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Item 20 - Fiscal 2024-25 Mid-Year Budget Update, Appropriation Requests, and Workforce Changes
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Item 20 - Fiscal 2024-25 Mid-Year Budget Update, Appropriation Requests, and Workforce Changes
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2/26/2025 11:29:35 AM
Creation date
2/26/2025 9:39:17 AM
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City Clerk
Doc Type
Agenda Packet
Agency
Finance & Management Services
Item #
20
Date
3/4/2025
Destruction Year
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FY24-25 Mid-Year General Fund Requests EXHIBIT 1 <br />Dept Request <br />Type <br />Account <br />Type Fund Type Fund Accounting <br />Unit Account Description FY24-25 <br />Amount <br />Miscellaneous <br />Revenue One-Time Revenue GF 011 01102002 5002X Reduction in Sales Tax and Local Sales Tax (5,432,304) <br />Miscellaneous <br />Revenue One-Time Revenue GF 011 01102002 50031 Utility User Tax - Electric Increase 1,500,000 <br />Miscellaneous <br />Revenue One-Time Revenue GF 011 01102002 50045 Business Tax Increase 1,250,000 <br />Miscellaneous <br />Revenue One-Time Revenue GF 011 01102002 50200 Documentary Stamp Tax Increase 400,000 <br />Miscellaneous <br />Revenue One-Time Revenue GF 011 01102002 50016 Property Tax-In Lieu VLF Increase 456,660 <br />Miscellaneous <br />Revenue One-Time Revenue GF 011 01102002 50058 Refuse Franchise Fee Increase 500,000 <br />PRCSA One-Time Revenue GF 011 01113002 5XXXX Increase in Zoo & Recreational Programs revenue <br />mainly due to higher park reservation activity 354,650 <br />Miscellaneous <br />Revenue One-Time Revenue GF 011 01102002 501XX Reduction in Cannabis revenues due to lower-than- <br />expected tax collections (2,392,195) <br />1 of 9
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