Reso. No.
RESOLUTION NO. ________
A RESOLUTION OF THE COUNCIL OF THE CITY OF RICHMOND, CALIFORNIA, ADOPT A RESOLUTION TO APPROPRIATE FUNDS IN FISCAL YEAR 2024-25
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 the revised Mid-Year Budget was adopted on March 5, 2024; and
WHEREAS, the City experienced better than expected revenue and savings in the expenditures resulting in General Fund unspent funds of $5,735,634; and
WHEREAS, the City Council identified the list of high-priority expenditures during the FY 2024-25 Budget Development process; and
WHEREAS, General Fund unspent funds were identified as sources to fund these expenditures; and
NOW, THEREFORE, BE IT RESOLVED, that the Council of the City of Richmond, California hereby adopts the resolution to appropriate General Fund funds as follows:
Fund FY 2024-25
General Fund – LEAP Graduation 5,000
General Fund - Mobile Vendor Program 100,000
General Fund - Fire Apparatus (Vehicle Replacement) 1,300,000 General Fund - Transfers Out 4,330,634
Total 5,735,634
General Capital Fund - Transfers In (4,330,634) General Capital Fund - Boorman Park 1,900,000
General Capital Fund - Facilities Needs Assessment 130,634 General Capital Fund - Canal Boulevard Gates 100,000
General Capital Fund - Carlson Crosstown Phase II 2,200,000 Total -
Equipment Replacement Fund - Charge For Service (1,300,000) Equipment Replacement Fund - Vehicle Replacement 1,300,000 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 _____________ by the following vote:
Reso. No.
AYES:
NOES:
ABSTENTIONS:
ABSENT:
______________________________
City Clerk of the City of Richmond
(SEAL)
Approved:
__________________________________
Mayor
Approved as to form:
___________________________________
City Attorney