HomeMy WebLinkAboutFin Fiscal Year 2022-2023 Year-End Budget Amendments PPTFISCAL YEAR 2022-23
YEAR-END BUDGET
AMENDMENTS
CITY COUNCIL
MEETING
SEPTEMBER 18, 2023
PRELIMINARY YEAR-END RESULTS*
•Projected Results - $98,729,173
•Adjusted Budget -$98,501,872
General Fund - Revenues
•Projected Results - $104,775,005
•Adjusted Budget -$105,212,629
General Fund - Expenditures
* Figures are inclusive of proposed amendments
PRELIMINARY YEAR-END RESULTS*
•$664 thousand favorable budget variance
•Total draw-down of fund balance ($6 million)
•Net of $7.25 million ARPA transfer $1.2 millionNet results
•Emergency reserve - $338 thousand
•Pickleweed Park Field Renovation Project grant matching commitmentAssignments
•Parking and Childcare rebounding
•Investment returns of $623,493
Other results of note
* Figures are inclusive of proposed amendments
FY 2022-23 BUDGET AMENDMENTS
•Forego transfer from Gas Tax Fund of $650,000
•SAFE Team transfer from Cannabis Fund of $11,070
General Fund – Revised Transfers In
•Reallocate personnel savings of ($5,000,000)
General Fund – Revised Expenditures
•Capital Projects Fund and Liability Fund - $5,000,000
•San Quentin Pump Station project (ARPA) -$7,250,000
•Measure E –transfer of ¼ cent tax less debt service -$586,926
General Fund – Revised Transfers Out
FY 2022-23 BUDGET AMENDMENTS
•Increased revenues and transfers in of $12.8 million
•Stormwater -$7.25 million
•Capital Projects -$2.6 million
•Liability -$2.4 million
•Essential Facilities -$587 thousand
•Increased expenditures and transfers out of $1.2 million
•Essential Facilities -$1.76 million
•Gas Tax –($650 thousand)
Other Funds
RECOMMENDED ACTION
Approve resolution adopting amendments
authorizing appropriations and transfers for Fiscal
Year 2022-23