properties sold during the last calendar year, the Chevron Refinery AV remaining flat, and all other properties increasing by two percent.

Actual changes in AV will not be known until the Equalized Roll is published by the Contra Costa County Assessor during the first week of July 2024. This roll will list every property in Richmond, including the updated valuations. The AV change impacts the Secure Property Taxes stream within the larger Property Tax category. Additionally, the budgeted amount for the Successor Agency Surplus is estimated to increase by approximately $1.7 million or 25 percent. The proposed amount is based on the amount received in June 2023, for this revenue stream, plus a growth factor of 3 percent. The City will not receive the FY 2023-24 amount until June 2024.

Sales Tax – Increase of $3,468,909: This increase is based on updated estimates provided by the City’s sales tax consultants, Avenu Insights & Analytics. This increase is in part due to the local economy, bolstered by the big-box stores including Costco, Target, Home Depot, and Wal-Mart. In particular, the Bradley Burns one percent sales tax is projected to increase by 9.7 percent, while the two voter-approved half cent measures are expected to increase by an average of 3.8 percent in the coming year compared to the current FY 2023-24 revised budgeted amounts. Within the Sales Tax category, there is also the Vehicle License Fee Backfill Swap which is tied to Assessed 88

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May 28, 2024
Valuation. Like Secured Property Taxes, the projected growth is 3.1 percent. The projected overall growth for the Sales Tax category is 6.0 percent.

Utility Users Tax (UUT) – Increase of $4,154,348: UUT is an “excise” or usage tax imposed on a person or entity using utility services (i.e., electricity, gas, or communications). An increase of $4.2 million is budgeted stemming from a forecasted increase in the UUT Cap Provision. The cap amount, paid by Chevron, is tied the Consumer Price Index (CPI) for energy services in the San Francisco metropolitan area.

This CPI through the May 2024 postings by the United States Bureau of Labor Statistics corresponds to an increase of over 11 percent. The actual amount will not be known until mid-June 2024. Other UUT streams, such as those for cable and telecommunications, will either remain flat or decrease. The projected growth for the UUT category is 7.2 percent.

Other Taxes – Increase of $3,655,505: This revenue category includes the Documentary Transfer Tax, which corresponds to the average Transfer Tax collected since the tiered structure approved by voters in 2018 went into effect, in accordance with the Guiding Fiscal Policies. Using that formula yields an estimated $13.0 million, which is $254,474 less than the amount in the revised FY 2023-24 budget. The bulk of the increase stems from the Electricity and Gas Franchise Fees, updated last year and will nearly double in FY 2024-25 compared to the FY 2023-24 revised budget. The projected growth for the Other Taxes category is 15.1 percent.

Licenses, Permits & Fees – Net Increase of $473,635: The increase is tied to Measure U Business Tax. In FY 2024-25 total Business Tax is estimated at $13.8 million, a $769,660 increase from the revised FY 2023-24 budgeted amount. This corresponds to an increase of 5.9 percent and stems from amounts collected year to date plus a conservative growth factor of 2 percent for some classes while more significant increases for those classes where higher amounts were received than expected. As additional years of data accumulate, the forecast will be further refined. All other revenue streams that roll up to this category, i.e., Photocopy Fee and Two Truck Permits, are estimated to have a net decrease of $269,761 compared to the current year's revised budget. Much of the decrease, $230,000, is from Recreation fees. The projected growth for the Licenses, Permits, & Fees category is 3.0 percent.

Other Revenues (Includes Fines & Forfeitures, Use of Money and Property, Charges for Services, Other Revenues, Rental Income, Intergovernmental State Taxes & Grants, Proceeds from Sale of Property, and Loan & Bond Proceeds) – Net increase of $769,660. Most of these adjustments are generated from revenues received year-to- date that were neither originally budgeted, nor expected in the current fiscal year. In some cases, these are one-time revenue that cannot be anticipated, or the amount received year-to-year varies significantly.

 Increase to Fines & Forfeitures of $25,000 or 16.5 percent: Revised amounts are on par with current year trends.
89

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Richmond City CouncilMay 28, 2024

Richmond City Council
May 28, 2024