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Receive and file the FY 2021-2022 Mid-Year Budget Update <br />March 1, 2022 <br />Page 12 <br />hiring freeze provided $2.9 million in savings in the current-year budget. With the First <br />Quarter Budget Report, the City Council approved a partial restoration of frozen positions <br />in the current year, with a total fiscal impact of $0.4 million across various departments. <br />The vacancy report as of December 31 does not reflect the approved $0.4 million to <br />partially restore hiring freeze positions. <br />ENVIRONMENTAL IMPACT <br />There is no environmental impact associated with this action. <br />FISCAL IMPACT <br />The summary of General Fund fiscal impact appears at the beginning of this report, and <br />staff has listed all recommended appropriation adjustments in Exhibits 2 and 3, which <br />incorporates the updated revenue estimates (i.e., Sales Tax and Property Tax) and <br />workforce changes approved from the First Quarter Budget Report on January 18, 2022 <br />and the updated recommendations contained herein. The Estimated Fund Balance <br />Summary as of June 30, 2022 in Exhibit 6 includes the updated budget and estimated <br />ending fund balance for all funds with the approved First Quarter Budget Report <br />adjustments. However, Exhibit 6 does not reflect the proposed Mid-Year budget <br />adjustments within this report. <br />EXHIBITS <br />1. Fiscal Year 2021-2022 – Mid-Year Budget Update <br />2. Mid-Year Appropriation Adjustments <br />3. Pension Related Appropriation Adjustments <br />4. Personnel Resolution <br />5. Classification and Compensation Plan Resolution <br />6. Estimated Fund Balance Summary as of June 30, 2022 <br />Submitted By: Kathryn Downs, FMSA Executive Director <br />Approved By: Kristine Ridge, City Manager