Attachment 8 - Transfer In-Out Schedule FY 2025-26
FY 2025-26
PROPOSED
TRANSFER OUT FUND: AMOUNT TRANSFER IN FUND: JUSTIFICATION General Fund - 0001 250,360 $ Hilltop Landscape Maint. Dist. - 1012 City contribution to Hilltop Landscaping and Maintenance District
General Fund - 0001 505,317 $ Marina Bay Landscape & Light Dist. - 1015 City contribution to Marina Bay Landscaping and Maintenance District
General Fund - 0001 701,777 $ Employment & Training - 1205 E&T subsidy for Internal Service Allocation - Cost Pools General Fund - 0001 75,000 $ Employment & Tr aining - 1205 E&T subsidy for grant writing and matching General Fund - 0001 1,980,000 $ Employment & Training - 1205 Reimaging Public Safety Youthworks General Fund - 0001 8,546,616 $ Kids First Initiative - 1303 Funding requirement based on the voter approved Kids First Initiative
General Fund - 0001 75,000 $ Emergency Operations - 1304 Climate Resiliency Contingency - Council reduced budget from $300k to $75k with 6/20/23 Adoption
General Fund - 0001 839,241 $ RHA - Nystrom Village - 4405 Subsidy to Richmond Housing Authority-Nystrom Village General Fund - 0001 200,514 $ RHA - Central Office Cost Center - 4501 General Fund subsidy to Richmond Housing Authority-Central Office, Audits, etc.
General Fund - 0001 100,000 $ Equipment Services - 5003 IT Computer Refresh - Computer Operational Equipment Replacement
General Fund - 0001 2,677,193 $ 2022 Pension Bond - 3001 From GF to be paid towards 2022 POB Debt Service and Admin Fees
General Fund - 0001 1,494,653 $ 2007 Refunding & Civic Center - 3005 2007 Refunding & Civic Center Debt Service General Fund - 0001 326,019 $ Equipment Services - 5003 Fire Truck Holman Capital Lease #5 General Fund - 0001 500,000 $ General Capital - 2001 Booker T. Anderson Phase III, per City Council direction 3/11/25 to reinstate shortfall
General Fund - 0001 235,000 $ General Capital - 2001 Asset Management System, Inventory & Assessment General Fund - 0001 250,000 $ General Capita l - 2001 Canal Blvd. Traffic Safety Project General Fund - 0001 250,000 $ General C apital - 2001 Dornan Tunnel Lighting Project Total General Fund 19,006,690 $
TRANSFER OUT FUND: AMOUNT TRANSFER IN FUND: JUSTIFICATION Secured Pension Override - 1001 8,734,056$ 2022 Pension Bond - 3001 2022 POB Debt Service Secured Pension Override - 1001 20,767,181$ General Fund - 0001 PTORS for pension obligations General Capital - 2001 65,453 $ Public Ar t - 1305 Additional 1.5% Art - Main Library General Capital - 2001 8,400 $ Public Ar t - 1305 Additional 1.5% Ar t - Dornan Tunnel Lighting General Capital - 2001 277,703 $ General Capital - 2001 Transfer balance of MLK insurance proceeds of project 01015 to new project code 23065 MLK Community Center
Marina - 4005 86,778 $ General Fund - 0001 Economic Development - Portion of staff salary C. Murray for managing Marina related activities
RHA - Capital Fund - 4201 370,507 $ RHA - Ny strom Village - 4405 Capital Fund Operations RHA - Capital Fund - 4201 148,203 $ RHA - Central Office Cost Center - 4501 Capital Fund - COCC Administration RHA - Nevin Plaza - 4404 78,000 $ RHA - Nystrom Village - 4405 To Nystrom Insurance Reserves - 5001 225,056 $ General Capital - 2001 Balance from Insurance Proceeds for MLK Center Insurance Reserves - 5001 299,373 $ Rent Program - 1018 Cooperat ive Cost Pool Agreement with Richmond Rent Board Total Other Funds 31,060,709 $
FY 2025-26 PROPOSED 50,067,399 $