Agenda Item No.
CITY OF YUCAIPA
AGENDA REPORT
TO: Honorable Mayor and City Council
FROM: Phillip White, Director of Finance
Ryan Blackerby, Deputy Director o mance ?
FOR: City Council Meeting of September 25, 2023
SUBJECT: Fiscal Year 2023-24 Budget Adjustment Report — September 2023 RECOMMENDATION:
That the City Council amend the Fiscal Year 2023-24 (FY24) Annual Budget by the amounts indicated in Attachment 1.
BACKGROUND:
Beginning in September of 2023, staff may, on a monthly and as -needed basis, present a variety of budget adjustments requiring the approval of the City Council. These changes are submitted to the Finance Committee for review prior to submission to Cow-icil and include an explanation and justification for each transaction.
This report includes adjustments that have been identified by monitoring department budgets. They are included as an attachment to this report (Attachment 1). Adjustments are segregated by fund and department as appropriate.
Also included in this report as an attachment (Attaclunent 2) is a sununaiy of the budget adjustments approved by staff, consistent with the authority levels that were approved and delegated by Council in the City's Budget Policy (Resolution 2021-40).
DISCUSSION:
Details of budget adjustments are described in each respective attachment.
FISCAL IMAPCT:
The fiscal impact of each item is indicated within each respective attachment.
Attachment(s):
1. Budget Adjustments Requiring Council Approval
2. Staff Approved Budget Adjustments
Approved By:
ATTACHMENT 1
Fiscal Year 2023-24 Budget Adjustment Report — September 2023 City Council Meeting of September- 25, 2023
Attachment 1
FISCAL YEAR 2023-24
General Fund
A budget adjustment is necessary to amend the Fiscal Year 2023-2024 (FY24) Annual Budget by decreasing the salaries and benefits budget by $53,525 in the General Fund Finance Department and increasing the salaries and benefits budget in the General Fund General Services Department by the same, for the reallocation of the Administrative Assistant position. This position previously had 50% of its budget allocated to the Finance Department, but it will now be used 100% in the General Services Department.
A budget adjustment is necessary to amend the FY24 Annual Budget by increasing the Community Services Special Event expense budget for the Five Winds Country Music Festival by $150,000, bringing the total Five Winds Country Music Festival event expense budget to $625,000. This is necessary due to a $180,000 increase in talent cost, net of event budgetary savings found elsewhere.
A budget adjustment is necessary to amend the FY24 Annual Budget by increasing the Community Services Special Event expense budget by a total of $14,000, for the State of the City special event.
LLMD Zone QQ
A budget adjustment is necessary to amend the FY24 Annual Budget by increasing the expense budget in the LLMD Zone QQ Fund by $200,000 to issue a refund.
ATTACHMENT 2
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