Reso. No.
RESOLUTION NO. ________
A RESOLUTION OF THE COUNCIL OF THE CITY OF RICHMOND, CALIFORNIA, ADOPTING THE FISCAL YEAR 2024-25 FOR QUARTER 1 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 24, 2024; and
WHEREAS, the City’s first quarter budget report is received to monitor budget to actual trends between the time period of July 1, 2024, and September 30,2024; and
WHEREAS, the City Council has reviewed the proposed budget adjustments in the first quarter budget report; and at a public meeting on November 19, 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 first quarter budget report and approve the proposed budget adjustments set forth in Table 1, below:
Table 1: Budget Adjustments
General Fund Requests
Fund Fund
Description
Revenue
Increase/
(Decrease)
Expense
Increase/
(Decrease)
Net
Impact Justification
0001 General Fund 88,716
(88,716)
Carried-forward PO for IT
architectural services for network
refresh, approved FY2023-24
midyear
0001 General Fund 78,794
(78,794)
Carried-forward PO for
RingCentral MVP Services,
approved FY2023-24 midyear
0001 General Fund 95,352
(95,352)
Carried-forward PO for replacing
fiber backbone in parks and Corp
yard, approved FY2023-24
midyear
0001 General Fund 36,769
(36,769)
Carried-forward PO for network
infrastructure fiber termination and
fiber, approved FY2023-24
midyear
0001 General Fund 44,434
(44,434)
Carried-forward PO for
replacement and installation of
UPS batteries 440 building,
approved FY2023-24 midyear
0001 General Fund 707,000 707,000 Updated sales tax update from consultant, Avenu Analytics
0001 General Fund (97,000) (97,000) Updated sales tax update from consultant, Avenu Analytics
0001 General Fund (66,400) (66,400) Updated sales tax update from consultant, Avenu Analytics
0001 General Fund (99,000) (99,000) Updated sales tax update from consultant, Avenu Analytics
0001 General Fund 100,000 100,000 2% admin fee collected from credit card transactions
0001 General Fund 100,000 (100,000) Property tax bills to Contra Costa County and Richmond Main Street
0001 General Fund 355,000 (355,000) CCTV Cameras (Police/Public Works) - Transfer Out
0001 General Fund 80,000
(80,000)
New radios for Code Enforcement,
(11) APX6000 radios with software
features
Reso. No.
General Fund -
Net Impact 544,600 879,064
(334,464)
Non-General Fund Requests
1018 Rent Program (10,000) (10,000) Decrease revenue and expense due to Rent Board deciding not to
conduct the 360-performance
evaluations 1018 Rent Program (10,000) 10,000 Fund Fund
Description
Revenue
Increase/
(Decrease)
Expense
Increase/
(Decrease)
Net
Impact Justification
1054 Engineering
Grant 178,400 178,400
Appropriate TDA Grant for
Downtown Point Richmond
Bicycle Connectivity Project that
supports the Ferry to Bridge to
Greenway (F2B2G) Plan. This
was approved by City Council in
Resolution 12-22 adopted on
01/25/2022
1054 Engineering
Grant 178,400 (178,400)
2001 General Capital
Fund 3,000,000 (3,000,000)
Appropriate $3M from the general
capital fund balance for the Main
Library Remodel Project as
Project team anticipates
encumbering/spending
approximately $3M by April 2025
for public art appropriation,
construction management
services, permit fees, utility fees,
relocation costs, temporary facility
upgrades and procuring a contract
for furniture, fixtures and
equipment
2001 General Capital
Fund 110,739 (110,739)
Appropriate from Fund Balance to
complete and close out the Santa
Rita Road Stabilization project.
Funding was approved in FY23-24
City Council meeting 05/21/24
2001 General Capital
Fund 267,500 (267,500)
Appropriate from Fund Balance
fund for the Downtown Point
Richmond Bicycle Connectivity
Project 23060 funded in part by
TDA Grant
2001 General Capital
Fund 355,000 355,000 CCTV Cameras (Police/Public Works) - Transfer In
2001 General Capital
Fund 355,000 (355,000) CCTV Cameras (Police/Public Works)
4003 Wastewater 732,938 (732,938)
Appropriate budget for WWTP
Dichlorination SBS Project.
Contract increase was approved
by the City Council on 6-25-24,
after FY2024-25's budget was
adopted
4003 Wastewater 7,797,456 (7,797,456)
Appropriate budget for WWTP
Sludge Thickener Project.
Contract increase was approved
by the City Council on 7-2-24,
after FY2024-25's budget was
adopted
Non-General
Fund Requests
- Net Impact
523,400 12,432,033 (11,908,633)
**********************
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 November 19, 2024, by the following vote:
AYES:
NOES:
Reso. No.
ABSTENTIONS:
ABSENT:
______________________________
City Clerk of the City of Richmond
(SEAL)
Approved:
__________________________________
Mayor
Approved as to form:
___________________________________
City Attorney