65A - RECIEVE AND FILE FY 2019-20 GENERAL FUND MIDYEAR

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Receive and file Fiscal Year 2019-20 General Fund Mid -Year Update February 18, 2020 Page 7 Increase budget for at Interfund Transfer from Gas Tax Fund to Select Street Construction Capital Fund: $6,564,027 The Santa Ana Regional Transportation Center (SARTC) enterprise fund continues to operate with a deficit. Without any additional revenues to support SARTC, the spendable fund balance will continue to decrease resulting in a larger negative balance. This fund will be discussed during the fiscal year 2020-2021 Budget Process. At this time, no adjustments are proposed pending a full policy discussion. r111a11L:C al IVIa11a4C111C11L JCI VIL:CJ A4CII1:Y - Lia1111a LP1b C111U11:CIIICIIL Funding in the amount of $78,866 for a Business Tax -Collector Inspector will be transferred from the City Manager's budget in the Cannabis Fund to the Finance & Management Services budget within the same fund. No net increase to the Cannabis Public Benefit Fund budget. r II lalwc a Ma11a4VI I I¢nL JVI VI .VZ �4¢II .y —Val nu 14 LI I LQIIJIIDQ On December 17th, 2019, the City Council approved an appropriation adjustment to provide General Fund relief for the Parking Enterprise fund related to overtime and unfunded liability expenses. In addition, parking meter rates have been increased and it is projected that the Parking Enterprise will be balanced by the end of the fiscal year. Planning & Building Agency (PBAI In Fiscal Year 2018-2019, PBA was allocated $850,000 to update the City's General Plan. At the close of the fiscal year, there is a remaining project balance of $283,177 that is available to carry forward into the current fiscal year 2019-2020. This information was not available when Council considered continuing appropriations in September 2019. Therefore, an adjustment is requested at this time. Increase AMES budget for the General Plan: $283,177 Community Development Agency (CDA) CDA has experienced a reduction in grant awards such as the Workforce Innovation and Opportunity Act (WIOA) and prior year funding for Rapid Response Formula and Layoff Aversion funds. Therefore, CDA will adjust their budget to be in alignment with current available funding. Decrease grant funding for WIOA and other grant programs: $448,792 STRATEGIC PLAN ALIGNMENT Approval of this item supports the City's effort to meet Goal #4 - City Financial Stability, Objective #1 (maintain a stable, efficient and transparent financial environment). FISCAL IMPACT The fiscal impacts for General Fund and Other funds are summarized in the tables in Exhibits 1 and 3. 65A-7