Attachment 5
Department/Item
Source of
Funds
Use of
Funds Explanation
Transfer to City Affordable
Housing Fund
4,944,484 Establishes a transfer to the City Affordable Housing Fund for the loan to the Charities Housing
Development Corporation of Santa Clara County for
the Civic Center project (majority affirmative
Council votes required).
Civic Center Drive - Low
Income Housing Project
(4,944,484) On November 14, 2023, the City Council approved Report to Council 23-952, which appropriated $3.3
million for the Civic Center project, bringing the total budget to $4.9 million in the City Affordable Housing
Capital Fund. Because this funding will be treated
as a loan to the Charities Housing Development
Corporation of Santa Clara County, it is
recommended to transfer this funding to the City
Affordable Housing Fund, to keep consistent with
how other housing developer loans are treated
(majority affirmative Council votes required).
- -
Department/Item
Source of
Funds
Use of
Funds Explanation
Transfer From City Affordable
Housing Capital Fund /
Special Disbursements
4,944,484 4,944,484 Recognizes a transfer from the City Affordable Housing Capital Fund. On November 14, 2023, the
City Council approved Report to Council 23-952,
which appropriated $3.3 million for the Civic Center
project, bringing the total budget to $4.9 million in
the City Affordable Housing Capital Fund. Because
this funding will be treated as a loan to the
Charities Housing Development Corporation of
Santa Clara County, it is recommended to transfer
this funding to the City Affordable Housing Fund, to
keep consistent with how other housing developer
loans are treated (majority affirmative Council
votes required).
4,944,484 4,944,484
FY 2023/24 Budget Amendments
City Affordable Housing Capital Fund (565)
City Affordable Housing Fund (165)
1 Attachment 5
FY 2023/24 Budget Amendments
Department/Item
Source of
Funds
Use of
Funds Explanation
Transfer From Convention
Center Enterprise Fund / Santa
Clara Convention Center
Condition Assessment Repair
Project
125,000 125,000 Recognizes and appropriates a transfer from the Convention Center Enterprise Fund for the Santa
Clara Convention Center Condition Assessment
Repair project to provide funding to complete the
repairs for the electrical signage (five affirmative
Council votes required to appropriate additional
revenue).
125,000 125,000
Department/Item
Source of
Funds
Use of
Funds Explanation
Transfer to Convention Center
Capital Fund
125,000 Increases the transfer to the Convention Center Capital Fund for the Santa Clara Convention Center
Condition Assessment Repair project to provide
funding for higher than anticipated costs for
electrical signage repair (five affirmative Council
votes required for the use of unused balances).
Unrestricted Ending Fund
Balance
(125,000) Decreases the unrestricted ending fund balance to offset the action recommended above (five
affirmative Council votes required for the use of
unused balances).
- -
Department/Item
Source of
Funds
Use of
Funds Explanation
Developer Contributions /
Transfer to the Streets and
Highways Capital Fund
(1,108,500) (1,108,500) Decreases the Developer Contributions revenue estimate and the transfer to the Streets and
Highways Capital Fund associated with the
Multimodal Improvement Plan Phase 1 Projects
($578,500) and Multimodal Improvement Plan
Phase 2 Projects ($530,000) as they are currently
on hold with Related Santa Clara (majority
affirmative Council votes required).
(1,108,500) (1,108,500)
Developer Traffic Payments Fund (124)
Convention Center Capital Fund (865)
Convention Center Enterprise Fund (860)
2 Attachment 5
FY 2023/24 Budget Amendments
Department/Item
Source of
Funds
Use of
Funds Explanation
Transfer from the Electric
Utility Fund / New Business
Estimate Work Project
6,000,000 6,000,000 Recognizes a transfer from the Electric Utility Fund and increases the New Business Estimate Work
project to procure material and construct new
electric distribution facilities to serve new
customers, new development, and existing
customers' requests for electric service, relocation,
and increased electric load. An increase of material
and construction costs along with additional staff
time is expected to increase the cost to complete
these connections (five affirmative Council votes
required to appropriate additional revenue).
Transfer from the Water Utility
Capital Fund
191,500 Recognizes a transfer from the Water Utility Capital Fund to fund the Fiber Development, Design, and
Expansion Project (five affirmative Council votes
required to appropriate additional revenue).
Other Revenue (Developer
Contributions)
1,400,000 Increases the Other Revenue Estimate to account for Developer Contributions expected to be received
for the Fiber Development, Design, and Expansion
project (five affirmative Council votes required
to appropriate additional revenue).
Fiber Development, Design,
and Expansion Project
1,591,500 Increases the Fiber Development, Design, and
Expansion project to connect several new customer
related substations with fiber as required for the
completion of their projects and to perform work
requested from the Water Department to connect
three wells with fiber. The substations are funded by
developer deposits which will be received from
customers, and the fiber connection for the Water
Department is funded by a transfer from the Water
Utility Capital Fund, reallocating funding from the
SCADA Improvements project (five affirmative
Council votes required to appropriate additional
revenue).
Electric Utility Capital Fund (591)
3 Attachment 5
FY 2023/24 Budget Amendments
Department/Item
Source of
Funds
Use of
Funds Explanation
Transmission and Distribution
Capital Maintenance and
Betterments Project
1,000,000 Increases the Transmission and Distribution Capital Betterments project to account for expected
increases in material costs for planned transmission
and distribution maintenance work. This work is
performed as part of the preventative maintenance
program and identified through scheduled
infrastructure inspections. Funding for these
additional costs are available in the unrestricted
fund balance (five affirmative Council votes
required for the use of unused balances).
Storm Water Compliance
Project
150,000 Increases the Storm Water Compliance project to cover final closeout expenses, this includes
purchase of additional stormwater filters, and
associated SVP and Department of Public Works
inspection staff time. Funding for these additional
costs are available in the unrestricted fund balance
(five affirmative Council votes required for the
use of unused balances).
Unrestricted Ending Fund
Balance
(1,150,000) Decreases the Unrestricted Ending Fund Balance to offset the actions above (five affirmative Council
votes required for the use of unused balances).
7,591,500 7,591,500
Department/Item
Source of
Funds
Use of
Funds Explanation
Transfer to the Electric Utility
Capital Fund
6,000,000 Increases the transfer to the Electric Utility Capital Fund to provide additional funding for the New
Business Estimate Work project (five affirmative
Council votes required for the use of unused
balances).
Unrestricted Ending Fund
Balance
(6,000,000) Decreases the Unrestricted Ending Fund Balance to offset the actions above (five affirmative Council
votes required for the use of unused balances).
- -
Electric Utility Fund (091)
Electric Utility Capital Fund (591) (Cont'd.)
4 Attachment 5
FY 2023/24 Budget Amendments
Department/Item
Source of
Funds
Use of
Funds Explanation
Other Agencies Revenue /
2022 Emergency Management
Preparedness Grant
2,600 2,600 Recognizes and appropriates $2,600 in additional grant funding for the Santa Clara County
Emergency Management Performance Grant. The
additional funding will cover costs for the Alumni
Professional Exchange Continuing Education
Workshop at the Naval Postgraduate School and
other emergency management staff trainings (five
affirmative Council votes required to
appropriate additional revenue).
Other Agencies Revenue /
2023 County of Santa Clara
Emergency Medical Services
Grant
51,446 51,446 Establishes a grant appropriation for the 2023 Emergency Medical Services County Patient Care
System grant. The grant will reimburse costs for the
purchase of devices and supporting hardware
required to meet field capture requirements for
patient care records, as outlined in the Santa Clara
County Prehospital Care Policy. This grant will also
reimburse costs associated with the purchase of
medication that will improve the capabilities of care
during a terrorist nerve agent attack. These
activities support the Fire Department's Emergency
Medical Services Division
(five affirmative Council
votes required to appropriate additional
revenue).
54,046 54,046
Fire Operating Grant Trust Fund (178)
5 Attachment 5
FY 2023/24 Budget Amendments
Department/Item
Source of
Funds
Use of
Funds Explanation
Transfer from the Developer
Traffic Payments Fund
(1,108,500) Decreases the transfers associated with the Multimodal Improvement Plan Phase 1 Projects
($578,500) and Multimodal Improvement Plan
Phase 2 Projects ($530,000) as they are currently
on hold with Related Santa Clara (majority
affirmative Council votes required).
Transfer from the Traffic
Mitigation Fund
(221,500) Decreases the transfers associated with the
Multimodal Improvement Plan Phase 1 Projects
($161,500) and Multimodal Improvement Plan
Phase 2 Projects ($60,000) as they are currently on
hold with Related Santa Clara
(majority affirmative
Council votes required).
Developer Contributions (750,000) Decreases the Developer Contributions revenue estimate associated with the Multimodal
Improvement Plan Phase 2 Projects that is currently
on hold with Related Santa Clara (majority
affirmative Council votes required).
Multimodal Improvement Plan
Phase 1 Projects
(740,000) Defunds the project budget as the project is
currently on hold with Related Santa Clara.
Associated revenues, a transfer from the Developer
Traffic Payments Fund of $578,500 and a transfer
from the Traffic Mitigation Fund of $161,500, are
also removed. As Related moves forward, the
project may be rescoped and brought forward in a
future budget action (majority affirmative Council
votes required).
Multimodal Improvement Plan
Phase 2 Projects
(1,340,000) Defunds the project budget as the project is currently on hold with Related. Associated
revenues, developer contributions of $750,000, a
transfer from the Developer Traffic Payments Fund
of $530,000, and a transfer from the Traffic
Mitigation Fund of $60,000, are also removed. As
Related moves forward, the project may be
rescoped and brought forward in a future budget
action (majority affirmative Council votes
required).
(2,080,000) (2,080,000)
Streets and Highways Capital Fund (533)
6 Attachment 5
FY 2023/24 Budget Amendments
Department/Item
Source of
Funds
Use of
Funds Explanation
Developer Contributions /
Transfer to the Streets and
Highways Capital Fund
(221,500) (221,500) Decreases the Developer Contributions revenue estimate and the transfer to the Streets and
Highways Capital Fund associated with the
Multimodal Improvement Plan Phase 1 Projects
($161,500) and Multimodal Improvement Plan
Phase 2 Projects ($60,000) as they are currently on
hold with Related (majority affirmative Council
votes required).
(221,500) (221,500)
Department/Item
Source of
Funds
Use of
Funds Explanation
SCADA Improvements Project (191,500) Decreases the SCADA Improvements Project to transfer funds to the Fiber Development, Design,
and Expansion Project in the Electric Utility Capital
Fund (majority affirmative Council votes
required).
Transfer to the Electric Utility
Capital Fund
191,500 Establishes a transfer to the Electric Utility Capital Fund to connect three wells with fiber in the Fiber
Development, Design, and Expansion Project
(majority affirmative Council votes required).
- -
Water Utility Capital Fund (592)
Traffic Mitigation Fund (123)
7