RESOLUTION NO. _____
RESOLUTION OF THE COUNCIL OF THE CITY OF RICHMOND, CALIFORNIA, ADOPTING THE FISCAL YEAR 2025-2026 OPERATING BUDGET
WHEREAS, pursuant to Section 1(b) of Article IV of the Richmond City Charter the City Manager is required to prepare an annual budget for the review and approval by the City Council; and
WHEREAS, all appropriations for the prior fiscal years shall lap se at the end of Fiscal Year 20 24-2025 and any remaining amounts shall be credited against their respective fund balances except for any encumbered amounts for s pecific obligations outstanding at the end of said Fiscal Year; and
WHEREAS, all grants received per the attached grants listing shall be appropriated and spent according to grant guidelines; and
WHEREAS, the City Council has reviewed the proposed budget for Fiscal Year 2025-2026 at public meetings on May 6, June 3, and June 17, 2025; and
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Richmond finds the above recitals true and correct.
NOW, THEREFORE, BE IT RESOLVED, that the City Council hereby adopts the 2025-2026 Operating Budget for the following funds:
Fund FY 2025-26
Budget
General Fund 260,053,519
Capital Project Funds 109,470,187
Debt Service Funds 19,232,511
Enterprise Funds 72,428,397
Housing Authority Funds 4,494,250
Housing Funds 4,368,368
Internal Service Funds 47,771,816
Other Operations Funds 25,703,833
Special Revenue Funds 101,925,131
Total All Funds 645,448,012
BE IT FURTHER RESOLVED, that the budget for the Capital Improvement Funds will be adopted as a separate document.
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I certify that the foregoing resolution was passed and adopted by the Council of the City of Richmond, California, at a regular meeting thereof held June ___, 2025, by the following vote:
AYES:
NOES:
ABSTENTIONS:
ABSENT:
____________________________________
CLERK OF THE CITY OF
RICHMOND
(SEAL)
Approved:
_________________________________
Mayor
Approved as to Form:
_________________________________
City Attorney