Attachment 1 - Resolution Adopting the Fiscal Year 2026-27 Operating Budget 1 RESOLUTION NO. _____
RESOLUTION OF THE COUNCIL OF THE CITY OF RICHMOND,
CALIFORNIA, ADOPTING THE FISCAL YEAR 2026-27 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 lapse at the end of Fiscal Year 2025-26 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 2026-27 at a public meetings on May 5, May 19, May 26, June 9, and June 16, 2026; and
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Richmond finds the above recitals true and correct.
BE IT FURTHER RESOLVED, that the City Council hereby adopts the 2026- 2027 Operating Budget for the following funds:
Fund FY 2026-27
Budget
General Fund 276,170,119
Capital Project Funds 103,633,172
Debt Service Funds 19,470,075
Enterprise Funds 76,131,837
Housing Funds 4,538,858
Housing Authority Funds 5,454,652
Internal Service Funds 49,444,873
Other Operations Funds 21,161,919
Special Revenue Funds 81,047,945
Total All Funds 637,053,449
BE IT FURTHER RESOLVED, that the City’s Position Control List is hereby amended as set forth in Exhibit A for Fiscal Year 2026-27, and that the classifications, departments, and authorized FTE counts shown therein are approved and adopted.
Attachment 1 - Resolution Adopting the Fiscal Year 2026-27 Operating Budget 2 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 ___, 2026, by the following vote:
AYES:
NOES:
ABSTENTIONS:
ABSENT:
____________________________________
CLERK OF THE CITY OF RICHMOND
(SEAL)
Approved:
_________________________________
Mayor
Approved as to Form:
_________________________________
City Attorney