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Finance and Management Services <br />www.santa-ana.org/finance <br />Item # 11 <br />City of Santa Ana <br />20 Civic Center Plaza, Santa Ana, CA 92701 <br /> Staff Report <br />May 16, 2023 <br />TOPIC: Fiscal Year 2022-2023: Third Quarter Budget Update <br />AGENDA TITLE <br />Fiscal Year 2022-2023: Third Quarter Budget Update and Appropriation Requests <br />RECOMMENDED ACTION <br />1. Receive and file the fiscal year 2022-2023: Third Quarter Budget Update. <br />2. Approve the recommended appropriation adjustments with a net General Fund <br />impact of $1,784,000 ($1,500,000 for Business Interruption Grant, $3,900,000 for <br />Main Library Transformation and Newhope Library Tenant Improvement, and <br />reduction of $3,616,000 transfer from General Fund to the Cannabis Public <br />Benefit Fund) described in detail below for the fiscal year 2022-23 (requires five <br />affirmative votes). <br />EXECUTIVE SUMMARY <br />The Third Quarter Budget Update provides a General Fund snapshot of the first nine <br />months of the fiscal year. For the third quarter, we have nothing notable to report for <br />restricted funds of the City. This report includes recommendations for one-time <br />General Fund appropriation adjustments, updates to General Fund revenue <br />estimates, a summary of General Fund revenues and expenditures, and a full-time <br />staff vacancy report as of March 31, 2023. <br />A summary of the General Fund is detailed below: