Attachment 1
Department/Item
Source of
Funds
Use of
Funds Explanation
Transfer to Public Buildings
Capital Fund
180,000 This action establishes a transfer to the Public Buildings Capital Fund to establish the Public
Facilities Paid Parking project to fund a paid
parking study for Franklin Square. This transfer will
be supported by a reduction to the Unrestricted
Ending Fund Balance, which is comprised entirely
of the City's General Fund dollars that were
contributed to the Downtown Parking Maintenance
District Fund in prior years for maintenance
activities and will not be funded by property owner
contributions (five affirmative Council votes
required for the use of unused balances).
Unrestricted Ending Fund Balance (180,000) This action decreases the Ending Fund Balance to offset the recommended action above (five
affirmative Council votes required for the use of
unused balances).
- -
Department/Item
Source of
Funds
Use of
Funds Explanation
Transfer from Downtown Parking
Maintenance District Fund / Public
Facilities Paid Parking (New
Project)
180,000 180,000 At the March 25, 2024, and April 3, 2024, City Council Priority Setting Sessions, City Council
directed staff to investigate paid parking options for
the City-owned parking lots at Franklin Square.
This action establishes the Public Facilities Paid
Parking project in the amount of $180,000 for the
parking study, funded by a transfer from the
Downtown Parking Maintenance District Fund
Unrestricted Ending Fund Balance; this fund
balance was generated from unspent General
Fund contributions for maintenance activities in
prior years (five affirmative Council votes
required to appropriate additional revenue).
180,000 180,000
Downtown Parking Maintenance District Fund (025)
FY 2025/26 Budget Amendments
Public Buildings Capital Fund (538)
1