CITY OF SAN MATEO
RESOLUTION NO. ____ (2026)
APPROVING YEAR-END BUDGET ADJUSTMENTS AND CAPITAL PROJECT TRANSFERS AND AN APPROPRIATION FOR FISCAL YEAR 2025-26
WHEREAS, as part of the City’s annual year-end financial close process, staff reviews all funds and departments to identify any necessary budget adjustments to ensure the City remains in compliance with legal spending limits; and
WHEREAS, this year-end review has identified supplemental budget adjustments required to align budgeted appropriations with actual expenditures; and
WHEREAS, staff identified several capital projects that needed an appropriation or transfer to update project funding sources; and
WHEREAS, the proposed adjustments include appropriations and transfers necessary to reflect actual operational needs, address unanticipated expenditures, and ensure budgetary compliance at year-end.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SAN MATEO, CALIFORNIA HEREBY FINDS AND RESOLVES that:
1. This City Council action is not subject to CEQA review because it is a government fiscal activity which does not involve any commitment to any specific project which may result in a potentially significant physical impact on the environment. (CEQA Guidelines Section 15378(b)(4)).
2. A budget appropriation from the unassigned fund balance from the General Fund, Sewer Fund, and Construction Services Fund to the Comprehensive General Liability Internal Service Fund in the amount of $650,000 to cover legal costs related to claims and litigation activities is approved.
3. The following capital project transfers and appropriation for fiscal year 2025-26 listed in Exhibit A, as attached to this Resolution are approved.
1 3
6 8
4 Exhibit A