Authorize
Appropriation of
$3 Million General
Fund for Council
Priority Projects
City Council Meeting
July 9, 2024
Agenda Item 15.8
Background•At the January 23, 2024 Council meeting, the Council discussed Fiscal Year 2022-23 Fourth Quarter Budget results and General Fund Reserves•Council action 2024-01-23-1501 approved an appropriation of $4,000,000 from the General Fund for Council Priority Projects to be guided by the Budget/Finance/Economic Development Council Committee•The Committee met on March 29, 2024, and approved a motion to recommend City Council allocate $1 million of the $4 million to the Stockton Shelter Navigation Center, which the Council subsequently approved on May 21, 2024•The Committee met in May and June of 2024 to discuss potential uses of the remaining $3 million, and approved a motion with project funding recommendations for full Council approval on June 11, 2024 Committee Recommendations
Recommendation•Discuss and consider the funding allocations recommended by the Budget/Finance/Economic Development Council Committee•Authorize a FY 2024-25 appropriation and any necessary transfers for the $3,000,000 earmarked from the FY 2022-23 General Fund balance Next Steps•Tonight’s action authorizes adding the budget for the approved projects•Staff will begin the necessary project planning and procurement processes to implement each project•Grant-funded projects will continue to take priority over General Fund projects, as grant funds are time-sensitive and subject to expiration and/or penalties