Reso. No.
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 -
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I certify that the foregoing resolution was passed and adopted by the City Council of the City of Richmond at a regular meeting thereof held May 28, 2024, by the following vote:
AYES:
Reso. No.
NOES:
ABSTENTIONS:
ABSENT:
______________________________
City Clerk of the City of Richmond
(SEAL)
Approved:
__________________________________
Mayor
Approved as to form:
___________________________________
City Attorney