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Receive and file the FY 2022-2023 — Third Quarter Budget Update <br />May 16, 2023 <br />Page 7 <br />FISCAL IMPACT <br />The summary of General Fund fiscal impact appears at the beginning of this report and <br />staff has listed the recommended appropriations adjustments below. <br />Fiscal <br />Accounting Unit - <br />Fund <br />Accounting Unit, Account <br />Amount <br />Year <br />Account # <br />Description <br />Description <br />FY 22-23 <br />01118810-69152 <br />General <br />Economic Development, <br />$1,500,000 <br />Fund <br />Loans & Grants <br />General <br />Library — Service <br />FY 22-23 <br />01111017-66200 <br />Fund <br />Enhancement, Buildings & <br />$3,900,000 <br />Building Improvements <br />Total Expenditure <br />$5,400,000 <br />Adjustments <br />Reduction in transfer to be netted <br />against Cannabis tax revenue decrease: <br />General <br />Inter -Fund Transfers <br />FY 22-23 <br />01106019-68000-012 <br />Fund <br />Service Enhancement — <br />$(3,616,000) <br />Transfer to Fund 012 <br />EXHIBIT(S) <br />1. Line Item Changes to Revenue Estimates and Recommended Adjustments <br />2. Vacancy Report as of March 31, 2023 <br />Submitted By: Kathryn Downs, FMSA Executive Director <br />Approved By: Kristine Ridge, City Manager <br />City Council 11 — 7 5/16/2023 <br />