Reso. No.
RESOLUTION NO. ________
A RESOLUTION OF THE COUNCIL OF THE CITY OF RICHMOND, CALIFORNIA ADOPTING THE FISCAL YEAR 2025-26 YEAR-END 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, 2025, and the revised Mid-Year Budget was adopted on March 17, 2026; and
WHEREAS, the City experienced economic changes since the budget was last adopted and needs to amend the budget to reflect these changes; and
WHEREAS, the City Council has reviewed the proposed year-end budget adjustments for the Fiscal Year 2025-26; and
NOW, THEREFORE, BE IT RESOLVED, that the Council of the City of Richmond, California hereby adopts the resolution to approve the Fiscal Year 2025-26 year-end budget adjustments set forth in Table 1 and Table 2, below:
Table 1: Fiscal Year 2025-26 Budget Adjustments
General Fund Budget Adjustments
Fund Fund
Description
Revenue
Increase/
(Decrease)
Expense
Increase/
(Decrease)
Justification
0001 General Fund - 577,506 General Fund subsidy to clear negative fund balance for KCRT Fund 4008
0001 General Fund (370,111) - Year-End PTORS Adjustment to reflect revenue received in FY 2025-26
0001 General Fund - 1,600,000
Restores fleet replacement funding that was
reallocated by Council on June 24, 2025 to
support Black Resiliency and gender-based
violence initiatives
0001 General Fund - 600,000 Purchase price and outfitting cost increase for vehicle replacements
General Fund -
Net Impact (370,111) 2,777,506
Non-General Fund Budget Adjustments
Fund Fund
Description
Revenue
Increase/
(Decrease)
Expense
Increase/
(Decrease)
Justification
1001
Secured
Pension
Override
(370,111) - Year-End PTORS Adjustment to reflect
revenue received in FY 2025-26
1001
Secured
Pension
Override
- (370,111) Year-End PTORS Adjustment to reflect
revenue received in FY 2025-26
Reso. No.
Fund Fund
Description
Revenue
Increase/
(Decrease)
Expense
Increase/
(Decrease)
Justification
1050 CR-Planning
and Building 4,995 -
3% of Impact Fee revenue to Planning
Department for Admin Fee per Master Fee
Schedule
2110 Impact Fee
Parks/PW 3,528 - Appropriate budget, Impact Fee revenue received FY 2025-26
2110 Impact Fee
Parks/PW - 106
3% of Impact Fee revenue to Planning
Department for Admin Fee per Master Fee
Schedule
2111 Impact Fee
Traffic 7,872 - Appropriate budget, Impact Fee revenue
received FY 2025-26
2111 Impact Fee
Traffic 9,438 - Appropriate budget, Impact Fee revenue
received FY 2025-26
2111 Impact Fee
Traffic - 519
3% of Impact Fee revenue to Planning
Department for Admin Fee per Master Fee
Schedule
2113 Impact Fee Fire 2,651 - Appropriate budget, Impact Fee revenue received FY 2025-26
2113 Impact Fee Fire 1,074 - Appropriate budget, Impact Fee revenue received FY 2025-26
2113 Impact Fee Fire - 112
3% of Impact Fee revenue to Planning
Department for Admin Fee per Master Fee
Schedule
2114 Impact Fee
Police 3,153 - Appropriate budget, Impact Fee revenue
received FY 2025-26
2114 Impact Fee
Police 1,248 - Appropriate budget, Impact Fee revenue
received FY 2025-26
2114 Impact Fee
Police - 132
3% of Impact Fee revenue to Planning
Department for Admin Fee per Master Fee
Schedule
2115 Impact Fee
Comm/Aquatic 13,163 - Appropriate budget, Impact Fee revenue received FY 2025-26
2115 Impact Fee
Comm/Aquatic 8,208 - Appropriate budget, Impact Fee revenue received FY 2025-26
2115 Impact Fee
Comm/Aquatic - 641
3% of Impact Fee revenue to Planning
Department for Admin Fee per Master Fee
Schedule
2116 Impact Fee
Open Park 41,324 - Appropriate budget, Impact Fee revenue received FY 2025-26
2116 Impact Fee
Open Park 34,242 - Appropriate budget, Impact Fee revenue received FY 2025-26
2116 Impact Fee
Open Park - 2,267
3% of Impact Fee revenue to Planning
Department for Admin Fee per Master Fee
Schedule
2117 Impact Fee
Library 9,599 - Appropriate budget, Impact Fee revenue
received FY 2025-26
2117 Impact Fee
Library 11,298 - Appropriate budget, Impact Fee revenue received FY 2025-26
2117 Impact Fee
Library - 627
3% of Impact Fee revenue to Planning
Department for Admin Fee per Master Fee
Schedule
Reso. No.
Fund Fund
Description
Revenue
Increase/
(Decrease)
Expense
Increase/
(Decrease)
Justification
2119 Impact Fee
Storm Drainage 2,316 - Appropriate budget, Impact Fee revenue received FY 2025-26
2119 Impact Fee
Storm Drainage - 69
3% of Impact Fee revenue to Planning
Department for Admin Fee per Master Fee
Schedule
2120 Impact Fee
Wastewater 17,398 - Appropriate budget, Impact Fee revenue received FY 2025-26
2120 Impact Fee
Wastewater - 522
3% of Impact Fee revenue to Planning
Department for Admin Fee per Master Fee
Schedule
4003 Wastewater - 300,000 Overage in Veolia Sanitary Sewer System operation and maintenance cost
4006 Stormwater - 550,000 Overage in Veolia Stormwater collection system operations and maintenance cost
4008 KCRT 577,506 - To clear negative fund balance for KCRT Fund 4008
5003 Equipment
Services 2,200,000 - Indirect Allocation - Vehicle Replacement 5003 Equipment
Services - 1,600,000
Restores fleet replacement funding that was
reallocated by Council on June 24, 2025 to
support Black Resiliency and gender-based
violence initiatives
5003 Equipment
Services - 600,000 Purchase price and outfitting cost increase for vehicle replacements
Non-General
Fund Requests
- Net Impact
2,578,902 2,684,884
Table 2: Fiscal Year 2025-26 Additional Budget Adjustments Fund Fund
Description
Revenue
Increase/
(Decrease)
Expense
Increase/
(Decrease)
Justification
0001 General Fund 2,888,372 -
Transfer in from American Rescue Plan Act to
support General Fund reserve requirements
(covers shortfall)
0001 General Fund 548,077 -
Transfer in from Environmental and Community
Investment Agreement Act to support General
Fund reserve requirements (covers shortfall)
General Fund -
Net Impact 3,436,449 -
Fund Fund
Description
Revenue
Increase/
(Decrease)
Expense
Increase/
(Decrease)
Justification
1306
American
Rescue Plan
Act
- 2,888,372
Transfer out from American Rescue Plan Act to
support General Fund reserve requirements
(covers shortfall)
1017
Environmental
and Community
Investment
Agreement
- 548,077
Transfer out from Environmental and Community
Investment Agreement Act to support General
Fund reserve requirements (covers shortfall)
Reso. No.
Non-General
Fund Requests
- Net Impact
- 3,436,449
Table 3: Fiscal Year 2026-27 Budget Adjustments
Fund Fund
Description
Revenue
Increase/
(Decrease)
Expense
Increase/
(Decrease)
Justification
1017
Environmental
and Community
Investment
Agreement
- 2,200,000 Richmond Promise FY 2026-27 Contribution
Non-General
Fund Requests
- Net Impact
- 2,200,000
**********************
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 September 15, 2026, by the following vote:
AYES:
NOES:
ABSTENTIONS:
ABSENT:
______________________________
City Clerk of the City of Richmond
(SEAL)
Approved:
__________________________________
Mayor
Approved as to form:
___________________________________
City Attorney