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Receive and file the FY 2022-2023 – Third Quarter Budget Update <br />May 16, 2023 <br />Page 7 <br />3 <br />4 <br />4 <br />4 <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 />Year <br />Accounting Unit - <br />Account # <br />Fund <br />Description <br />Accounting Unit, Account <br />Description Amount <br />FY 22-23 01118810-69152 General <br />Fund <br />Economic Development, <br />Loans & Grants $1,500,000 <br />FY 22-23 01111017-66200 General <br />Fund <br />Library – Service <br />Enhancement, Buildings & <br />Building Improvements <br />$3,900,000 <br />Total Expenditure <br />Adjustments $5,400,000 <br />Reduction in transfer to be netted against Cannabis tax revenue decrease: <br />FY 22-23 01106019-68000-012 General <br />Fund <br />Inter-Fund Transfers <br />Service Enhancement – <br />Transfer to Fund 012 <br />$(3,616,000) <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