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Item 43 - FY 2023-24 Mid Year Budget Update
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Item 43 - FY 2023-24 Mid Year Budget Update
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10/14/2024 9:33:30 AM
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City Clerk
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Agenda Packet
Agency
Clerk of the Council
Item #
43
Date
2/20/2024
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Line Item Changes to Revenue Estimates and Recommended Adjustments <br />Description <br />Account <br />Revenue <br />Spending <br />Adjust WIOA grant budget to match awarded funds <br />12318754-69011 <br />$ <br />(24,520) <br />Adjust WIOA grant budget to match awarded funds <br />12318756-69011 <br />$ <br />7,373 <br />Adjust WIOA grant budget to match awarded funds <br />12318763-69011 <br />$ <br />(94,197) <br />Adjust budget to available carryforward HOME federal housing grant balance <br />13018002-50001 <br />$ 906,878 <br />Adjust HOME federal housing grant spending to amounts available <br />13018780-69011 <br />$ <br />906,878 <br />Adjust CA Automated Permit Program grant to available carryforward balance <br />13116500-69011 <br />$ <br />100,000 <br />50% Retirement cash out of long-time Finance staff <br />13318780-61010 <br />$ <br />44,000 <br />50% Retirement cash out of long-time Finance staff <br />13518780-61010 <br />$ <br />10,720 <br />50% Retirement cash out of long-time Finance staff <br />13518788-61010 <br />$ <br />280 <br />Recognize Unanticipated Repayment for CALHOME Program <br />14318002-56900 <br />$ <br />58,866 <br />Recognize Unanticipated Earnings on Investment for CALHOME Program <br />14318002-58000 <br />$ <br />6,000 <br />Project cancelled due to funding shortfall of $4.7M & uncertainty of alignment <br />with upcoming First Street Complete Street Corridor Study <br />14817614-66220 <br />$ <br />(4,752,000) <br />SB2 Grant - Adjust planning grant spending to amount available <br />15816500-62300 <br />$ <br />(139,511) <br />SB2 Grant - Adjust planning grant spending to amount available <br />15816500-63001 <br />$ <br />(44,025) <br />LEAP Grant - Adjust planning grant spending to amount available <br />15816501-62300 <br />$ <br />5,291 <br />Adjust budgets with negative cash balances to close out grants <br />16113XXX-5XXXX <br />$ 2,094,178 <br />Adjust Health & Equity Literacy grant revenues to align with expenditures <br />17803002-52000 <br />$ 143,840 <br />Recognize revenue received for ARPA EHV Admin Fees <br />18018002-52XXX <br />$ 214,567 <br />Adjust HOME -ARP federal housing grant budget to align revenue with <br />expenditures <br />18218002-52008 <br />$ 2,228,935 <br />50% Retirement cash out of long-time Finance staff <br />18218780-61010 <br />$ <br />752 <br />Adjust budget to carryforward HOME -ARP federal housing grant balance <br />18218780-69152 <br />$ <br />(665,865) <br />Adjust grant to the available carry forward balance <br />18318763-52009 <br />$ 1,403,818 <br />POB Principal & Interest related to transfer of Fund 086 Construction <br />Inspection Salary Costs General Fund <br />40619002-59000-011 <br />$ 34,040 <br />Recognize Inclusionary Housing - Legado Project In -Lieu Fees <br />41718002-57896 <br />$ 834,000 <br />Appropriate Legado Project expenditures and administrative activities 41718820-62300 834,000 <br />
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