RESOLUTION NO. 26-26
A RESOLUTION OF THE COUNCIL OF THE CITY OF RICHMOND, CALIFORNIA, TO APPROPRIATE REMAINING GENERAL FUND FISCAL YEAR 2024-25 AUDITED UNSPENT FUNDS IN FISCAL YEAR 2025-26
HEREAS, pursuant to Section 1(b) of Article IV of the Richmond City Charter, t ty Manager is required to prepare an annual budget for the review and approval by the C Council; and
subsequE Ris, the Cityis de wage rigily adopay d2025, 24, 2024, and HEREAS, the City experienced better than expected revenue and savings i xpenditures, resulting in General Fund unspent funds of $8,213,680; ar idenied tigh pras, nice her to 26 imper penels, ent pores at monty Cing, and long-term pension and OPEB obligations; and
WHEREAS, General Fund unspent funds were identified as sources to fund these expenditures; and
Calfonion, bree, BE iT Spr vial, had the Council of the i oralind., funds as follows:
General Fund Appropriations
Fund FY 2025-26
General Fund - Transfers Out to General Capital 6,270,944 General Fund - Point Molate Annual Monitoring 250,000
General Fund - Unhoused Emergency Response 50,000
General Fund - Other Post Employment Benefits (OPEB) Section 115 Trust 821,368 7,392,312
FY 2025-26
General Capital Fund - Transfers In (6,270,944)
General Capital Fund - Complete Streets Improvements (Pavement Management, 6,270,944 Streetscape Improvements, etc.)
Total
General Fund Commitments
Fund FY 2025-26
General Fund - Pension Section 115 Trust 821,368
Total 821,368
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Reso. No. 26-26
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 on March 3, 2026, by the following vote:
AYES: Councilmembers Bana, Jimenez, Wilson, Zepeda, Vice Mayor Robinson, and Mayor Martinez
NOES: Councilmember Brown.
ABSTENTIONS: None.
ABSENT: None
PAMELA CHRISTIAN
CLERK OF THE CITY OF RICHMOND
Approved: (SEAL)
EDUARDO MARTINEZ
Mayor
Approved as to form:
SHANNON MOORE
Interim City Attorney
State of California }
County of Contra Costa : SS.
City of Richmond }
I certify that the foregoing is a true copy of Resolution No. 26-26, finally passed and adopted by the City Council of the City of Richmond at a regular meeting held on March 3, Pamela Christ
Pamela Christian, Clerk of the City of Richmond
Reso. No. 26-26