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Fiscal Year 2022-23 First Quarter Budget Report and Proposed Appropriation <br />Adjustments <br />November 15, 2022 <br />Page 6 <br />FISCAL IMPACT <br />If City Council approves the recommended budget amendments, the updated estimate <br />of the General Fund balance at June 30, 2023 is as follows: <br />General Fund <br />FY 2022-23 Updated <br />Beginning Balance at July 1, 2022 <br />$113,509,544 <br />Revenue Estimate <br />$391,552,940 <br />Appropriated Spending <br />$(406,880,124) <br />Pension Trust Set -Aside <br />$(7,748,811) <br />Estimated Ending Balance at June 30, 2023 <br />$90,433,549 <br />Less: 18% Reserve <br />$70,479,529 <br />Estimated Spendable Balance <br />$19,954,020 <br />Staff recommends the following appropriation adjustments: <br />Accounting Unit <br />Fund <br />Accounting Unit, <br />Fiscal Year <br />— Account # <br />Description <br />Account <br />Amount <br />Description <br />FY 2022-23 <br />01111017-61000 <br />General Fund <br />Library — Service <br />$40,000 <br />Enhancement <br />FY 2022-23 <br />01103010-61000 <br />General Fund <br />City Manager, <br />$35,000 <br />Salaries Regular <br />General Non- <br />FY 2022-23 <br />01105015-62300 <br />General Fund <br />Departmental, <br />Contract Services - <br />$36,600 <br />Professional <br />Bus Shelter <br />Program -Service <br />FY 2022-23 <br />01117621-62300 <br />General Fund <br />Enhancement, <br />$514,764 <br />Contract Services - <br />Professional <br />General Non- <br />FY 2022-23 <br />01105015-62300 <br />General Fund <br />Departmental, <br />$1,000,000 <br />Contract Services - <br />Professional <br />Construction <br />FY 2022-23 <br />01117611-Various <br />General Fund <br />Engineering, <br />$1,657,000 <br />Various Accounts <br />City Council 13 — 6 11/15/2022 <br />